Kerala financial crisis: Contractors warn of ‘planned holiday’ over pending bills

THIRUVANANTHAPURAM: The unprecedented financial crisis in the state has started showing visible signs with government contractors warning of an imminent plan holiday. Payments towards contractors’ bills have been pending with some departments and state public sector units for close to a couple of years. A planned holiday entails the suspension of all planned development. According to the contractors’ association, there seems to be no sign of an action plan by the state government to clear the arrears. While contractors’ payments from the public works department have been due for eight months, arrears from the Kerala Water Authority have been due for 20 months. Similarly, the Kochi corporation has to release arrears for 41 months. The government’s flagship institution, the Kerala…

Source: The New Indian Express
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