Archaic rules on funding education institutes must change: Murthy

Infosys Founder Narayana Murthy said some "archaic rules" on funding of educational institutions have to change. "Even today, an entrepreneur cannot donate shares," he said. "In 1995 my wife (Sudha Murty) gave shares worth ₹4.5 crore to Indian Institute of Science (IISc). Today it would be around ₹300 crore if only government had allowed them to hold it," he added.

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