Top stories from Telangana: State facing financial crisis after RBI move?

Top stories from Telangana: State facing financial crisis after RBI move?
Top stories from Telangana: State facing financial crisis after RBI move?
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 1. The Telangana government is reportedly faced with a financial crisis after the Reserve Bank of India (RBI) diverted Rs 1,274 crore from the state's account to the income-tax department to pay arrears of the AP Beverages Corporation last week. Unless the Centre comes to its rescue, the government will be not in a position to pay salaries for employees next month. Read a report in the Deccan Chronicle.2. In a new development that could spell trouble for news magazine Outlook, the Central Crime Station (CCS) in Hyderabad registered cases against the management and employees of the magazine for a 'sexist' piece believed to be aimed at Telangana IAS officer and Additional secretary to Telangana CMO, Smita Sabharwal. Read TNM's report.3.The legislative assembly and the state secretariat in Hyderabad may shift to the outskirt Hi-Tech city area soon as part of a phased plan to create an 'integrated smart administrative city' for the new state, a minister in the TRS government told Times of India on Sunday. Read more.4. The new Socio Economic Caste Census (SECC)-2011 of the country does not spell good news for India's 29th state as the findings show that Telangana stands fourth in the country’s rural illiteracy chart, as 40.42 per cent of its rural population stood illiterate, The Hindu reports.5. President Pranab Mukherjee on Sunday paid a visit to Lord Narasimha Swamy at the Yadadri temple in Telangana. Until recently known as Yadgirigutta, Mukherjee took part in various rituals at the hill shrine in Nalgonda district. The president, on a southern sojourn, reached Yadadri by helicopter. Telangana Chief Minister K. Chandrashekar Rao and Governor E.S.L. Narasimhan accompanied Mukherjee to the temple. Read details.

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