Chandigarh, April 26: Punjab government told Panjab University (PU) that it would hike the grant given to the varsity this year but will not be giving arrears of previous years.
PU vice-chancellor Prof Arun Kumar Grover and registrar Col GS Chadha (retired) held a meeting with Punjab finance minister Manpreet Badal on Tuesday night, informing him about the financial crisis faced by university. Finance secretary of Punjab was also present in the meeting.
“It was a positive meeting. We have been assured that there will be a hike this year. As of now, the Punjab government pays a fixed grant of ₹20 crore to PU. The rate of hike has not been decided yet though. They are waiting for the result of Wednesday meeting of PU with MHRD and UGC,” said the V-C.
On the lines of enhancement of grant from Ministry of Human Resource Development (MHRD), PU is seeking increment at the rate of 12.5% from the Punjab government.
The university has represented before Punjab government that took the actual budget allocation of ₹20 crore in 2013-14 as base and enhanced it at 12.5% annually from there onwards. However, Punjab is expected to give enhancement in the grant at the same rate of hike by MHRD/UGC.
News Source: http://www.hindustantimes.com
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