Chief Minister Y.S. Jagan Mohan Reddys efforts towards getting additional funds from the Union Government yielded results as the Centre released Rs 460.87 crore as compensation towards .
The funds were released in relation to the dues under the Andhra Pradesh Reorganisation Act, 2014.
The YSR Congress, while recalling the failure of the Chandrababu-led TD government to get prompt release of funds from the Centre, are claiming that CM Jagan Mohan Reddy succeeded in getting funds because he maintained healthy relations with the Centre.
The CM had held a series of meetings with PM Narendra Modi in recent times, when he pressed for release of the funds that were promised to the state at the time of bifurcation. Jagan Mohan Reddy had stressed that this financial aid would accelerate the overall development and welfare of the state and its people.
Mahendra Chandelia, assistant director at the ministry of finance, has directed the immediate release of Rs 10,460.87 crore under the ‘Special General Financial Assistance’ category, as part of the revenue deficit in the financial year 2014-15.