Centre to provide Rs 150 Bn for Andhra Pradesh

25 Jul 2024 CW Team

Union Finance Minister Nirmala Sitharaman, while presenting the Budget for 2024-25 in the Lok Sabha on Tuesday, announced that the Central government would allocate Rs 150 billion in financial assistance for Andhra Pradesh. Andhra Pradesh Minister Nara Lokesh expressed appreciation on Tuesday for the Central government's budget proposals, specifically acknowledging the support provided for the completion of projects in Amaravati, the state's capital, and the Polavaram project, crucial for Andhra Pradesh.

Lokesh conveyed gratitude on behalf of the state's residents towards the NDA government for committing Rs 150 billion in the budget towards the reconstruction and development of Andhra Pradesh. Sitharaman emphasized the Central government's commitment to supporting the development of Amaravati, allocating Rs 150 billion for this purpose in the current fiscal year. She reiterated the government's dedication to funding and expediting the Polavaram Irrigation project, essential for the welfare of Andhra Pradesh and its agricultural sector.

The Finance Minister highlighted that the government has endeavored to fulfill the commitments outlined in the Andhra Pradesh Reorganisation Act, including the provision of financial assistance for infrastructure development such as water, power, railways, and roads to promote industrial growth. She affirmed that grants specified for backward regions of Rayalaseema, Prakasam North Coastal Andhra Pradesh, as mandated by the Act, would also be disbursed.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..