Naidu seeks 1.2 lakh crore for building new capital city
It took 13.50 lakh crore to develop Hyderabad into what it is today, while the bifurcation let us down and gave a surplus budget to Telangana, Naidu said
Sep 13, 2014
Source : The Hindu
N. Chandrababu Naidu, Chief Minister

 

Vijayawada: Chief Minister N. Chandrababu Naidu on Friday made a strong pitch before the 14 Finance Commission for liberal grants that include Rs. 1.02 lakh crore for building the new capital and a special grant-in-aid of Rs. 41,500 crore to undo the damage done due to the ‘unscientific bifurcation’.

“It took 13.50 lakh crore to develop Hyderabad into what it is today, while the bifurcation let us down and gave a surplus budget to Telangana,” he said while impressing upon the Commission to be considerate while making grants to the State.

The bifurcation-eve promises showered by the UPA government on the State assumed a significant place in the presentation made by Mr. Naidu to the Commission here on Friday.

It was for the first time that the Finance Commission met when a State had been divided. Mr. Naidu reminded the Commission headed by its Chairman Y.V. Reddy of the three major promises mentioned in the A.P. Reorganisation Bill, viz., according special status to the new State, special package to the backward Rayalaseema and Northern Andhra districts and the special incentives to the industry. These, he said, would hold the key to the development of the State, which is all set to start its journey ‘from the scratch’.

At the media conference later, he tried to pacify the aggrieved districts by indicating that though Vijayawada had been made the capital, development would be distributed equitably among all districts. “As district is taken as a unit, the Gross District Domestic Product (GDDP) of all the 13 districts will be the same,” he said.

Ministers Yanamala Ramakrishnudu (Finance), B. Gopalakrishna Reddy (Environment and Forest), R. Kishore Babu (Social Welfare), Kamineni Srinivas (Health) and top State officials were among the participants.

Latest Realty News

DLF fined for harassing hapless businessman
Sep 13, 2014
Abeyant construction, delayed possession, hollow promises and helpless buyers. These seem to have become a common trait in the real estate industry in the city
Smart Cities: Venkaiah Eyes States
Sep 13, 2014
In a bid to expedite the process of identifying 100 smart cities and then developing it, Union Urban Development Minister M Venkaiah Naidu on Friday said the state governments have to take the lead, with the Centre playing only a supporting role
Arunachal Seeks Three Smart Cities in the State
Sep 13, 2014
Arunachal Pradesh has requested the Union Urban Development Minister M Venkaiah Naidu to set up three smart cities in the state
State tables demand for 20 smart cities
Sep 13, 2014
Bihar today urged the Centre to include its 20 towns in Prime Minister Narendra Modi’s flagship scheme of developing 100 smart cities
NRI investments in realty sector may rise 35% this yr: Survey
Sep 13, 2014
Property developers are expecting a 35 per cent surge in real estate enquiries from NRIs, with Bangalore turning out to be the hot favourite, says an Assocham survey
Unitech flat buyers in Noida protest against delays
Sep 13, 2014
Protests over delays in completion of real estate projects today reached doorstep of government ministers, including Prakash Javadekar, when some aggrieved buyers used an industry conference to air their grievances
Luxury hotels like Leela, Hyatt, others bolster growth with mixed-use projects
Sep 13, 2014
While the hospitality industry is abuzz with growth of mid-market brands, luxury brands like the Leela, Four Seasons, Hyatt and Ritz Carlton are furthering their growth by stitching mixed-use development deals with builder
LIC Housing Fin to focus on mortgages
Sep 13, 2014
LIC Housing Finance Ltd, promoted by the Life Insurance Corporation of India, is targeting to reduce its borrowings from the banks and focus more loan against properties (LAP)
Nod for insurers to buy infra bonds
Sep 13, 2014
Insurance Regulatory and Development Authority (Irda) has allowed insurers to invest in Long Term Bonds for financing infrastructure and affordable housing issued by banks
NGT stays change of land use in Mangar
Sep 12, 2014
The National Green Tribunal has issued a stay order on three real estate companies' attempts to change the land use pattern in parts of Mangar Bani, a sacred grove off the Gurgaon-Faridabad highway

Latest Realty News Of State

Realty Talk's