Financial Administration of Universities in Maharashtra

Administration as an activity is as old as society itself. But as an area of study is originated, with the publication of Wilson¿s essay on study of Administration in 1887.1 As a process, administration occurs in both public and private organizations. It occurs in such diverse institution as settings as a business firm, labour unions, religious or charitable organizations, educational institutions, etc. Its nature is affected by the sphere with which it is concerned. Administration is commonly divided into two types: Public and Private Administration. As an aspect of government activity it has existed since the emergence of political system. While public administration relates to the activities carried out by government, private administration refers to the management of private business enterprises. It is important to understand the functioning of administration for the understanding of the government lies on this. Kautilya in his Arthashastra says that the entire administration of the country can be controlled through financial administration and that is why financial administrators in the University should be given utmost importance to financial administration.