Government scraps â¹8700 crore-funding project for IITs
The Finance Ministry has turned down the â¹8700-crore Vishwajeet project for IITs to upgrade their infrastructure, hire foreign faculty members, and tie up with international institutions. The Finance Ministry reportedly asked IITs to first address "fundamental issues" such as the autonomy to fix fees, raise resources from corporate houses and alumni members, and strengthen existing schemes. 