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Educational News Today
Thursday, Mar 01, 2012
Plea to solve financial crisis in MG varsity

Kottayam: Mahatma Gandhi University Employees Union (MGUEU) has urged the State Government to take steps to solve the financial crunch that is being faced by the university.

Speaking at a press conference here on Wednesday, MGUEU president A. Muraleedharan Pillai said that an immediate sanctioning of an amount of Rs. 15 crore was necessary for the University to overcome the problem. He attributed the situation to the ‘discriminatory' allocation of non-plan funds by the successive State government over the years.
The recommendation of the Finance Review Committee to enhance non-plan grants to meet the expenditure for salaries and pension must also be implemented to avoid an imminent crisis. While the university, at present, required approximately Rs. 6.2 crore per month to meet the wages and salaries of its employees, the non-plan grant has been limited to Rs 3.09 crore, thereby, creating a deficit of Rs 3.11 crore, he said.

He added that Mahatma Gandhi University trailed behind other major universities of the state in terms of the financial support. While the university had received a meagre Rs 37 crore as annual grant during the period of 2011-12, the University of Kerala and the Calicut University had received Rs 89.34 crore and Rs 64.89 crore respectively.

Mahatma Gandhi University is now forced to find resources to meet its expenditure through diversion of funds. The union will discuss the problem, in addition to other issues, during its annual meet that will be held at the University campus on March 1.
Courtesy: The Hindu
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