Will increase grant to Panjab University this year, says Punjab govt | punjab$chandigarh | Hindustan Times
Today in New Delhi, India
Oct 19, 2017-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Will increase grant to Panjab University this year, says Punjab govt

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.

punjab Updated: Apr 26, 2017 10:47 IST
HT Correspondent
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.
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.(HT File )

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.

With the creation of separate universities in the neighbouring states of Himachal Pradesh and Haryana, the respective state governments withdrew the affiliation of their colleges from PU as well as their contributions towards maintaining the varsity’s deficit. As the consequence of withdrawal of support, the consultative committee of the Centre fixed the ratio of 60:40 between the Centre and Punjab government for funding the deficit of PU.

In the financial year 2000-2001, the Punjab government restricted its share to a rounded figure of ₹16 crore, instead of ₹19.26 crore at 40% of then deficit, irrespective of the actual deficit thereafter.  Such contribution has been slightly revised by Punjab government from time-to-time and its present limit is ₹20 crore, but it only constitutes about 10% of the current deficit.

The UGC too froze the funding at ₹176 crore in 2014-15 and thereafter.