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The century-old University of Mysore (UoM) is dealing with a severe income deficit and plans are afoot to introduce austerity measures to chop down expenditure for mobilising funds in direction of the fee of pension to educating and non-teaching employees.
The deficit is attributed to a drop within the allotment of funds from the federal government in direction of pensions. With the quantity of superannuating workers on the rise, the UoM could face more durable instances within the years forward if the allocation from the federal government doesn’t go up or if the UoM’s income doesn’t go up.
Nearly 40 p.c of the UoM’s expenditure goes in direction of salaries and allowances, and 30 per cent in direction of pensions.
The UoM is dealing with a income deficit of ₹85.40 crore for the 12 months 2023-24. As in opposition to the projected income of ₹347.16 crore, the expenditure for the 12 months stands at ₹432.56 crore, inflicting a deficit. The University’s budget for the 12 months 2023-24 was offered on the Academic Council assembly, which was chaired by the newly-appointed Vice-Chancellor Lokanath N.Ok., right here on Friday. The Finance Officer offered the budget. Registrar V.R. Shailaja and Registrar Evaluation A.P. Gnanaprakash have been current.
In 2022-23, the federal government launched ₹50 crore for the fee of pensions to 1,761 retired workers. However, the quantity of pensioners has gone as much as 1,841 in 2023-24 and a further 61 workers, together with 21 educating school and 40 non-teaching school, are on the verge of retirement.
The UoM wanted ₹127.62 crore for pension fee in 2023-24 however the allocation from the federal government can be ₹50 crore. This will lead to a shortfall of ₹77.62 crore. The University, nevertheless, has proposed to scale back bills wherever it’s attainable, introducing austerity measures, in order that the shortfall for pension fee will be met.
In 2021-22, the federal government launched ₹44.16 crore for pensions. The deficit for pensions went up from ₹5.84 crore in 2021-22 to ₹ 77.63 crore in 2023-24. In 2022-23, the deficit was ₹21.46 crore, based on the college.
The authorities was paying ₹121.08 crore for salaries and allowances to the everlasting workers. The salaries are credited into the workers’ accounts via the HRMS portal.
UoM as ‘Central University’?
Expressing concern over the declining allocation for pensions, Muzaffar H Assadi, Dean, Faculty of Arts, stated the college could face a severe monetary disaster within the years forward when the quantity of pensioners goes up.
“With the formation of universities in districts and shrinkage of UoM’s authority, the revenue will continue to fall. Pensioners’ numbers are going up. The university may face problems in paying salaries and pensions in the years ahead,” he opined.
He instructed constituting a stress group to advocate changing the UoM right into a Central University.
Another AC member stated the college should take into account giving admissions on the all-India degree since there was a requirement for admissions from different States. “As of now, Karnataka has only one Central university which is at Kalaburagi. Another central university can be considered in the State and the UoM can be converted into a Central university,” he stated.
