Cost Governance in Higher Educational Institutions in India - A Study

Abstract

The paper seeks to examine the cost governance in Higher Educational Institutions relating to Central Universities in India. Total amount of fund and total amount of operating expenses for the year 2016-17 in all the Central Universities in India have been shown. Indian Universities are financed by Government grants or subsidies and academic receipts and tuition fees contribute little to the finances. Operating expenses in Central Universities of India are increasing over the years. So, Indian Universities have fund crunch to meet the huge amount of operating expenses. Students financial assistance, research projects are worst suffered due to budgetary reductions. Central Universities in India should implement the strategies from the view points of academic, administrative and students to reduce the huge amount of operating expenses like eliminating academic programs with poor enrolments, reducing University purchases etc. Finally, Central Universities should implement long term strategies for reducing budget gaps or manage costs.