Currency crisis crippled the functioning of treasuries in the State on the second consecutive day on Wednesday.
The Reserve Bank of India (RBI) could provide only 64 per cent of the cash demand placed by the government for meeting the day’s commitments. Finance Minister T.M. Thomas Isaac’s office informed that against the demand for ₹201.96 crore, the RBI could provide only ₹130 crore making use of the balance and the day’s revenue, treasuries disbursed ₹645.3 crore. This system helped to prevent a disruption in payments.
As many as 41,286 pensioners withdrew ₹74.49 crore. Employees as well as other Treasury Savings Bank account holders comprising 6,500 persons withdrew ₹17.36 crore. Welfare pensions worth ₹36.8 crore and ₹516.6 crore was disbursed for the needs of various departments.
The District Treasury, Mattannur; Sub-Treasury, Mattannur; Sub-Treasury, Payyannur; Sub-Treasury, Vengara; four treasuries in Kannur; and one in Malappuram did not receive any imprest fund on Wednesday.
