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Govt bans loans
KOHIMA, APR 20 (NPN):
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Published on 21 Apr. 2010 12:22 AM IST
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State government has reportedly slapped a ban on all loans by its employees from the financial institutions. According to bank officials, state chief secretary Lalthara through an order affected the ban on loans by government servants from the month of March last. The chief secretary is also learnt to have directed all the DDOs of the different departments not to certify the government employees in their respective office establishments for availing loan. The steps taken by the state government in banning loan is seen as a measure to check the money reserved in the state in view of the impending financial drain once the pension money for the huge number of government employees affected by the retirement bill is to be released.
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