PU Senate approves Rs 487 cr budget

The Panjab University (PU) Senate, in its meeting held on Sunday, approved a budget of Rs 487.35 crore for the financial year 2013-2014.

The Vice-Chancellor, Prof Arun Kumar Grover, presented the budget. As per the budget, the total income of the university is Rs 210 crore and the deficit is Rs 276.55 crores.

The allocation for the non-plan expenditure is Rs 433.45 crore and the deficit is of Rs 293.36 crore while under plan head expenditure is Rs 842.88 crores.

The House, while congratulating the V-C for presenting his first budget, said that the varsity should write to the Punjab government to pay the varsity its pending dues to the tune of Rs 40 crore.

The total expenditure of the budget on salaries is 86.20 per cent, on conduction of examination is 4.9 per cent, on scholarships 2.93 per cent, 2 per cent on maintenance of infrastructure and 3.95 per cent on expenditure on administration.

While suggesting to the V-C how the university can cut certain expenditure, nominated senator former Ambassador I S Chadha proposed the varsity should re-look into the huge subsidies, that is being given to hostel residents, on meals. He said that varsity authorities by working out, can find out that only students belonging to economically weaker sections should be given concession on meals; however rich students should not be given any subsidy.

Secondly, I S Chadha proposed that the varsity can slash expenditure on stationary as well.

In addition, Senator Keshav Malhotra said that the income of Punjabi University, Patiala is Rs 265 crores, much higher than that of PU's. He said the varsity should try hard to tap NRI students in all the courses and if need arises guidelines can be changed.

Regarding self-finance courses, Senator R P Josh said that after reviewing, the varsity can do away with less popular self-finance courses. Interestingly, Senator SK Sharma said that the varsity should start auditing of electricity and water supply expenditure which is third largest after salaries.

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