............With Governor’s approval, Secretary, Finance, went to Mumbai on Tuesday to sign an agreement with the RBI and open an account for Telangana State which will become operational from June 2. According to the Andhra Pradesh Reorganisation Bill-2014, the cash balance and credit balance of the existing State of Andhra Pradesh will be divided between the two successor States on the basis of population ratio. This apportioning will be carried out by adjusting the credit balances for the two States in RBI books........
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