Classification
The definition of a university varies widely even within some countries. For example, there is no nationally standardized definition of the term in the United States although the term has traditionally been used to designate research institutions and was once reserved for research doctorate-granting institutions. Some states, such as Massachusetts, will only grant a school "university status" if it grants at least two doctoral degrees. In the United Kingdom, the Privy Council is responsible for approving the use of the word "university" in the title of an institution, under the terms of the Further and Higher Education Act 1992. In India, a new tag deemed universities has been created for high performing universities, giving them additional autonomy. Through this provision many universities sprung up in India, which are commercial in nature and have been established just to exploit the demand of higher education.
Read more about this topic: University