India News

Andhra Pradesh Chief Minister Chandrababu Naidu has urged the Centre to relax the limit set by the Fiscal Responsibility and Budget Management (FRBM) Act so that the state could go for more borrowings, which can thus boost public spending.

Naidu opined that it is the responsibility of all the parties to come in the rescue of Andhra Pradesh, as injustice was done to it after states bifurcation. Moved by Congress leader KVP Ramachandra Rao seeking special status to AP, Naidu was referring to the stalemate in Rajya Sabha for the last two days over the private member's bill.

Naidu declared that he and his party would protect the interests of the public and so supporting the private member’s bill. Apart from the special category status, other demands he raised are the execution of Polavaram as a national irrigation project, sanction of railway zone at Visakhapatnam, special package for development of backward regions, provision of tax incentives for rapid industrialisation and release of balance grant to bridge the resource gap.