PU Board of Finance Meeting
The Board of Finance meeting of Panjab University, Chandigarh held today and members deliberated on all the agenda items, few of them are as follows:
The members of BoF approved the grant of handicapped allowance of Rs. 1000/- p.m. to disabled employees of Panjab University with effect from 1.1.2023.
The members of BoF approved the pay of directly recruited Professors (prior to 01.01.2006) as per UGC Regulations be fixed at a stage not below Rs. 43000/- in the Pay Band IV of Rs. 37400-67000+AGP 10000 in terms of Clause-4.0 of Schedule relating to main clause 6.8.0 of UGC Regulations 2010.
The members of BoF approved the position of Associate Dean Student Welfare be created to be filled in by giving an additional charge to a Teacher (as in case of DSW) with an Honorarium @ 3000/- pm to the teacher for holding the additional charge as Associate Dean of Student Welfare.
The members of BoF approved the enhancement of GST rate on construction works from 12% to 18%.
The members of BoF approved the enhancement of Honorarium to Guest Faculty w.e.f. 18.1.2023.
The members of BoF approved the Rate of Honorarium for selection/screening-cum-evaluation (CAS) of Chancellor/Vice-Chancellor’s nominee from Rs. 2500/- to Rs. 5000/- per day and the other terms and conditions regarding entitlement shall remain same.
The members of BoF approved the recommendations of the Vice Chancellor to enhance the fixed remuneration of Part time Assistant Professors (in subjects of law) of the Department of Laws, University Institute of Legal Studies, PU Regional Center, Muktsar, S.S.Giri, PU Regional Center, Hoshiarpur and PU Regional Center, Ludhiana from Rs. 22,800/- pm (fixed) to Rs. 43,275/- pm (fixed) for a working load of 12 hours a week, effective from academic session 2023-24 onwards.
