The Osmania University (OU) has came up with a deficit budget of Rs. 75 core for the year 2019-20. The varsity’s expenditure is pegged at Rs.617.66 crore while the total income generated including the grants from State government stands at Rs.542.66 crore.
Presenting the budget for the year 2019-20 at Academic Senate, OU here on Wednesday, the Dean, Faculty of Commerce, Prof K Shankaraiah said the budget estimates for the 2018-19 envisage an expenditure of Rs. 686.77 crore.
In the revised estimates, an expenditure of Rs.554.28 core is contemplated i.e., a decrease of Rs.132.49 crore over the original estimates, he said, adding that it was mainly due to less incurring expenditure on pay and allowances and contingencies, pension and retirement benefits, remittance of arrears for contributory pension scheme, payment of arrears of PRC 2015 and also for non-receipt of funds for establishing PG Colleges, at Siddipet, Narsapur and Jogipet.
The year 2018-19 was expected to close with a balance of Rs. 5.93 crore, he said.
Prof. Shankaraiah said that administrative sanction is being accorded for construction of separate building for Food and Textile Technology department in connection with golden jubilee celebrations of University College of Technology, OU at estimate of Rs.4.40 crore.
This apart, the varsity also accorded permission for construction of girls hostel with 60 rooms in the premises of Nizam College with a total outlay is Rs.6.25 crore with an assistance of Rs.5 crore from the Hyderabad Metropolitan Development Authority.
The university would be taking up restoration, renovation and maintenance of old hostels at estimated cost of Rs.10 crore during 2019-20.
Construction of academic blocks one each at Nizam College, University College for Women, University College of Science, Saifabad and University College of Education at estimated cost of Rs.40 crore has been proposed for 2019-20.
Also proposed are development of sports facilities for students and employees at a cost of Rs.5 crore and beautification of gardens and lawns on the campus at a cost of Rs.2.50 crore.
Speaking to Telangana Today, OU, Vice-Chancellor, Prof. S Ramachandram said the university is expecting 15 per cent increase in block grants from the government.
“Every year, the government enhances block grant by 15 per cent. The varsity is likely to get Rs.45 crore from state government when full budget is presented and the rest deficit amount will be generated internally,” he said.