Central government tightens funds for states in India

Neither Telangana nor Andhra Pradesh will get any funds in the Budget for State-specific projects such as Mission Kakatiya, Mission Bhagiratha and Amaravati capital city the new Budget too will see several changes like dispensing with the age-old practice of plan and non-plan expenditure.

This budget will be different from earlier ones as per new policies. The Centre got Rs 58,000 crore through the clean energy cess, but States could spend only around Rs 25,000 crore, leaving a huge amount with the Centre.

Read full article: http://www.deccanchronicle.com/nation/current-affairs/300117/states-must-perform-to-get-money.html


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