Skip to main content


PU board of finance to meet on April 10

With the Panjab University (PU) Board of Finance (BoF) assembly set to be hung on Monday, the enhancement of honorarium to visitor college and beginning a handicapped allowance for disabled personnel in keeping with a Punjab authorities notification are probably to return back up.

PU syndicate, the varsity`s government body, in December had accredited the adoption of the University Grants Commission`s (UGC) 2019 suggestions to beautify honorarium for visitor college. As in keeping with the UGC letter, the honorarium for the visitor college may be elevated from ₹1,000 to ₹1,500 in keeping with lecture and the month-to-month ceiling from ₹25,000 to ₹50,000.

The selection changed into accredited via way of means of the vice-chancellor on December 19 and may be cited in the approaching BoF assembly.

The handicapped allowance, to be powerful from January 1, 2023, is about to be ₹1,000 in keeping with month as in keeping with a Punjab authorities notification in December 2022.

The BoF may even planned at the pay of at once recruited professors previous to January 1, 2006, as in keeping with the UGC suggestions. This could have an approximate economic legal responsibility of ₹23.38 lakh. 

The depend were taken into consideration via way of means of the board of finance of their assembly in 2016. The ministry of human useful resource improvement had despatched a rationalization in 2020, with a view to now be positioned in the front of the BoF and the arrear may be paid after the approval.

The BoF may even planned on improving honorariums for selection, screening-cum-assessment and inspection committees in phrases with guidelines made in 2019. The honorariums had been endorsed to move up from ₹2,500 to ₹5,000 in keeping with day for the chancellor and V-C`s nominees. This, however, will now no longer be paid to PU instructors and fellows. They may even talk improving the honorariums paid to inspection committee professionals from ₹1,500 in keeping with day to ₹3,000 in keeping with day.

The board will planned on growing the mileage charge of tour via way of means of car/taxi from ₹10 in keeping with km to ₹14 in keeping with km, with tolls being paid after furnishing evidence of real spending.

The BoF will check out V-C`s advice of making the location of companion dean of scholar welfare. An extra rate of this could receive to a varsity trainer on an honorarium of ₹3,000 in keeping with month.

The board may even don't forget the V-C`s advice to alternate the nomenclatures of the publish of para-scientific-assistant and leader scientific officer in Bhai Ghanaiya Ji Institute of Health Sciences to multi-cause fitness worker (female) and scientific officer, respectively. The nomenclature of laboratory assistant, Dr Harvansh Singh Judge Institute of Dental Sciences, is likewise anticipated to be modified to operation theatre assistant. These will don't have any economic legal responsibility. 


Popular posts from this blog

SEBI restrains Poonawalla Fincorp MD, 7 others

The Securities and Exchange Board of India (SEBI) has barred Abhay Bhutada, director of Poonawalla Finance, and 7 others from accessing the stock exchange after alleged trading . In a 46-page interim order, SEBI said the eight entities had made total wrongful gains of Rs 13.58 crore through trading in shares of Magma Fincorp (now Poonawalla Fincorp) round the time it had been acquired by Rising Sun Holdings (RSHPL). All the Entities, viz: Entity nos. 1 to eight are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders,” the market regulator said witin the interim ex-parte order. RSHPL had earlier this year acquired a controlling stake within the NBFC through an equity infusion of Rs 3,456 crore. Bhutada was director and CEO of Poonawalla Finance, a subsidiary of RSHPL. Bhutada allegedly passed on unpublished price sensitive information (UPSI) to some connected entities, consistent with SEBI’s interim order

What should you know about Redeeming Mutual Funds?

The world of mutual funds is really tricky if you are not focused.   It is not rocket science but you have to be dedicated so as to make the most of your investments.   Whether to invest in ELSS, SIP or other schemes; the choices is always yours. It is always better to go through the option before you make the decision. If you are thinking How to redeem mutual funds online then the good news is that the process is quite easy. And on the basis of the kind of mutual fund you hold, money can get credited to your bank account in a maximum of four to five working days after you submit a redemption request to that specific fund house. How can an investor redeem mutual fund units? A unit of a mutual fund can get redeemed on any business day. In the physical mode, investors might require to fill in the requisite transaction slip and it can be download from the fund house website or that of detach from the bottom of your account statement.   The redemption application could get submitted

Invest your money to get good returns

Money is everything which one needs to enjoy life. In everyone’s life, money can never be sufficient at any stage. Therefore every individual wants to save money and to invest that saved money to get high returns. Investing money on the right platform is not easy with an increase in companies of investment. There are many duplicate companies present in the market which promises to give high returns, and after investment, they cheat on you. One needs to check the company profile before investing the money. Every investor looks for an option where he gets high returns on low risk or moderate risk.   Each shareholder also wants that the company where he is going to invest, is flexible and transparent. Thus the company which satisfy all these points is only mutual fund. Mutual fund: A mutual fund is an investment company with a very reputed name in the share market. A mutual fund is known for its transparency, flexibility, returns and for interesting offers. There is a number of invest