A report in Sakshi went on to say that the Union Government has agreed to reimburse 3000 Crore Rupees for the State Government for Polavaram Project. The Union Water Resources Ministry has given its approval and the Finance Ministry is planning to release the funds to NABARD.
The State Government has also sent Utilization Certificates for another 1801.04 Crore and they are pending with Union Water Resources Ministry. If at all, the Center releases 3000 Crore Rupees, it will be greatly useful for the State Government which is under severe financial stress.
The new Chief Minister will also have a breathing space to execute his promises. If 3000 Crore is released at a time, it is the highest Single Payment ever for Polavaram Project and we can assume that the BJP Government is keen on helping Jagan Mohan Reddy as much as possible.
Until now, YSR Congress is alleging scam in Polavaram Project and Zero Progress in the Construction but is sending the Utilization Certificates of the Previous Government for money. On the other side, the works at Polavaram were stalled by Polavaram Authority citing Technical Reasons.Don't MissNani’s Gang Leader Is A DisasterIt is the ninth day since its release. And we are now in the second...Don't MissNow, A Believable Update about Sye Raa Satellite RightsThis morning we have reported that the news about Zee Network bagging the Satellite Rights...Don't MissTDP Loses Another Senior Leader, Former MP No MoreTelugu Desam Party lost another Veteran Leader just in the span of one week. After...Don't MissGaddalakonda Ganesh Sets Record For Varun Tej By Big MarginDefying the pre-release expectations, Gaddalakonda Ganesh has set new opening day record for Varun Tej....Don't MissCRDA Warns Demolishing Chandrababu's House in A WeekCRDA Officials have pasted another notice on Former Chief Minister Chandrababu Naidu's rented house in...