Financial Crisis Forces Annamalai University Shuts Down

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Financial Crisis Forces Annamalai University Shut Down Annamalai University, established in 1929 by Madras Presidency, shut down all departments on Saturday following a stand-off with staff members over the reported plan to cut jobs and salaries. University vice-chancellor M Ramanathan on Wednesday had announced that the management proposed to retrench a section of staff members and resort to a 50% cut in salaries of others to overcome a financial crisis.

Academicians, trade unionists and legal experts are blaming the Tamil Nadu government for its failure to regulate the functioning of the 83 year old institution.Academicians and trade unionists feel that the Madras Presidency and subsequent state governments accorded enormous administrative powers to the family of Rajah Sir S R M Annamalai Chettiar, who donated Rs 20 lakh in 1929 to establish the university at Chidambaram. After Annamalai Chettiar, his son and grandson went on to become the pro-chancellors. There are widespread allegations that the management went on a recruitment spree for personal benefits, which led to the present financial crisis.

The university is known for its professional courses by students in the state and sought after for its distance education across the country. At present, there are 30,000 students pursuing various programs in the regular stream and over 4.5 lakh students in the distance education mode. There are 3,896 teaching faculty members and 9,434 non-teaching faculty members in the university as against the government’s sanctioned strength of 860 teaching posts and 1,820 non-teaching posts. The future of the students and employees hangs in the balance.

Full Report : TOI

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