With the rise of knowledge economy, the economic development is dependent upon the production, appropriation, profitization, and distribution of knowledge. When knowledge becomes capital, its dissemination in the society out of benevolence of the universities becomes uncertain. It is because the linkages between the economy and the universities’ core activities of teaching and research have become strong as never before, their linkages with the community and society at large have become blurred. By unravelling the national and international discourse on university social responsibility and related constructs, this chapter shows the importance of university-society linkages in the current economic paradigm, reinstituted not just through a few departments and clinical programmes of the universities but also through their core activities of teaching and research.