Central Government Sanctions Rs 10,461 Cr To Andhra Pradesh

May 24, 2023 17:04
Central Government Sanctions Rs 10,461 Cr To Andhra Pradesh

Central Government Sanctions Rs 10,461 Cr To Andhra Pradesh:- The pending bifurcation dues of Andhra Pradesh were released by the central government on Tuesday. Rs 10,461 Cr was released by Union Finance Department assistant director, Mahendra Chandelia under the Andhra Pradesh Reorganisation Act 2014 as part of the deficit in revenue for 2014-15. This amount is the compensation towards the revenue deficit of AP created because of Telangana state formation. Some of the funds were released during 2014-19 and the majority of funds were delayed for release even after many requests.

Andhra Pradesh advisor Sajjala Ramakrishna Reddy has welcomed the funds and said that the compensation was given for Andhra Pradesh because of Jagan’s determination and this is the right of the state government and also the responsibility of the central government. This is the largest fund for Andhra Pradesh ever since its bifurcation. The government going to utilize the funds for the development of infrastructural projects and for the welfare needs of the state.

After many rumours of BJP support for the YSRCP, this huge amount of funds released has strengthened the significance of YSRCP in the state. Some parts of the country are worried about funds for Karnataka. As Karnataka people pushed BJP out of the state, the BJP-led central government has shifted focus to Andhra Pradesh and might stop funds to Karnataka.

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