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AP High Court Sensational Judgement On Polavaram

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AP High Court Sensational Judgement On Polavaram

AP High Court Sensational Judgement On Polavaram

AP High Court Sensational Judgement On Polavaram reverse tendering to go into the details, The Andhra Pradesh High Court had suspended the plea on AP Genco’s decision to cancel the agreement that was given to the Navayuga Company for constructing the Polavaram hydel power project during TDP government. The court issued interim orders asking the YSRCP government to stop its reverse tendering process of cancelling old agreements and inviting new tenders. This judgement was a big jolt to the YCP government.

The Navayuga Company knocked court door and filed petition saying that their agreement was cancelled by the present government was unfair without even clearing huge dues for past works. The central government and the Polavaram Project Authority (PPA) have objected to the re-tendering but the ruling state government went ahead saying that it has got approval from the PM Modi and Amit Shah. YS Jagan’s reverse tendering is facing severe criticism from the opposition parties.

TDP chief and former Cheif Minister Chandrababu Naidu said this is a tight slap on YSRCP government which is blindly taking decisions. Naidu said that with uneven decisions by YCP on Polavaram will lead to delay of the project and reverse tendering will double the budget of the construction.

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Former TDP MP Siva Prasad Passes Away

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Former TDP MP Siva Prasad Passes Away

Former TDP MP Siva Prasad Passes Away 

Another bad news for TDP and it’s supporters Chittoor Former TDP MP Siva Prasad passes away today at age 68. The senior leader is suffering from chronic kidney-related issues and treatment is going on since 10 days in Apollo hospital Chennai. Recently TDP Cheif Chandrababu Naidu went to Apollo and enquired about his health condition. Today at around 2 PM he breathed his last. He was elected as Member of parliament from Chittoor for two times i.e 2009 and 2014. He was a noted film actor and director in Telugu film industry.

Naramalli Siva Prasad is well known for his different getups before parliament for protesting against the bifurcation of Andhra Pradesh state and after bifurcation, he protested against BJP led NDA government to grant special status for AP.

 

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After Tax Cut From Nirmala Sensex Zoomed

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Tax Cut From Nirmala Sensex Zoomed

Tax Cut From Nirmala Sensex Zoomed

In a move to revive the slow economy rate, the BJP government at the center is taking the necessary steps. Central Finance Minister Nirmala Sitharaman, announced a cut in the corporate tax rate for companies. Later after tax cut from Nirmala Sensex zoomed high after 10 years.

Finance minister Nirmala Sitharaman’s fresh announcement was good news for the investors and the stock markets that already started gaining.

The biggest announcement is cutting down the income tax to domestic companies and the manufacturing sector. The new tax rate now stands at 25.17 percent for existing companies while for new companies the effective tax rate will be 17 percent.

Earlier the corporate tax was at 30 percent and considering surcharges and cess, it would go all the way up to 34 percent. For the new companies, the government fixed the tax at 25 percent and with miscellaneous, it would reach 29 percent.

With a difference of nearly 12 percent for the new companies especially in the manufacturing sector, they could benefit hugely. At the same time, the new companies should start their operations in the country by March 31st, 2023.

After Finance minister‘s announcement, National Stock Market zoomed today with the Sensex index reached 2,284.55 points in its biggest intraday gain in more than a decade.

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BJP Leader Swami Chinmayanand Arrested

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Swami Chinmayanand Arrested

Swami Chinmayanand Arrested

BJP Leader Swami Chinmayanand arrested, he was accused of rape by a law student in Uttar Pradesh, Swami was arrested after five days of the woman explained about the sexual assault and blackmail before the court. He was sent to jail for 14 days.

The police based their charges against Chinmayanand on videos handed over by the 23-year-old woman, who claims she secretly filmed him using a camera in her spectacles.

Before his arrest, Chinmayanand was taken in a senior police officer’s car to a hospital in Shahjahanpur. He had been hospitalized yesterday after he complained of “uneasiness and weakness”

He was a minister in former Atal Bihari Vajpayee’s government.

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