What is the significance of all rights, liabilities and obligations of a State specified in Part B of the First Schedule?
The significance of all rights, liabilities and obligations of a State specified in Part B of the First Schedule is that they shall be considered as the rights, liabilities and obligations of the Government of India if the purpose for which such rights were acquired or liabilities and obligations were incurred before such commencement will thereafter be purposes of the Government of India relating to any of the matters enumerated in the Union List. This is subject to any agreement entered into by the Government of India with the Government of that State.