Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Sibal relents, says ready for dialogue with IIT faculty
Press Trust of India / New Delhi Sep 24, 2009, 17:41 IST

As the IIT professors resorted to the unprecedented step of day-long hunger strike today over pay issue, HRD minister Kapil Sibal said he is open to have any kind of dialogue with them to discuss their demands but ruled out world class salaries due to lack of resources.     

"We will be too happy to discuss anything..... I am ready to give them any autonomy they want," Sibal said in an interview when asked to comment on the strike undertaken by around 1,500 teachers of the premier educational institutes.     

He contended that he believed in dialogue but made it clear that he was upset by the "ultimatum" of October one set by the protesting faculty to address their grievances.     

Sibal said the government would not interfere in the affairs of IITs but that too much of luxury in terms of salaries would not be allowed.     

India has to work under "some constraints" and it cannot afford the same kind of freedom or salaries which other developed countries like the US can afford, the minister said.     

"America is a four Trillion Dollar economy with 280 million people. It can afford to have the kind of quality private universities it has and give kind of freedom, money, salary that is given there. But if you look at my budget, it is insufficient to meet the needs of a knowledge society....We must understand each other, the constraints of the government.....We need to get together to work the system out," he said.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets post worst May performace since 2006
- Kavveri Telecom Q4 net declines over 6%
- Wall Street opens flat on economy worries
- RIM to set up first BlackBerry innovation zone in India
- Rajaratnam bragged about sources of inside info: Gupta lawyers
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- NDA-led bandh turns violent in Bangalore
- Investors wary as Flipkart shows growth pangs
- Army chief slams BEML on Tatra, awards it Rs 1,500-cr deal
- Kingfisher Airlines Q4 loss more than trebles
- Wealthy clients turned tables on UBS and staff?
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us