The committee will meet on January 16 in run up to the preparation for annual convocation that is scheduled either in the second or third week of February, noted P S Yadapadithaya, vice-chancellor. “The Syndicate was of the opinion that the gold medal must be in conformity with guidelines laid down in the statute governing their award to meritorious candidates,” he said, adding the faith that students repose in the university cannot be belied.
The university as on date awards 46 gold medals with the gold medal instituted by The Institute of Company Secretaries of India under its Signature award scheme being the latest one. The university also awards 75 cash awards to meritorious students. Yadapadithaya said the corpus set aside by individuals/institutions for award of gold medals does not yield adequate interest for the university to confer a gold medal, which is then converted to cash award.
“We have made a request to such donors to increase the corpus amount to facilitate the gold medals to be continued,” he said, adding there has been mixed response to this request. The Syndicate to address this issue has also decided to revise the corpus amount every five-years to take in to account the fluctuating rate of gold, he said. Gold assayer will certify the quality of medal that the successful bidder for the tender floated for the purpose presents.
A M Khan, registrar said the university usually has a third-party appraiser to check the quality of materials purchased by it for various use and if it is in conformity with conditions prescribed and certification of gold medals is a new addition to it. V Ravindrachary, registrar (evaluation) said the gold medal that university awards consist of 25-gram silver medal base with 1gram 300 milligram of gold coating and this has been the standard for some time now.