Kishan Reddy demands White Paper on SCCL functioning
The Hindu
BJP leader and Secunderabad MP G. Kishan Reddy has accused the State government led by Chief Minister K. Chandrasekhar Rao of pushing SCCL into deep debt of about ₹25,000 crore.
Union Minister for Tourism, Culture and Development of Northeast Region G. Kishan Reddy has demanded a white paper to be published by the BRS government on the functioning of the SCCL – Singareni Collieries Company Limited, allotment of coal mines, finances and reasons for bidding for Visakhapatnam Steel Plant, on Wednesday.
The BJP leader and Secunderabad MP has accused the State government led by Chief Minister K. Chandrasekhar Rao of pushing SCCL into deep debt of about ₹25,000 crore. While the turnover had increased to ₹32,840 crore from about ₹12,000 in 2014, profit has been just about ₹1,200 crore now, he claimed.
“KCR’s administration got the profit-making company with a bank balance of ₹3,500 crore to a stage where the company has to take loans to pay salaries to its employees. There is total administration collapse, outsourcing of many works and BRS leaders are getting involved in every sphere of activity,” he charged.
At a press conference in New Delhi, Mr. Reddy said there were dues to the tune of ₹4,000 from firms which had purchased coal, ₹2,600 crore from TSGenco, ₹18,000 crore from TSTransco and overall ₹25,000 crore from the State government alone including interest payment.
From about 62,000 permanent employees in 2014, the number has fallen to 43,000 whereas the contract staff had increased to 30,000 from 14,000 contract staff with tremendous pressure being put on them for higher production, he charged.
The Minister alleged that the company has become a pocket borough for the BRS leaders interfering in every activity and usurping crores of funds in the name of CSR. It has reached such a stage that the SCCL was in danger of collapsing.
Coal India Limited (CIL), which is 10 times bigger than SCCL has taken loans of ₹12,000 crore whereas the latter’s was about ₹10,000 crore, he said and observed that because of the “financial and administration mismanagement”, the government has been trying to shift the blame onto the Centre about supposed privatisation moves when the fact was it has been privatising many activities, he added.
Court orders framing of charges against 25 accused in Delhi riot case, including murder, arson, and dacoity.
Prithviraj Chavan reflects on Congress' shocking defeat in Maharashtra assembly polls, discusses results with party leadership in Delhi.
Delhi's air quality crisis blamed on farm fires, NASA satellites track stubble burning, CAQM under scrutiny.
Director Jon Watts walks away from planned Wolfs sequel due to Apple's unexpected shift to streaming, despite initial greenlight.
Maharashtra government formation LIVE: Mahayuti is slated to form the government within the next three days, with winning MLAs being asked to gather in Mumbai immediately. Follow The Hindu’s live updates
After a long, tiring day all we want is to jump right on our cosy beds and rest comfortably on our soft, fluffy pillows, right? Pillows are not quite appreciated as much as electric cars or air-fryers, for instance. Pillows are a wonderful man-made creation that has improved the lives and sleep of people across the globe. Did you know ages ago people used to rest their heads on a HARD ROCK? So how did humans go from sleeping on stones to cosy, fluffy and soft pillows today? Let’s get into the origin of your everyday pillows!
Yashaswi Jaiswal shines with century as India takes strong lead against Australia in Border-Gavaskar trophy.
After contentious climate finance pact, developing nations criticize $300 billion pledge as inadequate in global climate deal.
Ph.D. students in Indian universities express angst over exploitation by guides, leading to a call for reform.
As the November 30 deadline nears for installing vehicle location tracking devices (VLTD) and emergency panic buttons in public service and nationally permitted goods vehicles in Karnataka, transport unions representing cab, bus, and truck operators are urging the government to reconsider the mandate. They argue that the high cost of these devices and a lack of awareness have made it difficult for many vehicle owners to comply with the requirement.
Congress byelection victory boosts government image, strengthens Chief Minister Siddaramaiah against corruption charges, ensures commitment to guarantees.