The neighbouring
state of Andhra has a long and chequered history dating back to Vedic ages. Andhra
was mentioned in the Sanskrit epics such as Aitareya Brahmana – the language ‘Telegu’
is also centuries old. One of its
earliest rulers were Satvahanas …. At some point of time, parts of Andhra
especially the Krishna valley were ruled by Pallava kingdom too. Under the Vijayanagara Empire founded by
Harihara and Bukka, many places flourished.
Qutb Shahi dynasty held sway for over hundred years. In Colonial India,
Northern Circars became part of the British Madras Presidency. After independence, Nizam wanted to retain the independence of the
Princely Hyderabad State from India, but the people of the region launched a
movement to join the Indian Union. After
Potti Sreeramulu's death, the Telugu speaking areas i.e., Andhra state was
carved out of Madras Statein Oct 1953 with Kurnool as its capital city; in Nov
1956 States were reorganised and Andhra Pradesh was formed – Feb 2014 saw
another division – this time carving out of Telengana State comprising of 10
districts. – this post is not about the
history of Andhra Pradesh though !
Capital Fund : Money set aside for the purchase of
capital or fixed assets, such as land, factories or manufacturing equipment.
Venture capital is
financial capital provided to early-stage, high-potential, growth start-up
companies. A company may raise funds for
different purposes depending on the time periods ranging from very short to
fairly long duration. The total amount of financial needs of a company depends
on the nature and size of the business. The scope of raising funds depends on
the sources from which funds may be available. When most people think about a
company raising capital, they think about a private company going public -
selling an initial public offering (IPO) of stock. An IPO can indeed be an
effective means of raising capital for corporate ventures.
The present day Andhra
Pradesh is still the eighth largest
state ….. and today’s The Hindu reports that a gleaming steel hundi installed on the premises
of the Andhra Pradesh Secretariat with ‘Andhra Pradesh Government Capital
Development Fund’ inscribed on it was the cynosure of all eyes on Saturday.
Initially, no
one had a clue as to whose decision it was to install the hundi – set up at the
entrance of the ‘L’ block – when employees had already donated money equivalent
to two days’ basic pay towards a fund for the construction of the new capital.
Some had even parted with their gold ornaments.
Finally, it turned out that it
was the Finance Department’s decision to place two sealed hundis – one at the
Lake View Guest House and the other at the Secretariat – as visitors calling on
the Chief Minister were leaving cash and valuables towards the capital fund at
his office. Keeping track of such donations was becoming cumbersome and the
issue was brought to the notice of Finance Department officials by the Chief
Minister’s Principal Secretary.
That is when
the department directed the Endowments Department to install two hundis so that
those visiting the Chief Minister could drop their donations in the container
to ensure safe custody of valuables and cash, and to prevent any one from
tampering with the contributions, sources said. The Secretariat Employees’
Association welcomed the arrangement as it would be convenient for visitors to
deposit their contributions. Some suggested that taking a cue from the
employees, who were among the first to announce their contribution for the
capital fund, people’s representatives too should think of donating their
monthly emoluments for the cash-strapped State.
And here is a report
from the NewIndianExpress – the
government of cash-strapped Andhra Pradesh on Friday began holding a two-day
orientation programme for the legislators of the state Assembly at a five-star
hotel here to impart best parliamentary practices to them by spending around Rs
10 lakh. Interestingly, the first day session of the programme, which was aimed
at making the lawmakers know about the proceedings of the House, took place in
an ostentatious manner exactly a few days after the state government’s
directive for austerity measures to contain public expenditure. After
participating in the training classes, the MLAs were taken to a guided tour to
Falaknuma Palace, located in the old city of Hyderabad, in the evening. Later,
the legislators were entertained in the form of cultural programmes. Though
some of the members of the YSRC and MLCs of the Congress also took part in the
first day session, many of the lawmakers did not show much interest in the
speeches of the speakers, who include Andhra Pradesh Chief Minister N
Chandrababu Naidu and Union Parliamentary Affairs Minister M Venkaiah Naidu.
There are hundis in
every temple ~ when the collections go up (in Tamil Nadu), temples are taken
over by HR&CE – the offerings go to the Govt – has many layers of
administration and not all is spent for the purpose for which the offerings
made … ~ and now Govt installs hundi in
their official premises… !!!
With regards – S.
Sampathkumar.
20th July
2014
No comments:
Post a Comment