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 Any material borrowed from published and unpublished sources has been appropriately referenced.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.
Bhavik Bajwa, MBA 2016-18, Vinod Gupta School of Management, IIT Kharagpur
The world class teaching and research institutes that were introduced in the 2016 budget received extensive feedback after their details were made public. The HRD ministry has finally announced the regulations regarding their set up in India after many rounds of discussion and debate with the PMO. One of the key changes is the decrease of the corpus fund requirement that has been decreased from 500 crores to 60 crores. The enrollment requirement has been reduced to 15,000 students and the faculty-student ratio will be maintained at 1:20. It has been projected that the faculty-student ratio will be improved to 1:10 in the five ten years. The institues will be governed by special regulations and will not come under the UGC guidelines.
These institutes will be called “Institutes of Eminence” of which 10 will be public and 10 will be private institutes. 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.