Amravati takes over Hyderabad as Andhra Pradesh’s new capital
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Hyderabad : Speculations are now over! Amravati is the new capital of Andhra Pradesh
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Chief Minister Chandrababu Naidu made an official announcement after the cabinet meet on Wednesday
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Reason behind choosing Amravati: It was a prosperous and historically important city, says Naidu
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The new capital has both "vaasthu balam and nama balam", the chief minister added in his statement
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He also said that experts from Singapore are making a plan to develop Amravati and make it a best city in the world
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The bigger question will remain about finances as the state reels under fiscal deficit of Rs 18000 crore
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For development it needs Rs 20000 crores, government has sanctioned Rs 1500 crore.