The Universities for Research and Innovation Bill, 2012 was introduced in the Lok Sabha on May 21, 2012 by the Minister of Human Resource Development, Kapil Sibal. The Bill seeks to allow the central government to set up Universities for Research and Innovation through notifications. These universities shall be enabled to emerge as hubs of education, research and innovation. They may also establish campuses in foreign countries.

The key objectives of the universities are: (a) to aspire for attaining the pinnacle of knowledge by innovations in design; (b) to attempt through research to provide a path for mankind free from deprivation; (c) to provide society with innovators to meet its knowledge needs; (d) to be transparent in admission, appointment and academic evaluation; and (e) to build linkages with research institutions and industry.
The universities shall determine the standard of education it will be providing and display the information on its website. If there is a dispute between the university and a statutory authority, it shall be referred to a committee consisting of a nominee of the statutory authority, a nominee of the concerned university and a nominee of another university of research and innovation. The decision of the committee shall be final and binding.
These universities shall have autonomy in matters such as awarding degrees and diplomas, appointing teaching and research faculty and determining fees to be paid by students and salary to be paid to the faculty. It can define standards of admission to the university.

Universities for Research and Innovation Bill, 2012