Academic Council okays ` 3.7 cr deficit budget

` 5 crore earmarked for Chikkaluvara PG Centre, says VC

 The Academic Council of Mangalore University has okayed the deficit budget of Rs 3.70 crore for the year 2014-15, here on Wednesday. 

In the fourth general meeting of the Academic Council held at the new senate hall, Mangalore University Vice-Chancellor Prof T C Shivashankaramurthy said that the proposed income would be Rs 176.13 crore and expenditure would be Rs 179.83 crore, thus indicating a deficit of Rs 3.70 crore. Compared to last year, the deficit is reduced by Rs 2.06 crore. 

Income and expenditure

He said under non planned grants, the university was expected to get Rs 130.20 crore during 2014-15. It was Rs 124.89 crore during 2013-14. The income has been increased by Rs 5.31 crore. Under non planned expenditure, the expenditure would be Rs 123.28 crore during 2014-15. It was Rs 116.19 crore during 2013-14. Compared to last year, the expenditure has increased by Rs 7.09 crore. Under planned grant, the income for the year 2014-15 is Rs 45.93 crore and it was Rs 44.07 crore in 2013-14. Under planned expenditure, the expenditure would be Rs 56.54 crore.   In the expenditure columns of the 2014-15 budget, about 61 per cent of the revenue is expected to go for salary of its employees and 12 per cent for administration and seven per cent for examinations. 

The VC said that budget has earmarked Rs five crore for Chikkaluvara PG Centre, Rs 50 lakh for auditorium and seminar halls in the university campus, Rs one crore for repair of electronics and University Science Instrumentation Centre (USIC) wing of the university, Rs 50 lakh for Study centre buildings, Rs 1.10 crore for the construction of a pavillion and gallery at 400 metre track, Rs 50 lakh each for providing basic infrastructure facilities at Field Marshal K M Cariappa College, Madikeri and University College, Mangalore, Rs one crore for the building of applied botany, Rs one crore for the construction of a hostel for research students, Rs one crore for the construction of a Pariksha Bhavan, Rs 1.50 crore for the renovation of science complex, Rs 50 lakh for the beautification of Mangalore University campus including basic facilities, Rs one crore for the construction of Dr B R Ambedkar Research Centre, Rs one crore for the Belapu PG Centre and Rs one crore for the Narayana Guru Peeta. 

An estimate has already been prepared for the setting up of a PG centre at Belapu in Udupi district. “We are expecting Rs five crore from the State government during 2014-15,” he added.  

Affiliation

The academic council okayed the new affiliation for eight colleges in its jurisdiction with a condition to fulfill before the commencement of the academic year. 

They are ECR Institute of Management Studies, Kota; Yenepoya College, Mangalore; Canara Evening College, Kodialbail; St Sebastian College of Commerce, Ullal; Shirdi Sai Degree College, Karkala,; Mar Ivanios  College, Kunthur, Puttur; First Grade College, Moornadu and Green Mountain College, Madikeri. 

The VC said that Chancellor has given assent for starting certificate course in visual arts. The course is likely to be started from the next academic year.  To a query raised by the students, the VC said that the university had not hiked fee for the last four years, keeping in mind the interest of the students. Registrar Prof P S Yadapadithaya, Registrar (evaluation) Dr B Narayana and Finance Officer Prof Pakkerappa were present. 

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