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Refund please: Telangana govt claims RBI illegally sent Rs 1,274 cr to I-T dept

Jun 27, 2015    

New Delhi/Hyderabad: The Telangana government has urged the Centre to intervene and direct the Reserve Bank of India to credit back Rs.1,274 crore to the state's account as the money was transferred "illegally" to the income tax department.A state government delegation led by Minister for Panchayat Raj and Information Technology, K. Tarakarama Rao met Union Finance Minister Arun Jaitley in Delhi on Saturday.Rao told reporters after the meeting that they urged Jaitley to ensure that the money is credited back to the state account.He said the RBI transferred the money "illegally&q...

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