Finance Ministry nod for institute for peace, development

New Delhi: A proposed institute to be set up in the national capital in collaboration with UNESCO for promotion of peace and sustainable development in the subcontinent Monday got the approval of Finance Ministry.

The Expenditure Finance Committee (EFC) under the Finance Ministry gave its nod for establishment of Mahatma Gandhi Institute of Education for Peace and Sustainable Development here.

The government will invest Rs 100 crore while UNESCO will put in USD 5 lakh (Rs 2.5 crore) for setting up the institute.

The UNESCO in October last year had given its approval to India's proposal to set up a world-class institute.

The UNESCO Category-I Institute will foster a culture of peace through education and promote sustainable economic and social development and respect for human rights. It will work in several areas, including global warming and non-proliferation.

It will do research on Gandhian thoughts on social justice, equity and peace.

At present, there are 11 UNESCO Category-I institutes and most of them are located in developed countries.