The decision was taken at a cabinet meeting presided over by Chief Minister Nitish Kumar, the Principal Secretary (Cabinet Coordination and Secretariat) Ravikant said.
The fund will meet the requirement for salaries, pensions and DA of the teaching and non-teaching staffers of nine state universities from March 2012 to February 2013, he said.
Among the 21-point agenda, the state government also approved a proposal for taking loan amounting to 80 per cent of the projected cost at Rs. 1658 crore for construction of four state highways of 254-km length under the Bihar State Highway Project Phase-2, Ravikant said.
The remaining 20 per cent cost will be borne by the state government, the Principal Secretary (Cabinet Coordination and Secretariat) said.
The state government sanctioned Rs. 29 crore for setting up state project facilitation unit for upgradation of the engineering colleges under the centrally-sponsored technical education reforms scheme phase-2, he said, adding that Rs. Four crores have been released for execution of works.
An amount of Rs. 362.13 crore was approved for arrangement of clean water in 145 'tolas' (pockets) in arsenic-affected Bhojpur district, Ravikants said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
