Government funds aim to boost quality of 20 universities

Lamenting that no Indian university figures among the top 500 globally, Prime Minister Narendra Modi said recently the government intends to unshackle these institutions and provide Rs10,000 crore (US$1.5 billion) to 20 universities to ensure that they are counted among the best in the world, reports PTI.

Addressing a function on the centenary celebrations of Patna University in Patna, he said measures like the grant of central status were “a thing of the past” and his government has taken “a step forward” towards making 10 private universities and 10 government ones world class.

“My government took an important step towards unshackling the Indian Institutes of Management, freeing them from the clutches of restrictions and regulations set by the government. We intend to do the same for our universities and ensure that our centres of higher learning figure among the best 500 in the world,” Modi said at the event.
Full report on the Livemint site