Despite a surplus budget projected last year, the University of Mumbai announced that its overall income estimate this year has gone down by almost Rs 68 crore in the budget presented at its senate on Thursday.
The university in its last budget had proposed to earn Rs 607.14 crore which included more than Rs 150 crore that was to be recovered from its affiliated colleges. The university, however, could not recover this money, leading to a deficit of Rs 73.29 crore.
For the academic year 2017-18, the university has projected a surplus of Rs 52 crore with an overall estimate of Rs 539.04 crore. Several new initiatives include Centre for European studies and Chinese centre. Along with this the university plans to give free education for children of single mothers and martyrs at post-graduation and under-graduation level in traditional courses.
Examiners would get higher remuneration for paper assessment. A crore has been allocated for infrastructure development in its Kalina campus. The university has also proposed to set up the skill development centre for women and civil services entrance examination training center on a 14 acre land in Kalwa.
The university will also develop a centre on a 200 acre land in Palghar on the background of Tribal University, to expand the educational amenity to tribals. The varsity will also start a School of Engineering Sciences at its Kalyan sub-centre, a Center for Railway Research in Ratnagiri its sub centre from this academic year and a Green Campus in Vidyanagari