Rs 2-cr banking chair at MU

I was intrigued to find out that two of Indias leading business houses had given huge donations to Harvard University and not to any Indian university

I was intrigued to find out that two of Indias leading business houses had given huge donations to Harvard University and not to any Indian university, Chief minister Prithviraj Chavan said at an event at the University of Mumbai (MU),Fort campus on Thursday. Chavan was the guest of honour at the event for signing the Memorandum of Understanding (MoU) between the Indian Merchants Chamber (IMC) and the university.

The MoU was signed to launch a Rs 2-crore chair dedicated to banking and finance. The chair is named after the former Dena Bank chairman and Federation of Indian Chambers of Commerce and Industry (FICCI) and IMC president Pravinchandra V Gandhi. The idea to set up a special chair and research centre in Mumbai University was suggested by Chief Minister Chavan. It was due to the suggestion given by the honourable Chief Minister that the Pravinchandra V Gandhi Chair in Banking and finance has become a reality, said IMC chief Dilip Dandekar.

Chavan in his address during the event pointed out that financial support and funding from the non-governmental resoursces can prove to be of great help in the education sector. He said,The society have given a lot to us. We all should think of returning it to the society some way or the other. Why cant donations be made to Indian universities… so I suggested a delegation of IMC to come up with an initiative to create special research centres at universities in our state and the state government shall come up with a grant matching that initiative. Chavan added,Even the Central government gives support to various field of science. However,humanities,often end up not getting enough support and funding. Endeavours like this would surely make a huge difference and i am really happy about it.

Minister of Higher and Technical Education Rajesh Tope,MU Vice-Chancellor Dr Rajan Welukar,Board of Colleges and University Development director Dr Rajpal Hande were also present.

The primary objective of this chair is to encourage applied and empirical research of high standards and will cater to research needs of the banking and finance sector with a view to gain an insight and broad perspective in these areas. It will also help train and develop highly qualified individuals in field of banking and finance. Dr Welukar said, My expectations with this chair is that whatever research or study is conducted under it,should be disseminated to the society for the future development.

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Rs 2-cr banking chair at MU

I was intrigued to find out that two of Indias leading business houses had given huge donations to Harvard University and not to any Indian university

I was intrigued to find out that two of Indias leading business houses had given huge donations to Harvard University and not to any Indian university