Tough outlook in June for State’s finances
The Hindu
Rythu Bandhu payment due next month; revised pay scales to employees likely to figure
The State is heading towards tough times in June in terms of finances as it has several key promises to fulfil. For uninterrupted implementation of ‘Rythu Bandhu’, farmers’ investment subsidy scheme, the government has to meet the next instalment ahead of the kharif season commencing around the second week when it is expected to credit ₹ 5,000 an acre into the accounts of around 60 lakh farmers amounting to ₹ 7,400 crore. Expenditure on account of another major head, implementation of revised pay scales to all government staff effective April, is also due entailing an additional expenditure of close to ₹ 1,000 crore a month. Employees are anxiously awaiting the formal orders over the implementation of the new pay scales which are yet to be issued so far.
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