HYDERABAD: Donakonda in Prakasam district is the Sivaramakrishna committee’s choice for the new capital for Andhra Pradesh, highly-placed sources told TOI. The committee prefers multi-locational development of Andhra Pradesh, which means that governmental offices be set up in many cities and not in one city alone, the sources added. But since the Naidu government wants a capital akin to Singapore with concentration of government offices and also a hub for investment, the committee has zeroed on Donakonda where barren land is available. “For a huge city like Singapore a lot of land is required and Donakonda fits the bill,” sources told TOI.
For the record, members of the Sivaramakrishna committee are still touring the state but have already made up their mind. The report is likely to be submitted to the GOI in another ten days. Sources said the committee has identified an axis connecting Srikalahasti in Nellore to Nadikudi in Guntur as the main potential development belt in Andhra Pradesh. This axis will pass through Donakonda.
Vijayawada may not be ideal for capital-Sivaramakrishnan committee member Armour Revi
Land between Vijayawada and Guntur might not be ideal for the building the capital as there was a lot of agricultural land.Coastal area is prone to natural calamities and that angle has to eb studied thoroughly.
Going by their words, the committee appears to be not in favor of capital in bewtween Vijayawad and Guntur.
Loan waiver: Banks in the red
The ambitious farm loan waiver scheme announced by the Telangana and Andhra Pradesh governments has left banks in lurch, with loan recoveries hitting a new low. As farmers have virtually stopped repaying their loans since the announcement of the proposed scheme, the total outstanding has gone up to a whopping Rs 1.37 lakh crore, sources said.
Of the total outstanding Rs 1.37 lakh crore farm loans, Telangana accounts for Rs 49,564 crore. The scheduled banks are the worst-hit with the total outstanding reaching Rs 96,235 crore. The private banks are reeling under the outstanding burden of Rs 16,245 crore, while co-operative banks are gasping with an under-recovery of Rs 11,440 crore.
For dismay of banks, the under-recovery came this year while last year they recorded 95 percent recovery on the farm loans.
“It is a classic case of politics spoiling the system. The farmers were prompt on loan repayment till last year. Now they turned defaulters, pushing themselves into deeper distress even as the governments are not really coming to their help.