News > Kerala Govt. caps treasury payments in the wake of fund shortage
Kerala Govt. caps treasury payments in the wake of fund shortage
Business Insider | 29/04/2022 01:01 PM | Click to read full article
In the wake of a shortage of funds, Kerala's Finance Department has capped Treasury payments in the first month of the new fiscal.
In its directive to the Treasuries Director, the Department asked for the reduction of the ways and means limit from Rs 1 crore to Rs 25 lakhs with immediate effect. If there was a requirement for any payments to be made above Rs 25 lakhs, then special sanctions will have to come into effect.
