Union Budget for 2016-17 presented by Finance Minister Arun Jaitley today allocated Central taxes’ share of Rs 24,637.36 crore for Andhra Pradesh and Rs 13,955.35 crore for Telangana States respectively.

 The Union Finance Minister, who presented a whopping Rs 19.78 lakh crore budget, including Rs 5.5 lakh crore plan allocation and Rs 14.28 non-plan allocation has announced Rs 2000 crore for Andhra Pradesh and Rs 36 crore for Telangana State towards setting up of various educational

institutions and other projects as per Andhra Pradesh Reorganisation Act. The Polavaram project got Rs 100 crore and the proposed Metro Rail project in Vijayawada got Rs 100 crore in the Central budget.

Other allocations are: Rs 20 cr for IIIT, Rs 40 cr for IIT in Tirupati, Rs 30 cr for IIM in Visakhapatnam, Rs 40 cr for NIT in Tadepalligudem, Rs 1678 cr for Steel Plant in Visakha, Rs 23.61 cr for Visakha Port Trust and Rs 1 cr for Central varsity. Similarly, allocations to Telangana State are: Rs 1 cr for Tribal University, Rs 20 cr IIT and Rs 15 cr for Incois.

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