Chandigarh:A Panjab University (PU) Senate meeting on Sunday finalised various items with regard to university budget which was approved by the Syndicate worth Rs 515 crore.
At the Senate meeting, the members approved 37 items, including approval of the recommendation of the Board of Finance. The members approved the fee structure of the Panjab University Teaching Departments and its Regional Centres for session 2017-18, in principle with the condition that a separate budget will be allocated for giving scholarships and fee waiver for the students of economically weaker sections (EWS) of society.
Senate members also approved the recommendations of the Syndicate that the seniormost professor of the department be designated as Chair Professor with an upper limit of three-year tenure.
Meanwhile, the PU Board of Finance (BoF) had approved the budget worth Rs 515 crore for the fiscal year 2017-18. The approved figures were later considered by the Syndicate.
Going by the approved budget, Rs 424 crore has been reserved as establishment expenditure, while Rs 91 crore has been kept for the non-salary expenditure.
The estimated deficit as approved for the financial year 2017-18 is Rs 244 crore as compared to Rs 217.73 crore in 2016-17. Meanwhile, the fee hike issue at different levels, including the hostel fee structure, was also taken up at the meeting.
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