Financial Problems at Tribhuvan University.
There was a financial crisis at Tribhuvan University. The government’s inadequate funding has caused Tribhuvan University to experience financial difficulties. Since July 2022, Tribhuvan University is unable to pay pensions to retired faculty members and employees because of a lack of funding.
The pension could not give, according to University Registrar Prof. Dr Peshal Dahal, who was speaking at the beginning of the University Alumni Association’s 4th National Conference. He stated that the government had provided a budget of 9 billion, but the university assembly had approved a budget of 28 billion for the previous fiscal year.
According to Registrar Dahal, the institution spends 10 billion on salaries and benefits and 4 billion on pensions. While there are 16,065 teaching and administrative positions at the institution, only 13,000 individuals are receiving salary allowances from the government, according to the university’s vice chancellor, Prof. Dr. Dharmakant Baskota.
Financial Problems at Tribhuvan University
Former vice chancellors Prof. Dr. Tirtharaj Khanian and Kedarbhakta Mathema, former president of the Nepal Federation of Commerce and Industry Pradeep Kumar Shrestha, Chief Executive Officer of National Commercial Bank Kiran Kumar Shrestha, and other speakers in the program expressed the opinion that the university could not make changes in accordance with the passing of time. They said that the institution was unable to provide the requisite trained labour, so the students were compelled to pursue higher education elsewhere.
A new working committee for the association will be chosen at the conference. Global IME Bank presented a lesson on online banking during the event as well. At the conference, the Association’s general secretary, professor Dr. Ridish Kumar Pokharel, gave a report on the organization’s operations, while the treasurer, professor Dr. Kushmila Acharya, gave a report on the fund.
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