While asserting that the State’s development prospects have diminished due to the ‘loss of Hyderabad’ and the industrially developed areas to Telangana, Finance Minister Buggana Rajendranath Reddy requested the Central government to extend tax incentives to Andhra Pradesh (A.P.) on the lines of that being given to the special category and northeastern States to help it achieve an accelerated growth trajectory.
He also appealed to the Centre to exercise its powers under the AP Reorganisation Act, 2014 (APRA) for an expeditious division of properties and institutions of the unified State of A.P. between the successor State (A.P.) and Telangana.
He observed that the State had suffered enormously for almost a decade due to bifurcation and non-fulfilment of the assurances given on the floor of the Parliament and any further delay in resolution of the issues would severely impede its journey on the path of development.
