Andhra Pradesh Government is under severe financial stress. While it is becoming increasingly difficult to meet the regular salaries and pension bills every month, the state government is rolling out new schemes every month. As a result, the government is resorting to loans like never before.
At this juncture, the Central Government has delivered sweet news. The Union Finance Ministry has okayed to release 1850 Crore Rupees towards the Polavaram Project expenses. The previous Chandrababu Naidu government had spent around 5000 Crore Rupees for the Project.
The central government has agreed to release 1850 Crore Rupees for now. The State Government is disappointed as it has expected the Center to release 3000 Crore at least. The State Government is expecting the remaining amount in two installments.
On the other side, it is known that Andhra Pradesh High Court issued a stay on the Project works in the wake of Reverse Tendering controversy.Don't MissAction Movie Review - Thrills In Parts, Bland OverallBOTTOM LINE Thrills In Parts, Bland Overall OUR RATING2.25/5 CENSOR 'U/A' Certified, 2 hrs 38...Don't MissIndication of Stained Relations Between Jagan and KCR?The other day, there were reports that things are not going well between both the...Don't MissTenali Ramakrishna BA BL Review -Sloppy Courtroom Drama BOTTOM LINE Sloppy Courtroom Drama OUR RATING2/5 CENSOR 'UA' - 2 hrs 08 mins...Don't MissJr NTR: The Favourite Topic of Outgoing TDP LeadersAs Chandrababu Naidu sat for TDP's First Major Protest this term, the Ruling Party seems...Don't MissVintage Babu Is Back?One after the other, there are continuous leaks from the sets of 'Sarileru Neekevvaru'. Mahesh...