The Greater Hyderabad Municipal Corporation (GHMC), which is undergoing major financial crisis, is unable to pay salaries to its employees this month.
Seven days into the month, the civic body that derives revenue from the 650 square kilometre area of the capital city, is fumbling to find cash in its coffers to manage its day-to-day affairs.
Commissioner Ronald Rose frantically checked with the revenue generating departments towards November end, to pool up to ₹50 crore in order to pay the interest on loans that the GHMC had availed for infrastructural projects in the city, sources said.
