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.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?