As part of Deepawali bonanza for the State Government employees, the State Government has decided to disburse Deepawali bonus by October 26 and salary by October 28. Deepawali would be celebrated on October 30, a Sunday. The State Government is taking loans from the markets to please a large section of its employees ahead of the election.
A State Government officer said that salary and bonus would be cleared for the employees ahead of the festival. It has been decided that bonus would be given to those who are receiving grade pay of Rs4800 or below. They would receive Rs6908 each by way of Deepawali bonus. The State suffering from fund crunch , the State Government would take loan of Rs500 crore from the market.
Talking to The Pioneer, an officer said that the decision to clear salary and bonus ahead of the festival has been taken to help the employees celebrate the Deepawali properly. “They are expected to shop in the local markets. This would help the traders who have made a good stock of various items too.
The State Government going through fund crunch, we have been arranging money from the markets. We have already written to RBI, informing it. Tender would be floated soon for taking loans,” he said, adding that the procedures would be monitored by RBI Kanpur.
Talking to the media , the secretary Finance said that they are seeking Rs500 crore as loan. “Once the money is received the process of disbursing bonus would start,” he added.