AP seeks liberal assistance from Finance Commission

Andhra Pradesh Chief Minister N Chandrababu Naidu today sought liberal assistance from Finance Commission to help the residual Andhra Pradesh government, which is facing financial problems including budget deficit in the aftermath of state division.
Talking to reporters after a meeting with the Finance Commission officials here, Naidu said he had submitted a memorandum to the Commission containing a detailed report on the supportive measures he was expecting from the Commission.
"We pleaded with the Finance Commission to ensure a level playing a ground for the state to progress", he said.
The Chief Minister said the list of financial measures which the state sought include waiving off Rs 10,200 crore central loans, Rs 4-5 lakh crore finance to build state capital, special grant-in-aid to the tune of Rs 45,500 crore and increasing the central funding (through the sharing of the revenue from non-tax, surcharge, cess and other sources) to 50 per cent against the present 32 per cent.

"With regard to the state share on the development works, we sought it should be 10 per cent while Centre's contribution 90 per cent instead of the present ratio of 25 per cent and 75 per cent", he said.
He said a detailed presentation was made on the "Vision-2029" which will be implemented in three financial commission periods (2014-19, 2019-24 and 2024 -29).
In the meeting, Naidu said, he and his team explained problems faced by the state due to division and underlined need of treating the state case separately and provide concessions like special status to the state, special package to the seven districts and special industrial status to the state.

He claimed that the response from the Commission was positive. Finance Minister Y Ramakrishnudu and Forest Minister Bojjala Gopalakrishna Reddy were also present.