The following article is based on my own interpretation of the said events and/ or publicly available information. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Shubhangini Rastogi, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur
Finance minister Arun Jaitley had announced in the 2016 budget to enable regulatory architecture to 10 public and 10 private institutions to emerge as world-class teaching and research institutions.
HRD Ministry led by Mr Prakash Javadekar has finalized on the regulations to set up these `world class institutes’ deciding to name them as `Institutes of Eminence’.
There have been changes made to the requirements to be fulfilled to compete for the spot. The corpus amount requirement has been significantly brought down for private institutes from the originally proposed Rs 500 crore to just about Rs 60 crore. They have also pulled down enrollment requirements to 15,000 students from 20,000 and keep Faculty Student ratio at 1:20 from initial 1:10.The regulations also clearly say that UGC regulations will not be applicable in most part to these 20 institutes.
The changes to the Regulations have been made following the feedback the ministry received on them after they were put in the public domain.
It is expected that the HRD ministry will be able to take the proposal to Cabinet in April-May and notify them in June this year. Once Cabinet approval comes through, an Empowered Experts Committee will be appointed to conduct the screening process for the aspiring institutes which will be able to apply within 90 days of notification.
Now the question is : Will IIT Kharagpur make it to the much coveted list of Institutes of Eminence?