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Cabinet approves Draft Bill of CRDA AP Capital

By:  Tupaki Desk   |   18 Dec 2014 6:10 AM GMT
Cabinet approves Draft Bill of CRDA AP Capital
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Andhra Pradesh Cabinet has given nod for the draft Capital Regional Development Authority (CRDA) Bill. It also approved transfer of assets and liabilities of Vijayawada-Guntur-Tenali-Mangalagiri Urban Development Authority to the CRDA. The CRDA Bill reaches Assembly on December 19th.

In a 4-hour meeting, AP Chief Minister Chandrababu Naidu discussed will his cabiet colleagues about the Debt Redemption Scheme and the strategy to be adopted in the Assembly during the Winter Session which began Today.

Rs. 1,000 crore and Rs. 250 crore has been allotted to CRDA as Development Fund and Working Capital respectively.

AP Cabinet also given its approval to make changes to the Forest Act to increasing the imprisonment (3 years to 10 years) and fine (Rs 10 lakhs) for red sanders smugglers.