Share on FacebookShare on Google+Pin on PinterestTweet about this on TwitterShare on LinkedIn

AP Special Package Announcement Today Watch Updates

The uncommon status if not, unique bundle to AndhraPradesh is liable to be declared on Wednesday, it is dependably learnt.  As indicated by reports, the Center is cited as saying that the bundle has been planned consolidating all parts of the unique bundle to Andhra Pradesh.

Besides, clarity on devolution of 100 for each penny of the assets on Polavaram task is prone to develop. A Rs 500-crore uncommon asset to advance enterprises in the state is likewise liable to be declared.  The Center is learnt to have been toying with duty exception to imminent industrialists other than motivations to them. The Center is additionally liable to extend a reasonable confirmation to the state on assets to the new state cAPital and on making up the income deficiency.
The bundle additionally deals with 30 for each penny contrast between the devolution of assets to the state by virtue of the uncommon status and general devolution of assets.  Andhra Pradesh has been demanding a Special Category State (SCS) status from Centre ever since Telangana was separated, But the NDA government at center has decided to announce a special package which could be far better than the SCS.

The central government has started this exercise as Prime Minister minister Narendra Modi is leaving to Laos tomorrow to attend ASEAN- India East ASia meet, The union ministers want to complete this exercise and take APproval from PMO before Modi leaves. The announcement will be made once the special package gets APproval from PM.

Union Government is likely to announce Special Package for Andhra Pradesh Today. Finance Minister Arun Jaitley is going to make it official on Wednesday afternoon.

Main expect from Arun Jaitley’s Announcement

1) 90 percent grants in Central Funds, APwill additionally receive Rs 3,000 crore per Year.
2) Centre will bear 90 percent Polavaram Project cost
3) Revenue Deficit for 1st Year between Rs 7,000-9,000 crore. Rs 3,979 crore was sanctioned so far, rest will be sanctioned with Package.
4) Rs 500 crore Tax Exemption fund
5) Rs 2,500 crore for AP Capital construction
6) Special Railway Zone in Vijayawada
7) Financial Assistance to AP through various Banks. Centre itself will clear those debts.