STOCK MARKET BSE NSE

KSRTC Clears Two Months’ Pension Dues

Published: 29th August 2014 06:00 AM  |   Last Updated: 29th August 2014 04:48 AM   |  A+A-

KSRTC

THIRUVANANTHAPURAM: The Kerala State Road Transport Corporation (KSRTC) has cleared the pension arrears of two months. Transport Minister Thiruvanchoor Radhakrishnan said that `76 crore was distributed to pensioners on Thursday as part of clearing the arrears.

 The amount, along with that for giving Onam benefits to the employees of the Corporation, was mobilised from the `59.85 crore sanctioned by the government, the remaining amount of  `10 crore after disbursing pension benefits and through loans from the financial institutions.

Together it needed `83.5 crore for giving salary, wages, festival allowance and Onam advance to the employees and the workers, he said. 

The Transport Minister on Tuesday announced that the pension arrears of two months would be cleared before Onam and the pension for the month of August would be distributed before September 20.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp