Task Force To Probe Irregularities In Kapu Corporation: MD Nagabhushanam

Task Force To Probe Irregularities In Ka...

B Nagabhushanam was appointed as the Managing Director of Kapu Welfare and Development Corporation recently. After taking charge, he has constituted a task force to probe irregularities concerning the disbursement of loans and subsidies from the Kapu Corporation.

A five-member team would be appointed who would inspect all the units, which were granted funds from the corporation during the last five years. He said that the Kapu Corporation spent more than Rs 4000 Crore and they have received several complaints in the manner of disbursement and use of these funds in the past five years.

Nagabhushanam warned that the money would be recovered from those who have committed fraud and they would address all complaints related to the irregularities and fraud in granting of loans and subsidies.

He mentioned that the Andhra Pradesh State government was committed to empowering Kapu youths and the state government had allocated Rs 2000 Crore in the Budget recently for the Kapu Corporation. C

Chief Minister YS Jagan Mohan Reddy was concerned about the welfare of the Kapu youth and was concerned that they all receive benefit from the funds equally and in a fair manner

As part of the Spandana initiative by the State government, Nagabhushanam said that "Kapu Spandana" would also be called for to address the grievances of the Kapu youth. An online mode would also be launched so that those who cannot attend the program or come to the office in person can send their grievances online, he added.


PostedOn: 18 Jul 2019 Total Views: 123




Hyderabad court defers verdict in case o...

Hyderabad court defers verdict in case of LeT oper...

Tunda, a suspected Lashkar-e-Taiba (LeT) operative and bomb expert has been charged with conspiring to commit a terror strike during Ganesh festival in Hyderabad in 1998. A court in Hyderabad on Tuesday adjourned the verdict in a case pertaining to the terror suspect Syed Abdul Karim alias Tunda to ...

18 Feb 2020

TDP demands restoration of high security...

TDP demands restoration of high security cover for...

The Telugu Desam Party (TDP) has demanded that the Andhra Pradesh government must restore security cover for former Chief Minister and party chief Chandrababu Naidu, and his son Nara Lokesh, who is also an MLC. A statement issued by TDP state president Kala Venkata Rao said that Naidu faces “s...

18 Feb 2020

UIDAI asks Hyderabad man to prove citize...

UIDAI asks Hyderabad man to prove citizenship, all...

The UIDAI on February 3 sent a letter to Sattar Khan, a resident of Hyderabad raising questions on whether he was an Indian citizen. The Unique Identification Authority of India (UIDAI) that oversees the functioning of Aadhaar in the country in a letter to Sattar claimed to have had received a compl...

18 Feb 2020

Fear grips Telangana village after tiger...

Fear grips Telangana village after tiger sighting

Fear has gripped the villagers of Tamsi (K) in Bheempur mandal, Adilabad as a tiger strayed into the area on Monday. The wild cat was spotted by a woman who was washing clothes on the bank of Penganga river when it came to drink water. The woman soon raised an alarm in the village and alerted the vi...

18 Feb 2020

TDP and YSRCP keep trading barbs over I-...

TDP and YSRCP keep trading barbs over I-T raids on...

The Central Board of Direct Taxes mentioned that the search operations were conducted on ‘close associates’, including ex-personal secretary of ‘a prominent person’, though no names of any firms or persons were mentioned. A day after the Telugu Desam Party (TDP) shared detail...

18 Feb 2020

Pvt schools in AP flouting govt norms, c...

Pvt schools in AP flouting govt norms, charging ex...

Last week, 260 private educational institutions in Andhra Pradesh saw surprise visits by district officials as part of the Andhra Pradesh School Education Regulatory and Monitoring Commission’s (APSERMC) initial step towards monitoring standards in these institutions. The surprise inspections ...

18 Feb 2020

Maharashtra Home Minister to visit Andhr...

Maharashtra Home Minister to visit Andhra to study...

Maharashtra Home Minister Anil Deshmukh on Monday announced that he will visit Andhra Pradesh to understand more about the Disha Act that stipulates stringent punishment in cases of atrocities against women. Deshmukh made the announcement from his official twitter handle. He said, "I have decided to...

18 Feb 2020

'Skull Breaker challenge': Kerala police...

'Skull Breaker challenge': Kerala police warn agai...

Ever since the ALS Ice Bucket challenge broke the internet back in 2014, there has been no dearth of viral challenges taking over social media. However, increasing danger quotient is a worrying pattern that has been observed in these challenges. The most recent addition to the slew of TikTok challen...

18 Feb 2020