Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

Centre to go Extra Mile to Support Andhra Pradesh: Arun Jaitley

Finance Minister Arun Jaitley on Friday assured Andhra Pradesh that the Centre will walk the extra mile to provide financial assistance to the state as it has the potential to grow 4-5 per cent higher than the national average.

Press Trust Of India

Updated:January 27, 2017, 2:44 PM IST
facebookTwittergoogleskypewhatsapp
Centre to go Extra Mile to Support Andhra Pradesh: Arun Jaitley
Finance Minister Arun Jaitley (File photo: Reuters)
New Delhi: Finance Minister Arun Jaitley on Friday assured Andhra Pradesh that the Centre will walk the extra mile to provide financial assistance to the state as it has the potential to grow 4-5 per cent higher than the national average.

He was also confident that completion of the multi-purpose Pollavaram project will make Andhra Pradesh a powerhouse for agriculture produce.

"Let me assure you and the Chief Minister that we will not only fulfil whatever promise we had as far as the central government is concerned, but will walk an extra mile as far as the state of Andhra Pradesh is concerned, because we know that it is here where the potential of much higher growth for the state and rest of India arises," Jaitley said here.

Terming Andhra Pradesh as one of the "most progressive states of India", he said it has to build its capital, execute large irrigation projects, build townships and manufacturing industry.

"The avenues of investment in Andhra Pradesh is far more compared to other parts of the country. I foresee for the next few years Andhra Pradesh growing at least 4-5 per cent ahead of the national GDP. The state has a huge potential," Jaitley said.

"It promises to be the most vibrant state with coastal economy. Hopefully, once the Pollavaram project gets fully commissioned, it will also be an important powerhouse as far as agriculture is concerned."

Andhra Pradesh Chief Minister N Chandrababu Naidu spoke of the state aiming at 15 per cent state GDP growth next year.

He said the state is building a new capital at Amaravati which will need huge funds and require assistance from the Centre and private entities.

Addressing the summit earlier, Andhra Pradesh Chief Secretary Satya Prakash Tucker said the state is growing at 13 per cent and is expected to clock a double-digit growth for the next 10 years.

In September last year, the Centre had announced a financial package for Andhra Pradesh that included full funding of the Pollavaram irrigation project, tax concessions and a special assistance.

Andhra Pradesh, which financially suffered because of creation of separate state of Telangana in June 2014, will get a railway zone and all cost incurred on the irrigation part of the Pollavaram project from the date it was declared a National Project on April 1, 2014, will be funded by the Centre.

The central government has agreed to give special assistance to Andhra Pradesh for 5 years, which will make up for the additional funds the state might receive between 2015-16 and 2019-20.

So far this fiscal, a further Rs 1,976.50 crore were released to the state.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Ananya Chakraborty
Read full article
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 

Live TV

Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results