UGC to lose financial autonomy @ Higher Education Financing Agency (HEFA)
Just a week after Human Resources
Development Minister Prakash Javadekar talked of mega reforms to give more autonomy
to the institutions of higher education, his ministry has quietly moved to
usurp the financial autonomy enjoyed by the University Grants Commission (UGC)
since its inception four decades ago as India’s higher education watchdog.
The
major responsibility of the UGC was to disburse and allocate funds to the
universities and keep tab on them to punish those violating the UGC Act. The
ministry has, however, proposed constitution of the Higher Education Financing
Agency (HEFA) that will eventually take over the UGC”s financial powers of
funding the higher educational institutions, including IITs and IIMs.
The
ministry sources said the UGC Act will have to be amended to transfer its
financial powers to HEFA.
Source | Free Press | 14 February 2017
Regards
Pralhad
Jadhav
Senior
Manager @ Library
Khaitan & Co
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