Centre and States to share funds for implementing RTE
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The controversy over sharing of funds and implementing the Right To Education (RTE) law, the government has fixed the funds sharing pattern at 65 to 35 between the Centre and the states for the next five years. There will be a requirement of Rs 2.31 lakh crore in the next five years for implementing the new act which makes education a fundamental right of every child. The expenditure finance committee (EFC) under finance ministry has agreed to the fund sharing formula keeping in view demands of states for higher assistance from the Centre to implement the Act which has come into force..
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