Disbursement of welfare pension hit in Kerala:Issac

Image
Press Trust of India Thiruvananthapuram
Last Updated : Dec 30 2016 | 7:22 PM IST
Kerala Finance Minister T M Thomas Issac today alleged that disbursement of welfare pension in the state has been hit due to currency shortage.
Pension disbursement has been affected as RBI failed to ensure the required currency necessary for it, Issac said in a press release here.
An amount of Rs.100 crore is necessary everyday from December 26 to 31 for pension disbursement and the state had requested RBI to provide Rs 506 crore for the purpose,he said.
"But, it has not been handed over by RBI," he added.
Issac said salary of government employees would be credited in their account and dismissed reports that government was planning to impose restrictions for withdrawal from salary account.
The state budget for 2017-18 would be presented in February end or March, he added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 30 2016 | 7:22 PM IST

Next Story