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FOUNDING TEAM OF IAABS ( 2015)

FEE COMMITTEE

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The Regulator is also said to apprise the Ministry of HRD about the implications of adhereing to the Srikrishna panel suggestions. The panel recommendations inter alia provides for a drastic cut in the total fee being charged at present by the higher education institutions engaged in engineering and management education. The fee panel recommendations if implemented would affect quality of delivery in the top engineering and management institutes as the expenses today cannot be met by the proposed fee reduction by the panel.

The IAABS leadership had earllier met the AICTE chairman and apprised him of the effect of the fee committee recommendation among other concerns. We would request the member schools and other business schools, engineering colleges and University departments that would be affected by the fee to submit their suggestions for preparing a memorandum to be submitted to the AICTE and MHRD.

Institutions of Eminence

continued from home page........The institutions would have the freedom to offer courses within a program as well as to offer degrees in newer areas, including inter-disciplinary ones, after approval of its Governing Council and broadly conforming to the minimum prevailing standards which shall be intimated to the Commission or Professional Regulatory Councils.

The institutions of Eminence will have the flexibility of course structure in terms of number of credit hours and years to take a degree, after approval of their Governing Council and broadly conforming to the minimum prevailing standards.

f. The institutions of Eminence shall have complete flexibility in fixing of curriculum and syllabus, with no UGC mandated curriculum structure.

g. The lnstitutions of Eminence will have freedom to offer online courses as part of their programmes with the restriction that not more than twenty percent of the programme should be in online mode.

However, this twenty percent restriction would not preclude the institutions from offering certificate courses entirely through online mode. h. institutions would have the freedom to recruit faculty from outside India subject to the limit of twenty five percent of its faculty strength.

i. The institutions of Eminence will be permitted to hire personnel from industry, etc, as faculty who, though being experts in their areas, may not have the requisite higher academic qualifications.

j. Academic collaborations with foreign higher educational institutions ranked in top 5OO in global rankings would be exempt from government approvals, except with institutions from negative list of countries determined by Ministry of External Affairs/Ministry of Home Affairs k. The institutions of Eminence shall be free to enter into academic collaborations with other institutions within the country. . l. The institution of Eminence will have complete financial autonomy to spend the resources raised and allocated, subject to general restrictions of the Statutes and GFR. m. The institution of eminence shall follow the pay scales of that category of public institutions to which they belong. However, they may build in an incentive structure to attract talented faculty, with the condition that the incentive structure would have to be paid from their own revenue sources and not from government funds. n. The institutions will have the freedom to hire foreign faculty/foreign qualified faculty on "tenure/ contract" basis as per the terms & conditions, approved by its governing council