1 month ago
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Chief Minister N. Chandrababu Naidu has fixed the greenish awesome for the merchandise of pending bills amounting to ₹7,358 crore to authorities and retired employees, providing important fiscal alleviation crossed the State.
During a reappraisal gathering with Finance Department officials connected Thursday, the Chief Minister assessed the presumption of pending payments inherited from the erstwhile government. He sought details connected the implementation of earlier directives regarding the clearance of worker dues and emphasised the request to expedite payments based connected money availability.
Officials informed the Chief Minister that steps person been initiated to merchandise full ₹7,358 crore, with a information already disbursed. As portion of the process, ₹1,848 crore towards provident money dues has been straight credited into employees’ accounts. Additionally, payments to the tune of ₹76 crore nether Group Life Insurance person been completed for 4,793 beneficiaries.
The authorities is besides successful the process of clearing ₹3,411 crore successful gratuity dues and ₹1,800 crore towards permission encashment for retired employees. Further, ₹223 crore related to further surrendered permission successful the Police Department is being processed, with officials assuring that these payments volition beryllium completed wrong the adjacent 2 days.
Officials noted that this marks 1 of the largest single-phase disbursements to employees pursuing the “Talliki Vandanam” initiative, underlining the government’s committedness to addressing long-pending fiscal obligations.
The Chief Minister directed that each pending bills, including those related to employees and different sectors, beryllium cleared successful a phased mode depending connected money availability. Discussions during the gathering besides touched upon issues faced by employees successful the erstwhile regime, wherever delays and diversion of funds had caused fiscal distress.
In the aforesaid meeting, Mr. Naidu reviewed payments owed to contractors and suppliers. Officials reported that ₹614 crore has already been released to tiny contractors and worldly suppliers crossed departments. Mr. Naidu instructed that precedence beryllium fixed to tiny contractors successful the measure clearance process, recognising their fiscal vulnerability.
Reiterating the government’s committedness to fiscal subject and welfare, Mr. Naidu emphasised that timely payments would not lone enactment employees and contractors but besides boost wide economical enactment successful the State.
