Hello aspirant 

A  central university is built up by an Act of Parliament and are under the immediate domain of the Department of Higher Education (DHE) under Ministry of Human Resource Development (MHRD). As of February 2017, there are 47 Central colleges in our nation.
Highlights :

Grants degrees to the students

Deemed to be a university
'' Deemed'' is a status of self-sufficiency conceded to a college by DHE under MHRD, on the guidance of UGC. Deemed to be Universities appreciate full self-rule or autonomy in choosing courses, syllabus, admissions and fees. Some Deemed to be Universities can likewise concede degrees all alone. Deemed to-be Universities, which keep on performing admirably, can get the status of a full-fledged University.

As per an UGC merged rundown, there are 123 deemed to-be colleges in the nation.

Salient features:

May or may not grant degrees to the students

Good Luck. 

Hi,

These are the broad differences,

Central Universities

A central university is established by an Act of Parliament and are under the direct purview of the Department of Higher Education (DHE) under Ministry of Human Resource Development (MHRD). As of February 2017, there are 47 Central universities in our country.

Salient features:

Conducts admission procedure

Can decide their own syllabus

Conducts their own exams

Grants degrees to the students

Deemed to be Universities

“Deemed” is a status of autonomy granted to a university by DHE under MHRD, on the advice of UGC. Deemed to be Universities enjoy full autonomy or independence in deciding courses, syllabus, admissions and fees. Some Deemed to be Universities can also grant degrees on their own. Deemed-to-be Universities, which continue to perform well, can get the status of a full-fledged University.

According to a UGC consolidated list, there are 123 deemed-to-be universities in the country.

Salient features:

Conducts their own admission procedure

Can decide their own syllabus

Conducts their own exams

May or may not grant degrees to the students