Th October 2016 Welcome Note by the Chairman agenda notes

The Executive Council may like to consider to approve the above recommendations of the Finance Committee.
Item:EC:22:2016:32 To consider allocation of budget of Rs. 5,00,000/- for IPR/Patents from session 2016-17 onwards. NOTE: The Finance Committee in its 15^th meeting held on 26^th September 2016, vide Item:FC:15:2016:7 considered the recommendations of the Academic Council regarding allocation of budget of Rs. 2,00,000/- for IPR/Patents for session 2016-17 onwards. This was recommended to encourage the young faculty of the University to file patents, as there is no provision in the Centre’s budget or Common budget head for reimbursement of application filling fees etc., for publishing a patent. Keeping in view the problems of the faculty and to inspire them, and in view of the recommendations of the Academic Council, the Finance Committee RESOLVED to approve a budget of Rs. 5, 00,000/- for IPR/Patents. The Executive Council may like to consider to approve the recommendations of the Finance Committee regarding allocation of budget of Rs. 5,00,000/- for IPR/Patents.