Financial Daily from THE HINDU group of publications
Saturday, Jul 02, 2005
Financial Daily from THE HINDU group of publications Saturday, Jul 02, 2005 |
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Government
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Policy Industry & Economy - Infrastructure Cabinet okay for Greater Hyderabad Our Bureau
Hyderabad , July 1 THE State Cabinet on Friday approved the creation of Greater Hyderabad by merging the Municipal Corporation of Hyderabad with 12 municipalities within the twin cities and eight villages and has approved a plan to invest Rs 800 crore to strengthen its infrastructure. The Cabinet also approved the formation of Greater Visakhapatnam by merging Gajuwaka municipality and surrounding 32 villages with Vizag. While Greater Hyderabad would get expanded from about 175 sq km to 725 sq kms, the Vizag municipality will expand to 505 sq kms. Addressing a press conference here, the State Information Minister, Mr Mohd Ali Shabbir, said that the Government approved a low interest loan scheme for Dwcra women, which is offered at 3 per cent per annum. In yet another decision, the State Cabinet approved allocation of 100 acres of land to the Agha Khan Foundation free of cost near the proposed international airport to create a university and other educational institutions. The Agha Khan Foundation plans to invest about Rs 1,000 crore on this project, the Minister explained.
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