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KSRTC salary will be disbursed partially from today
LAST UPDATE: Friday, 16 Dec 2016 - 7:47:53 AM
 
Half of the pension will be distributed using the government share of Rs 27.5 crore allotted earlier.

Rs 50 crore was raised by prematurely withdrawing the fixed deposit of the same amount KTDFC had with the treasury. This will however incur a loss of Rs 3.5 crore for KTDFC in the form of interest, which the KSRTC will have to pay later.

Rs 80 crore is required for the disbursement of salary. What is going to be distributed is the salary for the month of November.

Meanwhile, the KSRTC director board has decided to cancel former government's promise of 39 per cent DA but 33 percent of the DA has already been given.

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