In his customary year-end press conference last year, Panjab University (PU) vice chancellor Prof Arun Kumar Grover had hoped to see the varsity in better financial health in 2017. What caused the PU financial crisis? PU registrar Col GS Chadha (retd) says the Ministry of Human Resource Development (MHRD) has agreed to pay the salaries as per the 6th pay commission. Besides seeking ₹220 crore from UGC, PU has also sought ₹100 crore from the Centre to implement the 7th pay commission. “The main issue is implementation of the 7th pay commission recommendations.

Source: Hindustan Times December 05, 2017 08:26 UTC