Proposed South Asian University has a initial five year budget of $300 million (Rs 1500 crores); India approves its share of $240 million
July 3rd, 2009
Following is an excerpt from a report in sify.com.
The government Thursday approved payment of $239.93 million to the South Asian University, which is scheduled to begin functioning in the national capital from 2010.
The union cabinet Thursday approved payment of $239.93 million to the varsity, which is around 79 percent of the total cost of the full establishment of the University until 2014.
…The jurisdiction of the varsity shall extend to whole of India and to campuses and centres established outside India in the SAARC region.
At least 100 acres of land next to Indira Gandhi National Open University (IGNOU) is being acquired by the ministry of external affairs from Delhi Development Authority (DDA) for leasing to the university.
Entry Filed under: India