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385 Crs to AP and 150 Crs to Telangana states!

FinancecommisionWhile the AP government has been eagerly waiting for the financial aid from the Centre to the cash-starved state to bridge the crisis, the Centre yet another time has poured water on the state government’s hoped by releasing another “paltry sum of funds”.

As per the recommendations by the 13th Finance Commission, the Union government announced a release of Rs 385 crore to Andhra Pradesh and Rs 150 crore to Telangana states, as a part of clearing up the pending arrears to the states for the financial year ending on March 31.

“Rs 298.82 crore has been released to Andhra Pradesh, including towards Panchayati Raj Institutions (PRIs)/Urban Local Bodies (ULB)/ Special Area; Rs 2.6 crore for implementation of statistical system and about Rs 50 crore for other projects. The total amount released to Andhra Pradesh is Rs 384.9 crore,” stated the release from the Union Finance Ministry.

The total sum released to Telangana state government stands at Rs 149.87 crore, added the statement from Ministry

The Union finance minister Arun Jaitley once again reiterated that the Centre is committed to develop AP and Telangana states in all fronts, and it will be fulfilling the assurances made to the Telugu states during the bifurcation of undivided AP. Union Ministers from state P Ashok Gajapathi Raju, Y Sujana Chowdary and other MPs are putting their efforts for the release of maximum funds to AP.