As it happened: A.P. Budget presentation

14.11: Finance Minister concludes Budget speech and the Assembly has been adjourned by Speaker Kodela Siva Prasada Rao to meet on Friday morning again.

14.10: Godavari pushkaralu will get Rs.200 cr.

14.02: RS.4062 crore for National Marine Academy at Vijayawada and 300 acres Government land identified: FM

13.56: RS.770 Crore being sought from World Bank through Union Government for taking up Hudhud related works: Finance Minister.

13.26: Rs. 3,168 crore provision proposed for new State capital.

13.24: Rs. 8,212 crore provision proposed for Rural Development and an allocation of Rs. 3,296 crore for Panchayati Raj.

13.20: Rs. 5,728 crore allocation proposed for health, medical & family welfare and Rs. 14,962 crore provision proposed for School education.

13.15: Allocation of Rs. 46 crore proposed for handlooms & textiles, Rs. 897 crore for housing. and Rs. 2,459 crore for Civil Supplies.

13.12: Rs. 1,080 crore provision for Women & Child welfare. and Rs. 45 crore for welfare of the disabled and senior citizens.

13.10: Rs. 3,231 crore provision proposed for BC Welfare. and Rs. 379 crore for Minorities Welfare.

13.08: Rs. 2,123 crore provision proposed for social welfare. Rs. 993 crore provision proposed for Tribal Welfare.

13.06: Rs. 5,258 crore provision proposed for irrigation in Budget Estimates 2015-16.

13.05: Lift irrigation scheme taken up at Pattiseema of West Godavari to divert 80 TMC of flood water to River Godavari through ISRMC to River Krishna.

13.04: Sports will get Rs. 45 cr., while Vijayawada and Visakhapatnam METRO RAIL projects will get Rs. 300 cr

13.03: Polavaram will divert 80 TMC of Godavari waters to River Krishna and irrigate 7 lakh acres, supply 23.44 TMC for drinking and industrial needs of Visakhapatnam City and generate 960 MW hydel power.

13.02: Polavaram declared as national project and the first in India for interlinking of rivers.

13.01: Provisional estimates of per capita income at current prices for 2014-15 is Rs. 90,517 against Rs. 81,397 crore in 2013-14, a growth of 11.21 per cent.

13.00: Provisional estimates of GSDP at current prices for 2014-15 (Advanced Estimates) is put at Rs. 5,20,030 crore as against Rs. 4,64,183 crore, a growth of 12.03 per cent.

12.59: Allocation for health sector up from 3.92 per cent of total budget to 5.07 per cent.

12.59: Quotes George Bernard Shaw ‘The greatest evils and worst of crimes is poverty; our first duty, a duty to which every other consideration should be sacrificed, is not to be poor’.

12.59: Forests department will get Rs. 284 cr

12.58: AP FM says vision is to achieve a poverty-free society where citizens have equitable opportunities.

12.57: BC welfare will get Rs. 3231 cr

12.57: Information Technology department will get Rs. 370 cr

12.56: Smart village/Smart Ward is the ultimate development paradigm, says AP FM Y. Ramakrishnudu.

12.54: Higher education will get Rs.3049 cr and Intermediate education Rs. 585 cr

12.52: School education will get Rs 14962 cr

12.50: Increase in capital budget layout is from Rs. 7,069 crore to Rs. 9,818 crore, up 38.88 per cent.

12.48: Skill development will get Rs. 360 cr

12.46: Increase in plan budget from Rs. 26,672 crore to Rs. 34,412 crore, up 29.02 per cent.

12.44: Total increase in size of budget is 1.1 per cent, up from Rs. 1,11,823 crore for 2014-15, to Rs. 1,13,048 crore.

12.42: Medical and health Department will get Rs.5728 crore

12.40: By 2019-20, the tax-GSDP ratio is expected to go up to 8.41 per cent, while for Telangana it is expected to touch 10.26 per cent.

12: 38: Projected tax-GSDP ratio as per 14th Finance Commission for A.P. is 7.98 per cent against 9.99 per cent for Telangana in 2015-16.

12.36: Provisions in the AP Reorganisation Act, 2014 for development of AP signify only tokenism and may not compensate the loss of opportunity for the people due to the division.

12.34: AP FM recalls the unfortunate scenario which the present Government inherited and the manner in which it is compelled to deal with complexities and problems that the State is burdened with.

12.33: AP Finance Minister Y. Ramakrishnudu says his budget for 2015-16 is one more step forward in the direction of realising an equity-oriented, dynamic and cohesive society.

12.31: Tribal welfare will get Rs. 993 cr.

12.29: Roads and buildings dept will get Rs. 2960 cr

12.25: A.P. Transport department will get Rs. 122 cr.

12.24: Nature too has not been kind to AP.

12.23: Finance Commission unfairly treated AP on par with other states in deciding quantum of the grants.

12.22: Y. Ramakrishnudu projects plan expenditure at Rs. 34,412 cr and non-plan expenditure at Rs. 78,637 crore.

12.20: Finance Minister presents Rs 1,13,049 crore budget.

12.16: AP Finance Minister, Y. Ramakrishnudu brings budget papers in an environment- friendly bag to the Assembly.

12.10 p.m.: First full-fledged budget of Andhra Pradesh after its division last year being presented by Finance Minister Yanamala Ramakrishnudu in Hyderabad on Thursday.

View the original article here