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August 6, 2018

University Grants Commission of India (UGC) asks Registrars of all Universities to Refund Interest Gained against Grants or Aids and Report Compliance

University Grants Commission, India

New Delhi, August 6, 2018 — The University Grants Commission of India (UGC) has asked all the Universities to refund the interest against grants or aids released to them.

“All interests earned against grants-in-aid released to university should be mandatorily remitted to the UGC account after finalization of accounts. Any interests earned out of grants-in-aid should not be treated as additional funds over and above the allocation,” the commission said in a communication to Registrars of all Universities.

The UGC has asked the universities to refund the amount at the earliest and send the compliance report to it.

|GlobalGiants.Com|


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Edited & Posted by Editor | 8:40 AM | Link to this Post


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