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Centre announces Special Package for AP
By: Tupaki Desk | 8 Sep 2016 5:00 AM GMT
Ending the day-long drama, Union Finance Minister Arun Jaitley announced Special Package for Andhra Pradesh at 10.30 PM on Wednesday. He said Quantum of the package will be declared on Thursday.
Arun Jaitley told four factors have influenced the kind of assistance AP should receive from Centre. 1) AP Reorganisation Act 2014, 2) 14th Finance Commission, 3) Statement of then PM Manmohan Singh in Rajya Sabha on February 20th, 2014, 4) Nethi Ayog
Here are some of the key points from the press conference...
Special Package on par with Special Status for a period of 5 Years from 2015
All Promises of AP Reorganisation Act 2014 to be fulfilled
100 percent Cost of Polavaram Project to be taken care since April 1st, 2014
Suresh Prabhu will make an announcement on Railway Zone
Sanctioned Rs 3,975.57 crore to address Revenue Deficit for fiscal 2014-15. Will settle balance amount in installments
Already sanctioned Rs 2,500 crore for AP Capital construction and Rs 1,005 for Backward Districts.
Centre bears the cost of Central Government Institutions and Educational Institutions
CBDT will issue notification on 15% Allowances
Tax Exemption will be considered based on the after effects of GST implementation
Visakha-Chennai, Chennai-Bengaluru Industrial Corridors will be taken care by the concerned Ministry
Arun Jaitley told four factors have influenced the kind of assistance AP should receive from Centre. 1) AP Reorganisation Act 2014, 2) 14th Finance Commission, 3) Statement of then PM Manmohan Singh in Rajya Sabha on February 20th, 2014, 4) Nethi Ayog
Here are some of the key points from the press conference...
Special Package on par with Special Status for a period of 5 Years from 2015
All Promises of AP Reorganisation Act 2014 to be fulfilled
100 percent Cost of Polavaram Project to be taken care since April 1st, 2014
Suresh Prabhu will make an announcement on Railway Zone
Sanctioned Rs 3,975.57 crore to address Revenue Deficit for fiscal 2014-15. Will settle balance amount in installments
Already sanctioned Rs 2,500 crore for AP Capital construction and Rs 1,005 for Backward Districts.
Centre bears the cost of Central Government Institutions and Educational Institutions
CBDT will issue notification on 15% Allowances
Tax Exemption will be considered based on the after effects of GST implementation
Visakha-Chennai, Chennai-Bengaluru Industrial Corridors will be taken care by the concerned Ministry
