[YSRCP leaders told Union Finance Minister that there is no mention of promises like establishing IIT, Central varsity and AIIMS type super-speciality hospital in AP
Urges Minister to release funds for upgradation of airports at Vizag, Vijayawada and Tirupati and metro rail network
Silence over fund allocation for new Andhra capital
[VIJAYAWADA: The silence of Union finance minister Arun Jaitley on funds for the new capital of Andhra Pradesh and metro rail projects for Visakhapatnam and Vijayawada-Guntur has surprised many in the state. People and leaders alike had expected at least a token allocation of funds for the capital city in the budget as the Sivaramakrishnan panel is expected to submit its report soon and the confusion surrounding its location will be cleared in a couple of months.
Analysts doubt the Centre’s intention to generously sanction funds for the capital in the absence of budgetary allocation. “It is difficult for the state to get funds without allocation in the budget. The chief minister should take up the issue with the Centre without delay,” said economist Prof LSN Prasad.
The Union budget also did not refer to metro rail projects for AP despite Union urban development minister M Venkaiah Naidu’s manifold promises to develop the residuary state. “Venkaiah Naidu failed to get major sops for the state,” alleged former Vijayawada-central MLA, Malladi Vishnu, of the Congress.
RBI throws spanner in AP govt’s loan sop
[HYDERABAD: The Reserve Bank of India (RBI) has told the Andhra Pradesh government it would only allow rescheduling of kharif crop loans amounting to Rs 10,500 crore taken last year.
This is a major setback for the government, which had sought rescheduling of farm loans worth Rs 35,000 crore.