Economy News-Daily Digest: Key Updates
1. Centre grants ₹1,269 crore for Andhra Pradesh projects
The Centre has released a sum of ₹1,269 crore to Andhra Pradesh under different heads in the past few days, amid a strain in ties between the National Democratic Alliance (NDA) and its ally, the Telugu Desam Party (TDP), over allocation given to the State in the Union Budget.The gross grant included ₹417.44 crore for the Polavaram multipurpose project.
The Centre, through the Polavaram Project Authority, has so far released ₹4,329 crore for the project, while the State government said it spent over ₹7,200 crore after it was declared a national project.