Says company diverted funds, VSoft says allegation could damage its efforts to raise funds
India's newest state, which is eyeing investments of Rs 1 lakh crore in Pharma City and Rs 50,000 crore in multi-product NIMZ, is now working on detailed project reports.
As soon as the House met for the day, members of the YSR Congress trooped into the Well holding placards and raising slogans.
It may begin the fund with around Rs 100 crore and expand it to around Rs 500 crore over the next five years.
Telangana chief minister K Chandrasekhar Rao has alleged regional imbalances in the judiciary and flaws in allotments and even threatened to go on protest in New Delhi if needed.
The AP State Reorganisation Act 2014 had stipulated Hyderabad as the common capital till 2024, enabling AP to run administration from offices in Hyderabad.
During the period under review, Telangana has reported Rs 7,687 crore of state own tax revenue as against Rs 6,031 crore a year ago, reflecting a growth of Rs 1,656 crore.
They want to appeal to the Centre to advise the lenders to stop sanctioning and releasing the funds to the government projects in Telangana.
The move follows a Supreme Court order that directed Telangana to share the assets of APSCHE with Andhra on the basis of population in the two states.
Just a week before the swearing-in, Naidu had met Modi with his key ministers and made a presentation on the drought scenario in the state.
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