To tide over financial crisis, PU looks at hike in exam fee
Keeping an eye on the financial crisis of Panjab University (PU), the varsity syndicate is set to decide on the hike of examination fee on July 22.punjab Updated: Jul 20, 2016 13:55 IST
Keeping an eye on the financial crisis of Panjab University (PU), the varsity syndicate is set to decide on the hike of examination fee on July 22.
The hike can generate about Rs 35 crore of income. The current examination fee contribution is 49% and has the highest share in PU’s income (Rs 115.10 crore). A rise of Rs 35 crore will raise the examination fee contribution by 30.4%.
The fourth meeting of panel formed to suggest measures to generate varsity’s revenue, on July 9, had opined that funds for varsity can be generated only by “examination fee and not tuition fee”.
It has also been recommended that powers to enhance income of university should be delegated to the vice-chancellor, who in consultation with the dean of university, registrar, controller of examination and finance and development officer will decide on these issues.
“We have decreased the examination fee in courses where a large number of students enroll but increased in those where there are less students. The rise is reflected for duplicate degree, name correction and verification fee. There are areas with no hike lately,” Parvinder Singh, controller of examination, said.
The actual non-plan expenditure of PU for financial year 2014-15 was Rs 404.82 crore. After adjusting the income of the varsity (Rs 192.56 crore) and fixed contribution from Punjab (Rs 20 crore), the net requirement of PU from university grants commission (UGC) was calculated to be Rs 192.26 crore, but UGC sanctioned a grant of Rs 176 crore only. This resulted in net shortfall of Rs 16.26 crore.
For the financial year 2015-16, the actual expenditure had increased to Rs 431.41 crore. After adjusting the university revenue of Rs 209.57 crore, and fixed contribution of Punjab, the net deficit came out to be Rs 201.84 crore. This resulted in uncovered shortfall of Rs 28.86 crore in 2015-16, though figures are under audit.
Current status: No DA since January
After the financial crunch of Rs 45.12 crore for 2014-15 and 2015-16, PU sought Rs 100 crore as first installment for 2016-17, but the UGC first sought an utilisation certificate of Rs 176 crore given in 2015-16 and details of salary payment made to all employees.
On June 17, an audited version of utilisation certificate was solicited from PU which was submitted on June 22.
Finally, on June 29, first installment of Rs 40 crore was granted which enabled the university to pay salaries and pension to PU employees for the month of June but it is yet to release Dearness Allowance (DA) installment due from January 1, 2016.
First Published: Jul 20, 2016 13:54 IST