India, Nov. 13 -- New Delhi

Delhi University's executive council passed its 103rd annual report for the 2025-26 academic session on Thursday, amid criticism from elected members over the university's increasing reliance on Higher Education Financing Agency (HEFA) loans.

Citing figures from the university's balance sheet, EC members alleged that growing dependence on debt could turn the institution from an autonomous, state-funded body into a debtor entity, paving the way for its commercialisation and eventual privatisation.

"The balance sheet of DU as March 31, 2026, reveals that this reliance on debt financing is not merely a temporary liquidity measure, but a structural trend that fundamentally threatens DU's public character," the d...