Updated on: Friday, March 01, 2013
With an aim of providing support to institutions of excellence, Finance Minister P. Chidambaram pledged a grant of Rs. 100 crore each to Aligarh Muslim University, Banaras Hindu University, Tata Institute of Social Sciences and Indian National Trust for Art and Cultural Heritage.
In another important proposition, the Minister spoke of providing Rs. 532 crore to modernise postal network as a result of which post offices will become part of the core banking solution and offer real time banking services.