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Fri, Sep 21, 2018 | Last Updated 4:27 am IST

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Will Finance Minister Arun Jaitley explain centre stand on SCS for AP?

Will Finance Minister Arun Jaitley explain centre stand on SCS for AP?
Will Finance Minister Arun Jaitley explain centre stand on SCS for AP?
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New Delhi sources have stated that With TDP threatening to quit the NDA government, Finance Minister Arun Jaitley stepped in to pacify the sulking partner saying the Centre is committed to giving Andhra Pradesh financial assistance equivalent to a Special Category State (SCS). Meanwhile Jaitley said he agreed with the assessment that Andhra Pradesh was financially suffering after Telengana was carved out of the state and his government will honor each and every commitment made by the Centre at the time of bifurcation.



Furthermore on Andhra Pradesh Chief Minister Chandrababu Naidu's demand for fulfilling the promise of giving the state SCS, he said such a category did exist when the state was bifurcated in 2014, but presently after the implementation of the 14th Finance Commission recommendation, such a treatment is now constitutionally restricted to just the North Eastern and three hilly states.

Will Finance Minister Arun Jaitley explain centre stand on SCS for AP?

Moreover for Andhra Pradesh, the centre committed to giving 90% of the funds, equivalent to SCS, through other means like external agencies. Further he added that the Union government was even willing to accept the state government's suggestion of routing such funds through NABARD. Further on meeting revenue deficit of the state and the Centre has already paid Rs 4,000 crore and only Rs 138 crore remain.

Will Finance Minister Arun Jaitley explain centre stand on SCS for AP?

Will Finance Minister Arun Jaitley explain centre stand on SCS for AP?
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