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Sunday, Mar 30, 2008
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Online edition of India's National Newspaper Sunday, Mar 30, 2008 ePaper | Mobile/PDA Version |
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Karnataka
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Bangalore
BANGALORE: The Academic Council of Bangalore University on Saturday approved the budget for 2008-09 with an estimated expenditure of Rs. 140 crore. Besides setting apart a considerable sum for routine expenditure like payment of salary and holding examinations, the focus of the budgetary expenditure is on creation of infrastructure. The budget has set aside Rs. 1 crore towards payment of scholarships, besides providing Rs. 10-lakh grant for free medical insurance for postgraduate students of the university. The university will spend Rs. 13 crore on construction of buildings, including Rs. 5 crore for a postgraduate centre in Kolar. The other expenditure include construction of Dr. K. Venkatagiri Gowda Memorial Auditorium and commerce department block (Rs. 1 crore); students’ hostel at Central College (Rs. 50 lakh); history museum (Rs. 50 lakh); new women’s hostel (Rs. 50 lakh); extension of applied zoology building (Rs. 30 lakh); building for publication division and printing press (Rs. 1.5 crore); building for correspondence course directorate (Rs. 50 lakh); guest-house for UGC staff college (Rs. 50 lakh); sports hostel (Rs. 25 lakh); overhead tank (Rs. 15 lakh); UVCE laboratory and workshop (Rs. 50 lakh); astrophysics laboratory (Rs. 30 lakh); building for foreign languages division (Rs. 25 lakh); residence for Registrar (Rs. 25 lakh); building for parking vehicles (Rs. 15 lakh); biotechnology park (Rs. 25 lakh) and men’s hostel on Jnana Bharati campus (Rs. 50 lakh). The university expected total revenue receipts of Rs. 151 crore, including internal fund transfer of Rs. 27 crore. University Finance Officer H.L. Somashekhar presented the budget in the presence of Vice-Chancellor H.A. Ranganath and Registrar Sanjay Vir Singh. Council members suggested a few minor modifications and the Vice-Chancellor said they would be considered.
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