IIT Mumbai go bankrupted…This is really astonishing to read…I could not believe my eyes when I read this. IITs are the premier or the creamest institution for technological reseaches but being an Indian it really hurts me to know IITs are going bankrupted. Recently all the 7 IITs have informed our HRD ministry that they are running out of fund and they have also stated that the situation is getting out of hands as IIT Pawai can not even give salary to their staffs. Although these IITs are getting a considerable funs and donations from abroad but still the fund crunch raised. In the latest discussion the heads of the respective IITs have suggested HRD ministry to grant a Rs.20 crores fund to each of the IITs to meet the needs. Lets see is this at all help those premier institutions to hold back the fund again.

 

Source:Yahoo News!