The Council has, at its meeting on 21 June 2016, approved the implementation of a new Financial Information System (FIS) using Oracle E-Business Suite and Oracle Hyperion to meet the long-term needs of the University as well as to fulfill the new requirements of the University Grants Committee (UGC). The new FIS will facilitate segment reporting in 2016-17 and the allocation of costs based on appropriate cost drivers including usage of premise and timesheets of academic staff. We appreciate your keen participation and kind support.