Naidu Seeks Special Treatment for Andhra

Published: 13th September 2014 06:00 AM  |   Last Updated: 12th September 2014 11:15 PM   |  A+A-

TIRUPATI: Chief Minister N Chandrababu Naidu on Friday submitted a wish list to the 14th Finance Commission, which includes a special package for Andhra Pradesh, debt relief of `10,400 crore and a special grant of `1,00,213 crore to help the state build a new capital near Vijayawada.

In his near 45-minute power-point presentation to the five-member panel led by former RBI Governor Y V Reddy here, Naidu outlined his ambitious target of placing AP among the top three states by 2022 and as numero uno by 2029, he explained that the state would need `4 lakh crore to build a world-class capital.

For this, he sought the Finance Commission to recommend a special grant of `1,00,213 crore for the state during the next five years besides an additional grant of `41,253 crore for backward regions, especially Rayalaseema and north coastal AP, plus fiscal incentives to promote industrialisation.

Stay up to date on all the latest Andhra Pradesh news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp