State-run Andhra Pradesh Power Finance Corporation has defaulted in debt servicing on bonds worth Rs 3,100 crore. Sister states AP and Telengana are at loggerheads over who should paying bond holders.
Tag: AP
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AP mulls cell for project clearance
AP Chief Minister N Chandrababu Naidu has said that his government was considering a -´Japan-Plus Cell´ that will clear proposals of Japanese firms online.
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AP plans policy on regional airports
The Andhra Pradesh government plans to unveil a policy for development of regional green field airports in the state by June, according to the Minister for Infrastructure, Ganta Srinivasa Rao.The policy would deal with single-window clearance, connectivity both rail and road, incentives for development and issues relating to land allocation for the new projects.