(1) Expenditure shall be divided under two heads, namely, Capital Expenditure and Revenue Expenditure.
(2) Capital items include all equipment, furniture, fixtures and buildings and other related matters. Revenue expenditure, in addition to salary, shall cover all day to day expenses such as maintenance, utility bills, stationery, office over-heads, travel, miscellaneous, contingencies, hospitality and promotional activities and other related matters.
(3) The Vice-Chancellor may sanction expenditure in full on each occasion, both in respect of Revenue and Capital items, subject to availability of funds;
Provided that all expenditure above rupees twenty five lakhs, shall be reported to the Finance Committee.
Financial Year
6. The financial year of Nalanda University shall be 1st April to 31st March of the following year.
Funds