Odisha HRD

ICFAI University bill passes in Odisha assembly with minor ammendments

June 24th, 2010

Following are excerpts from a report in tathya.in.

The Institute of Chartered Financial Analysts of India (ICFAI) University Bill received the green signal of the Odisha Legislative Assembly (OLA) today.

… Debi Prasad Mishra, Minister Higher Education piloted the Bill, which was introduced in the Monsoon Session of the Thirteenth Assembly.

Mr.Mishra agreed few changes in the Bill and it was passed after discussion.

… According to latest accommodation, two Members of the House and Secretary of the Department of Higher Education(DHE) will in the Board of Management(BOM) of the University.

Mr.Mishra also agreed to the proposal for granting concession to students belonging to ST, SC and OBC students.

Assembly asked the ICFAI authorities to prepare Fee Structure on the Guidelines of University Grants Commission (UGC) and other regulatory bodies.
Similarly the Endowment Fund will be raised to Rs.5 crore, which was Rs.3 crore.

… With the Bill cleared , now the Hyderabad-based ICFAI would invest Rs 150 crore in setting up a university in Odisha.

The university would have strength of about 1,500 students and offer courses in various disciplines like engineering, management, law, science and humanities. 

… ICFAI has identified 30 acres of land between Bhubaneswar and Khurda for setting up its proposed university.

Entry Filed under: Bhubaneswar-Cuttack-Puri- Khurda area (1),ICFAI University, Bhubaneswar