With the big announcement of its business plan, Jio Institute, a proposed institute by Reliance Foundation, it has stunned a lot of people already. But clearly, this does not seems enough!Mukesh Ambani’s Reliance Foundation has now come up with the first official member of its institution which is not even built yet. The company has pitched a name of Raghunath A Mashelkar, an eminent Indian scientist to take the post of Chancellor for the non-existent Jio Institute.The scientist currently heads the National Innovation Foundation under the Department of Science and Technology, Government of India.Vice-Chancellor of Jio Institute selectedNot only this, the yet to be established Jio Institute has also got its Vice-Chancellor as per Indian Express report. Dipak C Jain who is the former director of Sasin Graduate Institute of Business Administration in Bangkok has been featured in the list of the institute.About Raghunath A MashelkarRaghunath A Mashelkar is a chemical engineer who served as Director-General of the Council of Scientific and Industrial Research (CSIR) from 1995 to 2006He was also a member of the Prime Ministers Scientific Advisory Council from the years 1988 to 1990 and 2004 to 2014After retiring as the chief of CSIR in 2006, Mashelkar had joined Reliance Industries in 2007 as an independent member of its board and since then he has been associated with Reliance FoundationOther members for the instituteJio Institute will also have the Provost, Dean Research, Executive Vice President and nominees of the GC and Reliance Foundation as its members as per the Indian Express report.advertisementRs 100 crore from 1,000 students: Business Plan Recently, Jio Institute had announced their business plan to take students’ fee and earn from their tuition and hostel fee which will be paid by roughly 1,000 students in the first year of operation of the institute.According to their plan, it has projected to earn Rs 100 crore by the students’ money.This is how Jio Institute plans to spend this money?Operating expenditure for the first year: Rs 154 croreSalaries and benefits meant for faculty and staff: Rs 93 croreJio Institute to hire teachersAccording to the Reliance Foundation’s claim, it will hire teachers from the top 500 global universities.Seats and the courses proposed by the instituteAccording to its proposal, Reliance Foundation’s Jio Institute is planning to offer various courses with the following seats:Natural Sciences: 300Engineering and Computer Science: 250Humanities: 200Management and Entrepreneurship:125Law: 90Media and Journalism: 60Performing Arts: 50Sports Sciences: 80Urban Planning and Architecture: 50Non-existing Jio Institute gets into controversy on twitterPrakash Javadekar had announced Jio Institute to be included in the list of Eminence on July 9 this year. This rose twitter users to react over how a proposed university can be qualified for the Institute of Eminence tag.Many Twitter users had deeply criticized the move and questioned MHRD for Jio Institute being awarded the status.Few cartoonists shared their cartoons on Jio Institute in a satirical manner on platforms like Facebook and Twitter.Later, MHRD had released a document claiming the parameters under which Jio Institute became the ‘Institute of Eminence.’However, MHRD couldn’t convince people with the clarification provided on Jio Institute on twitter.