Live
- 35 miners trapped under rubble in Afghanistan
- Lavanya Tripathi's Birthday Gift: Title Announcement of Her New Film ‘Sathi Leelavathi’
- Kerala Hindu leader gifts Rig Veda to Pope Francis
- OakTree School Celebrates Eight Years of Success, Announces Future Expansion
- Why plant-based milks may not be healthy
- Jharkhand: Ayushman Bharat cards in demand, Sahebganj residents rush to the centre
- Supreme Court likely to pass directions on implementation of policy to curb air pollution in Delhi-NCR tomorrow
- The first day of Group-2 Paper 1, 2 exams in Wanaparthy district ended peacefully, said Additional Collector Revenue G. Venkateswarlu
- VP Dhankhar urges corporates to invest in education
- Punjab DGP, MHA official request farmer leader Dallewal to end 20-day fast
Vijayawada: Industrial Policy not for weaker sections says APCC president S Sailajanath
APCC president S Sailajanath
Andhra Pradesh Congress Committee (APCC) came down heavily on the New Industrial Policy announced by the YSRCP government stating that it was not at all helpful to the downtrodden sections of the society
Vijayawada: Andhra Pradesh Congress Committee (APCC) came down heavily on the New Industrial Policy announced by the YSRCP government stating that it was not at all helpful to the downtrodden sections of the society.
APCC president S Sailajanath said in a statement here on Tuesday that the Jagan government which came to power with the support of SC, ST and BC communities did nothing for their welfare. Moreover, the new policy cuts down the concessions enjoyed by them all these years.
The new policy which claims to giving priority to issues like employment, equal development of all regions, environment-friendly, competing with the national average development would actually result in loss of jobs, lifting of employment dole, regional difference in the name of decentralisation.
Moreover, there was no incentive in the policy for 75 per cent jobs for local people.
Successive governments used to give 50 per cent subsidy on the land costs to the SC,ST, BC and minorities if they start industries but there is no such subsidy in the new policy, he said.
The new policy had also cut down the investment incentives from 35 per cent to 15 per cent and the 45 per cent subsidy for women entrepreneurs was reduced to 35 per cent that too would be given after three years. "The incentives are necessary for the industry in the early years not in the later years," he pointed out.
