The Stellar News: Punjabi University Patiala is facing financial adversity, therefore unable to pay the salaries and pensions to university employees including professors, peons and security guards. Due to this financial crisis university is unable to organize the annual events from last year.
University expenditure includes Rs. 32 Crore for salaries and Rs. 12 Crore for pensions. Every month, the university takes a grant of Rs. 7.5 Crore from the state government to continue its tasks. Moreover, university is under debt of Rs. 90 crores that are taken from the banks.
According to some professors,university is facing this financial difficulty due to over employment and unnecessary spending by the university. There are 967 security guards and 396 examination peons working in the university. The strength of employees is much more than other universities.
Publication Bureau Head Professor Sarabjinder Singh said, “The university is facing a crisis but the main reason behind this is decline in governmental grants. For instance, a PhD in private college costs around Rs. 3.5 lakh whereas in Punjabi university it costs only Rs. 25,000. From the grant of 110%, university is now getting only 18% grant from the government, whereas salaries and other expenses have increased in last one decade”.
