Union Budget 2024-25: Telangana Gets Raw Deal: AP Gets Handful
Delhi/Hyderabad, July 23 (Maxim News): The Union Budget 2024-25 turned out to be a major disappointment for Telangana. None of the major requests from the State were accommodated in the Union Budget for fund allocation. Union Finance Minister Nirmala Sitharaman had nothing new to offer for the State except for the Hyderabad-Bengaluru Industrial Corridor.
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Sitharaman showered gifts and special packages for Andhra Pradesh led by the BJ’s ally TDP including funds to fulfill the provisions of the Andhra Pradesh Reorganisation Act. She said concerted efforts would be made to fulfill the commitments under the Andhra Pradesh Reorganisation Act, but allocated specific funds only to Andhra Pradesh ignoring Telangana’s needs.
₹15,000 Crore Boost for Andhra Pradesh Capital Development
“Rs. 15,000 crore will be arranged in the current financial year to develop Andhra Pradesh’s capital. Grants for backward regions will be provided to three districts as per the AP Reorganisation Act,” she said, fulfilling the wishlist of Andhra Pradesh Chief Minister N. Chandrababu Naidu. She assured to grant more funds for the capital development in the future.
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The Union Finance Minister also declared that the Centre was fully committed to fund and complete the Polavaram project, terming it as crucial for food security. She also assured special assistance for the development of industrial nodes along the Visakhapatnam-Chennai Industrial Corridor, besides infrastructure development for Orvakallu and Kopparthi industrial areas in Andhra Pradesh. However, she did not quantify the amount of funds. (Maxim News)
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