Andhra Pradesh government to issue zero fare bus tickets for women from August 15
Naidu said that the women passengers should be provided with the details of the benefits they are receiving. He asked the officials to develop software for this purpose. Naidu also discussed the financial implications of the scheme on APSRTC and instructed the officials to look for alternative revenue generation sources as well as the reduction of maintenance costs. He told the officials to be ready to handle any kind of issues that may arise after the launch of the scheme.
He instructed them to study the issues that arose in other states when a similar scheme was launched.
The chief minister suggested the officials to prepare advanced estimates on cost implications because of the scheme and ensure that the free bus service to women does not become a burden for the APSRTC. He said that all the new buses to be inducted into the fleet should be air-conditioned electric buses and directed the APSRTC officials to develop the necessary infrastructure for the maintenance and charging of electric buses.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around
Blinkist: Warren Buffett's Reading List
Undo
He told them to generate power through solar and other renewable sources to become self-sufficient, which would largely reduce operating costs. Naidu suggested developing charging infrastructure across the state in APSRTC properties not only for in-house usage but also as a revenue-generating model.
Free bus travel for women is one of the promises made by the NDA in the run-up to the elections. After coming to power, the NDA govt took a cautious approach in launching the scheme in view of the experiences in other states and the financial situation of the APSRTC and the state at large.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
30 minutes ago
- Time of India
Trump says Japan will invest $550 billion in US at his direction. It may not be a sure thing
President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States. It's an astonishing figure, but still subject to negotiation and perhaps not the sure thing he's portraying. "Japan is putting up $550 billion in order to lower their tariffs a little bit," Trump said Thursday. "They put up, as you could call it, seed money. Let's call it seed money." Explore courses from Top Institutes in Please select course: Select a Course Category MBA Product Management MCA Cybersecurity healthcare Artificial Intelligence CXO Public Policy Finance Technology Operations Management Healthcare PGDM Others Project Management Design Thinking Degree Management Digital Marketing Data Science Data Science Data Analytics others Leadership Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details He said 90% of any profits from the money invested would go to the U.S. even if Japan had put up the funds. "It's not a loan or anything, it's a signing bonus," the Republican president said, on the trade framework that lowered his threatened tariff from 25% to 15%, including on autos. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Solar Panels Prices Might Surprise You Affordable Solar Panel | Search Ads Search Now Undo A White House official said the terms are being negotiated and nothing has been formalized in writing. The official, who insisted on anonymity to detail the terms of the talks, suggested the goal was for the $550 billion fund to make investments at Trump's direction. The sum is significant: It would represent more than 10% of Japan's entire gross domestic product . The Japan External Trade Organization estimates that direct investment into the U.S. economy topped $780 billion in 2023. It is unclear the degree to which the $550 billion could represent new investment or flow into existing investment plans. Live Events What the trade framework announced Tuesday has achieved is a major talking point for the Trump administration. The president has claimed to have brought trillions of dollars in new investment into the U.S., though the impact of those commitments have yet to appear in the economic data for jobs, construction spending or manufacturing output. The framework also enabled Trump to say other countries are agreeing to have their goods taxed, even if some of the cost of those taxes are ultimately passed along to U.S. consumers. On the $550 billion, Japan's Cabinet Office said it involves the credit facility of state-affiliated financial institutions, such as Japan Bank for International Cooperation . Further details would be decided based on the progress of the investment deals. Japanese trade negotiator Ryosei Akazawa, upon returning to Japan, did not discuss the terms of the $550 billion investment. Akazawa said he believes a written joint statement is necessary, at least on working levels, to avoid differences. He is not thinking about a legally binding trade pact. The U.S. apparently released its version of the deal while Japanese officials were on their return flight home. "If we find differences of understanding, we may have to point them out and say 'that's not what we discussed,'" Akazawa said. The U.S. administration said the fund would be invested in critical minerals, pharmaceuticals, computer chips and shipbuilding, among other industries. It has said Japan will also buy 100 airplanes from Boeing and rice from U.S. farmers as part of the framework, which Treasury Secretary Scott Bessent said would be evaluated every three months. "And if the president is unhappy, then they will boomerang back to the 25% tariff rates, both on cars and the rest of their products. And I can tell you that I think at 25, especially in cars, the Japanese economy doesn't work," Bessent told Fox News' "The Ingraham Angle." Akazawa denied that Bessent's quarterly review was part of the negotiations. "In my past eight trips to the United States during which I held talks with the president and the ministers," Akazawa said. "I have no recollection of discussing how we ensure the implementation of the latest agreement between Japan and the United States." He said it would cause major disruptions to the economy and administrative processes if the rates first rise to 25% as scheduled on Aug. 1 and then drop to 15%. "We definitely want to avoid that and I believe that is the understanding shared by the U.S. side," he said. On buying U.S. rice, Japanese officials have said they have no plans to raise the current 770,000-ton "minimum access" cap to import more from America. Agricultural Minister Shinjiro Koizumi said Japan will decide whether to increase U.S. rice imports and that Japan is not committed to a fixed quota. Trump's commerce secretary, Howard Lutnick, has suggested that the Japanese agreement is putting pressure on other countries such as South Korea to strike deals with the U.S. Trump, who is traveling in Scotland, plans to meet on Sundayv with European Commission President Ursula von der Leyen to discuss trade. "Whatever Donald Trump wants to build, the Japanese will finance it for him," Lutnick said Thursday on CNBC. "Pretty amazing."
Time of India
35 minutes ago
- Time of India
Maintaining sustained growth top priority, says FM Sitharaman
New Delhi: Maintaining sustained growth is the top priority amid global uncertainties, and an incremental rise in public capital expenditure is one of the drivers for economic development, Finance Minister Nirmala Sitharaman said on Saturday. The statement assumes significance as the Indian economy grew by 6.5 per cent in FY25. This growth was the slowest in four years, and compares to a 9.2 per cent expansion in the previous 2023-24 fiscal. The Economic Survey has projected the GDP growth for FY26 between 6.3 per cent and 6.8 per cent, while the RBI lowered its growth forecast from an earlier level of 6.7 per cent to 6.5 per cent for the ongoing financial year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Only Classless Women Wear these Over a Certain Age Learn More Undo Speaking at a book release event here, Sitharaman said, "To maintain the growth is the topmost priority. Growth is the topmost, and therefore, it will have an overlap with how you create jobs..." Keeping India relevant amid global challenges and being there in a leadership position, and moving forward along with other countries are other priority areas, she said, adding that the priority would also be to redefine the voice of the Global South. Live Events Finding resources for meeting many domestic economic aspirations within fiscal constraints is another priority, she said while releasing the book titled 'A World in Flux: India's Economic Priorities'. She further said the incremental rise in public capital expenditure is one of the primary drivers of sustained economic growth. "Public investments have kept pace. It has been Prime Minister Narendra Modi's clear instruction that we have to have capital expenditure grow and grow significantly. I confidently believe that it is one of the primary drivers of sustained economic growth," she said. The other focus area of the government is to push growth through a friendly and attractive FDI policy to be able to get more and more investments happening in India. Besides, she said, the healthy competition among states to attract investment is also a good sign. Speaking about bilateral trade deals, the finance minister said such agreements are taking priority over multilateral trade. "On the bilateral trade front, we are moving forward and we have seen bilateral agreements being signed in the last four to five years with Australia, UAE and the UK. Negotiations are progressing well with the United States as well as the European Union," she said. Asked about relations with China, Sitharaman said it is getting a bit better, and the beginning has been made with the visit of the External Affairs Minister recently. "We need more access, and we need to have a lot more interaction, and possibly open some windows. And that's not just from our side, even the Chinese have been approaching through the MEA. "So, you had External Affairs Minister S Jaishankar go. There is something, some kind of a beginning, as to how much it will take us far; how far it will go is something we will have to wait and see. It might help the economy; however, a sense of caution would have to be built in," she added.
Time of India
36 minutes ago
- Time of India
Bihar CM Nitish Kumar launches development projects worth Rs 650 crore in Madhubani district
Bihar Chief Minister Nitish Kumar on Saturday launched development projects worth around Rs 650 crore in Madhubani district. The CM also inspected the proposed redevelopment site of the revered Janki Mandir at Punaura Dham in Sitamarhi, believed to be the birthplace of Goddess Sita. Explore courses from Top Institutes in Please select course: Select a Course Category Degree Others CXO MBA Artificial Intelligence PGDM Data Science others healthcare Data Analytics Healthcare MCA Management Cybersecurity Public Policy Design Thinking Product Management Leadership Finance Data Science Operations Management Technology Project Management Digital Marketing Skills you'll gain: Data-Driven Decision-Making Strategic Leadership and Transformation Global Business Acumen Comprehensive Business Expertise Duration: 2 Years University of Western Australia UWA Global MBA Starts on Jun 28, 2024 Get Details According to a release from the Chief Minister's Office (CMO), the foundation stones for various infrastructure and tourism-related projects were laid during a high-profile roadshow led by the CM in Laukahi, Madhubani. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Indonesia: New Container Houses (Prices May Surprise You) Container House | Search ads Search Now The roadshow commenced from the helipad and culminated at the event venue. "The CM laid the foundation stone for the construction of an approach road, including a road over bridge (ROB) worth Rs 178 crore, and a railway-level crossing situated between Khajauli-Jaynagar railway stations," the statement said. Live Events He also launched several projects that included revival work of the Old Kamaladhar and Jeevch-Kamla rivers of the water resources department (Rs 264.93 crore), construction of four barrages and related structures on the Old Kamla and Jeevch-Kamla rivers aimed at enhancing irrigation and flood mitigation (Rs 161.08 crore), and construction of an inter-state bus terminal under the urban development and housing department in Madhubani municipal area (Rs 14.53 crore). Besides, he also launched a project for the development of tourism facilities at Phulhar Sthan, Harlakhi at a cost of Rs 31.13 crore, the statement added. Later, Kumar inspected the site around Janki Mandir, which will be re-developed at Punauradham. The foundation stone laying ceremony of the project, worth more than Rs 882.87crore, will be held on August 8. The state government recently formed a nine-member trust, headed by chief secretary, for the construction and redevelopment of 'Maa Janaki Mandir' at Punaura Dham. Around Rs 137 crore will be allocated for the renovation of the old Punaura Dham Janki Mandir, while Rs 728 crore will be used to develop tourist infrastructure around the temple. The remaining funds will be earmarked for maintenance of the infrastructure over the next ten years, the statement said. "The comprehensive development will be carried out on the lines of the Shri Ram Janmabhoomi Tirth Kshetra, Ayodhya", the statement added. Others who were present at the function included Deputy Chief Minister Samrat Choudhary; Minister of Water Resources and Parliamentary Affairs Vijay Kumar Choudhary, Chief Secretary Amrit Lal Meena and Development Commissioner Pratyaya Amrit.
