UGC okays Rs 50 cr for PU

Chandigarh, August 23

The UGC has sanctioned Rs 50 crore to Panjab University (PU) as the second instalment of the annual grant. PU Vice-Chancellor Arun Kumar Grover said the university today received the sanction letter of Rs 50 crore and the grant would be released soon.

This will be the second instalment to be received by the university from the UGC in five months for 2016-17. On August 18, at a meeting with PU VC Grover and Satya Pal Jain, Senate member, in New Delhi, HRD Minister Prakash Javadekar had assured them that the grant would be released soon.

On June 29, the UGC had released Rs 40 crore as the first instalment of the grant to the PU. Sources said with the release of the second instalment, the financial condition of the campus would improve and for the next two months, there would be no problem in disbursing the salary to the staff. —TNS