Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG

Andhra Pradesh faces debt burden of Rs 3.73 lakh crore: CAG

Amaravati: The Andhra Pradesh government’s gross debt burden has increased to Rs 3,73,140 crore by the end of November 2020. CAG’s latest accounts revealed that from April to November 2020 alone Rs 73,811.85 crore was borrowed from different sources as against the annual target of Rs 48,295.59 crore for the whole year. In the month … Read more

Supreme Court refuses to stay contempt proceedings against Andhra government

Supreme Court refuses to stay contempt proceedings against Andhra government

HYDERABAD: The Supreme Court has refused to stay contempt proceedings against the YS Jagan Mohan Reddy government in Andhra Pradesh for the state government’s failure to implement the high court order to reinstate state election commissioner Nimmagadda Ramesh Kumar. The bench comprising Chief Justice of India SA Bobde, Justices AS Bopanna and V Ramasubramanian turned … Read more