There’s a major update for pensioners and government employees. The Municipal Corporation is in a serious financial mess, so much so that they had to pull 6 crore rupees from their pension fund just to cover the electricity bill for Kajauli Water Works.
If they don’t pay on time, they could face a penalty of around 11 lakhs. Given the gravity of the situation, the authorities felt they had no choice but to act. This power supply issue could also impact the city’s water supply. The corporation typically spends 4 to 5 crore rupees each month on electricity for Punjab.
The financial health of the Chandigarh Municipal Corporation keeps getting worse. Right now, they’re in such a tough spot that they can’t even pay their employees’ salaries. The 6 crore withdrawal from the pension account was necessary to settle the electricity bill. Municipal Corporations have limited ways to generate revenue, and the financial help from the central government isn’t cutting it.
Experts warn that if this kind of withdrawal keeps happening, pensioners might struggle to receive their pensions in the future. This situation is a clear sign of a serious economic crisis, and the administration needs to address it urgently. Officials at the corporation believe this step was essential to avoid disruptions in water supply and penalties for late payment of the electricity bill.
They’re looking into alternative plans to stabilize finances, but until they find a solid solution, they’ll have to rely on temporary fixes. Meanwhile, there’s a lot of frustration among employees and pensioners following this decision.