Explain the role of University Grants Commission (UGC) in the management of higher education.
India's higher education system is the third largest in the world, after china and the United States. In Future, India will be one of the largest education hub. The University Grants commission (UGC) came into existence on 28th December, 1953 and became a statutory body of Government of India by an Act of parliament in 1956. For the co-ordination, determination and maintenance of standards of University education. For the purpose of performing its functions, the commission may Allocate and disburse, out of the fund of the commission, grants to universities and colleges for the maintenance and development, Advise central Government, State Governments and Institutions of higher learning on the measures necessary for the promotion of university education, Make Rules and Regulations consistent with Act, etc. As per section 18 of the UGC Act, the commission shall prepare once every year an Annual Report, giving a true and full account of its
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