The estimated revenue deficit stands at Rs 34,743 crore (2.12 per cent of the GSDP), while the fiscal deficit is estimated at Rs 68,743 crore (4.19 per cent of the GSDP)
Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday asked officials to ensure that the drone policy the state is drafting is the best in the country. The chief minister reviewed the policy for 2024-29 which entails the goals of the Andhra Pradesh Drone Corporation over the next five years. "The drone policy being drafted by our state should be the best in the country. Ensure that Andhra Pradesh emerges as the best centre for the drone industry in the country," Naidu said in a statement. Offering attractive incentives, Naidu said drone manufacturers should be roped into the southern state to make investments. He called on the officials to develop Orvakal in Kurnool district as a drone manufacturing hub. The CM observed that drones should be used by government departments as much as possible, and called for the development of Amaravati as the drone capital of the country. Besides the drone policy, Naidu also gave directions for the Andhra Pradesh Data Centre Policy 4.0 ...
The Andhra Pradesh government will soon call fresh tenders for the state capital development works here, state Municipal Minister P Narayana has said. Addressing reporters after the 39th Capital Region Development Authority (CRDA) meeting, Narayana said, World Bank agreed to give Rs 15,000 crore for Amaravati development works but insisted on completing flood prevention works as soon as possible. Consequently, action will be taken to build reservoirs within the 217 sq km Amravati core capital region and outside. The Municipal Minister said the old tenders called for Amaravati will be closed soon and fresh tenders will be called to complete Amaravati works in three years. Between 2014 and 2019, he noted that tenders worth Rs 41,000 crore were called for Amaravati development and works to the tune of Rs 35,000 crore were also taken up. The High Court and Assembly buildings, roads, residential complexes of judges, ministers, officials and others were part of these works. Narayana acc
Making it clear that the rivers of the Vamsadhara, the Godavari, the Krishna and the Pennar will be interlinked, the Chief Minister felt that Amaravati is going to be the most beautiful city in India
After visiting the Rishikonda Palace spread over 61 acres here on Saturday, the Chief Minister asked media persons whether it is acceptable to build such a costly palace with public money
Andhra Pradesh offers a highly favorable environment for investments with investor-friendly policies, an extensive coastline, and well-developed road, water, and air connectivity, making it an ideal time for new industries to set up operations, according to Minister for Education, IT, and Electronics, Nara Lokesh. Minister Lokesh met with representatives of the US-India Business Council and Indiaspora. Speaking on the occasion, Lokesh emphasized that under the leadership of Chief Minister Chandrababu Naidu, Andhra Pradesh is rapidly progressing towards development. The state is set to become a hub for startups and manufacturing in the coming days, he said, adding an ecosystem conducive to industry growth is being developed, and the Economic Development Board has been revitalized to streamline approvals without delay. "As part of decentralized development, we have decided to promote the automobile sector in Anantapur, renewable energy in Kurnool, IT, pharmaceuticals, and medical ...
Andhra Pradesh Minister Nara Lokesh has said that the construction and developmental works by the government and private sectors in and around the capital Amaravati, worth USD 7.5 billion (Rs 63,000 crore) will start soon. Lokesh, who is currently touring the USA, has appealed to industrialists to invest in the state, which has a favourable environment in all aspects. "I explained that various construction and development works will be started in the vicinity of the capital Amaravati with USD 3 billion in the government sector and USD 4.5 billion dollars in the private sector," Lokesh said in a social media post on Sunday night. He further said new green field seaports are coming up at Machilipatnam, Ramayapatnam, Kakinada and Moolapet areas of the state. He also said the upcoming Visakhapatnam International Airport at Bhogapuram is set to boost large-scale economic activities there. The work on the airport will be completed in the next 18 months. The minister said an AI (artifici
Housing and Urban Development Corporation Ltd (HUDCO), a navaratna central public sector enterprise, has come forward to lend Rs 11,000 crore for the construction of Amaravati greenfield capital city in Andhra Pradesh, the state government said on Monday. Municipal Minister P Narayana, who was in Delhi today, met with HUDCO chief executive Sanjay Kulshrestha and explained to him about the state's government's plans for Amaravati development. "Satisfied by the state government's proposals, HUDCO CEO agreed to lend Rs 11,000 crore to Andhra Pradesh Capital Region Development Authority (AP CRDA) for Amaravati construction," an official release said. Out of the Rs 26,000 crore needed for constructing Amaravati Phase-1, the World Bank and Asian Development Bank (ADB) came forward to lend Rs 15,000 crore and the fresh promise of Rs 11,000 crore loan by HUDCO will ensure that the required amount of Rs 26,000 crore has been taken care of, it added.
The Andhra Pradesh government has rolled out a new liquor policy aimed at boosting revenue by Rs 30,000 crore, curbing illegal trade, and funding welfare schemes
Andhra Pradesh CM N Chandrababu Naidu said that his government plans to legislate allowing only candidates with more than two children to contest local body elections
Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday restarted the Capital Region Development Authority (CRDA) project works here. The works at Rayapudi village in the capital region were restarted after a hiatus of five years, following the erstwhile YSRCP government abandoning Naidu's 'dream project'. Naidu took up the CRDA project office works in a seven-storey building at a cost of Rs 160 crore during his earlier tenure between 2014-2019. However, between 2019 and 2024, former Chief Minister Y S Jagan Mohan Reddy promoted the idea of three capital cities and kept the development of Amaravati on the back-burner. With the emergence of Naidu as the CM of the bifurcated state for the second time post 2024 polls, Amaravati capital project received a shot in the arm. On October 16, the decision to restart the works was taken during a CRDA authority meeting, said an official statement on Saturday.
Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said that the World Bank has agreed to extend Rs 15,000 crore loan to the state government for the construction of the capital Amaravati and its work will start from December. Addressing a press conference here, Naidu, thanking Prime Minister Narendra Modi, whom he met on Monday, said, the Centre has agreed to release Rs 12,500 crore towards the construction works of Polavaram project. He further said oil and gas major Bharat Petroleum Corporation Ltd will be setting up a refinery with an investment outlay of Rs 85,000 crore in the state and the company is currently conducting a feasibility study into selecting the location. The chief minister said he appraised the PM of "Swarna Andhra Pradesh 2047" vision document which is under preparation, aiming to make the state a USD 2.5 trillion economy with USD 40,000 per capita income. "The World Bank has agreed to give Rs 15,000 crore for the construction of Amaravati capital ..
Naidu further stated that the government's primary responsibility is not only to provide welfare measures but also to increase the incomes of the people
YSRCP leaders are advocating for a Supreme Court-monitored investigation to ensure impartiality in the Tirupati laddoo row
In the wake of Tirupati Laddu adulteration allegations, the FSSAI has issued a show cause notice to a Tamil Nadu-based firm for supplying substandard ghee to Tirumala Tirupati Devasthanam, official sources said on Monday. In the notice, the food regulator asked A R Diary Food Private Ltd why its central licence should not be suspended for contravention of the provisions of the Food Safety and Standards (Food Products Standards and Food Additives) Regulation, 2011. According to the notice, FSSAI said it received information from The Director of the Institute of Preventive Medicine, Mangalagiri (Andhra Pradesh), that A R Diary Food Private Ltd in Dindigul was one of the suppliers of Ghee to Tirumala Tirupati Devasthanam (TTD) since last four years. Further as per the information, the ghee procurement committee of TTD has sent all the samples supplied to TTD for testing to NDDB CALF Lab at Anand, Gujarat. "After analysis, the sample from your firm M/s. A R Diary Food Private Ltd (FSS
Dubbing the Andhra Pradesh Chief Minister as a "habitual liar", YSR Congress chief YS Jagana Mohan Reddy on Sunday sought Prime Minister Narendra Modi's intervention to reprimand Chandrababu Naidu over the Tirupati laddu adulteration issue. In a letter addressed to PM Modi, Jagan alleged that CM Chandrababu Naidu has stooped so low as to hurt the beliefs of crores of people purely for political objectives. Detailing the process undertaken at Tirumala Tirupati Devasthanams (TTD) the custodian of the super-rich shrine of Sri Venkateswara Swamy for accepting ghee, in an eight page letter, Jagan alleged that Naidu's actions lowered not only the stature of CM but also that of everyone in public life, the sanctity of TTD and its practices. Sir, the entire country looks to you at this crucial juncture. It is very imperative that Mr Naidu be reprimanded in the severest way for his shameless act of spreading lies and the truth be brought to light. Sir, this would help allay the suspicions th
Andhra Pradesh announced a new excise policy with 180 ml liquor at Rs 99; it also includes an AI university, and renaming Bhogapuram Airport to Alluri Seetharamaraju International Airport
The previous policy, the white paper alleged, led to the non-availability of popular IMFL brands, which in turn caused an increase in sales of poor-quality brands and spurious substances
Chief Minister N Chandrababu Naidu has said the recent torrential rain and subsequent floods in Andhra Pradesh, particularly in Vijayawada, is the "biggest disaster" he has witnessed in the state in his political career. Naidu on Monday also said he will request the central government to declare the flood in the state as a national calamity. At least 17 people have been killed in rain-related incidents and the floods. "In my career, this is the biggest disaster...We had some events like Hudhud hurricane and Titli cyclone but compared to these, here the human suffering and property loss is the biggest," Naidu told a press conference at the NTR district collectorate late Monday. The collectorate in the district, one of the worst hit by the incessant rain in the state and floods, has been turned into a temporary secretariat by the chief minister. Naidu said all reports related to the calamity will be sent to the Centre and he will request it to liberally give funds to the state to ...
Governor cautioned people to remain in safer places and not to venture outside except in emergency situation