Latest News

Telangana High Court nod to help AgriGold victims | Published: 9th February 2019 | Posted Date: Saturday 9th February 2019 02:16 AM

Hyderabad: The Telangana High Court, which is hearing cases related to the scam-ridden AgriGold, approved an AP government proposal to disburse Rs 250 crore to nearly 8 lakh depositors from the state who have invested Rs 10,000 or less in the company.

A division bench comprising Justice V. Ramasubramanian and Justice P. Keshava Rao laid down the procedure for disbursal of the amount through the District Legal Services Authority by March 27.

The bench was passing an order while hearing a public interest litigation petition filed by the Telangana Agrigold Depositors and Agents Welfare Association, seeking a CBI probe into the scam and steps to provide relief to over 32 lakh depositors nationwide.

AP Advocate General Dammalapati Srinivas placed before the court, a copy of GO MS No. 31 issued by the AP Government whereby an amount of Rs 250 crore had been sanctioned to pay those who had deposited Rs 10,000 and less with Agrigold. This would be deducted from any further money given to the depositors. He said there were 7,90,199 depositors in AP who had invested Rs 10,000 as identified by the CID and their claims cross-verified.

The bench directed all depositors from AP who have invested Rs 10,000 to submit claims, along with their fixed deposit receipts, with their respective District Legal Services Authority before March 11. The DLSA must process the claims and pass brief orders by March 20.




K Chandrashekhar Rao asks Collectors to prepare plan for forests revival in state

Rao also said the government is preparing a new Revenue Act.

Amazon opens largest office

The new building, located on a 9.5 acre campus, would be the first to be owned by Amazon outside the US.

Parcel to KCR had industrial waste: Official

The parcels also contained a three-page letter.

Hyderabad: Insurance firm to pay Rs 3 lakh fine

The insurance company had avoided processing the claim though the complainant had submitted the required documents, the Forum said.

No chutti till lost time made up: NIT Srinagar

Vacations, Saturdays and Sundays will be used to compensate: Officials.

Hyderabad: Boundary wall of school collapses

The school building is over 80-years-old and the locals apprehend that the weakened wall may pull down the entire structure if it rains heavily.

Badshahi beam collapses after rain

The Badshahi Ashoorkhana sees a lot of footfalls during Muharram beginning September 1 and the pending repair works is a matter of concern.

New US envoy takes charge

Before joining the US state department, consul general Reifman served as an assistant staff judge advocate in the US air force.

HMRL won’t increase coaches

Coaches currently run 70 trips a day; frequency to increase even further.

Telangana spent Rs 1.6 crore for 10 mementos

The state government has issued GO Rt No 2175 dated August 20, 2019 sanctioning the release of Rs 83.43 lakh advance payment.

Fate of Amaravati isn’t in Centre’s purview: G Kishan Reddy

Satyanarayana had also said that there was a need to debate on the Sivaramakrishnan committee report again.

India needs to reduce ecommerce restrictions to revive economy: Amazon executive

India’s revised ecommerce regulations, along with its push to compel multinationals to store data locally.

comments powered by Disqus