Salary in instalments: KSRTC's affidavit filed in Kerala HC defends rationale

1 min read
Read later

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.

Add Comment
Related Topics

Get daily updates from

Disclaimer: Kindly avoid objectionable, derogatory, unlawful and lewd comments, while responding to reports. Such comments are punishable under cyber laws. Please keep away from personal attacks. The opinions expressed here are the personal opinions of readers and not that of Mathrubhumi.

K.U George shares his experience After the Odisha train accident

2 min

Family from Kerala recalls the horrors of Balasore tragedy

Jun 4, 2023


1 min

Monsoon rains to be delayed in Kerala

Jun 4, 2023


1 min

Academic calendar: Kerala School Teachers Association slams govt move

Jun 4, 2023