Global Education Gazette #1

EduNews????

Income Tax New rules: Now sending money out of India is expensive, new income tax rules will apply.

Starting from July 1, 2023, the Indian government has implemented new income tax rules that will impact individuals sending money abroad, particularly those with children studying overseas. Sending money abroad will now be 15% more expensive due to the changes. Under the new rules, a 20% income tax will be imposed on foreign money transfers, up from the previous 5% rate. This means that individuals will have to pay 20% of the amount sent abroad as tax to the Income Tax Department. The government aims to monitor high-value international credit card transactions to maintain foreign exchange reserves, combat money laundering, and increase tax revenue. The increased TCS (Tax Collected at Source) charges will come into effect from July 1, and it is advised to thoroughly understand the new rules before engaging in any foreign transactions to avoid any financial losses.

Foreign Education: Why Indian students choose studying abroad over distance learning.

The number of Indian students studying abroad has surged by 68% in 2022 compared to the previous year. Canada has emerged as the leading destination, surpassing the US, due to liberal immigration policies. Studying abroad offers academic quality, research access, and personal growth opportunities. Admissions at prestigious universities emphasize holistic evaluation and diverse student cohorts, fostering enriching conversations and inclusive solutions. Online education has its merits, but the social experience and flexibility of studying abroad are irreplaceable.

Canada announces new work permit for H-1B visa holders from the United States

Canada announced a new work permit program for H-1B visa holders from the United States. The program aims to attract highly skilled foreign workers who are already in the U.S. under the H-1B visa program. The work permit will be valid for up to three years and will allow H-1B visa holders to live and work in Canada while waiting for their permanent residency applications to be processed. This move is seen as a strategic step by Canada to tap into the talent pool of skilled workers in the United States and strengthen its own workforce.

Expert Insights

Ruchika Agarwal - Overseas education consultant ( Admit Achievers )

1. How can studying abroad enhance a student's academic and career prospects?

Studying abroad can significantly enhance a student's academic and career prospects. Firstly, it exposes them to a new educational system and diverse perspectives, fostering intellectual growth and cross-cultural understanding. Immersion in a foreign language can improve language skills, opening doors to international job opportunities. Interacting with students from different backgrounds develops interpersonal skills and global networks. Moreover, studying abroad demonstrates adaptability, resilience, and independence, highly valued by employers. Experiencing different cultures and societies fosters creativity and a broader worldview, making students more adaptable to a globalized job market. Overall, studying abroad enriches academic knowledge, expands career opportunities, and equips students with essential skills for success in an interconnected world.

2. How can studying abroad contribute to personal growth and cultural understanding?

Studying abroad contributes significantly to personal growth and cultural understanding. Immersion in a foreign culture exposes students to diverse perspectives, beliefs, and values, fostering empathy and intercultural competence. Living in a different country challenges students to step out of their comfort zones, enhancing adaptability, resilience, and independence. They develop valuable skills like communication, problem-solving, and cross-cultural collaboration. Experiencing different cultural norms and practices broadens their worldview and challenges preconceived notions, promoting open-mindedness and tolerance. By engaging with locals and fellow international students, they build global networks, forge lifelong friendships, and gain a deeper appreciation for cultural diversity. Ultimately, studying abroad cultivates personal growth, expands horizons, and nurtures global citizenship.

3. Are there any safety considerations that students should be aware of when choosing a study abroad destination?

Yes, safety considerations are crucial when choosing a study abroad destination. Students should research and assess the safety and security conditions of their potential destinations. Factors to consider include political stability, crime rates, healthcare facilities, natural disaster risks, and cultural norms regarding personal safety. It's advisable to consult travel advisories and guidance from the home country's government or educational institution. Students should familiarize themselves with local laws and customs to avoid inadvertently violating any regulations. Additionally, they should obtain comprehensive health insurance and follow recommended safety precautions. Connecting with other students or alumni who have studied in the chosen destination can provide valuable insights and guidance regarding safety concerns.

4. What are the most common challenges students face during their study abroad experience, and how can they overcome them?

During their study abroad experience, students commonly face challenges such as cultural adjustment, homesickness, language barriers, academic differences, and social integration. To overcome these challenges, students can actively engage in the local culture, join student organizations or clubs, and seek opportunities to interact with locals. Developing language skills through language courses or language exchange programs can improve communication. Connecting with fellow international students can provide a support network. Maintaining regular communication with family and friends back home can help alleviate homesickness. Seeking academic support from professors or academic advisors can assist with adapting to the educational system. Finally, maintaining a positive mindset, being open to new experiences, and seeking support when needed is essential for overcoming challenges.

5. What are the key factors to consider when choosing a study abroad program that suits an individual's interests and goals?

Several key factors should be considered When choosing a study abroad program that aligns with one's interests and goals. Firstly, the academic offerings and courses should match the individual's field of study and academic requirements. The program's location and cultural aspects should resonate with the individual's interests and desired cultural immersion. The duration and timing of the program should fit within their academic schedule and personal commitments. Financial considerations, including program costs, scholarships, and living expenses, should be evaluated. Additionally, support services provided by the program, such as housing, orientation, and academic support, should be assessed to ensure a smooth transition and a fulfilling experience.

Study-abroad Buzz!??

Increasing Opportunities In Study Abroad Application Service Market is Booming Worldwide Growth Prospects, Incredible Demand and Business Strategies 2023-2030 | JJL Overseas Education, Shinway Education

The Study Abroad Application Service Market report provides predictions and analyses for the period of 2023 to 2030, offering insights into the competitive landscape, supply chain analysis, and industry practices. It covers market growth drivers, restraints, trends, and economic aspects, along with key details such as top players, product types, and applications. The report highlights the growing popularity of studying abroad, with Canada emerging as a leading destination. It also emphasizes the social experience and flexibility offered by studying abroad compared to online education. The report includes regional assessments and an analysis of major players' strategies.

Studying in Australia remains a preferred destination for international students.

Australian universities have experienced a significant recovery from the COVID-19 pandemic, with a notable increase of 42,830 international students in April 2023 compared to the previous year. This surge in student numbers demonstrates the global trust in Australian universities and their quality education. Despite ongoing pandemic impacts, students worldwide are choosing Australia as their study destination. The presence of international students has significant economic benefits, contributing billions of dollars to the Australian economy and supporting numerous jobs. However, international students still face challenges, including financial struggles and rising living costs. Efforts are being made to restore student enrollment to pre-pandemic levels, and the future of international education in Australia looks promising due to the resilience and adaptability of its universities.

Indian PhD diaspora leaves universities short of recruits

The increasing number of Indian students opting for doctoral programs overseas has resulted in a shortage of qualified candidates for teaching positions in Indian institutions. This shortage raises concerns about the quality of research and education in the country. Efforts are being made to address this issue by implementing initiatives to attract Indian PhD graduates back to India. The article highlights the need to bridge this gap and ensure a robust academic workforce within Indian universities.