Finance Ministry allows additional Rs 7,106 crore borrowing by Uttar Pradesh, Andhra Pradesh
NEW DELHI: The government of India (Centre) on Friday permitted Uttar Pradesh and Andhra Pradesh to go for an additional borrowing of Rs 7,106 crore, to meet their expenditure requirements amid falling revenues due to the COVID-19 crisis. “The Ministry of Finance has granted additional borrowing permission to two more states, Uttar Pradesh and Andhra […]
REPL bagged infrastructure consultancy projects in Andhra Pradesh, Odisha
NEW DELHI: Delhi-based infrastructure consultant Rudrabhishek Enterprises Ltd. (REPL) said that it has bagged two important infrastructure development projects in Andhra Pradesh and Odisha. The Odisha Mineral Bearing Areas Development Corporation (OMBADC) has appointed REPL to provide consultancy and prepare Detailed Project Report (DPR) for Development of Education Infrastructure for 93 schools in Sundargarh district […]
Andhra Pradesh urges Centre to clear Rs 9,164 crore dues immediately
NEW DELHI: The cash-starved Andhra Pradesh government has requested the Centre to immediately release Rs 9,164 crore under various heads, due to the state for several years. Despite borrowing heavily from different sources, the Y S Jagan Mohan Reddy government is finding it very difficult to foot the bill for numerous freebie schemes and has […]
Andhra Pradesh enhances tax on natural gas by 10 per cent
AMARAVATI: Citing the fall in revenues due to the COVID-19 induced lockdown, the Andhra Pradesh government on Saturday enhanced the tax rate on natural gas by 10 per cent, estimating that it could fetch an additional revenue of about Rs 300 crore per annum. Less than a month ago, the government revised the tax structure […]
Andhra Pradesh Chief Minister gives nod to hike taxes levied by Transport Department
AMARAVATI: In dire need of funds for his numerous freebie schemes, Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy has given his nod for enhancement of various taxes by the Transport Department that could net an additional sum of Rs 400 crore to the exchequer per annum. Consequently, life tax on two-wheelers and four- […]
Credit for top EoDB ranking to Andhra Pradesh goes to Chandrababu Naidu: TDP
NEW DELHI:With Andhra Pradesh on Saturday retaining top position in the Ease of Doing Business (EoDB) 2019 ranking, the Opposition Telugu Desam Party (TDP) claimed that the credit for it goes to former Chief Minister N. Chandrababu Naidu. Former Vice-Chairman of Andhra Pradesh Planning Board Cherukuri Kutumba Rao described the number one rank to the […]
TDP transferring Rs 50,000 aid to Vizag gas leak victims’
NEW DELHI: Telugu Desam Party (TDP) chief N Chandrababu Naidu on Monday said a financial aid of Rs 50,000 to the gas leak victims’ families in Visakhapatnam — which he wanted to hand over personally — is now being transferred directly into their bank accounts. While the toll in the gas leak has been put […]
12 more to be arrested in ESI medical scam: ACB
AMARAVATI: The Andhra Pradesh government’s Anti Corruption Bureau (ACB) on Sunday said 12 more people accused in the multi-crore Employees State Insurance (ESI) scam would be arrested in the coming days. The state police has arrested Telugu Desam Party (TDP) MLA and former labour minister Kinjarapu Atchanaidu, and six others so far, it said. “In […]
Andhra Pradesh government signs Bhogapuram airport deal with GMR
AMRAVATI: The Andhra Pradesh government and GMR group have signed an agreement to build an international airport at Bhogapuram in the state. The greenfield airport project to come up at Bhogapuram near Visakhapatnam, is being developed as a crucial gateway to the northern part of Andhra Pradesh. The agreement was inked on Friday in the […]
Andhra Pradesh opposes amendments to Electricity Act
AMARAVATI: The Andhra Pradesh government has opposed the proposed amendments to the Electricity Act, 2003, saying they were not only “against the spirit of the Constitution of India” but also were likely to undermine consumer interest and affect industrial growth. The proposed Electricity Amendment Act was apparently aimed at usurping the powers of the states, […]
After Delhi, Andhra Pradesh government hikes liquor prices by another 50 per cent
NEW DELHI: The Andhra Pradesh government has enhanced prices of liquor by another 50 per cent on Tuesday, only a day after imposing a 25 per cent hike as shops were reopened in relaxation of the ongoing lockdown. Special Chief Secretary (Revenue) Rajat Bhargava said the abnormal increase in liquor rates was to ‘discourage’ people […]
Foxconn gets approval to begin manufacturing at Andhra plant: Xiaomi
NEW DELHI: Amid uncertainties over letting mobile and original equipment manufacturers (OEM) reopening factories, Xiaomi India on Monday confirmed Foxconn that manufactures its phones has received necessary approval to reopen its plant in Andhra Pradesh. “Foxconn has received the necessary approval to begin its operations. We expect production to start in the next few days,” […]
Andhra Pradesh government to resume sale of liquor from Monday
NEW DELHI: The Andhra Pradesh government on Sunday said it will resume sale of liquor from its outlets from Monday, but will impose a new “prohibition tax” to discourage people from consuming alcoholic beverages. The prohibition tax could be up to 25 per cent on the existing prices, Special Chief Secretary, Industries and Commerce, Rajat […]
Andhra Pradesh releases Rs 1,962 crore for Polavaram project work
AMARAVATI: The Andhra Pradesh government on Thursday released Rs 1,962 crore for various works related to the Polavaram multipurpose project, even as the state was awaiting disbursal of over Rs 3,000 crore by the Centre. Of the total sum released on Thursday, over Rs 1,252 crore would be utilised on the Polavaram main dam and […]
Andhra Pradesh Chief Minister launches scheme to provide financial assistance to students
AMARAVATI: Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Monday launched yet another scheme named after him ‘Jagananna Vasthi Deevena’ under which a financial assistance of Rs 2,300 crore would be provided to students pursuing various post-Intermediate courses to meet hostel and mess expenses. The Chief Minister launched the programme in Vizianagaram district […]
High-power panel on Andhra Pradesh capital to engage with all stakeholders
NEW DELHI: The high-powered committee of ministers and bureaucrats, which conducted its first meeting here on Tuesday, has decided to engage all stakeholders in talks before finalising its report on the state capital issue. The HPC, which has 10 ministers and six bureaucrats, including the state Chief Secretary, is supposed to deliberate the reports of […]