As per the 14th Finance Commission regulations for 2014-15, it has been agreed to give the amount to the state of 10 months. In addition, funds for three years to be released simultaneously.
Union Finance Minister Arun Jaitley, Railway Minister Piyush Goyal and BJP national president Amit Shah, Sujana Chaudhary, were present at the meeting which went for two and a half hours. The meeting has discussed on key issues, such as funds for the AP, Visakhapatnam Railway zone and the establishment of various organizations in AP. It is reported that the amount of money spent on the construction of Amravati will be compensated.
According to information, the funds for a special package to AP are ready. Arun Jaitley has informed Piyush Goyal that Railway’s announcement should come as early as possible. The construction Durga Raj Patanam port will be taken up in the land suggested by the state government. The Center has come forward to release all the funds and permissions.
Jaitley told that these announcements were not mentioned in the House in accordance with the rules of Parliament. Also, orders have been sent for the creation of the Petrochemical Complex. The Center has said that Kadapa steel plant will be constructed with a public and private partnership. McCann announced that it will report on 12th of this month.