Varsity’s loss: Rs. 90 cr.
BENGALURU, OCTOBER 10, 2018 00:00 IST
The decision of the University Grants Commission (UGC) to withdraw recognition for Karnataka State Open University (KSOU) for three years cost the latter dearly — Rs. 90 crore to be specific.
D. Shivalingaiah, Vice-Chancellor, said earlier this week that a large part of the expenditure went towards paying staff salaries. “The university had no revenue for those years and utilised its corpus fund, which now stands at Rs. 500 crore,” he said. Three years ago, the fund had Rs. 590 crore.
As the university gets no funding for the government, its only source of revenue is admission and examination fees. The Higher Education Department had even advised KSOU to examine the possibility of transferring its funds to other universities or rent out space to institutions. However, the varsity refused to do so.
Uncertainty
The fate of nearly 96,000 students who were admitted for KSOU courses in 2013-2014 and 2014-2015 hangs in the balance as the UGC had withdrawn recognition for KSOU courses with retrospective effect in June 2015.
The university has decided to offer a 50% discount to students who were admitted in those two academic years and want to enrol again for the current year. KSOU has also announced that women from BPL families would also get a discount of 25%.
BENGALURU, OCTOBER 10, 2018 00:00 IST
The decision of the University Grants Commission (UGC) to withdraw recognition for Karnataka State Open University (KSOU) for three years cost the latter dearly — Rs. 90 crore to be specific.
D. Shivalingaiah, Vice-Chancellor, said earlier this week that a large part of the expenditure went towards paying staff salaries. “The university had no revenue for those years and utilised its corpus fund, which now stands at Rs. 500 crore,” he said. Three years ago, the fund had Rs. 590 crore.
As the university gets no funding for the government, its only source of revenue is admission and examination fees. The Higher Education Department had even advised KSOU to examine the possibility of transferring its funds to other universities or rent out space to institutions. However, the varsity refused to do so.
Uncertainty
The fate of nearly 96,000 students who were admitted for KSOU courses in 2013-2014 and 2014-2015 hangs in the balance as the UGC had withdrawn recognition for KSOU courses with retrospective effect in June 2015.
The university has decided to offer a 50% discount to students who were admitted in those two academic years and want to enrol again for the current year. KSOU has also announced that women from BPL families would also get a discount of 25%.
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