To celebrate Onam govt needs Rs. 7700 Cr.

Thiruvananthapuram: The state government is planning to issue debentures worth Rs 2500 Crore to meet the total 7700 crore expense during Onam. Government needs this huge amount to disburse the salary, bonus, pension and social security pensions. Nearly 3100 crore rupees are required for distributing the arrears of social security pension alone. The government is also planning to take loan worth Rs. 1500 crore from the Welfare Fund Boards. The finance department has decided to find the rest of the money in effective tax collection.

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