UGC delays funds, two varsities break short-term deposits
(WorldNews India)

Two of the three central universities in the capital had to break their short-term deposits before maturity last year, in order to bear their expenses, including paying salaries of their employees, due to delay of grants from the University Grants Commission (UGC). Information received by The Indian Express, under the Right To Information (RTI) Act, has revealed that both Jawaharlal Nehru University (JNU) and Jamia Millia Islamia encashed their deposits, with the former encashing Rs 795 lakh. Advertising In response to the RTI application, JNU´s Deputy Registrar (Finance) Gagandeep Singh said, `Due to non-receipt of grant in time from UGC, the University encashed TDRS (Term Deposit Resource...