The Union Cabinet Friday gave its approval for amendments to the Nalanda University (Amendment) Bill, 2013 in a bid to further fine tune its governance structure.
The Cabinet has decided to set up a Committee comprising officials from the Department of Economic Affairs, Ministry of External Affairs, Ministry of Finance, Ministry of Urban Development, Human resource Development and Planning Commission, to sort out issues arising out of the differences between various arms of the government over granting complete financial freedom to the Nalanda University. On the contentious issue of applicability of General Financial Rules to the institution, thispanel will consider variants for the varsity to ensure its autonomy is not impinged upon.
An Ordinance route may also be considered for the amendment Bill. The proposed amendments will enable the government to meet the capital expenditure for setting up the Nalanda University off Rajgir in Bihar and also make it possible to meet its recurring expenditure. The Cabinet Committee on Economic Affairs (CCEA) had last month approved a Rs 2,727 crore capital and recurring expenditure for the Nalanda University from 2010-22. The amendments also propose to allow the Vice Chancellor of the University to function as Member Secretary of the Governing Board of the varsity instead of the Registrar. That apart, it provides for the Nalanda Mentor Group to exercise its powers until the Governing Board is formed. The amendments also add to the description of the varsity calling it a “non-state, non-profit, self-governing international institution having academic freedom for attainment of these objectives”.