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Telangana to pay part of employees' salaries in cash

IANS  |  Hyderabad 

The on Tuesday decided to make part payment of salaries of its employees in in view of crunch due to of high value currency notes.

The Finance Department has issued the orders for payment of Rs 10,000 in to each employee and pensioner towards their salaries and pensions for November.

It directed nationalised and agency banks to make the part payment in from the salary and pension accounts. The banks were directed to make separate counters for employees and if necessary function till late hours.

The Non-Gazetted Officers' Union had requested the to allow employees and pensioners to draw the entire amount in in view of the difficulties faced by them due to of Rs.1,000 and Rs.500 notes.

The state every month pay Rs 2,500 crore as salaries and pensions.

There were apprehensions that the state may impose a cut in salaries due to fall in revenues following demonetisation. However, the has stated that the salaries will be paid in full.

Chief Minister K. Chandrasekhar Rao on Monday said that the state was suffering revenue loss due to demonetisation. He said if the current trend continues, the state may suffer revenue loss of Rs 7,500 crore during the current financial year.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Telangana to pay part of employees' salaries in cash

The Telangana government on Tuesday decided to make part payment of salaries of its employees in cash in view of cash crunch due to demonetisation of high value currency notes.

The on Tuesday decided to make part payment of salaries of its employees in in view of crunch due to of high value currency notes.

The Finance Department has issued the orders for payment of Rs 10,000 in to each employee and pensioner towards their salaries and pensions for November.

It directed nationalised and agency banks to make the part payment in from the salary and pension accounts. The banks were directed to make separate counters for employees and if necessary function till late hours.

The Non-Gazetted Officers' Union had requested the to allow employees and pensioners to draw the entire amount in in view of the difficulties faced by them due to of Rs.1,000 and Rs.500 notes.

The state every month pay Rs 2,500 crore as salaries and pensions.

There were apprehensions that the state may impose a cut in salaries due to fall in revenues following demonetisation. However, the has stated that the salaries will be paid in full.

Chief Minister K. Chandrasekhar Rao on Monday said that the state was suffering revenue loss due to demonetisation. He said if the current trend continues, the state may suffer revenue loss of Rs 7,500 crore during the current financial year.

--IANS

ms/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Telangana to pay part of employees' salaries in cash

The on Tuesday decided to make part payment of salaries of its employees in in view of crunch due to of high value currency notes.

The Finance Department has issued the orders for payment of Rs 10,000 in to each employee and pensioner towards their salaries and pensions for November.

It directed nationalised and agency banks to make the part payment in from the salary and pension accounts. The banks were directed to make separate counters for employees and if necessary function till late hours.

The Non-Gazetted Officers' Union had requested the to allow employees and pensioners to draw the entire amount in in view of the difficulties faced by them due to of Rs.1,000 and Rs.500 notes.

The state every month pay Rs 2,500 crore as salaries and pensions.

There were apprehensions that the state may impose a cut in salaries due to fall in revenues following demonetisation. However, the has stated that the salaries will be paid in full.

Chief Minister K. Chandrasekhar Rao on Monday said that the state was suffering revenue loss due to demonetisation. He said if the current trend continues, the state may suffer revenue loss of Rs 7,500 crore during the current financial year.

--IANS

ms/vd

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

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