Andhra Pradesh Current Affairs - 2019

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Gujarat tops in private sector investments across India

As per an analysis titled ‘Composition of Outstanding Investments Across States,’ carried out by Assocham, Gujarat has the biggest share of 12.5% in total outstanding private sector investments ((including both domestic and foreign private sectors) across India as of June 2012. As per the analysis top 4 states are:

  1. Gujarat (12.5%)
  2. Odisha (10.7%)
  3. Maharashtra (8.9%)
  4. Andhra Pradesh (8%)

With a share of over Rs 82.9 lakh crore, the private sector accounts for over 59% of the total outstanding investments across India worth over Rs 140 lakh crore as of June 2012.
Kerala, Himachal Pradesh, Jammu and Kashmir, Uttarakhand and Assam have the smallest share of less than 1%.

Month: Categories: National

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SUN TV Network acquires Hyderabad IPL franchise

imageSun TV Network won the Hyderabad Franchise of the Indian Premier League (IPL) for a sum of Rs 85.05 crore per annum.

  • On September 15, the BCCI floated tenders for a new IPL franchise after terminating Deccan Chargers’ contract following payment default by the team owners DCHL.
  • DCHL was unable to furnish bank guarantee of Rs 100 crore before October 12, 5 pm deadline.

Month: Categories: Sports

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