- JPC examines a bill to replace the University Grants Commission and AICTE, with Purandeswari heading the panel.
- The UGC monitors higher education institutions in India, operating under the oversight of the Central Government and reporting compliance issues to Parliament.
UGC holds funds for central university operations, while RBI handles fund transfers for staff salaries.
1 report, 1 independent
Updated Aug 3
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What happened
UGC holds funds for central university operations, while RBI handles fund transfers for staff salaries.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The UGC monitors higher education institutions in India, operating under the oversight of the Central Government and reporting compliance issues to Parliament.Also in this story
- An audit found financial irregularities and governance lapses at IIM Rohtak, which ignored UGC guidelines during expansion.
- Management failed to remit funds to the EPF account, while teachers demanded conversion to consolidated pay per UGC norms.
- The University Grants Commission investigates fraudulent educational claims and institutes involving EdTech companies and HEIs.
The entities involved
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University Grants Commission
Indian government agency
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Reserve Bank of India
central bank of India
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- The Reserve Bank of India is driving financial policy in India while Mitsubishi UFJ Financial Group operates within the country.
- A state entity is implementing pay raises based on recommendations made by the University Grants Commission.
- Swaminathan addressed a conference organized by the Reserve Bank of India on September 2, 2026.
- Axis Bank partnered with Citigroup to finance NRI investments in India, aiming to attract foreign currency and strengthen reserves.