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