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
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
RERA-2
Who Is Ajay Kumar Singh? Retired Jharkhand DGP Appointed Chairman of JHA-RERA
hemant-soren
Jharkhand Unveils Draft Textile & Industrial Investment Policies 2026; CM Hemant Soren to Lead National Stakeholders' Meet
cm bihar
Bihar Plans Major Expansion of AIIMS Patna with 24 Acres Land, 200 Beds and New Healthcare Upgrades
samrat-choudhary-263553606-16x9_0
Bihar Unveils Ambitious Development Plan: Vikramshila University, Model Schools & Medical Colleges by 2030 
tea crop
West Bengal Rolls Out ₹313 Crore Welfare Push for Tea Garden Workers Under PMCSY
rec-logo
RECPDCL Floats RFP for ₹765kV ERES-47 Transmission Corridor to Strengthen Eastern Power Grid 
Amit Shah cooperative sector
Amit Shah Announces Major Cooperative Sector Reforms; 50,000 e-PACS, Bharat Beej Expansion and New Digital Platforms Launched
ChatGPTImageJul62026at07_48_15P
Who Is Krishna Mohan? Retired IFS Officer Appointed Interim General Secretary of Shri Ram Janmabhoomi Teerth Kshetra Trust
ADVERTISEMENT
ADVERTISEMENT
Videos
Divyanshu patel
How A Single-Minded Devotion of Divyanshu Patel Transformed Moradabad
IAS Divyanshu Patel Moradabad
The 5 am IAS Officer Who Transformed An Entire City
NDA Cadet
From History to Heroism: How NDA's First Women Cadets Changed the Academy Forever
ADVERTISEMENT
UPSC Stories
ChatGPTImageJul62026at03_08_06P-2
Balancing Job & Dreams: How Jasmeet Kaur Turned Her Father's Dream into Reality with Rank 1 in UK PCS-2024
Jasmeet Kaur secured Rank 1 in the UKPSC-2024 examination after balancing her duties as a District Social...
Rakesh R UPSC IFS 2025
How Tuticorin's Floods Inspired Rakesh R to Join Indian Forest Service 
Discover how UPSC IFS 2025 AIR 85 Rakesh R transformed childhood experiences of Tuticorin floods into...
Abhijeet Patil
At 22, One of India’s Youngest IPS Officers Is Taking on Gangsters and Human Traffickers in Rajasthan
One of India’s youngest IPS officers, 2023-batch Rajasthan cadre officer Abhijeet Tulshiram Patil has...
CSR NEWS
REC (CSR Initiative)
REC Limited Empowers Women in West Bengal with 600 Sewing Machines Under CSR Initiative
New programme in Bangaon aims to promote self-employment, financial independence, and sustainable livelihoods...
REC
REC Ltd Signs ₹4.22 Crore CSR MoA with IGIAT to Build 100 Smart Classrooms in Assam Government Schools
REC Limited partners with IGIAT to modernise rural education in Lakhimpur and Kaziranga by introducing...
NLC
NLC India Signs ₹21.40 Lakh CSR MoU with Auroville Foundation for Electric Vehicles to Promote Green Mobility
Partnership aims to boost eco-friendly transportation in Auroville, reduce carbon emissions, and strengthen...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
RERA-2
Who Is Ajay Kumar Singh? Retired Jharkhand DGP Appointed Chairman of JHA-RERA
hemant-soren
Jharkhand Unveils Draft Textile & Industrial Investment Policies 2026; CM Hemant Soren to Lead National Stakeholders' Meet
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Divyanshu patel
IAS Divyanshu Patel Moradabad
NDA Cadet
ADVERTISEMENT
ADVERTISEMENT