Andhra Pradesh Govt Pays Rs 666 84 Crore To Agri Gold Scam Victims

Chief Minister Jagan mentioned there is no instance of any authorities in the nation taking responsibility for those families who have been betrayed by a private sector company. Telugu360 is thought for breaking information first on net media and is referenced by all the most important publications for Telugu news. Interacting with the victims, Jaganmohan Reddy ensured compensation of Rs 7 lakh to every household of a hundred and five AgriGold depositors who ended their lives, if his get together involves energy in 2019 elections. As per the affiliation, there are 19.52 lakh victims in Andhra Pradesh alone and the AgriGold group owes them Rs three,966 crore. The association began their indefinite starvation strike in March 2017. A delegation met the Chief Minister last week, upon whose assurance the strike was known as off.

The firm was arrange in 1995 as a Collective Investment Scheme . For the next 20 years, the corporate lured several lakh prospects on the promise that their investment would come back to them with greater proud indian quotes returns. Leader of Opposition in Assembly Y S Jaganmohan Reddy alleged that Agriculture Minister Prathipati Pulla Rao had purchased the AgriGold land in January 2015, after the police conducted raids in AgriGold.

The extension system has undergone major transformation since 60s. Community Development method was in apply throughout 60s and 70s. The group based developments got much thrust during that point.

The YCP chief displayed photocopies of registration papers and purported that Prathipati had purchased the land in the name of his wife Venkayamma. This property was bought by Uday Dinakar, who is among the directors of the Haailand, which is the property of AgriGold firm. He further held that Pulla Rao had allegedly misused his energy in transferring the belongings in possession of the AgriGold to his wife for a throwaway worth. As per the YCP, the AgriGold properties like Haailand property, Yarada property and Atihoya shopping complicated were not put for public sale.

Jagan alleged that Rao’s wife purchased the properties even after the probe began into allegations towards the company for dishonest depositors. The High Court quickly took notice of the case after a PIL, and ordered the CID to provide it updates on the case and in October 2015, the Court asked the State to hurry up the public sale of the company’s properties. By January 2015, thousands had turned up, saying that they were not getting their money back and a few of them had invested a quantity of lakhs, while some had even invested a number of crore rupees within the company. The firm allegedly took cash from the shoppers and invested closely in actual estate and promised their clients that the returns would only improve. The company lured the purchasers on the promise that their funding would come again to them with larger returns. Chief Minister YS Jagan Mohan Reddy credited the quantity into the accounts of the victims.

Sharing of data and networking of the knowledge inside and among farmers and extension officers was considered as most important in breaking the ice. During 2004, Agricultural Information Services Network an online primarily based information gathering and analytics mechanism was initiated. Department of Agriculture, Tamilnadu with the intention os bringing Agility in the Extension System proposed this project to Government of India. Department of Agriculture, Tamilnadu is a Century old division, addressing the cropping and cropping related needs of the farming community. While the world was turned on its head by COVID-19, chemical companies principally managed to stay somewhat extra resilient. Although uncooked supplies had been in short supply because of production restrictions, order books remained wholesome with customers relying on the chemical firms to journey the crisis and resume service.

The company allegedly took this money and invested closely in real estate, before branching out to different areas as nicely, all of the whereas promising their prospects that the returns would only improve. The protesters demanded that every one directors of the company and relations of the chairman be arrested and their belongings confiscated. The depositors’ interests would be adversely affected if the State police didn’t stop those arrested from getting bail, they mentioned.

He has mentored 109 analysis scholars in their doctoral research as well as several post doctoral fellows. This was taking care of the economic system of the farming group to some extent whereas one sector poses menace because of sudden calamities. We at JU Agri Sciences are the agency believer that corporate responsibility is integral to business success. We are strongly dedicated to the welfare of our farming community, trade companions, stakeholders, workers and thrive to verify our financial growth is socially and environmentally sustainable. Haskarlianus Pasang has been with GAR since 2012 and specialises in translating sustainability policies and standards into practical actions in our operations.

An app that gives funds and banking services to clients of any financial institution. The Comprehensive Input Supply Management System is an online module for supply chain management in addition to Benefit tracking system. All the 880 Agricultural Extension Centers in the state went online.

AgriGold brokers and customers burn the effigy of AgriGold Group of Companies chairman Avva Venkata Rama Rao in Ongole on Thursday. The contributions of Rama Rao are reported to be noteworthy within the area of natural synthesis, especially asymmetric synthesis. He is understood to have developed cheaper methodology for the synthesis of anti-tumour antibiotics such as Anthracyclines, Fredericamycin-A, Cervinomycins A1 and A2, Aronorosin, and Lavendamycin. He evolved a brand new methodology for the development of the spiro-nonane system, a constituent of Fredericamycin A, a first time achievement on the earth, and succeeded in its complete synthesis.