UGC limits DU budget for next fiscal to Tk 204cr

31 May 2010, 18:00 PM

DU Correspondent

The University Grants Commission (UGC) has limited the budget for the Dhaka University for fiscal 2010-11 to Tk 203.79 crore, which is the largest in the history of the institution. Of the total amount, UGC will allocate Tk 177.49 crore as allowances while Tk 26.30 crore will be collected from own resources of the university. Around 90 percent of the total budget -- Tk 183.25 crore -- will be spent on salaries, allowances and pensions of teachers and other employees of the university. The remaining amount will be spent on education-related activities -- research, examinations, books, transport facilities for students and laboratories -- and to pay electricity and telephone bills and income and other taxes, said Md Ashraf Uddin, director of accounts. The last fiscal year's DU budget was Tk 158 crore. This year, DU authorities placed a proposal for Tk 280 crore budget before the UGC, which limited it to Tk 203.79 crore. The budget will be placed at the finance committee of the university on June 10 for its recommendations and later it will be approved by the university syndicate, he added. The senate will finally approve the budget at its annual meeting in late June.