Andhra govt to release Rs 1,452 cr fund to local bodies to speed up works

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Andhra Pradesh Finance Minister P Keshav on Tuesday said the government will release Rs 1,452 crore as funds to local bodies in the state to speed up works at the village and ward levels.

According to directions from Chief Minister N Chandrababu Naidu, it has been decided to release Rs 998 crore to gram (village) panchayats and Rs 454 crore to urban local bodies, he said.

The release of these funds will financially strengthen the local bodies," said the Finance Minister in a press release.

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Category: BusinessFinance

Markets: India

Topics: Andhra Pradesh Rural local bodies Andhra Pradesh government Urban local bodies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 21:54:11 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 202 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22181996

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