Finally Central Government agreed to clear the financial deficit of the PU

Panjab University (PU) Vice-Chancellor R.C. Sobti on Tuesday announced that the central government has agreed to provide a grant to clear the financial deficit of the varsity.

"The centre has agreed to provide nearly 90 percent grant to the university to clear its financial deficit. However, there would be no change in the governance or in the governing and administrative set-up of university," Sobti told the sources here on Tuesday.

The Punjab government would provide funds to clear the rest of the deficit, he said.

"But to claim this grant from the central government, we have to strictly fulfil the norms of the UGC (University Grants Commission) and the HRD (human resource development) ministry," said Sobti.

The university has also got a green signal from the ministry concerned for the payment of pending arrears to its employees, he said.


"Following the release of funds to the varsity, the teaching and non-teaching employees will get another installment of 50 percent of the arrear amount of pay revised by the sixth pay commission. The staff had already got 30 percent of the arrear earlier," he said.

According to a university spokesperson, a professor will get around Rs.500,000, a reader and associate professor will get between Rs.200,000-400,000, while each lecturer will get between Rs.90,000-Rs.125,000 as arrears.