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All Party meet held on Power Supply

Hyderabad
The State Government held consultations with political parties and farmers' organizations on Tuesday to review the free power policy to the agriculture sector in view of a 'crisis' situation developing due to mushrooming of unauthorized connections to pump sets. After hearing their views in separate meetings, the Finance Minister, K.Rosaiah told reporters that the connections had gone upto 3.5 lakhs in the last couple of months leading to increased load on the distribution system and large scale burning of transformers and motors. The review was not forced by any monetary consideration, he said. The Minister said the all party meet was convened mainly because the Government wanted to put up a strong case before the APERC when it presented its views on the Annual Revenue equipment report for 05-06.

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DEE held on graft charge

Hyderabad
A Deputy Executive Engineer of Andhra Pradesh Housing Corporation working in Eluru G.Nooka Raju was arrested by the Anti corruption Bureau officials on Tuesday on charge of possessing assets worth over Rs.34 lakhs disproportionate to his knows sources of income. The DEE was being produced before the Special Court for ACB Cases, Visakhapatnam. Simultaneous raids were conducted at various places.

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NABARD package

Hyderabad
The National Bank for Agriculture and Rural Development has prepared a special financial package to provide relief to tsunami affected people in the State. It will restructure/reschedule between five and nine years the loans keeping in view the repayment capacity of borrowers. According to a press release, the bank will provide corresponding refinance support. Under the special package, it will extend cent percent refinance to all categories of banks irrespective of loan amounts involved for the affected persons.

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