Daily Current Affairs 2021 Govt approves the country's first Rail and Transportation University | Daily Current Affairs 2021

Govt approves the country’s first Rail and Transportation University

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Aiming to set up a full scale institution to impart skills to Railways, the Union Cabinet today approved the Ministry of Railways’ initiative to set up the first ever National Rail and Transport University (NRTU) in Vadodara
The new venture, will be a catalyst for transformation of rail and transport sector towards New India.

The National Rail and Transportation University will be set up as a Deemed to Be University under de novo category as per the UGC [Institutions Deemed to be Universities] Regulations, 2016, said the statement.

Government is working towards completing all approvals by April 2018 and to launch the first academic program in July 2018.

A not-for-profit Company under Section 8 of the Companies Act, 2013 will be created by the Ministry of Railways which shall be the Managing Company of the proposed university. The company will provide financial and infrastructural support to the university, and appoint Chancellor and Pro-Chancellor of the university. Board of Management, comprising professionals and academics, shall be independent of the Managing Company with full autonomy to perform its academic and administrative responsibilities.

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