Kerala Government Relaxes Treasury Restrictions Following Fuel and BEVCO Payments

The Kerala government has decided to ease the strict treasury restrictions it previously imposed, providing relief from the limited bill clearances focused on salary and pension payments. This decision comes after fuel companies settled taxes amounting to Rs 600 crore, and BEVCO (Beverages Corporation) paid dividends totaling Rs 700 crore.

Effective from Monday, the relaxation allows the clearance of bills under 89 financial heads, with values up to Rs 5 lakhs. The Kerala government has been grappling with a financial crunch, and the recent payments from fuel companies and BEVCO have provided a temporary breather.

The government’s move to ease treasury restrictions aligns with its efforts to manage financial challenges and prioritize essential expenditures. The financial situation has been a matter of concern, and the relaxation is seen as a step to address pressing financial commitments.