Financial Daily from THE HINDU group of publications
Tuesday, Jul 09, 2002
Financial Daily from THE HINDU group of publications Tuesday, Jul 09, 2002 |
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Industry & Economy
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Economy Kerala: No more delay in pension disbursal Our Bureau
THIRUVANANTHAPURAM, July 8 WITH the State Government resorting to routing of pension payments through nationalised banks as against the extant practice of despatching thousands of money orders, complaints of delay in disbursals have been mostly taken care of, an official spokesman of the State Finance Ministry said. The money order payments were discontinued on June 1 this year as part of the belt-tightening measures taken by the Government. But, responding to specific representations subsequently, the Government restored money order payments at its own cost to those who received minimum pension payments. Along with this, the Government, in a magnanimous gesture, reverted back to the money order system payments in the case of those beneficiaries above 75, invalids who found it difficult to present themselves at the treasuries, the mentally deranged and those otherwise indisposed. Currently, pension payments are executed mainly through four windows: treasuries, pensioner's treasury savings bank accounts, nationalised banks and money orders paid for by the pensioner, the spokesman said. Exceptions for money order payments have been made only in the case of invalids and the indisposed as mentioned above, the spokesman added. Rs 8 cr disbursed as lottery prize: The State Lotteries Department has given away Rs 8.40 crore to those who have won prizes under different denominations over a period of the last three months. According to the Director of Lotteries, out of the total amount, Rs 7.05 crore went to winners of the top prizes. The State Lotteries Department conducts four draws of lots every week under the Maveli, Periyar, Kairali and Sowbhagya schemes. So far, 41 persons have been given a sum of money equivalent to the first prize under each scheme. In the month of June alone, Rs 7 crore was disbursed, the spokesman said.
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