No delay for Salaries

     Written by : SMTV24x7 | Fri, Nov 25, 2016, 04:12 AM

No delay for Salaries

Amaravati, Nov 25 : Finance Minister Yanamala Rama Krishnudu assured that salaries to employees will be paid as per schedule even though state revenue is expected to decline due to demonetisation

He said that it may take some more days to asses the exact impact of currency ban on state Government.

He said all political parties are welcoming PM Modi's decision but expecting to fix the implementation errors.

"By December, new Assembly building at Amaravati would get complete and Assembly session will be conducted in 1st week of January" he added.

According to the legal sources AP Govt's monthly income is around Rs.3800 cr and due to demonetisation effect it got drop around 50%.

It is observed that the impact might be continue 2 more months.