Accordingly, in the component of centrally sponsored schemes, an amount of Rs 16447 crores was mutually agreed upon between the central and state governments. The Centre is agreeable to even that provided a mechanism is worked out, he told reporters at his office here.
The TDP chief warned the Centre that it would not bode well if people's sentiments were ignored.
Jaitley further said that "funds can not be allocated on the basis of sentiments".
He said that although the concept of special status states existed when AP was bifurcated, after implementation of the 14th Finance Commission recommendations it was Constitutionally restricted to the North-East and the three hill states.
Speaking at Jantar Mantar, Mr Gandhi said, "We are for special category status for Andhra Pradesh". TDP leaders have been vociferous over the special category status issue since Jaitley presented the Budget on February 1.More news: Nawaz Sharif's PML-N wins big in Parliament's upper house polls
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"The principal issue relates to what is the implication of a special status". Noting that Andhra Pradesh is "a special case", he said that the Centre should provide industrial incentives to it as is done for northeastern states.
"The government is ready to give the monetary equivalent of the special status to AP". Within a few minutes of commencement of the session, Lok Sabha was adjourned by Speaker Sumitra Mahajan after TDP MPs rushed into the Well holding placards with slogans "Do Justice to Andhra Pradesh". Of this, the central government assured to pay Rs 4117 crores but so far it has released Rs 3979.5 Crores. "There has to be to a basis to calculate financial deficit", he said, addressing the press.
He said the state had asked for loans through NABARD instead of external agencies such as the World Bank or Asian Development Bank. Every state in India has a right to same central funds in the same manner.
We have discussed all these with the special committee that AP Government has sent. Jaitley hoped for a positive outcome as he believed that the state needs assistance.
Clarifying the provision of tax and revenue deficit, Jaitley stated that tax concessions were already given in the first two years, along with provision for revenue deficit as per the Finance Commission.