Lumbini: The 18th senate meeting of the Lumbini-based Lumbini Buddhist University today has approved the proposed budget of over Rs 490 million. The meeting was presided over by Prime Minister and Chancellor of the University KP Sharma Oli at his official residence in Baluwatar.
According to National News Agency Nepal, the budget was presented by the University’s Registrar, Dr. Tilakram Acharya. During the meeting, Dr. Acharya informed the attendees that the University’s arrears stood at 0.5 per cent as of the end of the current fiscal year 2024/25.
The senate meeting of all universities and health institutions are being summoned on short notice following instructions from Chancellor Oli. The directive aims to ensure that the proposed budgets and annual programs are endorsed before the new fiscal year, which begins tomorrow.