Centre releases Rs 450 cr special package to Telangana in FY17

Image
Press Trust of India New Delhi
Last Updated : Dec 20 2016 | 6:43 PM IST
Centre today said it has released "special assistance" of Rs 450 crore to Telangana for the current fiscal as per the provisions under Andhra Pradesh Reorganisation Act.
Andhra Pradesh Reorganisation Act, 2014 entrusts the Central government to support the programmes for the development of backward areas in the successor states, including expansion of physical and social infrastructure.
"In keeping with its commitments to support the development of backward areas of Telangana, the Central government has provided a further Special Assistance of Rs 450 crore to the state for 2016-17," a finance ministry statement said.
Centre had released Rs 450 crore during 2015-16 for the development of 9 backward districts of Telangana.
The backward districts which are being supported with this development fund are Adilabad, Nizamabad, Karimnagar, Warangal, Medak, Mahbubnagar, Rangareddy, Nalgoda and Khammam. Cumulatively, the Central government has so far released Rs 900 crore to the state for this purpose.
"These additional resources from the Central government would enable the state to devise and implement schemes best suited for mitigation of backwardness and alleviation of poverty," the statement said.
The developmental activities would improve the physical and social infrastructure bringing these districts at par with the more developed districts of the state, it added.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 20 2016 | 6:43 PM IST

Next Story