TS Govt said, the SBI, SBH Andhra Bank and nationalised banks have already been informed regarding the salary.
The TS govt has decided to pay 10000 rupees of salaries of government employes and pensions for retired employees in cash form, the rest of the salary will be paid as usual, separate counters will be set up for them the government said as per the report.
Telangana government said the SBI, SBH, Andhra Bank and all other nationalised banks have already been informed regarding the circulation. here TS and AP state governments have made arrangements for salaries to be paid as usual on December 1st as usual and earlier both state govt had planned to pay just half the salary as demonetisation left them beached. Andra Pradesh requires about 2500 crore rupees to pay salaries and pensions and TS Rs 2200 crore rupees every month.
AP govt has told pensioners that their pensions will be credited directly into their bank accounts, the salaries of its regular workers will also be credited into their bank accounts and the government has said that employees should issue cheques for payments like house rent and other payment for milk and other necessities should be done monthly due to shortage of currency notes as per the report.
Telangana finance officials said that the states own income was down by five per cent in November month in the wake of the demonetization and according to preliminary evidence and for both states the actual impact of demonetisation on their revenue will be known in December month. The AP earns about 3500 crore rupees and TS about 5000 crore rupees.
Andhra Pradesh government expects 1760 crore rupees from the Centre as the state share in tax decentralizations.