+
FM Sitharaman announces substantial benefits for Bihar and Andhra
ECONOMY & POLICY

FM Sitharaman announces substantial benefits for Bihar and Andhra

Finance Minister Nirmala Sitharaman unveiled a substantial financial aid package for Andhra Pradesh alongside major infrastructure initiatives for Bihar during her Budget 2024 presentation in the Lok Sabha.

Addressing the commitments under the Andhra Pradesh Reorganisation Act, Sitharaman emphasised the government's efforts to fulfill these obligations. She highlighted the crucial need for capital in the state and pledged special financial assistance through multilateral agencies. For the fiscal year, Rs 15,000 crore will be allocated, with additional funding earmarked for subsequent years.

Turning to Bihar, Sitharaman announced the establishment of an industrial node in Gaya as part of the Amritsar-Kolkata industrial corridor. This initiative is expected to stimulate economic growth in the eastern region. Additionally, she outlined significant investments in road infrastructure, including the Patna-Purnea expressway, Buxar-Bhagalpur highway, Bodhgaya-Rajgir-Vaishali-Darbhanga connectivity, and a new two-lane bridge over the Ganga in Buxar, totaling Rs 26,000 crore.

Acknowledging the demands of Bihar and Andhra Pradesh, voiced notably by Nitish Kumar's JDU and Chandrababu Naidu's TDP, Sitharaman also announced Rs 11,500 crore for flood control measures in Bihar to mitigate the impact of flooding.

Finance Minister Nirmala Sitharaman unveiled a substantial financial aid package for Andhra Pradesh alongside major infrastructure initiatives for Bihar during her Budget 2024 presentation in the Lok Sabha.Addressing the commitments under the Andhra Pradesh Reorganisation Act, Sitharaman emphasised the government's efforts to fulfill these obligations. She highlighted the crucial need for capital in the state and pledged special financial assistance through multilateral agencies. For the fiscal year, Rs 15,000 crore will be allocated, with additional funding earmarked for subsequent years.Turning to Bihar, Sitharaman announced the establishment of an industrial node in Gaya as part of the Amritsar-Kolkata industrial corridor. This initiative is expected to stimulate economic growth in the eastern region. Additionally, she outlined significant investments in road infrastructure, including the Patna-Purnea expressway, Buxar-Bhagalpur highway, Bodhgaya-Rajgir-Vaishali-Darbhanga connectivity, and a new two-lane bridge over the Ganga in Buxar, totaling Rs 26,000 crore.Acknowledging the demands of Bihar and Andhra Pradesh, voiced notably by Nitish Kumar's JDU and Chandrababu Naidu's TDP, Sitharaman also announced Rs 11,500 crore for flood control measures in Bihar to mitigate the impact of flooding.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code