Andhra Pradesh government constitutes task force to identify economic growth avenues
In the G.O. 92 issued on Monday (June 9, 2025), Industries Secretary N. Yuvaraj said the government has constituted a Task Force on Economic Development for Swarna Andhra Pradesh@ 2047.
Chief Minister N. Chandrababu Naidu has been appointed Chairman of the task force, while Tata Sons Executive Chairman N. Chandrasekaran will be the Co-Chairman. The task force members include CII Director General Chandrajit Banerjee and Apollo Hospitals Vice-Chairperson Preetha Reddy, Suchitra Ella, Prof. Raj Reddy, Satish Reddy, GMR Group Chairman G.M. Rao, Chief Secretary K. Vijayanand, L&T Chairman Subrahmanyan, and TVS Motor Company Chairman Venu Srinivasan.
The G.O. said that the primary purpose of the task force is to prepare a blueprint for the economic growth and development of Andhra Pradesh. It will hold meetings and interactions with senior industry leaders, government functionaries and subject experts of various sectors. It will deliberate and consolidate their inputs and arrive at the framework of the report accordingly.
The task force will identify economic growth avenues for Andhra Pradesh, infrastructure gaps, assess capital requirements, and evaluate the existing policy framework. It will suggest policy and regulatory reforms needed, including the key policies, to transform the State into Swarna Andhra Pradesh by 2047.
The task force will make an econometric projection of the GSDP by 2030 and 2047. It will also prepare a comprehensive report at the earliest. The CII will facilitate engagement with the subject experts.
The Secretary, Industry and Commerce Department and CEO, APEDB are the nodal Points of Contact (PoC) for facilitating the meetings of the task force and interactions of the CII and task force Members with the respective Secretaries.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
3 hours ago
- The Hindu
Polavaram irrigation project will be commissioned in 2027, says A.P. CM Naidu
Andhra Pradesh Chief Minister N. Chandrababu Naidu has announced that the Polavaram irrigation project on the Godavari will be commissioned in 2027. Mr. Naidu distributed social welfare pensions to the beneficiaries as part of 'Pedala Sevalo' (service to poor) programme at Molakapalli village near Kovvur in East Godavari district on Tuesday (July 1, 2025) . Addressing the gathering after interacting with some beneficiaries, Mr. Naidu said, 'Six per cent of the construction work has been completed at Polavaram project site within a year, resulting in completion of 82% of the total construction work.' Mr. Naidu said that barely 4% of the work was completed during the YSRCP's tenure. 'The ongoing construction work of the diaphragm wall will be completed by the end of 2025. The global experts are monitoring the work,' the Chief Minister said. Referring to the achievement during the one-year NDA rule in the State, Mr. Naidu said that the government had attracted investment worth ₹9.5 lakh crore, with the potential to create 8.5 lakh jobs. Works worth of ₹5 lakh crore investment is in progress. On the upliftment of the poor families through the Public Private People Partnership (P-4) model, Mr. Naidu said a target has been set to ensure adoption of 10 lakh poor families by August 15. 'The Tata, Birla and Adani groups have pledged to adopt some poor families. I have decided to run after those who could afford to adopt some poor families to achieve the target,' Mr. Naidu said. In Andhra Pradesh, nearly one lakh poor families have been adopted by various individuals and groups. On delivering the Super Six promises, Mr. Naidu clarified that the free bus service for women would be implemented from August 15.
Mint
11 hours ago
- Mint
Saraswat Bank proposes to acquire fraud-hit New India Cooperative Bank, approaches RBI: Should NICB depositors worry?
Saraswat Bank, India's largest urban cooperative bank, has announced on Tuesday that it plans to merge the crisis-hit New India Cooperative Bank (NICB) with itself. Saraswat Bank's chairman Gautam Thakur has assured that there will not be any haircut for any of the over 1.22 lakh depositors of fraud-hit NICB, and all the savings will be protected, PTI reported. Depositor protection and access to funds Currently, the NICB depositors face withdrawal limits of ₹25,000 per account due to the crisis. Once the merger is finalised, depositors will be able to access the full amount, Thakur said, adding that he expects the merger to complete by end-September. Thakur also said the bank has no immediate plans to convert into a commercial lender, and is keen to continue working as a cooperative bank. However, he indicated that the bank might consider becoming a universal bank whenever the statutes permit, he said. Merger timeline and process "We have voluntarily approached the RBI for the merger of Saraswat with NICB," Thakur said. Saraswat Bank has merged seven crisis-hit banks with itself in the past and showed confidence that the merger with NICB will also go through. Also Read | Credit score can affect your job prospects: SBI case highlights key lessons After the shareholder nod, both banks will go to the RBI for clearance, and the central bank will announce an effective date for the merger. In this process, the shareholders of NICB will be given shares in Saraswat Bank in a predetermined ratio. NICB's financial status and turnaround strategy NICB has been under an RBI-appointed administrator since February due to an alleged ₹122 crore embezzlement of funds by top management. As of March 2025, the bank held over ₹1,100 crore in assets, Thakur told PTI. Stressing that not every loan made by NICB is an NPA, Thakur is confident that Saraswat, with an asset size exceeding ₹36,000 crore, will absorb the impact of the merger. Also Read | Asian Banks Fuel More Than $2 Billion Loan Boom in Middle East Thakur estimated that it will take around 18-24 months to turn around NICB. What will happen to NICB employees? According to Thakur, the bank will absorb as many of the 200 remaining NICB employees after evaluating them. However, any employees associated with the fraud will not be retained. NICB has 27 branches, including 17 in Mumbai, whereas Saraswat Bank has 120 branches in the city, including 30 which have come from banks merged in the past, the news agency reported.
Time of India
12 hours ago
- Time of India
'Conflict of interest' in CEC may compromise FCAA cases: Retired bureaucrats write to CJI
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel A group of 60 former civil servants has written to the Chief Justice of India, claiming that a "conflict of interest" in the Supreme Court-appointed Central Empowered Committee (CEC) could compromise the outcome of cases challenging the Forest Conservation Amendment Act, their open letter dated June 30, the signatories, including former secretaries, ambassadors, police chiefs and forest officers, said the four-member CEC currently includes three former Indian Forest Service officers and a retired scientist who also worked with the environment ministry for many years. There are no independent experts on the letter said two CEC members recently retired as Director General of Forests and Special Secretary in the environment ministry."A CEC comprising officers who had held the highest positions in the Ministry of Environment, Forest and Climate Change, and were closely involved in policy-making, can hardly be expected to give independent advice to the Supreme Court , advice that is different from what they gave while they were in the government," the letter retired civil servants, part of the Constitutional Conduct Group, said the CEC, formed in 2002, had a balanced composition until earlier CEC included not only government experts but also two independent members -- a wildlife specialist and a Supreme Court advocate -- who had neither held senior government positions nor been involved in forest policy decisions, "thus ensuring impartiality and preventing conflict of interest", they 2023, a group of individuals challenged the Forest Conservation Amendment Act (FCAA) in the Supreme Court, saying that it would hasten forest decline. In this matter, the court has issued four orders, including one upholding the definition of forests as per the Godavarman order of 1996. The case is pending final retired officials pointed out that a current CEC member, while serving in the environment ministry, had "prepared and defended" the Forest Conservation Amendment Bill before the Joint Parliamentary Committee. The Act, its rules and guidelines were all notified during that said several memos allowing use of degraded, notified and revenue forests for compensatory afforestation, which goes against the 1996 Godavarman judgment, were also issued during the tenure of some present CEC signatories feared that the outcome of the cases against the FCAA 2023, "may possibly be compromised considering the conflict of interest of the CEC", as the Supreme Court might rely on the CEC's advice before making its final advice or report given by the current CEC, given its composition, in cases that challenge the FCAA 2023, "will in all probability be biased in favour of the Act as passed and will thus represent a clear conflict of interest", the letter retired officials said this concern is already reflected in the recent Supreme Court order on Maharashtra's 'zudpi' forests (scrub forests).The court's order dated May 22, 2025, relied heavily on the CEC's advice, which recommended the untrammelled use of these forests for "compensatory afforestation", considering them ecologically inferior as they cannot support dense forest former bureaucrats urged the court to ensure that the CEC includes not just retired government officials but also independent experts from outside, saying there are many such experts in the requested the chief justice not to allow the current CEC to advise the court in the FCAA 2023 cases or other important matters related to forests, wildlife and ecological signatories to the letter included Prakriti Srivastava, former principal chief conservator of forests, Kerala, Navrekha Sharma, former ambassador to Indonesia, N C Saxena, former secretary of the erstwhile Planning Commission, and K Sujatha Rao, former health secretary.
