Andhra Pradesh Chief Minister N Chandrababu Naidu meets Union Finance Minister Nirmala Sitharaman throughout a gathering, in New Delhi on July 5, 2024.
| Photograph Credit score: PTI
Forward of the Union Finances presentation, Andhra Pradesh Chief Minister N Chandrababu Naidu on July 5 met Union Finance Minister Nirmala Sitharaman, urgent for enhanced monetary assist to the debt-burdened State.
Sources stated Mr. Naidu, in the course of the assembly in North Block, highlighted numerous ongoing initiatives in Andhra Pradesh that require pressing central help.
“The CM introduced an in depth memorandum outlining the state’s monetary necessities and the rationale behind the demand for elevated allocation,” the sources added.
TDP ministers within the Centre had been current in the course of the assembly.
Mr. Naidu additionally met Defence Minister Rajnath Singh and Well being Minister J P Nadda.
In accordance with the state authorities information, the general public debt of Andhra Pradesh has elevated from 31.02% of the Gross State Home Product (GSDP) in 2019-20 to 33.32% in 2023-24 fiscal, indicating deterioration within the fiscal well being of the state within the final 5 years.
Key amongst Mr. Naidu’s calls for had been funds for the Polavaram irrigation venture, particular help for backward areas, and assist for the event of the brand new capital, Amaravati.
The Chief Minister additionally sought decision of pending points stemming from the bifurcation of the erstwhile Andhra Pradesh.
The assembly assumes significance because it comes simply weeks earlier than the presentation of the Union Finances 2024-25.
The sources indicated that Ms. Sitharaman gave a affected person listening to to Mr. Naidu’s issues and gave an assurance that she’s going to look into Andhra Pradesh’s calls for throughout the broader fiscal constraints.
Mr. Naidu has been vocal in regards to the State’s monetary misery and sought elevated central assist to tide over the fiscal challenges, when he met with Prime Minister Narendra Modi and several other Union Ministers on Thursday.
The Naidu-led Telugu Desam Social gathering is a vital accomplice of the NDA with its 16 Lok Sabha MPs supporting the Narendra Modi-led authorities.
