Reddy said his government will table the report in the assembly for a thorough discussion and to decide on course of action based on the recommendations.
The irrigation project saw ‘rampant & brazen procedural and financial irregularities’, it says. Telangana Cabinet will review report and decide further course of action.
The entire idea of the Kaleshwaram project is to avoid water wastage. The geniuses in the government must understand that public projects like this simply cannot be junked.
Hyderabad-based firm which only takes up govt projects donated Rs 966-cr — Rs 1,186-cr including Rs 220-cr of Western UP Power Transco — in electoral bonds to various parties in last 5 yrs.
CAG report tabled in Telangana assembly says cost of lift irrigation project likely to exceed Rs 1,47,427 crore, as against Rs 81,911 crore projected by former KCR govt.
State had set up a Special Purpose Vehicle for the Rs 1 lakh crore Kaleshwaram irrigation project, which raised loans worth Rs 87,449.15 crore. The rest has to be repaid over next 12 years.
Kaleshwaram lift irrigation project, of which Medigadda barrage is a part, was a showpiece endeavour of ex-BRS govt. Over 4 yrs after launch, 6 of Medigadda's 86 piers sank 1.2 m last yr.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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