Budget
Budget 2024: Sitharaman announces financial aid for Andhra Pradesh, major support for Bihar
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Tuesday made major announcements for two states, Andhra Pradesh and Bihar, which are ruled by the Modi government's key allies, Telugu Desam Party and Janata Dal (United) respectively.
Delivering the Union Budget 2024, Sitharaman announced Special Financial Support for Andhra Pradesh, which is ruled by Chief Minister N Chandrababu Naidu's TDP in an alliance with Bharatiya Janata Party (BJP) and Jana Sena Party (JSP).
Budget will facilitate 15,000 crore for Andhra with additional amounts in coming years.
#Budget2024 | Finance Minister Nirmala Sitharaman says, "Andhra Pradesh Reorganisation Act- Our govt has made efforts to fulfil the commitments in Andhra Pradesh Reorganisation Act. Recognising the state's need for capital, we will facilitate special financial support through… pic.twitter.com/72Fj8Us77j
— ANI (@ANI) July 23, 2024
For Bihar, Sitharaman announced support for the development of an industrial node in Bihar's Gaya on the Amritsar-Kolkata industrial corridor.
The government will, as the Finance Minister said, support the several road connectivity projects, Patna Purnea Expressway; Buxar Bhagalpur Expressway; Bodh Gaya, Rajgir, Vaishali and Darbhanga spars.
An additional tooling bridge over River Ganga at Buxar at a total cost of 26,000 crore was announced.
#Budget2024 | FM Nirmala Sitharaman says, "On the Amritsar-Kolkata industrial corridor we will support the development of an industrial nod at Gaya in Bihar. It will catalyse the development of the easter region. We will also support the development of road connectivity projects-… pic.twitter.com/ifc7t81YJs
— ANI (@ANI) July 23, 2024
After Prime Minister Narendra Modi's BJP failed to secure the simple majority in the April-June Lok Sabha polls, the saffron camp needed the mandatory support of its allies to form the government for the third consecutive term.
The TDP and JD (U), which have 16 and 12 seats respectively in Lok Sabha, have emerged as key allies of the BJP, which won 240 seats, which are 32 short of the majority mark (272).
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