While the Municipal Corporation of Chandigarh has approved a budget of 1072 crore for 2016-17, Panjab University Board of Finance has prepared a budget proposal of 517.33 crore for the period, that equals almost half of the budget proposals of the entire city.
The PU Board of Finance (BoF) approved non-plan budget of Rs517.33 crore for the year 2016-17 fiscal year. The budget estimates have envisaged expenditure of Rs517.33 crore and income of Rs210.61 crore. The budget would now be considered by the PU Syndicate and Senate.
PU Vice Chancellor Prof Arun Kumar Grover presided over the BoF meeting, which was also attended by the Registrar Col. G.S. Chadha (Retd.), Dean University Instructions Prof A.K. Bhandari, UT IAS Officer Dr Adapa Karthik, MHRD Deputy Secretary in the Department of Higher Education V.K. Siljo, Finance & Development Officer Vikram Nayyar, Syndicate and Senate representatives.
As per the budget estimates, PU is expecting to earn revenue of Rs210.61 crore during 2016-17, which is about Rs10 crore more than the previous fiscal year. Out of this amount, Rs52.44 crore is expected through fees from partially self financed courses, Rs15.62 crore through USOl, Rs96.54 crore through exam fees, Rs7.97 crore from fees in traditional courses, Rs16.12 crore from registration/ certificate/ CET fee etc, Rs9.45 crore from hostels, Rs3.81 crore from sports fees (PUSC) and Rs8.65 crore through other resources.
In many important student friendly decisions taken, PU budget estimate has provided Rs. 5 crore for construction of new Girl’s Hostel No 10, Rs5 crore for securing proposed land at Sarangpur, Rs10 crore for construction of students holiday homes at Amritsar, Dalhousie and Shimla.
The BoF also approved a sum of Rs. 150 lacs to start construction of Regional Centre Muktsar which is estimated to cost Rs30 crore. The BoF approved proposal of Rs75 lacs for additional parking facility in PU Campus and Rs126.21 lac for upgrading, widening of the road near the gate no. 3 sector 14 for making it one way and recarpeting top layer of road in South Campus. Rs25 lacs has been provided for landscaping and development of green belt from Open Air Theatre to law Department. Rs50 lacs has been provided for digitalization of office record.