Hyderabad: T government has been crying foul on the notes ban. The government said that their revenue had already fell by over 75% is now saying their coffers are empty.
The effect is already felt. There is no way the government could pay salaries to its employees in view of poor revenue and has decided to give only half of the salary to its employees.
This has been decided after CM discussed with the officials in finance department. CM recalled that the government is paying 2500 crores every month to pensioners alone.
State gets a revenue of 9000 crores every month but the notes band has resulted in a situation wherein even half of it seems impossible now. This decision could affect as many as 3.5 lakh people. KCR government is also of the plan to stop paying DA to its employees.