'AP to make full use of water resources in capital region'.
Andhra Pradesh is making all efforts to make the best use of available water resources and make the State drought-free, CM N. Chandrababu Naidu.
He was speaking in Guntur district after laying the foundation stone for the Kondaveetivagu pumping scheme to prevent flood threat to 14,000 acres in the capital region. The project is estimated to cost Rs. 237 crore with 16 pumps.
At a public meeting on the occasion, the project would be completed in three months. Over 5,000 cusecs of water would be pumped into Krishna river during flash floods of Kondaveetivagu (a rivulet) and the balance floodwater would be diverted to Krishna western delta through left main canal to supply water to tail-end areas.
Start-up Tapp Me extends service to corporate.
Tapp Me, a Gurugram-based start-up offering its services in skilled labour arena to households in the city, has now extended its service to corporates, according to Snehanshu Gandhi, co-founder.
Provides a one-stop solution to people when they need small household repairs, repairs to appliances and ACs and other related requirements.
They often find it difficult to get skilled workers to carry out these small plumbing works and other works at reasonable rates. We address the problem. Our platform benefits both the house-holders and the skilled labour.
March 3An e-market place for 'arty' kids.
Children are quick to grasp things and can be as creative as elders. But their creative spirit often disappears if they grow up without encouragement and sustained appreciation.
The e-market place is open for children interested in arts and crafts across the world. They can also get their family, relatives and friends to 'like' and comment on their work. Friends and relatives will go for emotional buying to encourage the kids.
The children will be allowed to price their work. But the buyers can offer more to encourage the artists. The site allows the members to build points that can be monetised to buy things on the site.
The start-up will give away 50 per cent of sale proceeds to charities working for the welfare of children. While the child gets 30 per cent, the remaining 20 per cent will go to the start-up to meet operational costs.
March 4Fellowship for former CCMB chief.
Lalji Singh, former Director of the Centre for Cellular and Molecular Biology (CCMB), has been selected as an SERB Distinguished Fellow.
The fellowship is instituted by the Science and Engineering Research Board (SERB), a statutory body of the Centre.
The award supports research activities of scientists who are active after superannuation.
The fellowship carries an amount of Rs. 60,000 per month and a research grant of Rs. 5 lakh per year for a period of three years.
March 5Hyderabad varsity research projects bag Rs. 113 crore funding.
Strategic research projects at the University of Hyderabad (UoH) Centre-Archem will get a whopping Rs. 113 crore funding for the next five years. The project is supported by the Defence Ministry.
The University, among the top five in the country, will very soon become the first public-funded varsity to house a 500 MHz NMR (Nuclear Magnetic Resonance), as a joint facility between the The Advanced Centre for Research in High Energy Materials (Archem) and the School of Chemistry.
Established in 2005, Archem will drive at least 30 national projects, which are aimed at boosting indigenous efforts of critical defence technologies. Of these, 22 are in Chemistry and eight in Physics.
March 6Vizag port cargo handling up 8 per cent.
Visakhapatnam port has shown substantial improvement in cargo-handling during the current fiscal, at 8.1 per cent, over the corresponding period last year.
The port has so far handled 56.54 million tonnes during the current fiscal as against 52.7 million tonnes, a growth of 8.1 per cent.
Port officials are confident of reaching, and even surpassing the target of 61 million tonnes set by the ministry.
Among the major ports, Kandla is the front-runner with 90 million tonnes so far followed by Paradip (74 million tonnes). According to estimates, Visakhapatnam port might get fourth rank ahead of JNPT by the end of the financial year.
March 7Fintech Startup Challenge in Vizag.
The stage is set for Fintech Startup Challenge-2017 and it is estimated by authorities that 150 companies from within the country and abroad may participate in the event.
The state government has collaborated with banking and financial institutions such as ICICI Bank, ICICI Lombard, HDFC Life, Bharti AXA Life and Angel Broking to launch the AP Fintech Valley Startup Challenge-2017.
J.A. Chowdary, IT adviser to the CM the challenge is being conducted to power Visakapatnam as a national and global hub for fintech. We want start-ups, entrepreneurs, innovators and developers around the globe to view Vizag as the hot destination for fintech.
T-Hub, Anthill launch Smart Women Angels Network.
T-Hub and Anthill, a platform for early-growth stage start-ups, have announced the launch of an international start-up initiative, the Smart Women Angels Network or SWAN.
The initiative is aimed at supporting the entrepreneurial spirit in women, create awareness about investing and facilitate investments.
Prasad Vanga, founder and CEO of Anthill, Along with our partnership with T-Hub, we hope to transform the Indian startupecosystem, by creating valuable partnerships both nationally and internationally that will help start-ups scale.
T-Hub is one of the largest starts up ecosystem builders with over 2,000 start-ups in its database clustered into various stages of growth.
Telangana no more a power deficit state.
Telangana has transformed itself from a power deficit state about 30 months ago to a situation where it is in a position to ensure 24×7 (power cut less) supply to consumers.
When the new State came into being in June 2014, about two-and-a-half years ago, it started with a huge deficit of over 2,000 to 2,500 MW.
However, the commissioning of a couple of Genco projects and 1,200 MW thermal power plant of Singareni Collieries Company Limited in Adilabad and solar power projects, have all played a role in ensuring the demand supply gap has been significantly bridged.
In addition, the State has made arrangements for purchase of over 500 MW during the peak summer months and would augment another 1,000 MW from Chhattisgarh with the commissioning of a dedicated transmission line from Wardha to Dichpally.
Hyderabad Metro segment to be operational by June.
The Hyderabad Metro Rail Ltd, which is now developing a 72-km-long elevated metro rail network across three dense city corridors.
Expects to commission a segment of 11 km by the middle of this year, and another stretch of about 18 km later during the year.
Of the three corridors under construction, the concessionaire L&T is expected to complete two corridors before the end of this year and the entire project by June 2018, according to NVS Reddy, Managing Director of HMRL.
March 8Telangana allots land for women's industrial park.
Telangana IT and Industries Minister K.T. Rama Rao, unveiled FICCI Ladies Organisation (FLO) Women Green Industrial Park, which will be the first such women entrepreneur park in the country.
At a function on World Women's Day, K.T. Rama Rao handed over Sanction Proceedings of allotment of land for FLO Women Green Industrial Park to its Chairperson Padma Rajgopal.
TSIIC allocated FLO 50 acres of land at Sultanpur, Patancheru, on the city outskirts. The land has been allotted at Rs. 45 lakh per acre.
March 9AP inks pact with Singapore firm for fintech centre in Vizag.
The Andhra Pradesh government and Singapore-based Fintech major Lattice 80, have signed a memorandum of understanding for establishment of a fintech incubation centre here. The MoU was signed at the two-day Fintech Startup Challenge.
J.A. Chowdary, special adviser to the AP Chief Minister on IT, The Andhra Pradesh government is not merely trying to create the right ecosystem for promoting fintech in the State, but to develop a whole fintech culture.
It wants to conduct a series of events to promote fintech in the city and the state. Lattice 80 will help the government in the endeavour.
150 startups, several of them from abroad, were participating in the Fintech Startup Challenge. A 20-member Singapore team and two teams from Switzerland and Japan are participating in the event.
March 13Telangana Government presents tax free budget.
Telangana finance minister Etela rajendra presented tax-free budget development-cum-welfare-oriented Rs. 1, 49,446-crore Budget for 2017-18.
The budgetary allocation for several sectors is higher over the 2016-17 Budget of Rs. 1,30,415 crore.
Presenting his fourth Budget, the Finance Minister stated the State is projected to achieve a Gross State Domestic Product (GSDP) growth of over 10.1 per cent during the current fiscal.
Seeking to balance welfare with development initiatives, he announced allocation of Rs. 5,943 crore for the agriculture sector and Rs. 4,000 crore towards fourth instalment of loan waiver scheme for the farm sector.
Sectorally, the irrigation sector has been allocated Rs. 25,000 crore, panchayati raj Rs. 14,723 crore, roads Rs. 5033 crore, power sector Rs. 4,203 crore, health Rs. 5,976 crore, municipal administration Rs. 5,599 crore, Mission Bhagiratha Rs. 3,000 crore, IT Rs. 253 crore, industries Rs. 985 crore and education Rs. 12,705 crore.
March 15Andhra Pradesh Presents Around 1.57 Lakh crore Budget for 2017-18.
Andhra Pradesh presented nearly Rs. 1.57 lakh crore for budget 2017-18 an increase of 15.71 per cent in the outlay over previous year.
Presenting the maiden budget in the new state capital Finance Minister Y. Ramakrishnudu proposed total expenditure at 1.57 lakh crore comprising revenue expenditure of Rs. 1.26 lakh crore and capital expenditure of Rs. 31,087 crore.
The estimated revenue deficit is around Rs. 416 crore and the fiscal deficit is estimated at around Rs. 23,054 crore.
The government has allocated Rs. 1,061 crore for the development of the new state capital.