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
Anant-Swarup
Who Is Anant Swarup? Trade Expert and Former IRPS Officer Now Heads FICCI Secretariat
Rajasthan Food Safety Commission
Rajasthan’s Food Safety and Drug Control Dept Faces Leadership Gap; Junior IAS Handling Additional Charge
bpcl
BPCL Signs ₹4.45 Crore MoU for 1.7 MW Rooftop Solar Project at Shirdi to Promote Clean Energy
AVNL Indigenous Engine Plan
AVNL Partners with Dynatron Services to Expand Defence Exports Across Key Global Markets
DVC
DVC Contributes ₹50 Lakh to Palamu Tiger Conservation Foundation for Wildlife Protection in Jharkhand
powergrid
POWERGRID Wins Green World Award 2026 for Excellence in Climate Change and Sustainable Energy Initiatives
Rail Vikas NIgam Limited RVNL
RVNL Secures ₹967 Crore East Coast Railway EPC Project for Major Rail Line Expansion in Odisha
RailTel SD-WAN Order
RailTel Secures ₹100 Crore Konkan Division Order for Integrated IT System to Monitor Minor Minerals
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Saurabh Katiyar
How IAS Saurabh Katiyar is Making Government Offices Citizen-Friendly in Mumbai | Video Interview 
DM Motihari
How DM Saurabh Jorwal is Turning Motihari into Bihar’s Next Growth Hub
YV Jhala
Once in the race to become India’s national bird, today is on the brink of extinction
ADVERTISEMENT
UPSC Stories
WhatsApp Image 2026-04-16 at 2.22
A Son Who Carried His Family Through Crisis, Now Steps Into IPS with AIR 561
From working as a watchman and delivering tiffins to securing AIR 561, Gaikwad Bapusaheb Ratan’s journey...
Akash Jaggi
How Akash Jaggi Turned a Medical Background into a Mission for Public Service
Akash Jaggi, AIR 747, shares his journey from Jammu & Kashmir to UPSC success, overcoming CSAT struggles,...
Ajit Singh UPPSC
How Studying During Travel Helped Ajit Singh Crack UPPCS with Rank 39
Ajit Singh secured rank 39 in UPPSC 2024 while working full-time by using travel time for study. Learn...
CSR NEWS
ews
DVK Foundation Launches Scholarship Programme for EWS Students at BGIS Vrindavan
BGIS Vrindavan Partners with DVK Foundation for EWS Student Scholarships
ECIL
ECIL Completes CSR Project by Handing Over Retaining Wall at Rastriya Vidya Kendra, Telangana
ECIL Enhances Student Safety and School Infrastructure in Medchal-Malkajgiri District Through Corporate...
ntpc
NTPC WR-I Launches ₹7.64 Crore CSR Project to Renovate IPD Blocks at N.M. Wadia Hospital, Solapur
Renovation of Buildings A, B, and Annex to Strengthen Healthcare Infrastructure, Improve Patient Care,...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Anant-Swarup
Who Is Anant Swarup? Trade Expert and Former IRPS Officer Now Heads FICCI Secretariat
Rajasthan Food Safety Commission
Rajasthan’s Food Safety and Drug Control Dept Faces Leadership Gap; Junior IAS Handling Additional Charge
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IAS Saurabh Katiyar
DM Motihari
YV Jhala
ADVERTISEMENT
ADVERTISEMENT