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IISc, IIT-D chosen for special grants
News:
- Recently, the Human Resource Development Ministry has granted Institution of Eminence (IoE) status to 6 universities
Important Facts:
- Indian Institute of Technology (IIT)-Bombay, IIT-Delhi and IISc Bangalore are the three public universities which have been granted the IoE status
- 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
- Institute of Eminence Status:
- For the IoE status, Under the Institute of Eminence, 10 private and 10 public universities are to be selected.
- 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
- 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
