<p>Presenting a deficit budget of Rs 5.73 crore at a meeting of BU Academic Council here on Wednesday, Vice-Chancellor N Prabhu Dev said that the varsity would have to “shore up its resources” to meet the proposed expenditures. <br /><br />BU expects total receipts of Rs 210.55 crore whereas the total expenditure is estimated to be Rs 216.28 crore. According to S A Razvi, BU Finance Officer, the deficit of Rs 5.73 crore will have to be “adjusted” through various means, including cutting some of the expenditures, getting more grants, etc. <br /><br />Forty per cent or Rs 68.27 crore from BU’s coffers would go towards paying salaries of all teaching and non-teaching staff whose services have been regularised, Razvi added. The university would get funds under six heads of account - General Fund, Capital Project Fund, Research Project Fund, External Services Fund, Employees Provident Fund, and Endowment Fund. BU would get as much as Rs 168.49 crore under the General Fund. <br /><br />“Meagre” grant<br /><br />Expressing unhappiness over what he termed a “meagre” grant of Rs 46 crore for BU in the State government’s budget for 2011-12, Dev said there was a shortfall of Rs 22.27 crore. The total expenditure on salaries, honoraria, and lecturers would be Rs 74.81 crore as against the proposed cost of Rs 68.27 crore. <br /><br />The budget estimates are not without some feel-good measures. Every PhD student whose annual income is less than Rs 11,600 and who has a BPL ration card will get a monthly scholarship of Rs 5,000 for 10 months. For this, BU will set aside Rs one crore. <br /><br />Smart card for students<br /><br />Rupees five lakh would be spent on motorised tricycles for physically challenged postgraduate students. <br /><br />The smart card and e-governance project would cost BU Rs 1.44 crore. Each UG and PG student will be given a smart card that would have details of their attendance, past performance, marks cards, degree, subject-wise performance, etc. Each card will cost Rs 168. <br /><br />To improve the university’s research output, the University Scientific Instrumentation Centre (USIC), will be set up. <br /></p>
<p>Presenting a deficit budget of Rs 5.73 crore at a meeting of BU Academic Council here on Wednesday, Vice-Chancellor N Prabhu Dev said that the varsity would have to “shore up its resources” to meet the proposed expenditures. <br /><br />BU expects total receipts of Rs 210.55 crore whereas the total expenditure is estimated to be Rs 216.28 crore. According to S A Razvi, BU Finance Officer, the deficit of Rs 5.73 crore will have to be “adjusted” through various means, including cutting some of the expenditures, getting more grants, etc. <br /><br />Forty per cent or Rs 68.27 crore from BU’s coffers would go towards paying salaries of all teaching and non-teaching staff whose services have been regularised, Razvi added. The university would get funds under six heads of account - General Fund, Capital Project Fund, Research Project Fund, External Services Fund, Employees Provident Fund, and Endowment Fund. BU would get as much as Rs 168.49 crore under the General Fund. <br /><br />“Meagre” grant<br /><br />Expressing unhappiness over what he termed a “meagre” grant of Rs 46 crore for BU in the State government’s budget for 2011-12, Dev said there was a shortfall of Rs 22.27 crore. The total expenditure on salaries, honoraria, and lecturers would be Rs 74.81 crore as against the proposed cost of Rs 68.27 crore. <br /><br />The budget estimates are not without some feel-good measures. Every PhD student whose annual income is less than Rs 11,600 and who has a BPL ration card will get a monthly scholarship of Rs 5,000 for 10 months. For this, BU will set aside Rs one crore. <br /><br />Smart card for students<br /><br />Rupees five lakh would be spent on motorised tricycles for physically challenged postgraduate students. <br /><br />The smart card and e-governance project would cost BU Rs 1.44 crore. Each UG and PG student will be given a smart card that would have details of their attendance, past performance, marks cards, degree, subject-wise performance, etc. Each card will cost Rs 168. <br /><br />To improve the university’s research output, the University Scientific Instrumentation Centre (USIC), will be set up. <br /></p>
