Cabinet approves amendments to Nalanda University Amendment Bill

The Government of India has approved an expenditure of Rs. 2727.10 crore for the period 2010-11 to 2021-22 in order to meet the University`s budgetary requirements during its establishment phase.

A number of participating countries, such as China, Thailand, Laos, Singapore, Australia, and Japan have either made or offered voluntary contributions.

The provisions of the Nalanda University (Amendment) Bill, 2013 and the amendments suggested by the Standing Committee do not involve any additional expenditure.

The jurisdiction of the University shall extend to the whole of India and to centres established within or outside India. The University is an international institution of national importance.