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Punjab board heading towards major financial crisis fails to pay June salary

Punjab board heading towards major financial crisis fails to pay June salary

The monthly expenditure of the board is 15 crore, of which 5 crore goes in salaries and 5.5 crore in pension payment. The board has offices in each district of the stateMohali The Punjab School Education Board has failed to failed to pay June salary to its 1100 employees and pension to 1600 odd retirees.Director public instructions secondary which is running its office from the board building in Phase 8 has not paid rent and arrears since 2012 running up a bill of 20 crore. Employees claim that the Adarsh Schools have also proved to be a major drain on the boards revenues.Parvinder Singh president PSEB Employees Association said This is the first time that the board has failed to pay our salaries. The situation is grim. We have provided textbooks to students on time but have not got money from the state government. He added that Adarsh schools had become a liability for the board.

The board constructed 11 Adarsh schools and spends 34 crore a year on these but earns a mere 1.5 crore. This loss of 32.5 crore a year is eating into the boards finances.In 2007 the board under the then chairman Dalbir Singh Dhillon spent 16 crore on the building of such a school in Mohali. The building has now been given to Punjab government departments on rent but payment is irregular.


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