Chandigarh, March 14 -- Dropping the plan of taking a loan from government institutes or private banks, the cash-strapped Chandigarh municipal corporation (MC) on Thursday decided to use a total of Rs.50 crore from its employees' pension fund to disburse the pending salaries of its regular and outsourced staff on Holi.

The corporation had been banking on the administration for additional grants to pay off its mounting liabilities estimating Rs.200 crore as Punjab governor and UT administrator Gulab Chand Kataria, on February 22, had assured to transfer surplus funds from UT's annual budget for FY 2024-25 to the civic body after the Centre's approval. While Kataria had said that any announcement or allocation of funds will likely be made ...