Cabinet Nod For Privileges To Nalanda University

News Information

The Nalanda University in Biharand its academic staff will soon get privileges and immunities required for efficient functioning and recruit talent from across the world.
The Union Cabinet, at a meeting chaired by Prime Minister 
Manmohan Singh last evening, approved the proposal of signing of a headquarters agreement between the ministry of external affairs and Nalanda University."This agreement would confer on the university and members of its academic staff privileges and immunities considered necessary to provide an overall framework for the efficient functioning and operation of the university, and allow it to obtain talent from across the globe," finance minister P Chidambaramtold reporters here.
The agreement would allow the host country to take necessary steps to protect the university premises against any intrusion or damage and facilitate the work of the university, to be headquartered at Nalanda.
The university, its assets, its income and other property shall be exempted from all direct taxes, customs duties and prohibitions and restrictions on imports and exports for articles imported/exported for its official use.
The agreement also exempts the vice-chancellor and academic staff of the university from 
taxation in respect of their salaries, honoraria, allowances and other emoluments.


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