TheTelanganagovernment has urged the Centre to provide funds, give concessions forindustrial promotionand release the pending arrears for backward districts.
industries and municipal administration minister KTRama Raoasked the Centre to release Rs 900 crore for backward districts financial assistance and provide concessions for industrial promotion under AP Reorganization Act, 2014. He said the 15th Finance Commission recommendations were not being implemented as far as Telangana is concerned.
The youngest state in the country, which is just 2.5% Population in the countrys population is contributing five per cent of countrys GDP. During the formation of the state, the GDP of the state was Rs 1.24 lakh crore, now it rose to Rs 2.37 lakh crore. When it comes to statesGSDProse to Rs 9.8 lakh crore now from Rs 5 lakh crore in 2014.