Andhra Pradesh Current Affairs

ADB approves $631 million loan for Vizag-Chennai industrial corridor

Multilateral funding agency Asian Development Bank (ADB) has approved $631 million loan for building India’s first coastal industrial corridor between Visakhapatnam (Vizag) and Chennai.

The fund will help develop the first key 800-km section of the planned 2,500-km East Coast Economic Corridor.

Key Facts

  • The coastal industrial corridor is expected to boost development on eastern coast of India and enable seamless trade links with other parts of Southeast and South Asia.
  • The total cost of the project is 846 million dollars and work on it is expected to be over by 2031. The remaining 215 million dollars will be funded by Andhra Pradesh government.
  • The loan fund from ADB will help to build state-of-art industrial clusters, roads, efficient transport, reliable water and power supplies with skilled workforce and good business policies.
  • The new infrastructure will be built in the four main centres — Visakhapatnam, Amaravati, Kakinada and Yerpedu-Srikalahasti — along the corridor.
  • It will include 138 km of state highways and roads, 10 power substations, 488 km of drinking water pipeline, 47 km of storm drains, water treatment plants, and 281 km of power transmission and distribution lines.

About the Visakhapatnam-Chennai Industrial Corridor (VCIC)

  • The VCIC section of the East Coast Economic Corridor (ECEC) connects four economic hubs and nine industrial clusters. It will be first industrial corridor developed along India’s coast.
  • The ECEC will extend from Kolkata (West Bengal) in the northeast of India to Tuticorin (Tamil Nadu) near the southern-most point of the country.

About Asian Development Bank (ADB)

  • The ADB is a regional development bank established on 19 December 1966. It promotes social and economic development in Asia.
  • It is headquartered in Manila, Philippines. ADB now has 67 members, of which 48 are from within Asia and the Pacific and 19 outside.
  • The ADB has been modelled closely on the World Bank. It has similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.
  • As of 2014, Japan is the largest shareholder (capital subscription) of ADB having 15.7% shares. US holds 15.6%, China (6.5%), India (6.4%), and Australia (5.8%).

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3rd BRICS Urbanisation Forum Meet begins in Vishakhapatnam

The third edition of BRICS Urbanisation Forum Meet has started in Visakhapatnam, Andhra Pradesh.

The three days conference was be inaugurated by Andhra Pradesh Chief Minister N. Chandrababu Naidu in the presence of Union Minister of Urban Development, M. Venkaiah Naidu.

Key Facts

  • In this edition of conference the delegates from the BRICS nations, Brazil, Russia, India, China and South Africa are participating.
  • During the three-day deliberations, they will discuss investments, urbanisation, formation of new cities and others.
  • The conference will also discuss how to increase the productivity, how to make a separate urban finance system and creation of employment opportunities.
  • Based on the discussions and deliberations ‘Vizag Declaration’ will be prepared, which will play a vital role in ministers’ conference of BRICS to be held on October 15 and 16, 2016 in Goa.

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Union Cabinet approves amendments in Central List of OBCs applicable to Andhra Pradesh and Telangana

The Union Cabinet has given its approval for making suitable amendments in the Central List of OBCs (Other Backward Classes) applicable to Andhra Pradesh and Telangana.

This decision has been taken as per the recommendations of the National Commission for Backward Classes (NCBC).

Key Facts

  • The suitable amendments in the Central List of OBCs will be done by inclusion/deletion of castes/communities applicable to Andhra Pradesh and newly formed State of Telangana.
  • NCBC has recommended total of 35 changes in respect of Andhra Pradesh and also suggested 86 New Entries in respect of Telangana.
  • The changes will enable the persons belonging to these communities in both states to avail the benefits of reservation in Government services as well as in Central Educational Institutions.
  • Besides, these communities will also become eligible for benefit under the various welfare schemes, scholarships etc. of the Union Government.

Background

  • The Section 9 (Functions of the Commission) of the NCBC Act, 1993 empowers NCBC to examine requests for inclusion of any class of citizens as a backward class in the lists.
  • In this regard, NCBC hears complaints of over-inclusion or under-inclusion of any backward class in such lists and tenders such advice to the Union Government.
  • The NCBC Act, 1993 also stipulates that the advice of the Commission shall ordinarily be binding upon the Union Government.
  • So far based on recommendation of the NCBC a total of 2401 Entries for inclusion, including its synonyms, sub-castes, etc. in the Central List of OBCs have been notified in 24 States and 6 Union Territories.

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