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Nrules
Junior Artist
Username: Nrules

Post Number: 147
Registered: 10-2012
Posted From: 79.170.53.110

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Posted on Monday, March 18, 2013 - 01:07 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Four years on, there's no sign yet of the steel plant. Mr Reddy, however, managed to raise Rs. 350 crore by using the land that he had procured for just Rs. 18 crore from the YSR government. He also reportedly exported 54 lakh tonnes of iron ore that was meant to be used by the steel plant.
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Nrules
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Username: Nrules

Post Number: 146
Registered: 10-2012
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Posted on Monday, March 18, 2013 - 01:05 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

More skeletons continue to tumble out of the Reddy closet. It has now emerged that Gali Janardhana Reddy, the jailed former Karnataka minister and one among the trio of the powerful Reddy brothers from Bellary, made crores out of a fictitious steel plant aided by former Andhra Pradesh chief minister Y S Rajasekhara Reddy. Even though the plant never came up, Mr Reddy was allowed to export all the iron ore that he was exclusively permitted to in the name of the project.

Mr Reddy was allotted 10,760 acres of government land by the YSR government in 2007 for the setting up of a Rs. 20,000-crore captive steel plant. Named Brahmani Steels, the plant at Jammalamadugu in Andhra Pradesh's Kadapa district was inaugurated with much fanfare with YSR arriving in a chopper. Also in attendance were the chief minister's son Jagan Mohan Reddy and several of his cabinet colleagues. But the largesse by the YSR government didn't end there. It also gave another 4000 acres of land to Mr Reddy for developing an airport with the promise of generating 10,000 direct jobs and other one lakh indirect jobs via the two projects.

"We will also make a big airport here. Like Hyderabad, Chennai and Bangalore, aircraft will come and land right here", Mr Reddy had proclaimed.
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Gandhiguevara
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Username: Gandhiguevara

Post Number: 37910
Registered: 10-2009
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Posted on Monday, March 18, 2013 - 01:03 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

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Nrules
Junior Artist
Username: Nrules

Post Number: 145
Registered: 10-2012
Posted From: 79.170.53.110

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Posted on Monday, March 18, 2013 - 01:03 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

The CAG observed that as per the existing policy of the Indian government, setting up of a commercial airport under private management is not allowed.
The authorities also did not ensure the suitability of the site for setting up of an airfield.
Moreover, the government had allotted the land after resuming the same from Schedule Tribe cultivators to whom it was originally assigned, even as an appeal by an individual claiming ownership of the land was pending before the Kadapa district judge.
The CAG said although the land required for the proposed airport was only around 2,500 acres, the YSR government magnanimously allotted 3,115.64 acres to Brahmani.


Read more: http://www.dailymail.co.uk/indiahome/indianews/article-21223 83/Flying-returns-Bellary-minelord-airport-planned-just-50km -existing-airfield.html#ixzz2NudZILp6
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Senapathy
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Username: Senapathy

Post Number: 14925
Registered: 01-2009

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Posted on Monday, March 18, 2013 - 01:03 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Two airports always better than one, how you missed such simple logic.
I am struck by the lightning of love and burnt beyond repair - Florentino Ariza

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Nrules
Junior Artist
Username: Nrules

Post Number: 144
Registered: 10-2012
Posted From: 79.170.53.110

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Posted on Monday, March 18, 2013 - 01:02 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

What's more ironical is that while the Kadapa airport is spread over just 600 acres of land, the YSR government had allotted a huge 3,115.64 acres to the Reddy brothers to set up a new airport and a flying academy.

Read more: http://www.dailymail.co.uk/indiahome/indianews/article-21223 83/Flying-returns-Bellary-minelord-airport-planned-just-50km -existing-airfield.html#ixzz2NudAZG3B
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Nrules
Junior Artist
Username: Nrules

Post Number: 143
Registered: 10-2012
Posted From: 79.170.53.110

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Posted on Monday, March 18, 2013 - 01:00 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Can the construction of a commercial airport under private management be allowed when there's already an airport within a distance of 50 km?
Well, former Andhra Pradesh chief minister Y.S. Rajasekhara Reddy believed it could.
YSR went out of his way to magnanimously allot land to former Karnataka BJP minister and mining tycoon Gali Janardhan Reddy and his brothers at Jammalamadugu in Kadapa district for building an airdrome.
Ironically, the proposed commercial airport was just 50 km away from the existing Kadapa airport.


Read more: http://www.dailymail.co.uk/indiahome/indianews/article-21223 83/Flying-returns-Bellary-minelord-airport-planned-just-50km -existing-airfield.html#ixzz2Nucd3hCP
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