Latest news with #AppiReddy
Hans India
03-05-2025
- Business
- Hans India
Appi Reddy knocks HC doors against govt
Amaravati: YSRCP MLC Lella Appi Reddy on Friday filed a Public Interest Litigation (PIL) in the Andhra Pradesh High Court, strongly objecting to the State government's move to permit a private party to approach the RBI and access the Consolidated Fund of the State. This development is with respect to the proposed Non-Convertible Debentures issuance by the Andhra Pradesh Mineral Development Corporation (APMDC). He argued that this provision is unconstitutional, as it bypasses legislative approval and violates Articles 203, 204, and 293 of the Constitution. He urged the Court to declare the move illegal and sought a stay on further proceedings. In the PIL, Appi Reddy expressed serious concern that private bond holders or debenture trustees could be allowed to withdraw funds directly from the State's consolidated fund in total violation of the Constitutional provisions providing for legislative oversight. He stated that such access undermines the principles of financial accountability and violates the Constitution's framework for public finance. The PIL also questioned the government's decision to grant lease rights over 436 minor mineral quarries to APMDC without any open bidding or competitive process. He argued that this violates the AP Minor Mineral Concession Rules and allows public resources to be used without transparency or oversight. Further, the APMDC was permitted to mortgage these mineral rights to private entities, who were also empowered to transfer or sell them without government approval. The petitioner termed this a dangerous and unlawful handover of State-owned assets. Appi Reddy requested the High Court to strike down the entire scheme as unconstitutional and arbitrary, and to halt the issuance of NCDs backed by public assets. The PIL aims at safeguarding the State's resources and financial integrity from being misused for private financial arrangements.
The Hindu
03-05-2025
- Business
- The Hindu
PIL filed in HC against A.P. govt. over private party's access to State's Consolidated Fund
YSR Congress Party (YSRCP) MLC Lella Appi Reddy has filed a Public Interest Litigation (PIL) in the Andhra Pradesh High Court, objecting to the State Government's move to permit a private party to approach the RBI and access the Consolidated Fund of the State. This development is concerning the proposed NCD issuance by the APMDC. The MLC argued that this provision is unconstitutional as it bypasses legislative approval and violates Articles 203, 204, and 293 of the Constitution. He urged the High Court to declare the move illegal and sought a stay on further proceedings, according to a press release. Referring to the PIL, Mr. Appi Reddy expressed concern that private bondholders or debenture trustees could be allowed to withdraw funds directly from the State's consolidated fund, in violation of the Constitutional provisions providing for legislative oversight. He stated that such access undermines the principles of financial accountability and violates the Constitution's framework for public finance. The PIL also questioned the government's decision to grant lease rights of over 436 minor mineral quarries to APMDC without any open bidding or competitive process, he said. The YSRCP leader argued that this violates the Andhra Pradesh Minor Mineral Concession Rules and allows public resources to be used without transparency or oversight. Mineral rights Further, the APMDC has been permitted to mortgage these mineral rights to private entities, who are empowered to transfer or sell them without government approval. The petitioner termed it as a 'dangerous and unlawful handover of State-owned assets. Mr. Appi Reddy requested the High Court to strike down the entire scheme by deeming it unconstitutional and arbitrary, and to halt the issuance of NCDs (bonds) backed by public assets. The PIL aims to safeguard the State's resources and financial integrity from being misused for private financial arrangements, he added.
Hans India
29-04-2025
- Politics
- Hans India
TDP undermined Municipal by-election norms
Vijayawada: YSR Congress Party MLC Lella Appi Reddy strongly condemned the Telugu Desam Party for undermining democracy during the recent municipal by-elections. Addressing the media at party office here on Monday, he criticised the TDP-led coalition government of using coercion, threats, and inducements to force YSRCP's elected representatives in local bodies to switch loyalties. Highlighting blatant irregularities, Appi Reddy pointed to Kuppam Municipality, Chief Minister Chandrababu Naidu's own constituency, despite YSRCP having 18 out of 25 councillors, TDP usurped the municipal chairman's post by intimidating and luring nine YSRCP councillors. He noted that similar undemocratic practices were evident in Macherla, Palakonda, Tuni, and other municipalities, where despite YSRCP majorities, the coalition captured power through unethical means. Calling it an unprecedented misuse of power, he criticised the coalition for celebrating these ill-gotten victories with the support of partisan media. He warned that the public was closely observing these actions and would soon hold the coalition accountable. Appi Reddy contrasted the current situation with YSRCP's commitment to democratic values, recalling how, under YS Jagan Mohan Reddy's leadership, the party respected the people's mandate during past elections, even when in power. He stressed that the coalition's desperate actions, even with a year left in office, were forcing unnecessary by-elections. The MLC stated that YSRCP had issued whips to its elected representatives and initiated disciplinary action against defectors, while also pursuing legal remedies. Reaffirming YSRCP's commitment to protecting democratic traditions, he expressed confidence that the people of Andhra Pradesh would soon reject the coalition's anti-democratic excesses.
