Advertisement

HindustanTimes Mon,15 Sep 2014

Centre starts providing funds to Telangana

PTI  New Delhi, June 02, 2014
First Published: 21:02 IST(2/6/2014) | Last Updated: 21:04 IST(2/6/2014)
The government has started providing funds to Telangana, which became the 29th state of India on Monday.
    
"The Government of India has started devolving funds to the newly created State of Telangana from Monday," a finance ministry statement said.
  
K Chandrasekhar Rao, who had spearheaded the movement for separate state of Telangana, was on Monday sworn in as Chief Minister of newly-carved out state.
    
As per the recommendations of 13th Finance Commission, the share of states in the central divisible pool is devolved to the states on every first working day of the month.
    
Telangana state has come into existence today vide Andhra Pradesh Re-organisation Act, 2014. Hence, the share of erstwhile State of Andhra Pradesh has been apportioned between the successor states and devolved to them separately, the statement added.

Advertisement
more from India

Jayalalithaa slams BJP over fishermen issue

Charging the BJP with adopting 'double-standards' on the fishermen issue, AIADMK supremo and Tamil Nadu chief minister Jayalalithaa said on Sunday voting for the national party will not benefit the people of her state.
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved