Naked King

There are many "king by chance" (read by uterus lottery) in the face of earth thinks "I am the law"
   & there are many more pauper, in fact many many more pauper thinks "ya he is right"
       & there are few courters, who sold their soul to devil, cry out loud "I agree Sir! I agree Sir!" for trivial personal gain.

But some times there are few good Samaritan who thinks otherwise. One fine morning they shout "King you are naked"

Now it is up to the king whom he believes "the own courtier or the whistle blower" Unfortunately history says none accepted the 'whistle blower'.

Most of the time the king is blinded by his own ego without realizing it. That very unrealization excels the king to temple of doom.

But some time KING of the kings make the king realize he is wrong.

To day is one of the day.............

This monologue is not for everybody, but for few people who have knowledge to certain events happened today. Those fortunate (or unfortunate) ones will be able to decipher it correctly.

Fame, shame, defame; anybody listening?

Public dissemination of information about corruption and plagiarism at NIPER made NIPER alumni concerned about the reputation of NIPER and consequences it will have in their career. NIPER Alumni wrote to BOG chairman to take suitable action regarding corruption and plagiarism at NIPER 

 To restore NIPER glory a blog  MikiLeaks floated, anybody listening?

White elephants @NIPER a pictorial review

A. Technology Development Center (TDC). The pilot plant and machinery commissioned in June 2004.

NIPER worked out monthly expenses for running and maintenance to Rs. 12.60 for the period from 15th july 2008 to 14th July 2009 

B. Acoustically challenged community center 

Inaugurated by Secretary, Department of Pharmaceuticals with a huge fanfare on 4th Oct 2010. After that many occasions and functions happened in NIPER. The building is not used for a single hour. Neither any NIPER community (Faculty, Staff, Students) is interested to use it not even for kitty party.

 
C. Olympic size virgin swimming pool serving as a pigeon shelter   

Though NIPER have a Olympic size non functional swimming pool, NIPER lacks a decent size lecture hall to accomodate increasing number of students.

Laboratories are not specious enough to accomodate and do the practical research work so many students just get a chance to peep in the experiments ongoing in the lab from corridor without getting a hands on experience.

D. Green house Created for Standardization of Herbal Products: 









Four state of the art Green house were build with automatic sprinkler system and climate control for growing sustainable medicinal plant resources.

In reality few weeds are growing inside the green house.

A  green house for cactus is also build with modern fixtures. Some fixtures are stolen but not reported to police.

Whatever is growing inside in not cactus. 

NIPER Endowment Fund (Corpus Fund) suffered loss of Interest Rs. 49.56 lakh

CAG (DPC Act 1971) Audit and inspection report on the account of NIPER for the year 2009-10 obtained By RTI. CVC has written a one and half page long para vividly describing how public money is misappropriated.

Relevant extract are as under:

Part-II-A         Serious irregularities

Para I            Loss of Interest-Rs. 49.56 lakh

The institute had been maintaining Endowment Fund (Corpus Fund) as per the directions (November 1997) of the Ministry of Chemicals & Fertilizers, Department of Chemicals & Petro-Chemicals, Govt. of India (GOI)

XXXX

Audit observed that as om 31^st March 2010, the institute was having balance of Rs. 25.24 crore in the Fund which was invested in fixed deposit in the State bank of Patiala, Mohali.

XXXX

Had the institute taken premature withdrawal of fixed deposit of Rs. 10.89 crore in March 2006/May 2006 which was inested at a interest rate of 7.25 persent and again invested it in fixed deposits at available higher interest rate of 8.10 present, the institute could have earned higher bank interest of Rs. 49.56 lakh (after adjusting interest loss of Rs. 16.84 lakh due to premature withdrawal of fixed deposit of Rs. 10.89 crore)

XXXX

It as also observed that the interest rate of fixed deposit investment of funds are being taken from the limited number (2-4 number) of banks which also lacked justification.

Caveat:

           I.     One justification could be nepotism/personal gain of person responsible of investment.

          II.     The same way Provident fund money were also invested causing loss of NIPER employees

On the contrary,

As per NIPER statutes Dated 30^th Oct 2003 Financial powers of Board of Governors are,

3.1.2 Functions and Powers

XXXXXXXXXXXXX

(d)  to manage and regulate the finances, accounts, investments, property, business and all other administrative affairs of the Institute and for that Purpose, to appointment such agents as it may think fit.

(e)  to fix the limit of the recurring and the non-recurring expenditure for a year on the recommendations of the Finance Committee.

(f)   Subject to the provisions of the act to invest any money belonging to the institute including any unapplied income in any manner it thinks fit or in the purchase of immovable property in India.

However all the investments were done by keeping BOG in dark. Only taking cryptic agenda like “to ratify the minutes of Finance committee”

Now the question is for who’s vested interest NIPER lost half a crore? Chairman Investment committee? Current officiating director was the chairman since 2001 till 2010