Andhra Pradesh gets shock from center

andhraThe ruling BJP led government gave its first shock after announcing special package to the state of Andhra Pradesh.

Department of Economic Affairs of Finance ministry has initially given approval for going for a loan of $1 billion for development of Amaravati. But later reduced the quantum to $500 million only, 50% was reduced by the center.

The world bank has received a request for center for $500 million loan for 1st phase of Amaravati development. The WB officials will visit Amaravati before they sanction the loan.

The main hurdle for sanctioning the loan would be litigation that is still pending at National Green Tribunal.