Finance outlook india logo
Home News Exclusive Expert's Viewpoint Corporate Startup Fintech Personal Magazine About Us Budget'26 Budget'24
  • Budget'25 Budget'24
    • Home
    • News
    TDP Expects Grants for Underdeveloped Districts with Timely Polavaram Funding

    Budget 2024: TDP Expects Grants for Underdeveloped Districts with Timely Polavaram Funding


    Finance Outlook India Team | Thursday, 18 July 2024

    The Telugu Desam Party (TDP) has outlined three key demands for Finance Minister Nirmala Sitharaman ahead of the Union Budget 2024. The budget session is scheduled to be presented on July 23. According to a credible source, these demands would be pertaining to the allocation of budgetary grants for backward districts, the prompt release of funds for the Polavaram irrigation project, and financial assistance for the development of Amaravati as the capital city.

    Nara Lokesh, TDP General Secretary and Andhra Pradesh Minister for Human Resources Development stated that these demands were not ‘anything out of turn’ but instead the fulfillment of ‘promises’ made. They further said that these demands are crucial for the state’s accelerated development.

    Andhra Pradesh Chief Minister N Chandrababu Naidu has also held a meeting with Union Home Minister Amit Shah on Tuesday. This was his second trip to Delhi within ten days. This visit was reportedly aimed at ensuring a significant budget allocation for the state. As per the report, Naidu is determined to secure these essential funds, as it has been promised under the Andhra Pradesh Reorganisation Act - 2014.

    Furthermore, as the report showcased, Nara Lokesh also highlighted, “In the past, there were certain promises that were part of the Andhra Pradesh Reorganisation Act. A major promise was budgetary grants per year for the backward districts. Also, there are national projects like the Polavaram project that need to be supported.”

    Securing Rights for Underpinned Districts

    The Andhra Pradesh government is focusing the budget to be allocated across underdeveloped districts which include Anantapur, Chittoor, Kurnool, Cuddapah, Srikakulam, Visakhapatnam, and Vizianagaram.

    Furthermore, Lokesh has emphasized the necessity of the Center’s support, especially with respect to the difficulties following the 2014 bifurcation that established Telangana; leaving Andhra Pradesh without Hyderabad, which was its economic hub. Also, the TDP has reportedly chosen not to pursue special status for Andhra Pradesh while seeking various funds and projects. This marks a notable change from their previous position. And speaking of the upcoming budget, the TDP is optimistic about the announcement of a petrochemical hub and an oil refinery in the state. Lokesh has reiterated the party’s unwavering support for the BJP-led coalition in advocating for these demands.



    Read More:

    ConvoZen Launches End-to-End Conversational AI

    India & France Revise Tax Treaty, Scrap MFN Clause, Ease Dividends

    KNOWLEDGE DECK

    Most Viewed

    • The Economic Impact of India-Pakistan War: A Detailed Analysis

    • Why Financial Literacy Matters More Than Ever for Today's Youth

    • Prominent Financial Advisors in India to Partner With

    • Rags to Riches: The Top 6 Indian Entrepreneurs' Motivational Tales of Success

    • Navigating Financial Disruption With Future Proof Financial Service Deliverability

    • India's Rs 31 Lakh Cr Green Push: Building the Foundation of a Net-Zero Future

    • Wakhariya & Wakhariya: Facilitating International Legal Processes across Diverse Domains

    • Aligning Financial Strategies with Sustainable Business Goals

    • The Top 5 Highest-paid Actors in India - 2024

    • Central Government Proposes Tax on Agricultural Water Usage

    • Carpediem Capital Invests INR 100 Crore, CorporatEdge to Deploy INR 350 Crore in the next 3 Years

    • EPFO Registers All-Time High Member Addition of 20.06 Lakh in May 2025

    • Unearthing Intricacies of Today and Beyond in the Indian Insurance Sector

    • Expected Correction in Housing Prices to Revive Sales in Coming Quarters

    • How to Choose the Right Mutual Fund for your Financial Goals?

    • Future of Corporate Finance: Emerging Trends in Treasury Solutions and Cash Management for MNCs

    • ElasticRun Announces FY24 Financial Results: Key Details

    • Financial Inclusion in Viksit Bharat

    • Abans Financial Services Advises Vaishali Pharma on Strategic Acquisition of Kesar Pharma






    🍪 Do you like Cookies?

    We use cookies to ensure you get the best experience on our website. Read more...

    Copyright © 2026 Finance Outlook India. All rights reserved.   Privacy Policy Terms of Use Blogs Conferences Subscribe WRAPUP’25