Diploma

Yes, it is required by the companies in India and Abroad.

Yes, it is highly demanded programme and accepted in the industry for technical jobs.

Yes, they provide one year Diploma certificate. These are job oriented courses are very helpful to get into the industry asap.

Check out this link: http://mitcoe.ac.in/wp-content/uploads/download/03_admission/06_cut-off/Direct-Second-Year-2016-2017-Cut-off-list.pdf

Both the options are good and followed by many students. By dropping, you will only able to clear intermediate exam. But if you go for Diploma in computer Science and work hard, then after one year, you will have only two years to get Diploma certificate. So you can get a job also with Diploma. So, go for Diploma. Best of luck.

Hi Vijay,
Yes, you can get admission via lateral entry. You are eligible. Those students, who will join through lateral entry will get admission in second year directly.
Best of luck.

Hi,
As you have completed your diploma in CSE, so you will get admission in second year directly through lateral entry. To get admission, you need to appear for the lateral entry entrance exam.
Best of luck.