Presidency College has a Centre for Advanced Studies in Economics. This centre was started in 1972 under the Special Assistance Programme of the U.G.C. The centre helps in conducting the teaching programme in Economics at B.A (Hons) level and carries out research programmes. Seminars and workshops are also organised by the Centre on various aspects of macro and micro-economics. The primary thrust of research in the Centre has been in the formulation of approaches and methods for understanding some important problems of Indian economy. Two posts of Professors have been created by the G of West Bengal exclusively for the Centre.The Geology Deptt. of Presidency College has been declared as Centre for Advance Studies (CAS) by the U.G.C. in 2006 and Rs.1 Crore has also be granted for overall upgradation of infrastructure of this Department.
Presidency College is the first college in West Bengal to be declared as the 'College with Potential for Excellence' by the UGC and Rs. 35 lakhs have been granted by UGC which is being used for total computerization of the college. Loreto College, St. Xavier's College and Scottis Church College, Kolkata have also earned this distinction.
Ford Foundation, UGC, DST -GoI, CSIR, etc, have funded special research and academic projects in top government colleges. Presidency College alone has received nearly Rs.5 cr. Libraries, Laboratories and Computer systems have been upgraded to enhance research and other academic facilities.
The Principal's of the Govt. Colleges have been given the financial powers of DPI/Secretary for sanctioning expenditure. They do not have to approach HE Deptt/DPI for these matters, as was the system before.
NON-PLAN PROVISION FOR PAYMENT OF SALARY UNDER THE BUDGETARY HEAD "2202-03-103-NON-PLAN" FOR THE STAFF (TEACHING AND NON-TEACHING) OF THE GOVERNMENT DEGREE COLLEGES (EXCEPTING THE GOVT. ENGINEERING & TECHNOLOGICAL COLLEGES AND MEDICAL COLLEGES).
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