The Uses of Rankings

The Indian Universities Grants Commission has laid down new regulations "to ensure academic collaboration between Indian and foreign educational institutes follows the highest standards".

The foreign institutions allowed to collaborate with Indian universities and colleges "must figure in list of top 500 global educational institutes, as ranked by the Times Higher Education Rankings or the Shanghai Rankings".

This sounds a little odd. The Times Higher Education World University Rankings only have 400 universities listed on their iphone app. Perhaps they will provide the Indian authorities with the remaining 100.

Another problem is that the Shanghai and THE rankings, especially the latter are not totally stable. So what happens if a university enters the top 500 before a contract is signed and then slips out the year after?