Whoever thought of calling some of our proposed institutions "World Class Universities" -- just like the one who coined "Institutions of National Importance" -- deserves some serious punishment. I have no idea why we go for, and accept, such insults to other institutions which, going by this terrible terminology, are "mere" universities -- non-world-class and non-nationally-important.
Since the government has proposed creating over a dozen of these beasts (I mean the WCUs), the UGC has drafted legislation with this horrendous title: "Indian World Class University System Act." This draft has been circulated (no, I haven't seen it), and the National Knowledge Commission has responded with suggestions for quite a few amendments. One of them is to call the legislation "National Universities System Act," which is something that's eminently worthy of our support.
There are more substantive recommendations, including a demand for autonomy for these proposed universities, another about small governance mechanisms, and a suggestion that this Act be applicable to universities that may be created by non-profit organizations.
The NKC missive -- which is just three pages long -- is here. Do check it out.