India, April 29 -- The Institute of Chemical Technology (ICT) is considering relinquishing its 'deemed-to-be university' status, citing a lack of financial benefits under Central Government schemes. A proposal is expected to be placed before its Board of Governors, with a final decision to follow.

The deemed status grants institutions academic autonomy, including the freedom to design curricula, conduct examinations, award degrees, and access research funding. However, ICT officials say the designation has not translated into tangible financial support.

"Despite the autonomy, the institute has not received funding under any Central schemes. In fact, the status has limited access to certain funding avenues," a senior official from the hi...