IIT-Kharagpur requests relaxation in withdrawal limit

IIT-Kharagpur Registrar has written to Higher Education Secretary V S Oberoi requesting exemption from this limit.

By: Express News Service | New Delhi | Published:November 23, 2016 3:45 am

IIT-Kharagpur has written to the HRD Ministry seeking relaxation in the weekly withdrawal limit citing difficulties faced in day-to-day functioning. The government has fixed the weekly withdrawal limit at Rs 50,000.

IIT-Kharagpur Registrar has written to Higher Education Secretary V S Oberoi requesting exemption from this limit.

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Sources said that the HRD Ministry may soon write to the Finance Ministry to communicate the difficulties being faced by universities and institutes and their need for more cash to carry out their administrative functions. It is not clear if the ministry will bat for just the centrally funded institutions or all institutes.

“We are a community of 20,000 people on campus. There are 40 academic units at IIT Kharagpur. The institute needs close to Rs 2 lakh in cash to carry out various functions. We are not used to operating completely in a cashless manner. Till we make that transition, we have requested the ministry to relax the withdrawal embargo,” said an official of IIT Kharagpur, who did not wish to be identified.