Follow us on: RNI No. APENG/2018/764698 @TheDailyPioneer facebook.com/dailypioneer Established 1864 Published From ANALYSIS 7 CELEB TALKS 10 SPORTS 12 VIJAYAWADA DELHI LUCKNOW BHOPAL THE OVERLEVERAGE WITH KHAYYAM, HEALTH RIVALRY AUGURS WELL RAIPUR CHANDIGARH BHUBANESWAR FIX MUSIC LOST A NOTE TEAM’S PACE ATTACK: UMESH RANCHI DEHRADUN HYDERABAD *Late City Vol. 1 Issue 296 VIJAYAWADA, WEDNESDAY AUGUST 21, 2019; PAGES 12 `3 *Air Surcharge Extra if Applicable BIG B IS THE ONE AND ONLY MEGASTAR: CHIRU { Page 11 } www.dailypioneer.com CHANDRAYAAN 2 Where has all the money gone? Successfully Is AP govt contemplating an L VENKAT RAM REDDY enters orbit n HYDERABAD of Moon A severe 'cash crunch' is being alternative to ‘Amaravati'? felt across all sectors in the BENGALURU: In a major country. Even state govern- milestone for India's Moon PNS n VIJAYAWADA l Botsa Satyanarayana's comments ments in the Telugu States are mission, the Chandrayaan-2 that Amaravati construction would be feeling the squeeze, with pend- spacecraft successfully entered Minister for Municipal a costly affair raise eyebrows ing bills of Telangana state gov- the lunar orbit on Tuesday. Administration Botsa ernment touching Rs 30,000 Lunar Orbit Insertion (LOI) Satyanarayana's observations l Keeping the observations of crore while that of Andhra maneuver was completed suc- on Amaravati have raised many experts in view, the State government Pradesh are pegged at Rs 22,000 cessfully at 0902 hours as an eyebrow as he has stated that is contemplating spending less on the crore. Both the state govern- planned, using the onboard construction cost of the capital capital city Amaravati and also ments have stopped all pay- propulsion system, the city is too high and internal dis- finding out the ways and means for ments, except salaries/pensions Bengaluru headquartered cussions are going on in the gov- an alternative to it as most of the for their staff. The tight finan- space agency said in a state- ernment over the capital. areas of Amaravati are inundated in cial condition has raised a trou- ment. "The duration of "Flyovers and huge structures the recent floods, said a bureaucrat bling question: "Where has all maneuver was 1,738 seconds. have to be built in Amaravati, the money gone?" Private hos- l other hand are blaming the With this, Chandrayaan-2 was while the construction cost in pitals in Telangana have Severe 'cash crunch' felt in Centre's FRBM Act of 2003 for successfully inserted into a other areas of the State is low", stopped Arogyasri services after all sectors the cash crunch, arguing that Lunar orbit," ISRO said. Satyanarayana said. mer CM's observations by say- the government failed to clear l TS govt's pending bills they could not mobilise funds Following this, a series of It may be noted that the ing that Amaravati construction arrears amounting to over Rs touch Rs 30,000 crore, AP's at despite having repayment orbit maneuvers will be per- budget allocation for the Capital INTENT IS CLEAR WITH would be a costly affair. 1,000 crore. The government Rs 22,000 crore capacity due to stringent norms formed on Chandrayaan-2 City of Amaravati is just Rs 500 It may be recalled that former could not solve the problem prescribed under the Act. Even spacecraft to enable it to enter crore. Stating that Amaravati is RS 500-CR ALLOCATION bureaucrat EAS Sarma had said even four days after the hospi- l States blames FRBM Act the Centre has to adhere to its final orbit passing over the a flood-prone area, the minister one year ago "The State budget tals stopped services, due to for cash crunch FRBM Act, forcing it to not raise lunar poles at a distance of said the State government would ith an allocation of Rs 500 crore for Amaravati construction in figures show that as a result of paucity of funds. l Centre blames RBI's high funds above the prescribed about 100 km from the Moons assess the damage caused by Wthe State Budget, the YSRCP government had dropped enough the diversion of revenue for The private sector is also feel- limit. The severe cash crunch is hints on its priorities. With this, the government has reiterated its reserves of Rs 9.60 lakh crore surface, it said. floods and decide on the extent non-productive purposes and ing the pinch of 'cash crunch'. lying idle fuelling calls for scrapping the of compensation. He hit out at stand on the 'reverse tendering', which is to be taken up in a phased shrinkage in the space for cap- Private companies are default- FRBM Act or easing borrowing the 'yellow' media for putting manner in all capital works. It may be recalled that Capital Amaravati ital investments, the State is ing on payments, citing 'no l Demand for restoring norms under the Act. India INX MEDIA CASE out distorted news and pointing was the top priority during the TDP government's regime. unable to devote enough cash'. The real estate sector is power of Centre to print adopted the Fiscal fingers at the YSRCP govern- Former Professor of Economics Dr LSN Prasad said he was amazed resources for lifeline sectors reeling under cash crunch with money at will floated to Responsibility and Budget ment's prompt steps, which at a single line mention of the allocation of funds for construction of such as agriculture and crucial poor sales of apartments/inde- resolve cash crunch Management (FRBM) Act in Chidambaram minimised the damage to prop- Capital City Amaravati. "The allocation to social welfare and education sectors like social welfare. While pendent houses as unsold units 2003 that capped borrowings by erty and prevented human loss. was more than expected," he said and added that allotting only Rs the State's finances are deterio- have touched a high of nearly the Centre and states by linking went missing Chief Minister YS Jaganmohan 500 crore for the capital construction was something that needs to rating, there seems to be no con- 8 lakh units by June-end in nine try in the world maintains such it to tough fiscal deficit criteria. Reddy had constantly enquired be discussed at length. Allocation of Rs 92,050 crore for scious effort on the part of the major cities in the country, large reserves. Some economists have argued about the flood situation in the development activities was laudable, he said and added that making government to observe econo- including Hyderabad. As per official estimates, the that FRBM Act has robbed the after HC State from the US and issued budgetary allocation towards financial aid for barbers, tailors and my and austerity. Meetings are The state governments are RBI currently has Rs 9.60 lakh government of the right to appropriate directions. auto drivers is a new concept. Prasad further stated that the revenue held not in modest state guest blaming the Centre for the crore of reserves with it, lying print money at will, unlike rejects bail Exactly a year ago, the then deficit is only Rs 1,700 crore and the total deficit is Rs 32,500 crore. houses, but in five star hotels. cash-scarcity situation, while idle. The Centre argues that if before 2003. They point out that NEW DELHI: The Delhi High Chief Minister N Chandrababu Special aircraft are routinely the Centre is pointing fingers at RBI releases a certain portion the Bank of Japan has been Court on Tuesday rejected the Naidu had directed the CRDA Naidu had suggested to suggestions for making used for travel, unmindful of the the Reserve Bank of India for of the reserves, it can ease the printing $70 billion of cash anticipatory bail plea of former officials to expedite capital con- CRDA officials to elicit the Amaravati the happiest place. fact that even the US ministers maintaining high levels of cash cash crunch situation in the every month. Finance Minister P. struction to win the confidence opinion of the common man However, Satyanarayana's are reluctant to charter special reserves with it which is lying country. Chidambaram in the INX of the people. apart from global experts to seek comments contradict the for- aircraft, fearing public uproar." idle, contending that no coun- The state governments on the Continued on Page 3 Media case. However, Chidambaram moved the Supreme Court against the Delhi High Court order reject- HC reserves ing his anticipatory bail plea in Check your beer before drinking the INX Media case.According judgment on to top agency sources, Chidambaram is untraceable. Navayuga plea l Adulteration of beer, other liquor rampant on outskirts He has switched off his phones. Agencies are on the lookout for VIJAYAWADA: Andhra PNS n HYDERABAD excise officials seized on him. Pradesh High Court has Monday at Abudllah Nagar is On January 25, the Delhi reserved its judgment on a The seal of the bottle may be just the tip of the iceberg and HC had reserved its order on petition filed by Navayuga intact, but the content may reflective of the pernicious Chidambaram's bail plea in the Company seeking cancella- not be the intended brand of practice. Hazardous chemi- case being probed by the ED tion of a fresh tender notifi- beer or other liquor, but spu- cals are sometimes used to and the CBI. On March 11, the cation issued by the State rious liquor adulterated with adulterate liquor. HC allowed CBI to file addi- gvernment for hydel project harmful ingredients. The Often water mixed with tional documents on record to construction in Polavaram whole thing is packaged so sugar, chemicals, soap nut support its case against project.