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Colleges Will Now Have To Submit Fee Proposals

After the colleges submit the application, the FRA will examine profit and loss statement of the institute, balance-sheet, audit report, strength of faculties, their salary structure, infrastructural facilities as well as non-salary expenditure.

Colleges Will Now Have To Submit Fee Proposals
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With an aim to control and regulate hike in college fees, the Fee Regulating Authority (FRA) has issued a circular stating that colleges will now have to submit fresh applications annually each year. Colleges will also have to submit the application even if they're not planning to hike the fee. 

In a circular released last week, FRA made it clear that as per the Regulation of Admission and Fees Act, 2015, there is no provision for declaration or approval of fee structure of any academic year without examining the fee proposal. Many institutes have not submitted their fee structure for the academic year 2020-2021 and continuing to implement the one for the academic year 2019-2020. 

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After the colleges submit the application, the FRA will examine profit and loss statement of the institute, balance-sheet, audit report, strength of faculties, their salary structure, infrastructural facilities as well as non-salary expenditure and approve the fee structure accordingly. 

Earlier this month, The State Education Department released a draft which stated that from the academic year 2019-2020, the schools will be inspected thrice every year as compared to once in a year. Schools have to fill their inspection details in the Unified District Information on School Education (UDISE) system.

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