University of Madras draws on pension and endowment fund to meet salary expenses

University of Madras draws on pension and endowment fund to meet  salary expenses

Sources say University of Madras has a monthly recurring expense of about ₹18.61 crore. | Photo Credit: File photo Amid acute financial constraints and a proposal for grant-in-aid pending with the State government, the University of Madras has diluted the Contributory Pension Scheme Fund and Endowment Fund to disburse salary/pension and meet other obligatory expenses … Read more