Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
The Asian Development Bank (ADB) has sanctioned a USD 788.8 million (over ?6,600 crore) results-based loan to Andhra Pradesh for the development of Amaravati as a green and smart capital city that offers world-class infrastructure. According to an official statement from ADB, the loan will be provided in Japanese yen, amounting to 121.97 billion yen. The Amaravati Inclusive and Sustainable Capital City Development Programme is designed to transform Amaravati into a growth hub for the region, enhancing economic prospects, providing job opportunities, and improving living conditions of the residents. ADB and other multilateral development banks (MDBs) will bring global expertise and technical support to the Government of Andhra Pradesh, establishing a strong foundation for a dynamic, sustainable, and vibrant capital city, said Mio Oka, ADB Country Director for India. We believe that Amaravati will become a replicable model for not only developing greenfield cities but also for ...
Chief Minister N Chandrababu Naidu on Wednesday said global tech giant Google and Andhra Pradesh are eyeing a big Artificial Intelligence opportunity in Visakhapatnam. Addressing a district collectors conference at the secretariat, the CM said Google and the southern state have signed an agreement, which would catapult the port city's development. Recently when IT Minister (Nara Lokesh) went to America, he went to Google campus and requested them. And the result of that is today Google has (agreed to come to Vizag). We signed an MoU (agreement) before coming here. We are looking at a big opportunity in AI, said Naidu. After proposing Vizag as a prospective location, the CM said Google executives visited Andhra Pradesh's largest city for a firsthand survey and were totally impressed. If big firms like Google come to Visakhapatnam under strategic investment, that is a game changer, he said, adding that data centres, AI, machine learning (ML) and deep tech, along with internet sea ...
Information of all departments should be integrated through Real Time Governance Society (RTGS) to monitor it all together, Naidu said during a review with officials of the Chief Minister's Office
A delegation of Biju Janata Dal (BJD) has met top officials of ministries of environment and tribal affairs in New Delhi and apprised them of adverse impacts of Andhra Pradesh's Polavaram irrigation project on livelihood, land and interest of indigenous people in Odisha's Malkangiri district, the party said on Thursday. The team met the central officials on Wednesday. The BJD delegation, led by senior leader and former minister Debi Prasad Mishra, had also met Union Jal Shakti Minister CR Paatil in the national capital on Tuesday and apprised him of the potential of submergence of large areas in Malkangiri due to the construction of the multi-purpose project in the neighbouring state. The team met Union Environment, Forest and Climate Change Secretary Leena Nandan and submitted a memorandum to her, highlighting how the Polavaram project would cause extensive damage to the flora and fauna in tribal-majority Malkangiri district of Odisha. The BJD memorandum said, The Polavaram projec
Investigation by Vigilance and Enforcement wing reveals misuse of government funds amounting to Rs 1 crore during Sanjay's tenure as Director General of Disaster Response and Fire Services
Addressing the local public, the CM promised to transform Rayalaseema into a horticulture hub, adding that special funds would be allocated for Rayadurgam municipality after formulating an action plan
Expressing serious displeasure, Kalyan questioned how such large-scale rice smuggling could occur undetected at Kakinada Port
The Supreme Court on Friday adjourned till January, 2025, the hearing on an appeal filed by the Andhra Pradesh government against the order of bail to Chief Minister N Chandrababu Naidu in the skill development corporation scam case. A bench of Justices Bela M Trivedi an S C Sharma deferred the matter after senior advocate Mukul Rohatgi, appearing for the state government, sought the adjournment. "There is no point in adjourning the matter from time to time. By way of a last opportunity list in the second week of January," the bench said. Seeking a direction to set aside the bail, the state government called Naidu an "influential person" alleging he ensured that two of his key associates (including a government servant) flee the country. "The accused is therefore clearly obstructing the conduct of the investigation and, therefore, ought not to be granted bail," its plea stated. On November 20, 2023 the Andhra Pradesh High Court granted bail to Naidu while noting the discretion to
Catch all the latest news updates from around the world here
The Andhra Pradesh government was set to procure 7,000 MW of solar power from Adani Group through Seci aiming to supply cost-effective power to the agricultural sector
Chief Minister issued directions that the Amruth-2 scheme should be completed within two years
Former Andhra Pradesh Energy Minister and Janasena leader B Srinivasa Reddy on Monday said that he had no knowledge of the erstwhile YSRCP regime initiating a deal with the Solar Energy Corporation of India (SECI), which is now embroiled in an alleged international bribery scandal. Business tycoon and Adani Group chairman Gautam Adani has been charged by the US Department of Justice over his role in an alleged years-long scheme to pay USD 250 million bribe to the Indian officials in exchange for favourable terms for solar power contracts, an allegation refuted by the Indian conglomerate. The previous YSRCP regime in Andhra Pradesh is embroiled in this alleged scam with claims that government officials received bribes from the Adani Group. Reportedly, the southern state signed solar power deals with the SECI which are also allegedly connected to these allegations. I don't know that they (erstwhile YSRCP regime) spoke to SECI. They are saying that I signed the document. I didn't sign
Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday introduced SwarnaAndhra@2047 Vision document in the Assembly here, which envisages to achieve a 'wealthy, healthy and happy' Andhra Pradesh in the next 23 years. The Chief Minister noted that 2047 is significant as it will mark the centenary of Indian independence from colonial rule, and everyone will need to proudly say what we have achieved in 100 years. "Prime Minister Narendra Modi launched Viksit Bharat 2047 and we are launching SwarnaAndhra@2047'. It (state) should be wealthy, healthy and a happy Andhra. It should have these three elements," said Naidu, addressing the House. According to the CM, the vision document was drafted following widespread consultations and grassroots-level engagement such as conducting workshops at mandal and municipality level and covering over 1.18 crore households, among others. "By 2047, Andhra Pradesh envisions a state of happy, thriving, and responsible Telugus, fostering a progressive
Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday said the state government is in possession of the "chargesheet reports" filed in the US related to the alleged bribery scam involving the previous YSRCP government and the Adani Group, and promised to act on the irregularities. Business tycoon and Adani Group chairman Gautam Adani has been charged by the US Department of Justice over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts, an allegation refuted by the Indian conglomerate. The previous YSRCP regime is embroiled in the alleged scam with claims that government officials received bribes from the Adani Group. Addressing the Assembly, the Chief Minister said his government will study those charges and act on them. "I have all the chargesheet reports filed there (US). It is in the public domain. Will study it (the allegations and indictment). Will act on it and inform ...
Andhra Pradesh govt issues 680 notices, files 147 cases and arrests 49 individuals in a week over derogatory social media posts allegedly targeting the wives and daughters of TDP leaders
Popular in Andhra Pradesh as the "job creator in chief", the state minister of IT, electronics & communications, and human resource development, says the mantra now is "speed of doing business"
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