Monday, February 28 2005 17:49 Hrs (IST) - World Time -

New Delhi: The Finance Minister P Chidambaram has announced that the Indian Institute of Science (IISc), Bangalore would be made a world-class university.

A one-time grant of Rs 100 crore (Rs 1 billion) has been proposed.

Finance Minister P Chidambaram announced the Union Budget 2005-06 in Parliament today (Feb 28, 2005).