BHU, DU, JNU Likely to Get Complete Financial Autonomy
Top ranking institutes will get full operational autonomy that will also include in matters related to finances. At present these institutes are funded by the central government.
With the National Institutional Ranking Framework or NIRF India Rankings 2017 already out earlier this month, it is likely that the top performing institutes such as the University of Delhi (DU), Banaras Hindu University (BHU), Jawaharlal Nehru University (JNU), Lady Shri Ram College (LSR), and Shri Ram College of Commerce (SRCC) will get full operational autonomy that will also include in matters related to finances. At present these institutes are funded by the central government.
As the government is bringing about reforms in the education sector continuously with the help of a high-powered committee of the Niti Aayog, the institutions will be allowed to raise resources independently apart from having the freedom to hire the best faculty talent from India as well as abroad.
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Moreover, those institutes that have achieved good ranks or grades such as A, A+ or A++ in the NAAC assessment will likely be granted complete autonomy. National Assessment & Accreditation Council is the nodal body that was established by the UGC or University Grants Commission and carries out frequent visits to the higher education institutes to check on their functioning and administrative responsibilities.
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This top ranking institutes also have the capability to make a mark in the global rankings that are released from time to time. If granted autonomy, the universities and colleges will be able to work towards the long-term objectives.
With inputs from Times of India