Osmania University Approved Rs 6.15 Crore Deficit Budget

Osmania-UniversityHyderabad: Academic Senate of the Osmania University approved Rs 6.15 crore deficit budget of the varsity for the financial year 2015-16.

Prof Mohammad Akbar Ali Khan faculty of commerce announced a budget of Rs 536 crore for the current year. University enhanced the budget by Rs 120 crore against Rs 416.03 the previous year.

“In spite of pooling from accounts of Exam Fee Fund Account, Prof G Ram Reddy Centre for Distance Education, Self-finance courses, Directorate of Admission, University Foreign Relations, affiliation income and interest on pension corpus fund etc there is still a shortfall of Rs 6.15 crore,” he explained

Medaram Jathara

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