Editorial Analysis || A helping hand for Indian universities

• The future of Indian universities (public and private) will significantly depend upon our ability to harness the possibility of individual, institutional and corporate philanthropy for the purposes of higher education.

• Companies Act, 2013: had the potential to transform the relationship between business and society.

• Ministry of Corporate Affairs: 3,118/5,097 contribution for CSR

• There has been very little strategic thinking and innovation in the CSR

• Companies in India have generally not understood the larger goals of CSR

• Every aspect of a university’s growth requires substantial financial
resources:

1. hiring of world-class faculty;

2. developing research centres;

3. funding research projects;

4. having rewards and incentives for faculty publications;

5. building physical infrastructure;

6. making available scholarships for students;

• Narayana Murthy Committee recommendations


a. acknowledged the importance of stronger private initiatives


b. free land for 999 years


c. 300% deduction in taxable income to companies for contributions towards boosting higher education


d. 10-year multiple entry visas for foreign research scholars


e. ₹1,000 crore scholarship fund (with the tax exemption for corporate sector contributions) to promote greater accessibility of higher education to the underprivileged

• The government has initiated five major reforms in the areas of regulation, accreditation, rankings, autonomy and internationalisation.

• Marginal increases in budgets and creative reallocation of resources to show more spending on higher education are not going to help.

• Higher education and universities (private or public) by their very nature ought to be not-for-profit and established through philanthropy.

Link: https://tt93a.app.goo.gl/Vngkh2kzjqFbG9uy7

Share article