After high drama,Mumbai Universitys (MU) senate members finally approved a Rs 376.89-crore budget on Thursday. The Budget was presented by senate member P V Page. The meeting began with the discussion of TYBCom paper leak rumours for almost an hour,following which the cut motions and suggestions were taken up.
For the first time,the university has decided to introduce the Radio frequency identification,for which Rs 50 lakh has been earmarked. With the introduction of this new technology,we expect to have better identification and security measures to safeguard books and other assets, he said.
As stated,the number of colleges affiliated with MU has increased from 388 in 2002-03 to 654 in 2011-12,recording a 93.5 per cent growth,while the number of recognised institutions is 88.
There are 54 post-graduate departments that include institutions and centers of studies in the university. Apart from this,the students population has also increased from 3,75,485 in 2002-03 to 6,43,754 in 2011-12,registering a growth of 71.44 per cent in the last decade.
The budget 2012-13 has provisions for numetrous infrastructural projects such as construction of an examination house,a synthetic athletic track,boys and girls hostel and refurbishment of university buildings.
Though there are many provisions in the budget pertaining infrastructural developments,the varsitys main target is academics. Taking this into account,huge sums have been allocated to the new initiatives under academic development projects, a university official said.
The budget also has major financial allotments for the development of varsity sub-centres in Thane,Kalyan and Ratnagiri. Over Rs 1 crore has been allotted for the Ratnagiri sub-centre,Rs 46.94 lakh for Kalyan and Rs 47.64 lakh for Thane sub-centres.
A provision of Rs. 13.40 crore has been earmarked for development fund,depreciation fund,contingency fund,staff housing fund,sinking fund,vice-chancellors fund and pension fund.