PRC arrears: No cash, only bonds

PRC arrears: No cash, only bonds
x
Highlights

The Telangana government is understood to have decided to pay the Tenth PRC arrears to employees in the form of bonds similar to the decision taken by neighbouring Andhra Pradesh.

Government waiting for EC nod to release GO

Hyderabad: The Telangana government is understood to have decided to pay the Tenth PRC arrears to employees in the form of bonds similar to the decision taken by neighbouring Andhra Pradesh. It may be mentioned here that the government was initially in favour of adding arrears into GPF accounts of the employees.

Chief Minister K Chandrashekar Rao made an announcement on February 5 in which he stated that the government staff in Telangana would be given fitment of 43 percent and it would be implemented from June 2, 2014 (the formation day of the State). Although he directed Finance Department to issue the GO the next day itself, authorities failed to do so.

This was due to lack of clarity on mode of payment of arrears for nine months. Employees and pensioners can draw salaries based on the new pay scales from March onwards. However, the burden on the government for paying arrears (from June 2014 to February 2015) is huge and in this backdrop decision was taken to issue bonds.

Also, government is learnt to have given its nod to extend notional benefits from July 1, 2013 (the day from which the Tenth PRC should have come into effect) which would be helpful for mainly to 2.4 lakh retired pensioners.

Due to these reasons there was delay in issuing the GO and then MLC election notification delayed the matter further. However, the Telangana government has written a letter on this issue to Chief Electoral Officer a few days ago, which was then forwarded to the Election Commission of India. PRC decision was taken much before the model code of conduct came into being and hence there should be no objections in this regard, the government stressed in its letter. It is eagerly waiting for the Election Commission’s permission to release a GO.

Show Full Article
Print Article
Next Story
More Stories
ADVERTISEMENT
ADVERTISEMENTS