The members decided that about around Rs 1 crore will be spent for starting up new course, like MPhil in Defence Studies, MA in Hindi journalism, Community education and other short term courses like English-speaking course.

More than Rs 1.5 crore was allocated for the dental college that is being set in the university. Posts like medical officer, nurses, medical consultant, were also approved by the Board of Finance. Various posts in the UIET department were also sanctioned.

Vice-Chancellor R C Sobti said: “Our efforts to cut down the annual expenditure against various budget heads coupled with a number of measures to increase our income in the past few years, has resulted in consistent growth in revenue receipts.”

Sobti added that while the grant for March 2008 is expected from the Punjab Government in the coming months, the grants from UT Administration have already reached in advance.

As against the approved original estimated deficit of Rs 8192.64 lakh for 2007-08, the Union ministry of Human Resource Development has issued an order for Rs 5478.20 lakh only.

The revised estimated deficit for the year 2007-08 is being presented as Rs 7649.28 lakh, including the projected expenditure of Rs 10 crore for Pension Scheme Corpus, infrastructural development works and payment of DA.

He said that the university is not getting its due 40 per cent share from the Punjab Government. Therefore, it cannot transfer the share of the Punjab Government to that fund this year too.