AP Govt, Ready To Issue, Telangana Separate State, Telangana Crisis, Andhra Pradesh

 AP govt ready to hand over Telangana:

 

The Andhra Pradesh government appears to be testing the waters on the Telangana issue. 

As students from the Telangana region went on a mass indefinite hunger strike from Monday onwards, the government has made its decision on the issue and is trying to buy more time before it could make an announcement.

Sources now confirm that the decision to hand over a separate Telangana has already been made by the government in consultation with the Union government. 

Earlier, it was being said that they would keep Hyderabad as a common capital for five years. But now they have decided to maintain that position for ten years.

There is an ongoing consultation process with leaders from all parts of Andhra Pradesh on the issue. 

While leaders from Andhra and Rayalseema appear to have agreed to this position, the leaders from Telangana continue to remain adamant about sharing a capital. 

The government says that it has no choice, as any change in this position would be very unfair on the cosmopolitan population of Hyderabad.

But Telangana leaders say that this is being done only to facilitate the investors who fear that they may lose out if Hyderabad becomes an exclusive capital of Telangana.

Source:http://www.rediff.com/news/slide-show/slide-show-1-andhra-govt-ready-to-hand-over-telangana-sources/20110711.htm

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SKS Microfinance, To Get Back, Rs 1250 Crore, Microfinance Bill 2011, Andhra Pradesh, Microfinance in AP

About Rs1,250-crore portfolio of SKS has been in Andhra Pradesh and this is estimated to be about 25% of the company’s total portfolio. With the Andhra Pradesh government enacting an Act to regulate the microfinance sector, the company’s portfolio had become sticky in the state. This has become a major drag on the company’s operations.

“The Bill is a welcome move. All that we had lent in AP is more or less in the form of working capital. Unless we lend more, we will not be able to recover the funds that were already lent,” Dilli Raj, SKS’s chief financial officer, toldDNA.

According to him, the company was not able to recover the loans in AP since it was not disbursing fresh loans. “According to the state government regulations, we need to take prior approvals for every loan application before disbursing the loan. We had filed about 75,000 applications with the authorities in AP alone for approvals. 

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