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New Delhi, March 27 The Cabinet on Thursday gave its nod to increase the block grant for the seven Indian Institutes of Technology (IITs) and Indian Institute of Science (IISc), Bangalore, from 2007-08. This would be over and above the level approved by the Cabinet in June 2005, by an ad hoc amount.

According to an official statement of the increased amount, Rs 73 crore will be released during 2007-08. The balance increase of Rs 72.5 crore due for 2007-08 will be released in 2008-09 along with the ad hoc block grant for the financial year 2008-09. The Cabinet also gave its approval for undertaking of comprehensive exercise, ahead of time to revise the block grant scheme in a rational manner. “This decision will help in restoring the financial health of IITs and IISC, Bangalore,” the statement said.

In another decision the Cabinet has given its approval to set up an Ayurveda and Homoeopathy institute at Shillong in order to promote traditional medicines in the north eastern region. The autonomous organisation under the Department of AYUSH would be set up at a cost of Rs 67.51 crore, an official statement said.

“The decision will facilitate promotion of Ayurveda and homoeopathy, expansion of healthcare, improvement in the doctor-population ratio and the research and development on bio-resources in the North East,” it said. There are 225 Ayurveda colleges and 181 homoeopathy college in the country, out of which only one ayurvedic college in Assam and three homoeopathy colleges in Assam and Arunachal Pradesh are in the North-East.

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