As we know after Telangana divided from Andhra Pradesh state, this has affected the economy of AP widely. There is a lot of deficit and no metro city in the state. This led to a lot of problems like no industries which can provide employment for the youth as all the Development has happened in Hyderabad and all the major companies are established in Hyderabad.
During the bifurcation, the ruling government Congress and the Opposition BJP during bifurcation gave promise and hope for AP people about Special Status. But as time passed, the present CM Nara Chandra Babu Naidu garu got convinced by the ruling government which is BJP about the special packages for the state.
So let’s see the difference between Special Status and Special Package:
|Sno||Special Status||Special Package|
(C&D won’t be there separately once GST implemented but centre should reimburse the equivalent amount )
|Enhance Investment Allowance|
|02.||30% Capital investment allowance||Accelarated depreciation|
|03.||Centre will reimburse insurance premium for industries.||With money from centre, Govt can build Roads and buildings|
|04.||3% interest subsidy on loans taken to setup industries||Unemployment remains same|
|05.||Transport charges will also be reimbursed||Good buildings and Roads doesn’t increase state economy|
|06.||50% discount on power bills|