Special package, but no special status, for Andhra Pradesh
The package includes full funding of Pollavaram irrigation project, tax concessions and special assistance
The Centre on Wednesday announced a financial package for Andhra Pradesh that includes full funding of Pollavaram irrigation project, tax concessions and special assistance, which had demanded special status for the state following the bifurcation of Telangana.
The special status, however, proved elusive, even though Jaitley assured that Andhra Pradesh will get benefits "equivalent" to special status.
In a late night announcement on Wednesday, Union Finance Minister Arun Jaitley said, "As far as the Andhra Pradesh Reorganisation Act is concerned, the government has decided that every commitment made in the Act will be fulfilled", since the state, as a result of bifurcation, had lost revenue potential and also in terms of industrialization.
The state government will, however, implement the Pollavaram irrigation project, Finance Minister Arun Jaitley at a late night press conference hours before the Andhra Pradesh Assembly is to meet.