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.
Is there a place for a counter-bureaucracy, or a separate and competing bureaucracy to counterbalance the force of the executive’s bureaucracy, asked author MH Mody in 1980.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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