Ref. No.: IITM/DSRIC/02/2020/01-05
Date: 20-01-2020
Title: Notification regarding modification in consultancy fee norms
NOTIFICATION
Subject: Modification in consultancy fee norms.
The Board of Governors in its 26th meeting held on 30th August, 2019 is pleased to approve the item no. 26.2.26, based on the recommendations of the ISC made vide item no. (5) in its meeting held on 19th August, 2019 regarding modification in consultancy fee norms and PDF. The modifications are as under:
- Cumulative project values of a Principal Investigator (P.I.) within a financial year (FY) will be considered for the calculation of the overhead under consultancy projects.
- If, Consultancy projects of a Principal Investigator (P.I.) where the consultancy fee has been credited to Professional Development Fund (PDF) will not be counted in the cumulative amount.
-S/d-
Assistant Registrar
SRIC&IR
Assistant Registrar
SRIC&IR
CC To:
1. Director office
2. Faculty members
3. Finance & Account Officer
4. AR (Audit & Accounts)
5. SRIC File
1. Director office
2. Faculty members
3. Finance & Account Officer
4. AR (Audit & Accounts)
5. SRIC File
