Home Tags Telanganakcr

Bon Voyage, KCR garu


Telangana Chief minister K Chandrasekhar Rao left for China, to showcase the investment attractiveness of the new-born Telangana state. During his nine-day stay in China, the CM is expected to attend, besides world economic forum meeting, conferences, business meetings, visit to industrial towns and of course tourist places. KCR does everything in style. He left for China today hiring a super luxury 50-seat aircraft and with a 16-member delegation consisting of ministers Jagdish Reddy (energy), Jupally Krishna Rao(industry), Swamy Goud (legislative council chairman), Madhusudhana Chary(assembly speaker), Rajya Sabha member K Keshava Rao, MLAs K Eshwar and G Balaraju, chief minister’s political secretary S Subhash Reddy, state’s representative in Delhi Venugopala Chary, senior officials in CMO and industrialists.

According to sources in the government,the CM will explore the possible areas of cooperation and investments in Telanana to the tune of Rs 50,000 crore.

But unfortunately for Telangaan chief minister, he is visiting China at a time when the communist country’s economy has taken a nose dive. The growth rate is falling. Political uncertainty looming large. Stock market crash and devaluation of currency badly affected the image of China globally. The market’s decline has now wiped out more than $3.5 trillion in market value in a month, unparalleled in stock market history. China is not only world’s second largest economy it is also the largest trading nation for 75 countries and is by far the largest importer of commodities in the world, a vital export for many emerging market nations. For the past three decades, China’s economic model was built on three pillars—exports, the property market, and domestic fixed-asset investment. Unfortunately, these three pillars are now started crumbling. The housing market is facing a glut with 70 million unsold homes. In most major cities, residential prices have been falling for 18 months. The return on invested capital is rapidly dropping. Many basic industries, such as steel and cement, are operating at 75 percent capacity or less, and factory prices have been declining for three consecutive years which finally peaked in the stock market collapse on August 24, which the Chinese official news agency called ‘Black Monday’.

China, which has been on the top of world economy, could not foresee this tumble and prevent it. ” For decades, the Chinese Communist Party has been able to keep control of democracy protests, dissidents, the legal system and the military, but it is now facing an even more intractable foe: a plummeting stock market,” commented Washington Post.

What would a country, which is caught up in all round financial crisis, offer to Telangana? Or would the luxury trip simply turn out to be a pleasure trip at the cost of tax-payers’ money?
But, let’s wish the chief minister and his team all the best.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Discontent brewing in TRS


Outsiders are more favored in the TRS government than the loyalists, who are born as politicians in Telangana movement and brought up in TRS. This is the grumble one hears among the TRS circles, who hoped that formation Telangana state would be ” Bangaru Telangana” from them.

Many TRS veterans are not able to decipher chief minister K Chadrasekhar Rao’s mind in promoting only defectors or retired officers instead of rewarding the party veterans, who braved police lathis, lock-ups and cases. The latest irritant for them is the appointment of D Srinivas as the special advisor to the government of Telangana.

D Srinivas, they said, till the other day enjoyed the office in Congress and worked in all possible means to defeat the TRS in Nizambad district. It has not been even two weeks since he joined the party, he is appointed as the advisor, a seventh one in the government with a cabinet rank. Majority of the advisors are retired IAS officers, who never worked for the party nor participated in the T-movement.

Second crop of leaders who got benefited were defectors such as Talasani Krishan Yadava, Tummla Nageswar Rao, Kadiyam Srihari, Mahender Reddy, Chandulal, Jupalli Krishna Rao, Pocharam Srinivas and A. Indrasena Reddy. Of the 18 ministers, eight are not original TRS leaders like Etela Rajender or Nayani Narasimha Reddy.

“If he(KCR) doesn’t ‘t want to give us plum posts in the government. Then at least he should fill the nominated posts in the public sector units. It is already 14 months into the term of the government, chief minister has not appointed chairmen to the Public sector corporations.
He has not appointed any party leader to government bodies, temple committees etc. Resentment is brewing inside the party,” said a party veteran , who has been waiting for a post in the government told T-360 on condition of anonymity.

In every district, an army of dissidents is becoming visible, he said. If the CM doesn’t take care of the loyalist and keep on promoting the defectors, people suspect KCRs motive and distance themselves from it, he added in disgust.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.

Cash-for-Vote: ACB Intensifies its Probe


The Anti Corruption Bureau of Telangana Government has recorded the statement of Elvis Stephenson, the nominated MLA of Telangana assembly, who was offered a sum of Rs. 50 lakh in exchange of his vote in MLC elections under MLA quota last month at his residence by TDP MLA Revant Reddy.

It may be recalled that Revant Reddy was arrested and sent to judicial remand. In connection with this cash-for-vote, Stephenson-who complained to the ACB that he was being lured by TDP based on which ACB conducted a sting operation-appeared before the ACB on Wednesday.

The sources said that Stephenson mentioned Chandrababu’s name in his statement. A day before that the nominated Anglo-Indian Stephenson told at a private function that he was offered the money that he denied to take.

If buzz has to believed, Stephenson even mentioned that the total sum promised was five crore rupees out of which fifty lakh rupees were brought to his residence as an advance.

Statement Submitted to Nampally Magistrate Court:

The recorded statement of Elvis Stephenson was submitted to Third Additional  Chief Metropolitan Magistrate in Nampally of Hyderabad. It was reportedly sent in a sealed cover. 

Election Commission on Chandrababu Naidu:

All possible doors to come out of this infamous cash-for-vote scam seem to be closed to TDP supremo Chandrababu Naidu. It is known that he has been bringing in the name of Election Commission and questioning as to how ACB would be handling the matter that’s in the purview of EC.

Apparently, Election Commission wrote to the ACB wherein it reportedly mentioned that there was need for in-depth investigation and none would be exempted if proved guilty.

Telugu360 is always open for the best and bright journalists. If you are interested in full-time or freelance, email us at Krishna@telugu360.com.



[X] Close
[X] Close