Union Finance Minister Nirmala Sitharaman has... ... Live Updates: Hyderabad, Telangana and Andhra Pradesh News Today 6 January 2022

Union Finance Minister Nirmala Sitharaman has issued orders sanctioning Rs. 320 crore for the Polavaram project. It has been directed to release these funds to the Polavaram Project Authority (PPA) from the funds allocated to the Union Ministry of Water Energy in the 2021–22 budget. These will reach the PPA account on Thursday. Authorities said they would reach the state treasury on Friday. The Center declared the Polavaram project as a national project under the Bifurcation Act. On April 1, 2014, the Irrigation Department promised to reimburse one hundred percent of the cost. The state government has so far spent Rs. 18,372.14 crore on the project of which Rs.13,641.43 crore was spent after April 1, 2014. Meanwhile, the Centre has so far repaid Rs 11,492.16 crore and owes Rs 2,149.27 crore.Read more