Cabinet approves setting up central university in Ladakh

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THE UNION Cabinet on Thursday authorized the institution of a central university in Ladakh at a price of Rs 750 crore, Minister of Information and Broadcasting Anurag Thakur instructed reporters.

The new establishment, he stated, will right regional imbalances and enhance the standard of upper training in the Union Territory since each Jammu and Kashmir have one central university every. The jurisdiction of this university will cowl the areas of Leh and Kargil.

The Education Ministry is predicted to convey two amendments to the Central Universities Act, 2009 for this objective. According to sources, the modification Bill might be launched in Parliament subsequent week. “If Parliament approval comes through in this session, then the university will come into effect from the date of the notification of the amended Act. Most likely this should happen by next month,” stated a ministry official.

The authorities has recognized 110 acres of land close to village Khaltsi, which is situated between Leh and Kargil. “The university’s location has been decided in such a way that both Leh and Kargil can benefit from this institution,” stated the ministry official, including that the university’s title might be determined quickly.

The Union Cabinet’s determination is in line with Prime Minister Narendra Modi’s announcement throughout his Independence Day speech final 12 months.

“Being built with a cost of ₹750 crore, the central university in Ladakh will help ignite the intellectual prowess of the local youth, facilitate creation of a knowledge-based society and promote overall growth and development of Ladakh, Leh & Kargil regions,” Education Minister Dharmendra Pradhan tweeted.

The Cabinet on Thursday additionally authorized an built-in multi-purpose company in Ladakh. “This corporation will look after development of industries, tourism, transport services in Ladakh and marketing of local products and handicraft. It will also aid infrastructure development and will function as the primary infrastructure construction agency in Ladakh,” Thakur stated.

The company might be fashioned below the Companies Act with an authorised share capital of Rs 25 crore, he stated, including that the annual outlay for it is going to be Rs 2.42 crore. The company will drive improvement efforts in the area and create job alternatives there, the minister stated.

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