GOOD DAYS FOR IIIT's
  The government on 18th of March 2013 introduced the Indian Institute of Information Technology (IIIT) Bill, 2013, in the Lok Sabha, which wants to establish 20 such institutions (new IIIT's) in partnership with the private sector.
 
Once approved by Parliament, the law will give IIIT's, including the four existing ones (IIIT Gwalior, IIIT Allahabad, IIIT Jabalpur, IIIT Kancheepuram), the status of institutes of national importance (INI) on a par with Indian Institutes of Technology (IIT) & Indian Institute of Management (IIM).
 
The cabinet had cleared the Bill on 17 August. The IIITs will be established with an initial investment of Rs.128 crore. While half of the investment will be made by the central government, 35% of the cost will come from the states and remaining 15% from industry partners.
 
The government had set up four IIITs in Gwalior, Allahabad, Jabalpur and Kancheepuram in the 11th Five-year Plan that ended on March 2012. These institutes are now considered deemed universities, given through an executive directive, whereas national importance or central university statuses are legislative decisions.

http://www.livemint.com/Politics/362Z6ba08vdXWan9xf4igL/IIIT-Bill-introduced-in-the-Lok-Sabha.html