To the surprise of private business schools in India, an education regulator has refused to allow one-year M.B.A.’s, which are standard at most top-ranked global business schools, reports the Daily News & Analysis. The All India Council for Technical Education says that two-year courses are required for a quality business education, and that if it approved a degree in less time, it would lead to an influx of fly-by-night institutions, reports the Indian Express. Last month a group of  17 private universities made an informal proposal to Kapil Sibal, India’s minister in charge of higher education, to approve one-year degrees like that offered by the Indian School of Business; that institution is not recognized by the regulator but is ranked 12th in the world by the Financial Times’s Global Business School Rankings 2010.