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Andhra Pradesh
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Hyderabad
Land allotment to YSR's son scrapped
Special Correspondent
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Land to be auctioned to encourage industries
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HYDERABAD:
Reversing its earlier decision, the State Cabinet has cancelled allotment of 487 acres of land in Kadapa district to M/s Raghuram Cements in which Chief Minister Y. S. Rajasekhara Reddy's son Y. S. Jaganmohan Reddy is a director.
At a meeting here on Wednesday, the Cabinet, however, resolved to auction the land to encourage industries in the drought-prone Kadapa district.
The notification for the open auction would be issued by the Collector shortly, quoting an upset price of Rs 15,000 an acre as against Rs 1 lakh, the price offered to Mr. Jaganmohan Reddy at the previous Cabinet meeting held on April 29.
Briefing reporters later, Information Minister Mohd Ali Shabbir said these decision followed a letter written by Mr. Jaganmohan Reddy rejecting the offer in view of the political controversy raked over it.
However, M/s Raghuram Cements would participate in the auction, quoting Rs. 1 lakh per acre and would not go beyond this rate even by a rupee under any circumstances.
SSA scam
Taking serious note of the funds scam in the Sarva Siksha Abhiyan, the Cabinet constituted a committee comprising Finance Minister K. Rosaiah, Revenue Minister D. Prasada Rao, Chief Secretary, Finance Secretary and director, Audit, to go into the issue of Government departments/agencies opening accounts in commercial banks.
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