The Andhra Pradesh Assembly today passed a Bill granting statutory status to the AP Economic Development Board.
The government, however, deleted a controversial clause in the Bill that barred courts from entertaining any petition against Board officials or its consultants in relation to their functions.
However, another clause that says "no suit, prosecution or other legal proceeding shall lie against the Board or any member, in respect of anything which is done or intended to be done in good faith" has been retained.
The Bill, moved by Finance Minister Yanamala Ramakrishnudu on behalf of the Chief Minister, was taken up for consideration in the Assembly today.
The government also withdrew a chapter in the bill that was intended to make the State Investment Promotion Board and the State Investment Promotion Committee statutory bodies.
A clause seeking to merge Sunrise Andhra Pradesh
the brand being promoted to attract investments into the state
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
