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Perennial controversy everywhere. Should students representing colleges at moots, sports events etc get attendance exemptions? Then about people representing, say, states or clubs in cricket tournaments?
No. They are doing this to enrich their own CVs too and hence it should fall within the 30% attendance that they are allowed to miss.

Yes. Because university shows off those achievements too to improve public perception. Unless basic encouragement like attendance will be given, students will not get motivated enough to perform well.

Take your pick of arguments.