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Alma mater of two PMs, Panjab University grapples with financial crisis

It was ranked at the top spot among India's institutions of higher learning just four years ago. It's alumni includes a former President and two former Prime Ministers, among them Manmohan Singh. But today, the 135-year-old Panjab University (PU) is staring down the barrel of a staggering deficit upwards of Rs 345 crore ($53 million) -- with no immediate solution in sight.

Original: http://www.business-standard.com/article/news-ians/alma-mater-of-two-pms-panjab-university-grapples-with-financial-crisis-117050900294_1.html
Posted: May 9, 2017, 11:46 am