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The Hindu
The Hindu
National
Ashok Kumar

Loans to universities only for capital expenditure, says Haryana government

On the issue of loans to the State’s universities, the Haryana government has clarified that it was only meant for “capital expenditure” and the grants-in-aid for salaries and wages of the university employees would continue as before.

Speaking to The Hindu, T.V.S.N. Prasad, Additional Chief Secretary, Finance, said all fears and apprehensions surrounding the government’s decision were “unfounded” and the loan being offered to the universities was only for the purpose of capital expenditure and was “interest free” and “in perpetuity”.

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