(1) The Council shall, in respect of each financial year, provide to the Government a statement of the estimated expenditure on development of higher education and research for that year, referred to as the “annual financial statement on higher education and research” comprising the “annual financial support plan for higher education” and the “annual financial support plan for research” for that year.
(2) The estimates of expenditure on development of higher education and research under sub-section (1) shall be based on norms, principles and criteria as may be specified by the Government, from time to time.
(3) The Council shall provide that part of the estimated expenditure planned to be appropriated towards research, along with an explanatory memorandum on the research programmes proposed to be funded and an assessment of the productivity of research programmes funded in the past five years.
(4) The assessment of the productivity of research programmes under sub-section
(3) shall be based on norms as may be specified by the Government, from time to time.
(5) The Government shall cause the annual report on higher education and research, with such modifications as it may recommend, to be laid before the State Legislature.
Fund of the Council.
Grants by the State Government:.
Annual financial statement on higher education and research.
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