The Cabinet ... approved creation of 30 faculty posts per year in the first three years of establishment of each of the new IITs, besides approving the posts of a director and registrar. A decision was also taken to raise the grade of all existing IIT directors to Rs 26,000 (fixed) from Rs 25,000 now.
It's official! The creation of eight new IITs is a done deal; they are going to be in Andhra Pradesh, Bihar, Rajasthan, Punjab, Orissa, Gujarat, Himachal Pradesh, and Madhya Pradesh. The first six will start their academic session this year itself, while the last two will start in 2009-10.
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In a much awaited development, the Cabinet also approved the conversion of the Institute of Technology at the Banaras Hindu University (IT-BHU) into an IIT. I don't know what the official abbreviation of this IIT is, but Sanjay Dani, an IT-BHU alumnus, created a Facebook group for IIT-Varanasi -- two weeks ago! (And I ended up becoming the second member of this group ;-) It already has over 160 members.
Sadly, I have been badly burnt multiple times on this, and would wait for the proverbial cup to get to the proverbial lip :).
Cautiously optimistic ...
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Here's the press release from the Press Information Bureau.