Monday, April 9, 2012

Financial nightmare starts, RBI ban likely, Rs 400 Crores in arrears

...Possibly, the Reserve Bank of India may ban the State Government from drawing funds any time after April 19 . An official source informed The Sangai Express that on March 31, the last day of the financial year 2011-12, an amount of Rs 700 crores was drawn for different purposes including payment of salaries for employees.....

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