AP to seek share in oil, gas revenue from KG basin

The Andhra Pradesh government today decided to seek a share in the revenue from the oil and natural gas produced in the KG basin.
"The Cabinet appreciated the Centre's decision to give a share in revenue to states in coal blocks. The state has decided to request the Centre to give appropriate share in the oil and natural gas in the Krishna Godavari basin," Information Minister Palle Raghunatha Reddy told reporters here tonight after a marathon meeting of the state Cabinet.
"The state is newly-formed and needs to grow on the industrial front," he said, explaining why the share was sought.

The government today also decided to establish an international airport company for setting up international airport at Bhogapuram near Visakhapatnam. An aviation academy, maintenance and repair facilities would also be set up there.
The new airport terminal building at Tirupati would be inaugurated in July and the Rajahmundry airport would soon have night-landing facility. Six other airports would also be set up at various places, Reddy said.
As per the election promise of ruling TDP, the government today decided to offer debt redemption to the women self-help groups from June 3 to June 7. The total cost of this would be about Rs 9,000 crore if Rs 10,000 each is provided to 88 lakh members, he said.

A 'Nava Nirmana Deeksha' (vow for reconstruction) would be taken on June 2, the day the bifurcation of undivided Andhra Pradesh came into effect last year.
Asked if a state formation day would not be celebrated, the minister said the division of AP was not a happy occasion (for the residual AP), so, instead, this vow to strive for all-round development would be taken.
The cabinet today also decided to provide 50 per cent subsidy for seeds to the vegetable farmers.