May 2024 AP Pensions & Salaries Update: List of STOs Receiving Payments!
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Title: May 2024 AP Pensions & Salaries Update: List of STOs Receiving Payments!
The salaries and pension bills for employees and pensioners were not fully credited by yesterday evening. The government raised a 4000 crore rupee loan today through the RBI to cover these payments. According to RBI regulations, it may take two to seven days for these funds to be credited to the AP treasury. Even if funds are credited within two days, salary and pension payments will not be completed by the 6th.
An additional delay of two days might be expected. If the previously collected funds were sufficient, payments would have been almost complete. The delay indicates a continuing shortage of funds. Due to the change in government, other methods might be used to make funds available, potentially allowing salary bill movements from this afternoon onwards.
As of the night before last, only some pension bills were credited. No information about pension bills being credited yesterday. Salary bills were partially credited on the first day, but no further credits in the past three days. It is estimated that only about 30% of pension bills have been completed so far.
May 2024 AP Pensions & Salaries Update: List of STOs Receiving Payments!
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