Yanamala accuses Centre of denying due share to State

Yanamala accuses Centre of denying due share to State
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Finance Minister Yanamala Ramarkrishnudu addressing the media in Kakinada on Tuesday. Kakinada City MLA V Venkateswara Rao is also seen.
Highlights

Finance Minister Yanamala Ramakrishnudu alleged that the Centre was not allocating due share of income to the State.

Kakinada: Finance Minister Yanamala Ramakrishnudu alleged that the Centre was not allocating due share of income to the State. Addressing the media at district TDP office here on Tuesday, Yanamala said that the TDP was spending Rs 1 lakh crore on welfare schemes out of the total budget.

Accusing the Centre of not allocating 42 per cent of total income from the State back to it for its welfare schemes, Yanamala said that the Centre was acting in a biased manner and indulging in vendetta politics.

Yanamala pointed out that the Centre had promised a special package instead of the Special Status. But it had failed to sanctioned funds to the State as promised under the special package. Even for Amaravati, allocations were not made as per the assurances made earlier, he said.

Turning his attention towards KCR and financial issues rated to Telangana, the Finance Minister said that AP is supposed to receive Rs 3,500 crore towards power related issues. Commenting on reports of KCR extending financial assistance to YSRCP to fight the present elections, Yanamala questioned KCR on how he could extend assistance to an economic offender who is involved in 31 cases related to misuse of Rs 43,000 crore.

On the issue of extending a helping hand to the BCs, Yanamala said that the TDP is the first political party committed to the welfare of BCs. It has provided quota to BCs and allocated adequate funds for their welfare.

On the issue of old-age pensions and unemployed youth assistance, the Finance Minister said that the assistance to these sections will be raised from Rs 2,000 to Rs 3,000 per month once the TDP is voted again to power. Yanamala also assured Rs 50,000 to SHG women in next five years.

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