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Andhra Pradesh Finance Minister Aanam Ramanarayana Reddy today unveiled a Rs 1,28,542 crore Budget for the 2011—12 financial year, projecting a fiscal deficit of Rs 17,602 crore.
The size of the budget is about Rs 15,000 crore more than last year’s budget estimate of Rs 1.13 lakh crore. This is the fourth consecutive year that the State’s Budget has been pegged at over Rs 1 lakh crore, despite actual spending falling...

Reiterating that it was for the Centre to take a decision on the contentious statehood issue, Andhra Pradesh Chief Minister N Kiran Kumar Reddy today appealed to Telangana protagonists not to hamper the development and welfare programmes.
“The Telangana demand is not new and it has been there for the past 50 years. The Centre appointed the Srikrishna Committee to look into the issue and based on its recommendations and consultations with all political parties it will take a decision...

Increasing its pressure on the TRS, the Telugu Desam, on Sunday, invited the TRS chief, Mr K. Chandrasekar Rao, to join the party-sponsored protest programme that it plans to host before the residence of the Congress president, Mrs Sonia Gandhi, on October...

The Union finance minister, Mr Pranab Mukherjee, has said that domestic stock markets have an appetite for more foreign investments as FII inflows were still at moderate levels. He also made it clear that it was not yet time for government intervention...