Andhra Pradesh Government Approves Hike In Old-Age Pension From January 2023

The state cabinet also approved the proposals of the Andhra Pradesh State Investment and Promotion Board (SIPB) projects worth Rs 23,985 crore.

AP government hikes pension to elderly from Rs 2,500 to Rs 2,750 from January 2023.

Source : ABP Desam

The Andhra Pradesh state cabinet meeting on Tuesday chaired by Chief Minister YS Jagan Mohan Reddy approved the increase of old age pension amount from Rs 2,500 to Rs 2,750 from January 2023. The state cabinet approved the proposals for the YSR Livestock Losses Compensation Scheme. The cabinet gave its nod to the proposal to build virtual classes in all government schools and smart TV rooms in foundation schools under the Nadu-Nedu programme.

The state cabinet also approved the proposals of the Andhra Pradesh State Investment and Promotion Board (SIPB) projects worth Rs 23,985 crore. The State Investment Promotion Board (SIPB), headed by Chief Minister YS Jagan Mohan Reddy on Monday has given its nod for investments of Rs 23,985 crore in the state.

The SIPB meeting has given its nod for Adani Green Energy Projects, which will come up in Vizianagaram and the ASR district with an investment of Rs 6,330 crore. The company plans to build a 1,600 MW pumped hydro storage power project.It will provide direct and indirect employment to 4,000 people. The Vizianagaram unit will generate 600 MW and 1000 MW in the ASR district unit. The officials said over 4,196 million units of electricity per year will be generated from the units.

Shirdi Sai Electricals Ltd. will set up two hydro storage projects in Erravaram (1200 MW) and Somasila (900 MW), producing over 2100 MW with an investment of Rs 8,855 crore. The officials said the target is to start in July next year and complete it in phases over five years, i.e., by December 2028. It would also provide direct jobs for 2,100 people.

(With inputs from ABP Desam — It is a Telugu platform of ABP News. For more news, commentary and latest happenings from two Telugu states, follow https://telugu.abplive.com/)