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Business News/ Politics / News/  Andhra Pradesh announces 2,000 crore natural calamity fund
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Andhra Pradesh announces ₹2,000 crore natural calamity fund

Jagan Reddy govt to pay ₹7 lakh compensation to the families of the farmers who committed suicides due to crop failure and debt
  • All 175 MLAs to get ₹1 crore each to identify and take measures to solve the drinking water scarcity
  • Andhra Pradesh CM Y.S. Jagan Mohan Reddy.Premium
    Andhra Pradesh CM Y.S. Jagan Mohan Reddy.

    HYDERABAD : Andhra Pradesh chief minister Y.S. Jagan Mohan Reddy has announced a natural calamity fund of 2,000 crore to mitigate drought conditions and tackle drinking water scarcity in the state. The announcement was made on the first day of the 14-day budget session of the Legislative Assembly, which began on Thursday.

    Reddy and Telugu Desam Party (TDP) supremo and former AP chief minister Chandrababu Naidu also traded barbs, after the former accused Naidu of letting Telangana divert three thousand million cubic feet of water from the Godavari river through the Kaleswaram irrigation project.

    The chief minister said 1 crore each will be given to the 175 MLAs to identify and take measures to solve the drinking water scarcity.

    “We also had to pay Rs.7 lakh compensation to the families of the farmers who committed suicides due to crop failure and debt. The YSR Rythu Bharosa scheme (through which each farmer will be given 12,500 a year) will be implemented from 15 October and 3,000 crore as Market Stabilization Fund will be created to check the price fluctuations of agriculture produce," Reddy said.

    “We will face the situation and work for farmers’ welfare," Reddy said. The first day of the budget session also witnessed a lot of din when Naidu spoke, leading to heated discussions. Naidu’s TDP had won 23 out of the 175 seats in the Assembly election.

    Later in the day, Naidu, while addressing a press conference, said accused Reddy and YSRCP of “political terrorism".

    The TDP supremo claimed that YSRCP members “wanted us to keep quiet and listen to what they said. He is creating political terrorism. Everyday TDP workers are being attacked in the state."

    The YSRCP-led government on Wednesday released a white paper on the state’s financial situation, in which it accused the previous TDP government of “mis-governance, financial mismanagement, complete neglect of investment in human and physical capital." It claimed that the Naidu’s term as chief minister had “pushed the state into the dark ages that were never experienced in its history".


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    Published: 11 Jul 2019, 06:44 PM IST
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