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!
Librarian
Rizvi Institute of
Management
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