India News | Maha Govt Releases Rs 500 Crore to MSRTC for Staff Salaries
Get latest articles and stories on India at LatestLY. In a major respite to employees of the Maharashtra State Road Transport Corporation (MSRTC), the state government on Thursday released Rs 500 crore to be disbursed towards salaries and other necessities, an official said.
Mumbai, Sep 2 (PTI) In a major respite to employees of the Maharashtra State Road Transport Corporation (MSRTC), the state government on Thursday released Rs 500 crore to be disbursed towards salaries and other necessities, an official said.
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As per an official release, a budgetary allocation of Rs 1,450 crore had been made for the MSRTC for the current financial year, of which Rs 838 crore has already been disbursed.
Deputy Chief Minister and Finance Minister Ajit Pawar directed that of the remaining Rs 612 crore, Rs 500 crore be released immediately, the official said.
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The amount will be used for salaries of employees and other essential financial needs of the corporation, he said.
The COVID-19 pandemic has severely hit the transport body's revenue and a committee headed by Pawar is working on measures to revive it.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)