Hyderabad: Chief Minister K. Chandrasekhar Rao, on 30 March, imposed heavy salary cuts at all levels of the government for this month to tide over the present financial crisis on account of the Corona virus pandemic.
Class IV and contract employees will have 10 per cent of their salary cut. Pensioners from all categories will also see a 50 per cent cut. Employees in all public sector undertakings and institutions receiving government grants will also see a cut in their income for a month.
The monthly expenditure of the state government on salaries is nearly Rs 3,500 crore. The government is expected to save nearly Rs 2,000 crore with the pay cuts.