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Centre sanction Rs 2,303 crore to AP

By   /  April 3, 2015  /  No Comments

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The Center has saction Rs 2,303 crore to Andhra Pradesh to extension the asset crevice for 2014-15 taking after the bifurcation of the state a year ago.

A amount of Rs 1,803 crore was released on Tuesday, while Rs 500 crore was given prior as an impromptu grant, the Finance Ministry said in an announcement.

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The government has chose to give budgetary backing of Rs 2,303 crore to Government of Andhra Pradesh to extension the asset hole of the Financial Year 2014-15 it included. A year ago, Andhra Pradesh was bifurcated to make India’s 29th state Telangana.

Not long ago, the Finance Ministry had said it had given Rs 1,500 crore as a budgetary backing to Andhra Pradesh for shaping its new capital city.

This included Rs 1,000 crore for backing to fundamental amenities for the new capital of Andhra Pradesh and another Rs 500 crore solely for development of Raj Bhavan, State Secretariat, State Assembly and High Court.

The budgetary backing was in consonance with Andhra Pradesh Reorganization Act, 2014, under which the Government of India had consented to give exceptional monetary backing to key offices for the new Capital of Andhra Pradesh including development of Raj Bhavan, State Secretariat, State Assembly and High Court, among others.

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