Ad Here  
May
June
July
August
September
October
 
 
State Forward TN to suffer serious loss KTR releases Annual Report Tasks for the new government States Roundup AP in better shape Oh, la la. Winds of change... It’s Karnataka chalo for Amit Shah? Reducing carbon footprint... Technology has raised the bar... Infra boost to the new capital Miners asked to pay more Municipal Elections Enchanting and enterprising Tamil Nadu A giant push for millets Mango Diplomacy Info-Park, more space Thalaivaa Land acquisition policy is ahead of national policy... Lingayats get a reminder: it’s poll time Doubling production and tripling farmers’ income... A blueprint for the future Monsoon fury Fanciful Rao and tech-savvy Naidu Deputy Collector Sindhu! Vedanta to close Lanjigarh refinery Infrastructure to the FORE State under siege KNPP with the grid Global Investors Meet Post Poned Kochi Metro Rail Project Launch of ins vikrant, India’s first indigenous aircraft carrier When business flocks to MP... Divide & Prosper Development depends on land availability... KCR’s I-day bonanza Homestays, a budding tourism industry Leaky old lorries, mini cabs for techies... TN to suffer serious loss Bus services hit Waste disposal model Green crimes galore MOUs worth Rs.10.54 lakh crore signed Industrial corridors to boost economy Illegal mining of sand Bifurcation yet to end water wars A neta at it again! MCL has a taste of judicial activism! ‘E’ for enterprise Stirring the political cauldron Strike over salary hike Inter-State boundary CII to set up tourism bureaus Of development and welfare States - Odisha ODISHA With agriculture at its heart... Power for all Land scams rock AP & TS Come to Tamil Nadu where the action is... Time to wake up Hype on Hyperloop Why the Congress won in Karnataka Wouldn’t the Mahatma like clean restrooms in our cities! Promise of a productive year States - Kerala Pioneering education model Enticing pest traps Nod to cow slaughter bill Competing for good: Tale of two states It indeed is attractive for investments TN can leverage NLC’s strengths... A year of Telangana State of the States Bringing magic of Rajasthan alive SIPB clears big proposals More government apps Bhubaneswar IIT cries for completion Global meets galore City of foaming lakes and fire Flurry of collaborations inked by AP Benevolent businessthan... An industrious idea All these happened in TN…
 
Fanciful Rao and tech-savvy Naidu
October’s south-west monsoon that flooded most of Telangana and parts of Andhra may have rid ‘water wars’ between the two Telugu states, at least temporarily.

With an overflowing Srisailam dam, the power position has also eased in Telangana. However, Hyderabad suburbs and adjoining districts are yet to overcome the infrastructural devastation caused by the torrential rains. Most lakes which abound the capital were full to the brim while some overflowed. Notably the city showpiece, Hussainsagar, through sheer neglect, is now no more than a vast lake of garbage, raising pollution levels. 

There are only three months left for the 2018-19 budget. When Telangana Assembly meets on 27 October, CM K  Chandrasekhar Rao would drumbeat his ‘novel’ welfare schemes and his plans to turn Hyderabad into a ‘world-class city.’ Also, by the end of November, a Global Entrepreneurs Summit (GES) themed “Women First” is to be inaugurated at Hyderabad by Prime Minister Modi.

As the host state, Rao is seeking to showcase Telangana’s ‘unique’  investor-friendliness and invite visiting entrepreneurs to set up more high-tech projects. He has requested the Prime Minister to launch the first phase of the L & T Metro Rail Project that would cover 34 km. 

 

Petrol cess for the Golden Garden 

Unmindful of the state of its finances, the Telangana government is going for an ambitious ‘Telangana Golden Garden’ programme that involves state-wide road building with ring roads and corridors.  A petrol cess is to be levied to make up for the budget inadequacies in the Rs.24,000 crore project that will add 16,261 km to the existing road network.

About technology, a major digital project is under implementation in Telangana. The project involves collaborations with MNCs like IBM, Microsoft, and Intel while also embracing startups. Efforts are also on to make at least one person in each household digitally literate. Warangal will be the satellite corridor for Hyderabad. The UAE-based Lulu Group has plans to build a large convention centre and a five-star hotel in Visakhapatnam with an outlay of 400 million dirhams.

 

Daunting resource crunch in AP

Resource challenges are more daunting for the AP Chief Minister Chandrababu Naidu for building his new capital, Amaravati. He intends to make the capital city a “golden destination for investors.”  Also, the World Bank is still reviewing pre-project works and resettlement aspects about dispossessed farmers before making financing commitments.

Denied the coveted ‘Special Status’ envisaged in the 2014 bifurcation law, Naidu is made to look up to the Modi Government to fund cost-overruns in multi-purpose projects. But the Centre itself has been facing economic woes, and fiscal constraints as GST has cut into revenue flows. With cost escalations and budget deficits, people justifiably fear new burdens on them. 

With his firm belief in technology, the Naidu government has introduced a ‘Designated Technology Park Policy’ that intends to alleviate office space crunch faced by IT companies. Naidu said this was part of several initiatives that are being carried out post-bifurcation and would encourage IT companies to set up entities in AP. The state aims to create 1 lakh IT jobs by 2019. Apart from Information Technology, the Chief Minister has also designed other policies about Innovation, Startup and Cyber Security. He has signed an MOU with Mastercard to create a ‘digital ecosystem’ in the state and provide for innovative payment systems that would act as a push towards achieving a ‘cashless society.’

The chief minister is also looking at smart transit solutions for more efficient public transportation. Other developments include an extension of Vizag port’s iron ore handling capacity that involves an investment of Rs.830 crore by Essar Ports. Naidu has designated Vizag as AP’s Financial Centre, while Amaravati would remain the state capital. 

Author :
Reported On :
Sector :
Shoulder :
RELATED NEWS
ABOUT IE
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
 
PRIVACY POLICY
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
TERMS AND CONDITIONS
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
 
CONTACT US
S-15, Industrial Estate,
Guindy,
Chennai - 600 032.
PHONE: +91 44 22501236
EMAIL: indecom1968@gmail.com