3 months ago
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IT & HRD Minister Nara Lokesh said successful a societal media station connected Sunday that the Union Budget 2026-27 was well-balanced and successful alignment with India’s accelerated maturation and semipermanent aspirations.
Mr. Lokesh stated that Andhra Pradesh would payment importantly from the Critical Minerals Corridor and high-speed obstruction connectivity. A stronger propulsion for electronics manufacturing and renewed absorption connected tourism were the different benefits, helium said. “We are excited to leverage this Budget to accelerate investments, make jobs, and powerfulness A.P.’s adjacent signifier of growth,” helium added.
Devolution of funds
Former Finance Minister and elder TDP person Yanamala Ramakrishnudu said successful a merchandise that the Central Government’s acceptance of the 16th Finance Commission’s proposal of 41% devolution of funds to the States was not praise-worthy. The States would beryllium severely constrained to conscionable their burgeoning improvement expenditure, helium observed.
Mr. Ramakrishnudu said the Budget was soundless connected the further load connected the States entailed by the Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission-Gramin (VB-G RAM-G). The States’ deficits were apt to summation arsenic the Centre did not bash capable connected the fiscal consolidation front, Mr. Ramakrishnudu said, adding that the Budget attached small value to the microeconomics of the poor.
