IISc, IIT-D chosen for special grants

IISc, IIT-D chosen for special grants

News:

1. Recently, the Human Resource Development Ministry has granted Institution of Eminence (IoE) status to 6 universities

Important Facts:

2. Indian Institute of Technology (IIT)-Bombay, IIT-Delhi and IISc Bangalore are the three public universities which have been granted the IoE status
3. Jio Institute by Reliance Foundation, BITS Pilani, and Manipal Academy of Higher Education are the three private universities which have been granted the status of IoE
4. Institute of Eminence Status:
5. For the IoE status, Under the Institute of Eminence, 10 private and 10 public universities are to be selected.
6. Difference between IoE status Institutions and other Universities

• The selected institutes will be regulated differently from other universities. They will be free from the regulations of AICTE, UGC or Higher Education Commission of India
• These institutions will have full flexibility in determining their curricula and syllabi
• They can admit 30% foreign students with no restriction on fees charged from them
• They can further hire foreign faculty (25% of the total faculty)
• They can enter into collaboration with top 500 global universities without approval of UGC
• The aim is to evolve these into institutions of world class within a reasonable time period

7. Greenfield Category:

• The proposed Jio Institute in Maharashtra has been chosen in the Greenfield category
• Institutes under this category will be issued letters of intent for three years within which they have to commence academic operations for the notification declaring them IoE to be issued
• In case of failure, there IoE status can be cancelled