Its Official: Special Category status to AP!

Update: 2014-06-03 14:16 GMT
The NDA Government on Tuesday granted Special Category Status to residuary Andhra Pradesh for the next 5 yard with effect from June 8th, 2014. The Planning Commission will officially announce this decision in a day or two.

Benefits of Special Category status:

1) Flow of funds in big scale

2) Tax Holidays to Industries

3) Excise Duty concessions

4) 30% of Centre's budget support for Plan Expenditure

5) 90% of Plan Assistance as Grants and only 10% in the form of Loans.
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