The financial health of AP has come to the limelight once again. The fiscal deficit over the past few years has been very high and it’s directly showing its effect. The state treasury has taken a toll because of irregular handling of finances in the state according to the experts. In the recent orders issued by the government to the various departments, clearance has been given to issue the salary and some other miscellaneous expenditure in those departments. However, this order doesn’t mention anything about issuing of Pension for the month of October. More than 4.5 lakh employees were to be given pension for the month of October. Sources say that it costs Rs.500 crores every month if the pensions are issued to all the ex-employees. And there are no signs of the Pension being issued anytime soon. This is just the beginning of what many fear would be a crisis situation in the state, which directly puts a question mark on the Government schemes.
14 years ago
0 Responses to State delays Pensions- Stalemate continues for October’s clearance