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University tables surplus budget

For the first time in many years, Calcutta University (CU) on Wednesday placed a surplus budget for 2008-09.

The total income shown in next year’s budget is nearly Rs 34 lakh more than the total expenditure of next fiscal.

The estimated income projected in next year’s budget is nearly Rs 143.18 crore and the estimated expenditure will be Rs 142.84 crore, said Tapan Kumar Mukherjee, CU pro vice-chancellor (finance). “But if the liabilities of 2007-08 are taken into account, there will be a deficit of nearly Rs 50 lakh,” he added.

The 2008-09 budget proposals were placed in the university’s syndicate body meeting on Wednesday for discussion. The proposals will be tabled at CU’s senate meeting on Friday for final approval. After the senate’s nod, the proposals will be forwarded to the state government by December 31.

In 2006, CU had placed a deficit budget of nearly Rs 88.96 crore. There was a deficit of Rs 4.80 crore last year, as the estimated income for 2007-08 was Rs 84.16 crore.

University officials said the bulk of the income shown in the next year’s budget will be generated from government funds.

The estimated income from the state government and other funding agencies, like the University Grants Commission, has been pegged at Rs 124 crore. The university will earn nearly Rs 19.18 crore through its own resources.

The state government will be providing more funds to CU next year to enable the university to meet the additional expenditure of paying enhanced salaries to teachers and other employees.

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