The cash-strapped University of Mysore will constitute a committee to revise its frameworks and regulations governing the institution of gold medals and cash prize consequent to severe erosion in the value of the endowments instituted by well-wishers decades ago.
This was decided at the University Academic Council meeting here on Friday, November 10, which was chaired by Vice Chancellor N.K. Loknath.
The subject came for discussion and a section of the council members including Prof. M.A. Sridhar questioned the rationale of accepting endowment funds and instituting medals in the name of persons not connected to the subject. If the medals were instituted in the names of scientists and scholars who have made a contribution to the subject it will carry more weight, he added. He pointed out that there was no medal per se issued by the University of Mysore and suggested that medals be instituted by the varsity itself stating that it would carry more weight.
