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Special allocations of Rs 15000 cr made to AP in Budget after 5 years: TDP

By Business Standard - 3 months ago
The Telugu Desam Party (TDP) on Tuesday said "special allocations" were made to Andhra Pradesh in the Union Budget after five years, citing "commitments" announced for the Polavaram Project, industrial corridors and others. In a post on 'X', the ruling party noted that Rs 15,000 crore funds were allocated for the reconstruction of Andhra Pradesh in fiscal 2024-25. "Rs 15,000 crore for reconstruction of Andhra Pradesh this fiscal, additional funds for Polavaram (Project) lifeline, funds for Vizag Chennai Industrial Corridor this year and special funds for seven backward districts," said the party in the post. Presenting the Budget for 2024-25 in the Lok Sabha, Union Finance Minister Nirmala Sitharaman said that the NDA government at the Centre has "made concerted efforts to fulfil the commitments" in the Andhra Pradesh Reorganisation Act, 2014. Sitharaman said, "special financial support" will be facilitated by the Union Government through multilateral agencies. "Recognising the ..

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