The finance committee of Vinoba Bhave University has approved the budget for fiscal year 2014-15. The proposed budget is of Rs 276.91 crores. This approval was made in the meeting of finance committee held on Wednesday under the chairmanship of newly appointed financial advisor of the university AH Ansari.
The acting finance officer of Vinoba Bhave University Dr AM Siddique presented the utilization report and financial status of the university during fiscal year 2013-14 before the members of the finance committee in the beginning of the meeting which was accepted and approved by the members.
Then finance officer Dr Siddique tabled the proposals of 2014-15 for discussions before the members of he committee. The members after serious discussion sanctioned Rs 17 crore for the development of the Post Graduate departments of the university. They also sanctioned 145.45 crore in non-plan head.With the help of this amount the university will pay the salary, pension and arrear of 6th pay to the teachers and non-teachings of the university and colleges. After hours of discussion the members finalized the budgetof plan-head in which proposals of different constituent colleges of the university have been included.
Under plan-head 20.06 croreshave been allotted for the establishment department of the university headquarter, 128.94 lacs for St. Colamba’s college, 91 lacs for KB Women’s college Hazaribagh, 101.43 lacs for Ramgarh college, 82.67 lacs for SSlNT college Dhanbad, 82.67 lacs for PK RayMemorial college Dhanbad, 204.06 lacs for RSP college Jharia, 107.20 lacs for Sindri college, 96.4 lacs for Katras college, 106.02 lacs for RS More college Govindpur Dhanbad, 91.96 lacs for BSK college Maithan Dhanbad.
The committee has also approved the budget of the different colleges running under the university. The committee sanctioned the budget of 88.30 lacs for BS City college Bokaro, 71.10 lacs for KB college Bermo, 107.65 lacs for JJ college Jhumri Telaiya, 104.70 lacs for Giridih college Giridih, 84.21 lacs for Chatra college Chatra, 104.60 lacs for Markham college of commerce, Hazaribagh. In the meeting all the members of finance committee of the university were present.