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State in financial dire straits again?

Nagaland News

KOHIMA, JANUARY 5: Public servants are still in festive hangover in Nagaland as offices are almost empty, but the State Government is also likely to delay releasing their salaries.
The State Government has directed Senior Treasury Officers, Treasury Officers and Sub-Treasury Officers to withhold payments and allowances till further order. This is the second consecutive month the Government is delaying in releasing salaries of its employees.
In December last year, salaries of Government employees were released only on the eve of Christmas.
The Government said this measure has been taken due to the process of up-to-date reconciliation of expenditure but sources said Government is reportedly in dire financial constraint and that they are knocking at the doors of financial institutions to salvage the Government and avoid embargo by the Reserve Bank of India (RBI).
Some Government officials have also said Government’s coffer do not have enough money even to pay its employees.
A source said Chief Minister Neiphiu Rio, who holds the Finance portfolio, was seeking loan from financial institutions to tight over the situation.
The State Government has already cut down expenditures in the Departments but this has not helped in fiscal management.
Meanwhile today is January 5 but offices are almost empty, including in the State capital.
(Page News Service)

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