Himachal Pradesh government employees to get salaries and pensions on ‘these dates’
This information was shared by a state government spokesperson in Shimla on Saturday.
Shimla: There is a section of good news for the federal government employees of Himachal Pradesh as they experienced a five-day delay in getting their salaries in September. They will receive their salary on October 1. This information changed into shared by a state government spokesperson in Shimla on Saturday, 28 September 2024.
The state government spokesperson informed that following a review of the state treasury’s cash flow by the finance department, it has been made up our minds that the salaries for September will probably be disbursed on October 1 while pensions will probably be paid on October 9.
The spokesperson noted that the salaries for August were released on September 5 and pensions on September 10, reflecting the federal government’s commitment to utilizing financial resources judiciously.
He in the same way said that the present Himachal government changed into actively working to play down the gap between receipts and expenditures to confirm timely borrowing, thereby cutting back the interest burden on state loans.
Himachal Chief Minister Sukhwinder Singh Sukhu had informed the Vidhan Sabha on September four that the state requires Rs 2,000 crore monthly to cover the payment of Rs 1,200 crore in salaries and Rs 800 crore in pensions.
CM Sukhu had said that the Revenue Deficit Grand (RDG) of Rs 520 crore and the state’s share in central taxes, amounting to Rs 740 crore, are received on the sixth and tenth of every month, necessitating the raising of loans.
He had also said that borrowing from the market at 7.5 per cent interest to meet salary payments on the first day of each and every month will probably be deferred to avoid wasting about Rs three crore every month, amounting to Rs 36 crore yearly in interest payments.
The choice to free up the salaries for September changed into made after reviewing the state’s financial situation, with consideration for employees who've Equated Monthly Installments (EMI) scheduled for the first of the month, CM Sukhu had said.
(With PTI inputs)
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