Indiatimes|The Times of India|The Economic Times|More

Log InJoin
Login with:


Policy
Search f or Ne




Home
News
Industry
Politics
Opinion
Markets
Wealth
MF
Tech
Jobs
NRI
Magazines
Slideshows
Blogs
ET NOW
ET Speed

News By Company
Economy
Politics and Nation
International
Emerging Businesses
Sports
Press Releases
Environment
Latest News
Agriculture
Finance
Foreign Trade
Indicators
Infrastructure
Policy

04:04 PM | 07 Aug
EODMARKET STATS
SENSEX
25,589.01-76.26
NIFTY
7,649.25-22.80
GOLD (MCX) (Rs/10g.)
28,589.00-44.00
USD/INR
61.23-0.28
Login to Track your Investment

You are here: ET HomeNewsEconomyPolicy

SPOTLIGHT
Entrepreneurship

Entrepreneurship: How to make $100 mn before 40
More than a handful of first-generation entrepreneurs have managed to mint their first $100 million in
wealth while still in their thirties.
How an engineer built a Rs 46-lakh photography firm
Indus Net flourishes from Rs 50 to Rs 40 cr in web designing
Pure Politics

Cong, NCP to fight Maha Assembly polls together
Congress and NCP will fight the Assembly polls in Maharashtra together, Sharad Pawar announced
today after a meeting with Sonia Gandhi.
India, China to eagerly watch high-profile visits in Sep
Rahul Gandhi trying to prove his existence: BJP
Slideshows You Can't Miss

Small wonder: Take a tour of a house on wheels!
Tiny houses - for some years now, people around the world building really small living spaces - and this
one that we are taking a tour of, has wheels!
5 money management lessons you can learn from PM Modi
EPL 2014: A look at the clubs' new signings
Offbeat

Sothebys to sell homes at list prices of Rs 15-200 cr
With India emerging as a real-estate destination and the number of HNIs surging, Sothebys has prepared
a list of marketable and saleable properties.
Speed limiter devices must for trucks, buses from Oct
Google Glass not an optimal tool for space tasks: NASA
Jobs

Corporate India fights to retain inhouse talent
Stray instances of employers making counter-offers to retain key top talent have always been there even
in the most difficult of markets.
Foreign law firms queueing up to hire Indians
Microsoft hires Qualcomm executive to make more deals
Modi's Development Mantras

Narendra Modis Varanasi push gets Google back-up
PM Modi stressed the need to preserve ancient ethos while implementing the socalled Kashi Vision that
is expected to get a high-power launch.
Govt to launch booking of website names in Devnagari
Narendra Modi prepares for power punch for Assembly polls
Xiaomi's Mission India

Xiaomi to put 20,000 Mi 3 phones on sale on Aug 12
Xiaomi will put 20,000 handsets for its next flash sale on August 12. The company admitted that being a
start-up it has manufacturing constraints.
New sell phone: Tracking Xiaomi's meteoric rise
Flash sale of Xiaomi Mi3 disappoints buyers
Paving the Road to Growth

Cognizant cuts growth outlook; slowest in 5 years
The company also forecast current-quarter revenue to range between $2.55 bn and $2.58 bn, below the
average analyst estimate of $2.66 bn.
Cognizant enters $10-billion club; stock down 16%
Infy, TCS, Wipro down 1% as Cognizant cuts guidance
Luxury & Lifestyle

Health & fitness figure high on hotel menu now
With increasing travel and health consciousness, a lot of travellers want to strike a balance between
healthy eating and indulgence.
A printer that spits out whatevers on your iPhones screen
Whats better for corporates: Formals or casuals?
Decoding Rajanomics

Interest rate cut need not wait for 6% inflation: Rajan
If we have a low fiscal deficit, moderate current account deficit and low inflation, people want to be here,
says RBI Governor Raghuram Rajan.
RBI Governor Raghuram Rajan warns of global market 'crash'
India won't lift caps on FII investment in bonds: Rajan
Clamour for CSAT

Clamour for civil service jobs only in UP & Bihar
Actually, students outside the Hindi belt have better things to do: aspire for private jobs, lead a
respectable life as an artist, architect, comedian.
CSAT exam is not anti-Hindi: Purushottam Agrawal
Need for improvement in language teaching in schools
Calling all Investors

Cabinet approves raising FDI cap in defence to 49%
Arun Jaitley in his Budget speech had announced plans to increase FDI in the defence and open up the
cash-starved govt-owned railways.
FIPB clears 14 FDI proposals worth Rs 1,528 crore
'FDI hike will have limited impact on stock markets'












Most
Read
Most
Shared
Most
Commented

o The untold stories of Narendra Modis social media plan in Lok Sabha polls
o US exerted pressure on Manmohan Singh, CIA penetrated every sphere of UPA: Natwar Singh
o Pawan Bansal's rise and fall from star salesman to wily rainmaker to alleged graft middleman
o 4 Indians among Fortune's list of 20 extraordinary tech czars
o Entrepreneurship: How to make $100 million before turning 40
More
News in Pics
1/20
MH17 victims remembered at National memorial service

Most Watched Videos
Exclusive interview: Arvind Vohra, Gionee
Exclusive interview: Arvind Vohra, Gione...
Markets tomorrow: Stocks to watch
Need to revise salaries at PSBs: Raghura...
MORE FROM VIDEOS
Slide Shows
Upcoming Cars of 2014 between Rs 5-8 lakh
With more and more people being able to afford an automobile every year, this is one of the mo...
Honda Mobilio: Review
Honda, the latest entrant in this space, is confident it has all these aspects and more, sorte...
7 reasons to buy the Asus Zenfone 5 over Moto G
Here are a few points in which the Zenfone 5 is a better option that the Motorola if you are o...
More Slideshows
Panel set up to prepare
University Grants Commission recast
plan
By Urmi Goswami
HRD Minister Smriti Irani had made restructuring and
revamping of the UGC one of her top priorities.
ET SPECIAL:
Save precious time tracking your investments
NEW DELHI: Development has set up a committee headed by former University Grants
Commission Chairman Hari Gautam to provide a blueprint for restructuring the higher education
regulator as it addresses challenges of a growing sector.

ET had reported on June 3 that HRD MinisterSmriti Irani had made restructuring and revamping of
the UGC one of her top priorities and that the ministry was doing the required spadework for it.
Irani's focus is in keeping with the BJP's poll promise of restructuring the body to transform it into a
Higher Education Commission.

The transformation will be effected by amending the UGC Act. The higher education sector in India
has emerged as one of the largest in the world in terms of number of institutions and the second
largest by number of students with nearly 28 million students in 726 universities and about 38,000
colleges.

The gross enrolment ratio in 2011-12 was 20.4 per cent, which included students studying through
the distance mode. Besides Hari Gautam, the members of the committee are CM Jariwala, former
head and dean of law at Banaras Hindu University; Kapil Kapoor, former pro-
vice chancellor of Jawaharlal Nehru University and the joint secretary of higher education in the
ministry who is the member secretary of the committee.

The committee will evaluate the performance of the UGC in coordinating and determining standards
of education in universities, conducting an audit of its regulatory reach and identifying its strengths
and weaknesses.

The evaluation will also be conducted at the level of the UGC's regional offices and the inter
university centres. The relationship and the functioning of the UGC vis-a-vis other regulatory
authorities like the All India Council for Technical Education and National Council for Teacher
Education in the higher education sector will also be looked at.

A similar assessment will be made of the regulatory space that the UGC has. There is a sense that the
regulatory functions of the UGC have taken a back seat when compared with its grant-giving
exercise.

The committee will recommend changes to ensure that there is a balance between the two.
Transparency in functioning, revamping the grantdisbursing function to introduce effectiveness and
efficiency for timely utilisation of grants and the introduction of performancebased system of
release of funds in line with the Rashtriya Ucchatar Shiksha Abhiyan are other aspects the
committee will look at.

The commission's grants-disbursal functions have been rather limited, as not all universities and
colleges, particularly those set up by states, are eligible for UGC grants.

"The government's scheme to augment universities and colleges in the state sector, Rashtriya
Ucchatar Shiksha Abhiyan, has dented the importance of the UGC's grant disbursal function," an
official said.

The growth of the sector with private players and the possible entry of foreign education institutions
have meant that the UGC would need to expand its regulatory functions. The commission was
formally set up by an Act of Parliament in 1956, and is the statutory body for the coordination,
determination and maintenance of standards of university education in the country.

However, it had already been in existence since 1952 at which time the function of allocating public
funds to central universities and other universities was entrusted to the UGC. Over the years, despite
the changes in the higher education sector, the Commission's emphasis has continued to be on its
grant-disbursal functions.


More from the web
The Incredible Story of How One Company is Teaching Finance Skills and Citi Blog
Japan trying to cool Sri Lanka's ardor for China Nikkei Asian Review
Xiaomi looking to wow world with latest handset Nikkei Asian Review
Grow IT Infrastructure Without Making a Costly Investment VMware
5 Ideas to Supercharge Your Retirement Savings Citi Blog
The LCD Effect: More Electronics in Homes but Less Power Consumed, Report Roll
Call
More from The Economic Times
Indias fundamentals are in place for profitable growth: Aisha De Sequeira 04 Aug 2014
Narendra Modi offers $1 billion credit to Nepal 03 Aug 2014
PMO tasking Planning Commission with turning Modis social sector vision 04 Aug 2014
UGC opens all its scholarships for third gender candidates 03 Aug 2014
Gujarat CM Anandiben woos RSS, introduces new textbooks & enforces dress 26 Jul
2014
Draft Regulatory Bill may be taken up in winter session 23 Jul 2014
Recommended by
READ MORE ON University Grants Commission | UGC | Smriti Irani | Jawaharlal Nehru University | Chancellor
PREVIOUS STORYPolicy review: RBI may focus on easing fund flow, hold rates
NEXT STORYPMO tasking Planning Commission with turning Modis social sector vision into reality
Follow this section for latest news on Policy


Have something to say? Post your comment
Comments are moderated and will be allowed if they are about the topic and not abusive.

Characters remaining (1500)
Readers' opinions (1)
NEWEST
OLDEST
MOST DISCUSSED

Godfather Senior (Mumbai)
3 Days ago
That's how the governments functions are taking place since first general elections! It is merely a ritual and practice than
any meaning and accountability for the agencies that never saw any major change other than its head rolling often! UGC
too needs to be modernized from the conservative clutches.

Agree (0)Disagree (0)Recommend (0)Offensive
INFOCUS ON ET TODAY
TOP STORIES

Time Warner seeks to reassure investors
In a conference call with analysts after the release of its earnings, Time Warner's chief executive refused to
discuss Fox's offer.

MH17 search suspended over security issues

Minors can be tried as adults for heinous crimes

Sponsored Article - Toshiba is about people

Fresh polls in Delhi: Why BJP is not so keen
PERSONAL TECHNOLOGY






7 ways to create better, stronger passwords

The best tablets for professional use

Is Obi Octopus S520 a threat to other smartphones?

Sony Cyber-shot RX100 III delivers high-quality results

9 hot gadgets launched in India recently

10 below Rs 15,000 smartphones catching the eye in July

10 apps that will make your Android phone better

Clever hacks you can do with your everyday gadgets

7 things you didn't know you could do with your iPad

10 easy tips to protect your Android device

Can Panasonic Eluga U take on Galaxy Grand 2?

Sony Xperia T3 launched at Rs 27,990

12 tricks to make your iPhone run faster

Asus ZenFone 5 review: Worth Rs 10k?

ET Review: LG G3, the next Android King!
EMERGING ENTERPRISE






From Rs 50 to Rs 40 cr: Abhishek Rungta's Indus Net Tech flourishing in web designing

How engineer Pranesh Padmanabhan built a photography firm worth Rs 46-lakh

How Nitin Shah built a Rs 1000 crore fire protection company from less than Rs 20 of his own

Dogspot.com: Rana Atheya's Rs 4-crore co which started as a website for pet lovers

How Lovleen Bhatia turned Edureka into a Rs 30 crore venture in 4 years

Foradian Technologies: How 6 childhood friends are making big bucks from the educational
venture

Sundev Appliances: Balasubramanian's Rs 28 crore company started with a seed capital of Rs 5
lakh

Rajiv Kumar came back from US; built Manusis Tech, a Rs 2 cr mobile and web app firm

How Digvijay Dhabriya built Rs 101 cr PVC manufacturing brand with sheer grit

Aspiring investors log onto online deal platforms to back new ideas

Microsoft, Intel to provide technology for Notion Ink

Blumerq: Thirukkumaran's Rs 5.5 crore firm woos youth with music-themed clothing

BlackNGreen: Rahul Gupta's Rs 61 crore company offers value-added products & services

Social worker Gayathri Vasudevan's LabourNet helping the unskilled labour

How Sandeep Sabharwal built a Rs 1,100 crore commodity management firm
Get a Quote

Get Quote

Browse Companies
ABCDEFGHIJKLMNOPQRSTUVWXYZ|123456789
Home|News|Markets|Personal Finance|Mutual Funds|Infotech|Jobs|Opinion|Features|Videos|My Portfolio|Budget 2014
Live Market
News
Portfolio
Mobile
Live TV
Newsletter
Commodities
Speed
QnA
Blogs
Alerts
Other Times Group news sites
Times of India|
|Mumbai Mirror
Times Now|Indiatimes
|
|Lifehacker
Gizmodo|Eisamay|IGN India
NavGujarat Samay
Living and entertainment
Timescity|iDiva|Bollywood
Zoom|Healthmeup|Luxpresso
Technology|Guylife|Online Songs|Travel Guides|Hotel Reviews|Go Cricket
Networking
itimes|Dating & Chat|Email
MensXP.com
Hot on the Web
Daily Horoscope|Weather in Delhi
Live Cricket Score|Horoscope
India vs England Live Scorecard|Cricket Scorecard
Services
Book print ads|Online shopping|Free SMS|Website design|CRM|Tenders
Matrimonial|Ringtones|Astrology|Jobs|Property|Buy car|Bikes in India
Used Cars|Online Deals|Restaurants in Delhi|Movie Show Timings in Mumbai
Remit to India|Buy Mobiles|Listen Songs
About us/Advertise with us/Terms of Use and Grievance Redressal Policy/Privacy Policy/Feedback/Sitemap/Code of Ethics
Copyright 2014 Times Internet Limited. All rights reserved.