Live
- Maha: 5 Vidarbha constituencies records 32.36 pc polling till 1 pm
- Congress, CPI-M not part of INDIA bloc in Bengal: Mamata Banerjee
- Madhubani Saree: The epitome of traditional elegance and modern beauty
- Fire in TTD Forest in Tirumala
- SC dismisses rape survivor's plea seeking action against Kerala judge
- Chiranjeevi Engages with Russian Delegates on Creative Ventures in Hyderabad
- Has Allu Arjun's ‘Pushpa 2’ raked in Rs. 1000 Crore Pre-Release Business?
- Reports of spat with Netanyahu misleading: Germany
- 5.0-magnitude quake hits Alaska Peninsula
- AP assembly elections: Filing of nominations in full swing in the state
Telangana contingency fund Bill passed
Telangana Assembly on Thursday passed a Bill for establishment of a contingency fund of Rs 50 crore for the State. This Bill introduced by Finance Minister Eatala Rajender was passed with unanimous support of all political parties.
Hyderabad: Telangana Assembly on Thursday passed a Bill for establishment of a contingency fund of Rs 50 crore for the State. This Bill introduced by Finance Minister Eatala Rajender was passed with unanimous support of all political parties.
After formation of the Telangana State on June 2 this year, the Andhra Pradesh Contingency Fund established under the Andhra Pradesh Contingency Fund Act, 1957 ceased to exist. Hence, Telangana established its own contingency fund.
This fund will be placed at the disposal of Governor to enable him to utilise for meeting unforeseen and emergency expenditure. It is a notional fund where money is not actually kept for expenditure. It is an arrangement to meet emergent expenditure for which is there is no approval of the legislature.
