Skip to main content

https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Bihar Government Releases Rs. 375 Crore for Retirement Benefits; Presents Rs. 57,947 Crore Supplementary Budget -Details Inside

Earlier, the Education Department had released Rs. 407.83 crore for the salaries of June and July for teachers, staff, and guest faculty members across 13 universities and related institutions
Indian Masterminds Stories

The Bihar government has sanctioned Rs. 375.97 crore for the disbursement of retirement benefits to teachers and employees across 11 state universities. The official order for the release of funds was issued by Prof. N.K. Agarwal, Director of Higher Education. The amount covers benefits for the months of June and July, applicable to regularly appointed retired teachers and staff in state universities, affiliated colleges, minority colleges, and deficit-grant colleges.

Also Read: Jharkhand Government Bolsters Healthcare with Appointment of 126 Specialist Doctors – Know More

University-wise Allocation of Funds

  • Patna University: Rs. 23.55 crore
  • Magadh University: Rs. 68.83 crore
  • BRA Bihar University: Rs. 57.88 crore
  • Jaiprakash University: Rs. 21.56 crore
  • Veer Kunwar Singh University: Rs. 30.8 crore
  • BN Mandal University: Rs. 32.36 crore
  • Tilka Manjhi Bhagalpur University: Rs. 39.35 crore
  • Lalit Narayan Mithila University: Rs. 59.32 crore
  • Patliputra University: Rs. 25.85 crore
  • Purnia University: Rs. 11.74 crore
  • Munger University: Rs. 4.73 crore

Earlier, the Education Department had released Rs. 407.83 crore for the salaries of June and July for teachers, staff, and guest faculty members across 13 universities and related institutions.

Monsoon Session Begins with Supplementary Budget

The monsoon session of the Bihar Assembly began on Monday with the presentation of the first supplementary budget of Rs. 57,947 crore by Deputy Chief Minister and Finance Minister Mr. Samrat Choudhary. Following the budget presentation, Speaker Mr. Nand Kishore Yadav adjourned the House for the day. The session will continue till July 25, and it is expected to be the final Assembly session before the Bihar Assembly elections.

Purpose and Nature of Supplementary Budget

A supplementary budget is brought in when additional funds are required for ongoing or new schemes that exceed the allocations made in the annual budget. For instance, if a scheme was initially granted Rs. 500 crore but requires Rs. 800 crore, then a supplementary budget is necessary to meet the extra Rs. 300 crore requirement.

Political Developments Ahead of Elections

The upcoming Assembly elections in Bihar are expected to take place in November 2024, with the results likely to be announced in the same month. The electoral contest will primarily feature the Mahagathbandhan (comprising RJD, Congress, and allies) against the NDA (BJP-JDU alliance), along with the emerging Jansuraj Party led by Mr. Prashant Kishor.

On the opening day of the session, CPI (ML) Liberation members protested against the Special Intensive Revision (SIR) of the voter list, alleging discrepancies and raising electoral concerns.

This session marks a critical legislative phase for the Bihar government as it prepares for a crucial political battle ahead.

Also Read: Madhya Pradesh: CM Dr. Mohan Yadav Orders Crackdown on Fertilizer Black Marketing, Calls for Systematic Distribution for Kharif 2025


Indian Masterminds Stories
Join our WhatsApp Channel
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Gujarat's Green Ambaji Plantation Drive: 50,000 Saplings to Be Planted Across 20 Hectares in Aravalli Ranges
Gujarat's Green Ambaji Plantation Drive: 50,000 Saplings to Be Planted Across 20 Hectares in Aravalli Ranges
bhupendra cm
Bhupendra Patel’s US, Canada Visit for Vibrant Gujarat 2027: First Gujarat CM Tour in 25 Years
JVVNL-HCL Arbitration Dispute
Former SC Judge Fights Back After Rajasthan HC Slams Tribunal, Reduces Arbitration Fees
Jodhpur Premises Safety Trial
₹316 Crore Rajasthan High Court Building Red-Flagged Over Safety Risks, Court Orders Immediate Measures
India Defence Modernisation
Explained: How Agni MIRV, Rudram-II and Pinaka Are Transforming India's Military Power
Acoustic Anti-Drone System
Meet Acoustic Anti-Drone System That Can Neutralise Drones Without Bullets, Lasers or Jamming
India-Australia Space Cooperation
India-Australia Space Cooperation Signals New Era for Global Space Exploration
DRDO NETRA-2026 Seminar
What Is Electronic Warfare? Key Takeaways From DRDO NETRA-2026 Seminar
ADVERTISEMENT
ADVERTISEMENT
Videos
Shakeel Ahmad Ganie IRS Interview
‘My Path Has Not Been Straight’: Shakeel Ahmad Ganie’s Journey to the IRS
Sumit Ramteke tn
IPS Sumit Ramteke on the Cases That Changed His Career and Shook Organized Crime | Video Interview
How NAFED is Strengthening Farmers, Markets and Food Security
How NAFED is Strengthening Farmers, Markets and Food Security
ADVERTISEMENT
UPSC Stories
Prachi Jain
A Failed Prelims, A Fractured Leg & One More Shot: How Prachi Jain Made AIR 714
Prachi Jain secured AIR 714 in UPSC CSE 2025 after setbacks, injury and two interviews, and now prepares...
Abhay Pratap Singh UPSC CAPF 2025
From 10 SSB Setbacks to UPSC CAPF AIR 191: Abhay Pratap Singh’s Journey in Uniform
After 10 SSB setbacks, postal department job and two CAPF attempts, Abhay Pratap Singh cleared UPSC CAPF...
From Engineering Desks to the Uniform: The Inspiring Journeys of UPSC CAPF 2025’s Top 5 Toppers
From Engineering Desks to the Uniform: The Inspiring Journeys of UPSC CAPF 2025’s Top 5 Toppers
Sheershoo Deb, Aryan Sheoran, Akanksha Vishwakarma, Rohan and Harsh Shankarlal Solanki prove that there...
CSR NEWS
CSR TIMES Awards
NLC India Bags Gold at CSR TIMES Awards 2026 for Over 150 Rural Infrastructure Projects 
NLCIL recognised in the Rural & Infrastructure Development category after implementing over 150 projects...
Project Bright Horizon
HPCL, Assam Rifles and Antogattva Foundation Sign MoU to Launch Project Bright Horizon in Northeast
Project Bright Horizon aims to directly impact 1,500 people and benefit 2,500 more through better learning,...
CMPDI CSR
CMPDI Partners with Frontline Global Services to Train 60 Jharkhand Youth Under CSR Initiative
 CMPDI will invest ₹73.62 lakh to provide residential Phlebotomy Technician training, helping unemployed...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Gujarat's Green Ambaji Plantation Drive: 50,000 Saplings to Be Planted Across 20 Hectares in Aravalli Ranges
Gujarat's Green Ambaji Plantation Drive: 50,000 Saplings to Be Planted Across 20 Hectares in Aravalli Ranges
bhupendra cm
Bhupendra Patel’s US, Canada Visit for Vibrant Gujarat 2027: First Gujarat CM Tour in 25 Years
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Shakeel Ahmad Ganie IRS Interview
Sumit Ramteke tn
How NAFED is Strengthening Farmers, Markets and Food Security
ADVERTISEMENT
ADVERTISEMENT