PSU Banks of Being Partial to AP side Funds

tg-apThe Telangana government has decided to lodge a complaint with the Centre. Accusing PSU bank of colluding with the A P government to withdraw or transfer funds unilaterally from the bank accounts of common government institutions that is yet to be bifurcated between both the states.

In October transfer of labor department funds worth Rs 400 crore from TS to AP, the TS government has not allowed any unilateral transactions. This impacted the functioning of the institutions. Both the governments then agreed to use the funds after mutual discussions.

They found that cash reserves of APMDC came down from Rs 52 crore to Rs 47 crore. Officials alerted mines minister T. Harish Rao who in turn asked chief secretary Rajiv Sharma to take up the issue with the banks and the Centre.

Mr Harish Rao said officials to immediately take up the issue with banks, RBI and the Centre to protect the interests of Telangana statewere it seems to be no end to conspiracies of Seemandhra leaders against Telangana even after bifurcation. After the agreement also, the AP government has been unilaterally withdrawing funds from bank accounts. It is unfortunate that bankers are cooperating with the AP government”.

Medaram Jathara

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