Representational Image | Photo: Sreejith P Raj / Mathrubhumi
Kochi: KSRTC has informed in High Court they could give employees' salaries before the 10th of every month if paid in two instalments.
Meanwhile, those employees seeking the entire amount will receive their salary before the 15th of every month.
In an affidavit filed in the high court, KSRTC informed that employees who require payment in full amount need to file a self-declaration in the concerned depot/unit.
The affidavit was filed by KSRTC as a reply to a petition filed by its employees questioning the decision to pay salaries in instalments.
KSRTC claims that the order released on February 15 --on paying salary in instalments-- does not violate any rights enjoyed by the employees. The idea is to settle the major part of the salary would be paid by the 5th of every month using available funds and overdraft taken from the bank. The remaining amount will be allocated once KSRTC receives financial aid from the state government, claims KSRTC management in the affidavit.
Earlier, the Kerala High Court order mandated payment of salary before the 10th of every month. The salary is covered by KSRTC using the financial aid provided by the state government. However, KSRTC requires waiting until the 15th of every month for the money. Rs 104 out of the Rs 200 crore profit has been used to pay the salaries. Further, a certain sum is set aside every day to pay off existing bank loans, the affidavit read.