Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: form 3cd :: VAT RATES :: list of goods taxed at 4% :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS
 
 
Budget Extravaganza »
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow
 Budget today, but GST kills the tax suspense
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes
 Six things Finance Minister did not tell you in Budget 2017
 Budget 2017 and its place in history
 Tax Dept need not reveal reason for raid even to Appellate Tribunal, proposes Budget 2017

Budget focuses on construction, renovation
March, 28th 2014

The Shivaji University, Kolhapur (SUK) declared its budget for the upcoming academic year 2014-15 on Thursday in its annual senate meeting. The budget estimates expenditure worth Rs 278.68 crore compared to deposits worth Rs 274.34 crore.

The estimated expenditure has increased by Rs 24 crore compared to that in last year's budget. Last year, the university spent Rs 254 crore compared to deposits worth Rs 249 crore.

Management council member D T Shirke while presenting the budget said the deficit would be covered through research and development funds and remaining funds from the depreciation cost.

The university budget for the upcoming academic year focuses more on construction and renovation of the academic and administrative buildings across the campus. "Provision of Rs 1 crore has been made in the budget for construction of a new hostel at the SUK campus that would accomodate as many as 1,000 students," said Shirke.

Currently, there are four boys' and two girls' hostels, which accomodates around 1,000 students. "With the rising number of courses as well as students and insufficient hostel buildings to accomodate more students, the decision to construct the new hostel was taken for which preliminary provision of Rs 1 crore has been made. The amount will be increased according to the progress of the work in coming years," Shirke added.

Apart from the new hostel, the department of chemistry too would get a new building and provision of Rs 80 lakh has been made for its construction. Also, the computer science department would be shifted to the additional floor of the department of technology building for which funds worth Rs 2.20 crore have been granted.

The budget has also proposed a whopping Rs 3 crore for the work of extension of the library building. "The construction, which was started last year, is still under progress and the current budgetary allocation would only speed up the work. We hope to get the first floor ready by the end of the upcoming academic year, which would help to start a reading room for 400 students," added Shirke.

A provision of Rs 50 lakh has been made for the continuation of construction of a compound wall, which has been marked as an important issue by SUK. "The university is facing legal hurdles involving the southern side of the campus near Rajendranagar, which is hampering the work," he said.

An amount of Rs 35 lakh has been granted for renovation of the university guest house. While the examination department has been granted Rs 25 lakh for its development, provision of Rs 13 lakh has been made for the department of foreign languages.

Members of the Shivaji University Teachers' Association said, "Despite being granted financial help, irregularities in the examination department continues to a matter of concern."

Senate member S A Bojgar said, "The budget does not provide any new sports initiatives."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions