Despite fund crunch, employees to get arrears

Date:

Share post:

spot_imgspot_img

SHILLONG: Despite the poor fiscal position of the state, the finance department will not withhold the third and last 30 per cent pending arrears of the government employees.
An official with the finance department said that after the implementation of the recommendations of fifth pay commission, 40 percent of the pending arrears was released in 2017, 30 percent in 2018 and the remaining 30 percent will be released in December before Christmas.
The commitment of the government was that the pending arrears will be disbursed in three installments.
However, the release of arrears will bring additional burden of over Rs 230 crore to the state exchequer.
The state government is spending over Rs 450 crore per month for salary and pension of the employees.
The loss of revenue due to the NGT ban on coal mining in the state has added to the financial crunch.
Sources said there will be delay on the part of 15th Finance Commission to release funds as sought by the state government.
)Chief Minister Conrad Sangma had earlier submitted an additional memorandum to the 15th Finance panel chairman in New Delhi for more funds.
The chief minister had sought Rs 4,340 crore as assistance for implementation of many projects during 2020-25 as supplementary demand.

spot_imgspot_img

Related articles

TMC slams CUET, NEET as ‘institutional barriers’

SHILLONG, July 26: The Trinamool Congress on Sunday branded national entrance tests like CUET and NEET as "institutional...

Pradhan’s exit ‘voluntary’, not due to protest, says State BJP

SHILLONG, June 26: Rejecting the narrative of a hard-won victory for student protesters, the State BJP on Sunday...

NPP banks on scientific mining to win coal heartland

SHILLONG, June 26: Ten years after the National Green Tribunal (NGT) crippled the economy of East Jaintia Hills,...

VPP slams post claiming bypoll candidate’s withdrawal

SHILLONG, July 26: In a high-tech escalation of Meghalaya’s political rivalry, the Voice of the People Party (VPP)...