State won’t pay staff in cash, will ask RBI to re­lax with­drawal norms

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - FRONT PAGE - HT Cor­re­spon­dent ht­metro@hin­dus­tan­times.com

The state govern­ment won’t be pay­ing its staff salaries in cash, as de­manded by the em­ploy­ees. It has, how­ever, de­cided to re­quest the Re­serve Bank of In­dia (RBI) to per­mit govern­ment em­ploy­ees to with­draw their en­tire salary at one go, by re­lax­ing ex­ist­ing re­stric­tions. Em­ployee unions wanted two-months’ salaries in cash.

They had also de­manded an ad­vance of a cer­tain amount from the salary to be given in cash.

The fi­nance de­part­ment has clar­i­fied that pay­ment of salary in cash will not be pos­si­ble for rea­sons such as not enough avail­able cur­rency, se­cu­rity of the chests at the district and taluka lev­els and the po­lit­i­cal reper­cus­sions of the de­ci­sion.

The state govern­ment dis­burses Rs7,500 crore a month to­wards pay­ing its 17.5 lakh em­ploy­ees across Ma­ha­rash­tra. It will have to dis­burse the cash through its 12,000 trea­suries in var­i­ous of­fices in the state, but that amount of cash will not be avail­able, the of­fi­cers said.

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