NATIONAL INSTITUTE OF TECHNOLOGY DELHI(An autonomous Institute under the aegis of Ministry ofHRD, Govt. ofIndia)

~ 1;' ,~-~~~ 1:1'ftm,;rtm ,~noo\lo-, :IIT«11SectorA-7, Institutional AreaNare!a, Delhi-I 10040, INDIA

~/Tele :+9111-33861000-1002" ~ IFax: +9111-27787503

~/Website: www.nitdelhi.ac.in

MINUTES OF THE 18TH MEETING OF THE FINANCE COMMITTEE, NIT DELHI HELD ON03.08.2018 IN SEMINAR HALL NO.3, INDIA INTERNATIONAL CENTRE, 40, MAX MUELLERMARG,NEWDELHI -110003 AT 11.45 A.M.

The following Members were present in the meeting:

SI.No. Members Present Designation

1. Prof. Sanjay Govind DhandeChairman, Board of Governors, NIT Delhi

Chairperson

2. Prof. Lalit Kumar AwasthiDirector, NIT Delhi

Member

3, Ms. Darshana M DabralIS & FA,MHRD,Govt. of India

Member

4. Sh.Madan MohanDeputy Director General (HE), Govt. of India

Member

5. Dr. Nagesh ThakurProfessor, Department of Physics, HP University, Shimla

Member

6. Prof. S.C.Dutta RoyINSAEmeritus Scientist

Member

7. Prof. A K GhoshCentre for Polymer Science and Engineering, lIT Delhi

Member

8. Sh.Sushil KumarRegistrar, NIT Delhi

Member Secretary

Minutes a/18th Meeting a/FC a/NIT Delhi

The Chairperson welcomed the members present in the 18th Meeting of Finance Committee and thanked themembers for sparing their valuable time and continuous contributions to built the NIT Delhi a center ofexcellence. He informed the Finance Committee that after the departure of Prof. Ajay K Sharma, Dr. SatishKumar, Director, NIT Kurukshetra took over the charge of NIT Delhi as in-charge Director. Thereafter, Prof.Lalit KAwasthi, Director, NIT [alandhar took over as in-charge Director, NIT Delhi. The Chairperson, FinanceCommittee placed on record that Prof. Awasthi has been putting all his efforts for speedy development ofinfrastructure as well as addressing the academic needs of the Institute. Thereafter, with the permission ofthe Chairperson, the Agenda Items were presented and taken up.

Page 1

FCj18j2018jOl

FCj18j2018j02

To confirm the minutes of the 17thmeeting of Finance Committee of NITDelhi held on 06th February, 2018.

The minutes of the 17th meeting of Finance Committee asapproved by the Chairperson were circulated to all themembers. No commentsj observations were received fromthe members on the same. The Finance Committee takingnote of the above, confirmed the minutes of it's 17thmeeting.

Progressjaction taken report on the items of previous FinanceCommittee meetings.

The status of the Action(s)taken on the agenda itemsof the previous meetings ofthe Finance Committee hasbeen reported as:

FCj14j2016j04 To consider and accordapproval for the DetailedProject Report (DPR) ofNITDelhi

NIT Delhi has submitted the requisite Theinformation to the MHRDon 01.02.2018 noted

Finance Committeethe action taken.

for consideration, after incorporating Update on this matter as anthe suggestions given by the MHRD when received from theCommittee on the revised estimates MHRDbe placed before it.presented by NIT Delhi before thecommittee in its meeting held on 31stJanuary, 2018 at MHRD.

FCj16j2017jll To consider and accord As approved by the Finance Committee,approval for the waiver of NIT Delhi will abide by the instructionstuition fee for SCjST issued by MHRD from time to time onstudents admitted to the matter of waiver of tuition fee forM.Tech. and Ph.D SCjST students admitted to M.Tech. andprogramme(s) at NIT Ph.D programme(s) at NITDelhi.Delhi

It has been informed to theFinance Committee that theNIT Delhi is charging feefrom M.Tech. students.There is no fee waiver atpresent as per theinstructions of MHRD videletters F.No.28-2j2013-TS.1I1 dated 21.10.2014,letters F.No.33-4j2014-TS.III dated 05.05.2014 andletter F.No.33-4j2014-TS.1IIdated 01.07.2014.The Finance Committee alsoresolved that the NIT Delhi,to follow the instructionsjguidelines of MHRDon thismatter as received fromtime to time.

FCj16j2017j15 To accord administrative The Finance Committee has been The Finance Committeeand financial approval to informed that the meeting with noted the update of CCMTconduct the CCMT Chairman CCMT2017 was held at NIT 2018.Counselling for the Transit House on dated 26.12.2017academic session 2018-19 regarding the financial liabilities

involved on the part of the institute toconduct the CCMTCounselling for theacademic session 2018-19. It has cometo the knowledge of the Institute that nofinancial liabilities will be there on thepart of the Institute, to conduct theCCMT-2018 Counselling. The 1stmeeting of Core Committee was held on24th January, 2018 wherein the

Page 2Minutes a/18th Meeting a/FC a/NIT Delhi

Chairman CCMT-2017 presented thereport on the CCMT, 2017 Counsellingand also informed the Core Committeethat no financial liability lies on the partof the host institute.

FC/17/2018/03 been The Finance CommitteeCost noted the action taken.

Committee hasthe Detailed

FC/17/2018/04 To consider and accord The Finance Committee considered the The Finance Committeeapproval to release the agenda, and approved to release the noted the action taken. Thepayment of composition payment of Rs.19.53 Crore to DDA as Finance Committee alsofees and annual ground detailed below. resolved that the NIT Delhirent (per annum) in s. petail of Amount Period otal r'lame to take follow up actionrespect of land measuring ~o. ~orks ~moun pfthe with the concerned21.8 hect. (51.4 acres) p~~dbe ~genc authorities for earlyallotted to NIT Delhi at fa- ~hom decision in this matter.

hepaym~ntto~e~ade

To consider and accord The Financeapproval for detailed informed thatestimate for externaldevelopment work underpackage-5 withpermission to split thework in phases as perpriority and requirementof the project.

Estimate for External Developmentworks under package-5, ofRs.131,43,57,59.31/- has been receivedfrom the NBCC(India) Ltd. The FinanceCommittee considered the agendaaccorded its administrative approval forthe external development work underphase 5 by splitting it in phases as perthe requirement and priority of theproject subject to total cost 25% ofRs.131,43,57,59.31/- i.e Rs.3,28,58,939.82/-. The FinanceCommittee further resolve that as soonas the estimate within the 25% ofRs.131,43,57,59.31/-, is received thesame be placed before it in its nextmeeting for financial/ expenditureapproval/sanction.

FC/17/2018/05

7, Narela sub-city Delhi

The Finance Committeenoted the action taken andapproved that the NIT Delhito limit the present work ofPlay Ground amounting toRs.2,68,40,850, as alsoreported to the RevisedCost Estimate Committee ofEFC.

r--0mpositon Fees!pne timeease~xtensionamount

croreill ~.13

~1.12. ~roreP020

POA.131.

2. prounden!

RS.3.B5 ~6.0B. 15.40crore ~016 f::roreper year 0

04 26.0B.Years 2020

Grand Total 19.53Crore

The FCalso viewed that the NIT Delhi torequest the MHRDto take up the matterto DDA to waive of the abovecomposition fees and ground rent.

To accord approval ofdetailed cost estimate forextended work ofplayground

The Finance Committee consideredthe agenda item and approved, torelease the payment of the revisedcost of playground amounting toRs.7,13,43,346 [Rs.2,68,40,8s0.00(approved in 16th meeting of BoGheld on 06/09/2016 vide itemnumber BOG/16/2016/1s.7) +Rs.4,4s,02,496.00 (to develop sportscomplex with sitting capacity 500

Minutes of l S'" Meeting 0/FC o/NIT Delhi\.-,

Page3 ~

FCj17j2018j07 To consider and accordapproval to release thepayment towards C&Dwaste generationjmalbageneration charges andlabor CESSon sanction ofbuilding plan to MCD

The Finance Committeenoted the action taken.

1. C&D 4.47

Crore

Name of

persons equipped with otherinfrastructure facility required forconducting difference sportsactivities)].

The Finance Committee considered theagenda and approved the followingpayments to MCD/North DelhiMunicipal Corporation towardmandatory payments to get the buildingplans approved from MCD.S. Detail Arnaun Perio TotalNo. of t d Arnou

Works nt tobepaid

10.22Crore

MCDINorthDelhiMunicipalCorporation

(Canstr Crore

cess(J%ofthelabourcesscalculation onthe costofconstruction)

theagencywhomthepaymentto bemade

uction &DemolitionWaste)GeneratianiMalbaGeneration

I-:-_f--:"'Ch:.;:".:..;,rg,.::;es::......j.--=-=:-:-----lacti vi2. Labor 5.75 ties 5.75

Crore

However, at this stage the FinanceCommittee approved to releaseRs.5.045 Crores (i.e. C&D charges i.eRs.4.47 Crores + labour cess of 10% of5.75 Crore (i.e. Rs 0.575 Crore) toMCD/North Delhi MunicipalCorporation and authorised DirectorNIT Delhi to release the subsequentpayments subject to ceiling of Rs.10.22Crores as detailed above as and whenrequired.

Minutes a/18th Meeting a/Fe a/NIT De/hi

Grand Total

Oneti 4.47me Crorepaymentforthecompleteconstrucrio

FCj17j2018j08 To accord approval of The Finance Committee considered the The Finance Committeeappointing the new agenda and approved the same to noted the action taken byagency for preparing the appoint, new agency for the period of NIT to engage a Chartedaccounts of NITDelhi next 3 years, by calling the quotations Accountant Firm for

as per the prescribed procedures. preparing the finalFurther, the Finance Committee accounts/ audit andsuggested that while inviting the accounting related works oftenders, it may be detailed in the terms the institute.and conditions that the experience ofpreparing accounts of academicinstitutions is desirable. Director, NITDelhi to take final decision in thisregard. After appointing the agency,

,1 .... /l

Page 4

same be informed in the next FinanceCommittee meeting.

FC/17/2018/09 To accord approval forrevision of pay of facultyand scientificj design staffand non teaching staff incentrally funded technicalinstitutions (CFTls)following the pay revisionof the central governmentemployees on therecommendation on 7thcentral pay commission(7th CPC)

The Finance Committee considered theagenda and approved, to adopt andimplement the instructions of theMHRDfor revision of pay as per 7th CPCrecommendations in relevant Level andCell together with the applicableallowance including salaries andarrears to all eligible staff and faculty bytaking the undertaking from everybeneficiary. The Finance Committeealso approved the pay fixation of all theregular faculty and staff along with thearrears, to communicate the same to theMHRDfor financial assistance.

The Finance Committee hasbeen informed that noarrears are pending for anyof the employee except incase of Late Ms. PoonamTiwari whose matter isunder juridicature of CivilCourt of Ghaziabad and ofSh.Raj Kamal Verma, Ex­Deputy Registrar, NIT Delhiwhose matter for up­gradation of Pay Band isunder process about it'sadmissibility. The FinanceCommittee noted the actiontaken.

FC/17/2018/10 To accord approval toadopt the travellingallowance rules as per theimplementation of theseventh central paycommission

The Finance Committee considered theagenda and approved that NIT Delhi toadopt the Travelling Allowance Rules asdetailed in the Office Memorandumfrom Ministry of Finance, Department ofExpenditure vide letterNo.19030j1j2017-E.lV dated 13th July,2017.

The Finance Committee hasbeen informed that NITDelhi, presently allowingthe travelling allowance asper the 6th CPC only. TheFinance Committee notedthe action taken.

FC/17/2018/11 The Finance Committeenoted the action taken.

To accord approval forhiring two new vehiclesfor NIT Delhi on leasebasis for a period of 5years

The Finance Committee considered andapproved the agenda to hire 02 Nos.vehicles (SUV) on lease basis for aperiod of 5 years from the open marketby following the necessary procedureand codal formalities.

FC/17/2018/12 To accord approval fornew payment gatewayimplementation forstudents fee management

The Finance Committee considered theagenda and approved that the Instituteshould engaged State Bank of India as aNew Third Party Payment Gateway forstudent fee management. Further, anew agenda is being placed vide agendaitem no. FCj18j2018j12 in order toresu bmit a comparative statement ofquotations received from 03Nationalised and 03 Private Bankspertaining to the rates to provide thepayment gateway services.

The Finance Committeenoted the action taken andapproved that the NIT Delhito proceed further to tie upwith State Bank of India forpayment gateway forstudent fees management.

FC/17/2018/13 The Finance Committee considered the The Finance Committeeagenda and approved as; noted the action taken.[i] Raising the Daily DearnessAllowances from Rs.200j- to Rs.250j-per day for the students as food chargesduring the journey for the tournamentsoutside NITDelhi.(ii) The budget of Rs.100j- perstudent per day during the days oftournaments.

To accord approval toraise the daily dearnessallowance and fixing thebudget for the studentsduring the tournamentsoutside NIT Delhi

FC/17/2018/14 The Finance Committeenoted the action taken.

To accord approval toincrease the remunerationof sports coaches fromRS.600j- to RS.1000j- per

The Finance Committee considered theagenda and approved the followings:-1. To engage 10 Nos. Coaches(including present engaged coaches + if

Minutes a/18th Meeting of Ft: a/NIT De/hi Page 5

day required in future) in different sportsdisciplines purely on temporary basis,as and when required.

2. To increase the remuneration ofSports Coaches from Rs.600/- toRs.1000/- per day per coach subject tothe maximum limit of Rs.15,000/- permonth per coach.

FC/17/2018/1S To accord approval toallow the students totravel in AC-3 tier train toparticipate various sportstournaments organized byNITS/ IITS/ CFTIS

The Finance Committee considered theagenda and approved to allow thestudent to travel (more than 06 Hoursand night journeys) in AC-3 Tie toparticipate in various sportstournament(s) being organised byNITs/CFTls.

The Finance Committeenoted the action taken.

FC/17/2018/17

FC/18/2018/03 Package wise physical andfinancial progress of ongoingprojects.

To accord approval ofseparate audit report(SAR), annual accountsand annual report for thefinancial year 2016-17

The Finance Committee considered the The Finance Committee"Separate Audit Report" and expressed noted the action taken. Theits satisfaction on the same. The Finance Finance Committee madeCommittee suggested that the Institute an observation that theshould also look into the existing submission of Separateprovisions of the lease of the present Audit Report (SAR) Annualland allotted by the DDA and also its Accounts and Annualprovisions for free hold. The Finance Report for the FinancialCommittee approved the Separate Audit Year 2016-17 is alreadyReport (SAR), Annual Accounts and late, the NIT Delhi to takeAnnual Report for the Financial Year immediate action to submit2016-17. the same to the MHRD.

The Finance Committee considered the physical and financialprogress of ongoing following projects 1.Mini Campus building2 Administrative block building3. Startup building4. Construction of playground place before the FinanceCommittee.The Finance Committee made following observations.1. Both the physical and financial progress are progressing intune with each other2. The NBCC may be asked to speed up the constructionactivities so as to complete within the scheduled time.3. The Institute should take parally the action to procure theAcademic Infrastructure, Lab Equipment, Hostel furniture etc.The Finance Committee expressed its satisfaction on thephysical progress of the ongoing projects in the permanentcampus of the Institute.

FC/18/2018/04 Status of revised cost estimate(RCE) of Rs.980.58 Crorestowards the construction ofphase 1 of NIT Delhi campus uptoyear 2022.

The Finance Committee considered the agenda and approved torecommend the Cost Estimate amounting to Rs.775.99 Croresas detailed in the agenda item, submitted by NIT Delhi toRevised Cost Estimate Committee constituted by EFC incomplying to the cabinet approval of 1260 students for NITDelhi.The Finance Committee desired that the details of the ExternalDevelopment, amounting to Rs.75 Crores included in the aboveRevised Cost Estimate be placed in it's next meeting.

FC/18/2018/0S To accord approval to appointExecutive Engineer (Civil) and toengage consultants for ongoingconstruction work at permanentcampus of NITDelhi.

The Finance Committee considered the agenda and approved torecommend that one post of Executive Engineer has alreadybeen sanctioned for NIT Delhi. Therefore, taking note of therequired services of Executive Engineer (Civil) for monitoring,supervising the construction activities presently in progress in

Minutes of 18th Meeting of FC of NIT Delhi Page 6

the permanent campus of NIT Delhi, NIT Delhi to take action toappoint Executive Engineer (Civil) as per the approved revisedRRs of this post and also in line to the recommendations of theoversight committee once received from MHRD.

FC/l8/20l8/06 To consider and accord approvalfor third party quality assurancefor the construction of phase 1 ofNIT Delhi.

The Finance Committee considered the agenda and approved torecommend that the institute to approach to CPWD to get theguidelines and to follow the same to engage an agency for thirdparty quality assurance for it's construction work beingexecuted by NBCC.The NIT Delhi, after completing the processby following the CPWDguidelines as available, may place theconsolidated proposal before the Finance Committee in its nextmeeting

FC/l8/20l8/07 To accord approval for thepurchase of ambulance for NITDelhi

The Finance Committee after considering the agenda. Takingthe note of fixed cost as well as running cost of the ambulanceincluding the cost of manpower, the Finance Committeeapproved to recommend that the institute may hire theambulance services (year to year basis) including the trainedmanpower as required (Driver/Compounder/Nurse) throughtendering process. The NIT Delhi to take initiatives in thismatter and place the proposal including the financialimplications before the Finance Committee in it's next meeting.

FC/l8/20l8/08 To accord approval to hire theChartered Accountant firm foraudit and account works of NITDelhi

The Finance Committee considered the agenda and approved torecommend that the process followed by the NIT Delhi to hire aChartered Accountant firm for final accounts/audit & accountworks of the Institute. The Finance Committee also mentionedthat NIT Delhi should invite the proposals from all the agenciesreferred by the CAG,and to continue to get it's final accounts/accounting and audit work done from the existing firm till theprocess of engaging the new agency is completed. Once theprocess is completed the same should be reported in the nextFinance Committee meeting for ratification.

FC/l8/20l8/09 approval to hireChartered

To accordConsultant,

The Finance Committee considered the agenda and approved torecommend that one sanctioned post of Assistant Registrar isvacant, NIT Delhi to take necessary initiatives to appoint theAssistant Registrar on this post, in the area of Accounts/ Auditfor its accounts branch as there is no regular senior officialpresently in the NIT Delhi to supervise it's accounts activitiesand to guide the junior staff in the accounts section.The recruitment on this post should be as per the approvedrevised RRs of this post and in line to the recommendations ofthe oversight committee, once received from MHRD.

Accountant and appointment ofAssistant Registrar

FC/l8/20l8/l0 To accord approval to revise theconsolidate salary of contractualfaculty as per the 7th CPC

The Finance Committee considered the agenda. Referring theconsolidated salary paid to the contractual Faculty in otherNITs, the Finance Committee approved to recommend that theFaculty appointed in the NIT Delhi on contractual basis be paidRs.70,000/- per month provided the qualifications / eligibilitycriteria of the Faculty appointed on the contractual purely ontemporary basis should be minimum Ph.D. degree as per therevised rules of Faculty recruitments [Gazette Notification NIT(Amendment) Act 2017 vide letter F.No.3S-S/2017-TS.I11 dated28th /31st July, 2017 for the faculty positions prescribed by theMinistry of HRD,Govt. of India, New Delhi].

FC/l8/20l8/ll To accord approval to hold the The Finance Committee considered the agenda and approved to2nd convocation of NITDelhi recommend that:

1. The institute may hold its 2nd Convocation.2. Chief Guest Hon'ble Prime Minister of India if not

available then Mr. Ratan Naval Tata.3. The Honoris_..,causa to be awarded to the distinguish

Minutes of 18th Meeting of Fe of NIT De/hi

person(s) Mr.E.Shreedharan/ Panditjasraj and Sh. AjayChakrabarti. for their contribution in Engineering/ Arts& Culture.

4. The venue of AICTE or other academic institutions(CFTls) etc. may be hired.

5. The date and pattern of robes may be decided by theDirector with the approval of the Chairperson,

6. The Director incurred the expenditure (not exceedingRS.25 Lakhs) as required to hold the 2nd Convocation.

FC/18/2018/12 Status about the new paymentgateway implementation forstudents fee management

The Finance Committee considered the agenda and took note ofthe details pertaining to the payment gateway options available.The Finance Committee approved to engage the State BankIndia as new third party payment gateway for student feemanagement based on their performance and professionalservices. The Finance Committee also directed that the instituteshould close the number of accounts in which no frequenttransactions are being made and keep minimum number ofaccounts for the operations of the accounts activities of theInstitute.

FC/18/2018/13 To accord approval to collect theexamination fee for Ph.D. thesissubmission

The Finance Committee considered the agenda and approved torecommend that the fees for Ph.D. thesis submission should bein line to the fee charged for this purpose by the similarlyplaced NITs. Till it is finalised, the present fee i.e Rs.10,000/- forPh.D. thesis submission may continue.

FC/18/2018/14 To accord approval to adopt theprovisions of the NITSER act,2007 and statutes - BOGs/FC/BWCmeetings.

The Finance Committee approved to recommend that NITDelhito adhere to the provisions of NITSERAct, 2007 and Statutesfor conducting the Board of Governors (BOGs), FinanceCommittee (FC) and Building and Works Committee (BWC)meetings.

FC/18/2018/15 To accord approval for extensionregarding the institute in projectmode

The Finance Committee considered the agenda and approved torecommend that the NIT Delhi to send the proposal to MHRDfor the extension of the project mode of NIT Delhi for another05 years.

FC/18/2018/16 To accord approval to delegatethe financial power uptoRs.l,OO,OOO/ - to the Registrar,NITDelhi

The Finance Committee considered the agenda and approved torecommend that the institute may utilized different fast modesof communication available today i.e. e-mail, e-office, whatsappetc to get the approvals / sanctions from the Director.

FC/18/2018/17

Therefore, at this stage there is no need for delegation offinancial power to Registrar, NIT Delhi.

To accord approval for the The Finance Committee considered the agenda and approved tobudget requirement for 2nd recommend the budget requirement of Rs.5,678/- Lakhs forquarter during the financial year 2nd quarter during the financial year 2018-19.2018-19

FC/18/2018/18 To accord approval for availingfinance from higher educationfunding agency (HEFA)

The Finance Committee considered the agenda and approved torecommend that NIT Delhi to avail the finance from HigherEducation Funding Agency (HEFA) as per new RISE by 2022model for NIT Delhi as the Technical Institution startedbetween 2008 and 2014, where repay 25% of the principalportion from internal resources, and receive grant for thebalance of the Principal portion. Also, the members of theFinance Committee desired that the request for extending theproject mode of NIT Delhi for another OS years may be send toMHRD.

Minutes a/18th Meeting a/FC a/NIT Delhi Page 8

FC/18/2018/19 To accord approval of annual The Finance Committee considered the agenda and approved toaccounts for the financial year recommend that the annual accounts for the financial year2017-18 2017-18. The Board of Governors desired that the approved

annual accounts should be sent to CAG for audit at the earliest.

D.REPORTING/RATlFIC~T!ONIlElYIS p,';,,,,, ,: ~; .,t" ',' 1M , , 'tCi . :~;..,

FC/18/2018/20.1 To report the unspent balance The Finance Committee ratified the unspent balance availableavailable with NITDelhi with NITDelhi as on date 01.04.2018.

FC/18/2018/20.2 To report and ratify the payment The Finance Committee ratified the payment made to Municipalmade to municipal corporation Corporation Delhi (MCD) amounting to Rs.21,21,686/ - forDelhi (MCD) for annual property annual property Tax for financial year 2018-2019.Tax for financial year 2018-2019.

FC/18/2018/20.3 To report and ratify the running The Finance Committee ratified the payments of total Runningaccount bills (RAs) of ongoing Account Bills (RAs) amounting to Rs.62.61 Crores of ongoingconstructions i.e., Mini Campus, constructions i.e., Mini Campus (amounting to Rs.3S.58 Crores],Administrative Block, Start Up Administrative Block (amounting to Rs.22.60 Crores), Start UpCentre and Play Ground as per Centre (amounting to Rs.2.90 Crores) and Play Groundthe evaluation cum payment (amounting to Rs.1.S3 Crores) to the NBCCtill date by followingsheet. the evaluation cum payment sheet as approved by the Finance

Committee and Board of Governors.

FC/18/2018/20.4 To report the matter of The Finance Committee noted and ratified the initiatives takenenhancement of compensation to by the Institute in this matter.Delhi Development Authority(DDA) for land allotted to NITDelhi.

FC/18/2018/20.S To report the updates about the The Finance Committee noted the updates of the CCMT2018CCMT2018 counselling. counselling, and ratified the same.

FC/l8/2018/20.6 To report the implementation of The Finance Committee noted and ratified the implementationEAT module for PFMS in all the of EATmodule for PFMS in NIT Delhi and viewed that it shouldautonomous bodies and schemes. be completed, implemented and operationalized immediately in

line to the direction ofMHRD.

FC/18/2018/20.7 Approval to use funds available The Finance Committee considered the agenda referring theunder IRG (Internal Revenue contents of "letter F.No.21-3/2018-TS.1lI dated 24.07.2018Generation) to fulfil deficit under received from the MHRD regarding the power of Re-head 31. appropriation of funds from one Object Head to another is

vested with the parliament and institutes are not allowed todo the exercise and the budget received from MRHDunder aparticular "Object Head" should be utilized for the purposeagainst which it is being sanctioned", and approved torecommend that the action of the institute i.e.(Transfer of Funds from IRG to Head 31) is not in order and itshould not be done in future. Once sufficient funds are receivedunder Head 31, recouping IRGaccount may be done to restorethe status-quo of IRGaccount.

FC/l8/20l8/20.8 To report the MOU signed The Finance Committee ratified the MOUsigned between NITbetween NIT Delhi and Delhi and Administrative Ministry/ Department (MHRD).Administrative Ministry/Department (MHRD)

The Meeting ended with a vote of thanks to the Chair.

Diretor

Chairpfon

Member Secreta y

Minutes a/18th Meeting a/FC a/NIT Delhi Page 9