Cash-starved KU seeks Rs 350 crore

Kurukshetra, February 21

Kurukshetra University (KU), which has been facing financial crunch, has urged the state government to approve a budget of Rs 350 crore for the next financial year to clear pension and old liabilities, including arrears.

The university has 360 regular teachers, 172 contractual staff, 1,400 non-teaching staff and nearly 1,800 pensioners. It requires a monthly budget of Rs 21.5 crore to pay salaries and pension. Besides, there is an old liability of Rs 90 crore.

According to information, the university has an annual budget of Rs 480 crore, out of which the government gives a grant of Rs 125 crore for recurring and non-recurring expenditures while the rest of the funds are generated by the university itself. The government has already released Rs 85 crore in two instalments. — TNS