India, Dec. 31 -- The financial functioning of private and deemed universities across the country is set to come under close scrutiny, following directions issued by the Supreme Court seeking detailed information on their operations. The move is expected to expose irregularities in institutions allegedly functioning under the guise of the 'no profit, no loss' principle.

The apex court has sought comprehensive data on whether self-financed and deemed universities are genuinely operating on a non-profit basis, whether funds are being diverted for personal or family use of promoters, and whether basic norms such as grievance redressal mechanisms and minimum wages for staff are being followed.

The directions were issued in connection with a...