AP FiberNet Limited (APSFL) was misused by the previous YSRCP government, bringing it to the brink of collapse through numerous irregularities, said the organisation's Chairman, GV Reddy.
Speaking to the media on Thursday, he assured that all efforts would be made to revive APSFL and put it back on the path of development.
Reddy revealed that a vigilance inquiry into the irregularities is underway and that action would be initiated based on its findings.
Sharing details of the alleged misuse, he stated that APSFL had 10 lakh cable connections in 2019, which declined to 5 lakh by 2024.
"This reflects the state of affairs during the YSRCP regime," he said, adding that APSFL is now burdened with a debt of ₹1,262 crore.
"The FiberNet programme provided internet connectivity to rural areas during the TDP regime from 2014 to 2019. However, in the subsequent five years, instead of increasing, the number of connections declined," he said.
This story is from the December 20, 2024 edition of The New Indian Express Vijayawada.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 20, 2024 edition of The New Indian Express Vijayawada.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
BFI Adopts New Weight Classes
The Boxing Federation of India (BFI) is conducting the men's national championships here in 10 weight categories, in line with the classification introduced by the breakaway World Boxing.
SA20: Skipper Markram aims a threepeat with Sunrisers Eastern Cape
FRESH from playing a key role in helping South Africa qualify for the third edition of the World Test Championship, Aiden Markram has set his sights on a threepeat with Sunrisers Eastern Cape in the SA20.
Janssen-sational: TN Dragons pip Team Gonasika
JIP JANSSEN slammed a hat-trick to steer Tamil Nadu Dragons to a tight 6-5 win over Team Gonasika in a high-scoring Hockey India League (HIL) clash here on Wednesday.
Malaysia Open: Prannoy, Sat-Chi Enter Round of 16
HS Prannoy's match, his first since the Paris Olympics, was halted by rain on Tuesday.
Selective application undermines credibility of sports governance
PT Usha and sports ministry are at loggerheads over the Indian Golf Union recognition.
Newcastle FC put one foot in League Cup final
NEWCASTLE took a giant stride towards the League Cup final as goals from Alexander Isak and Anthony Gordon earned a 2-0 semifinal, first leg lead at Arsenal on Tuesday.
SC Agrees to Hear Online Gaming Cos' Plea
The Supreme Court on Wednesday agreed to hear petitions by online gaming companies seeking a stay on GST demands and related proceedings.
FinMin shifts newly-appointed revenue secy ahead of budget
In a surprise move ahead of the Union Budget, the government has shifted recently-appointed revenue secretary Arunish Chawla to the Department of Investment and Public Asset Management (DIPAM), and has appointed the DIPAM Secretary Tuhin Kanta Pandey as the revenue secretary.
Govt revises Nov gold import figs
Downward revision by $5 billion may result in lower trade deficit for the reported month
Sebi Warns Ola Electric Over Lapses in Disclosure Norms
MARKETS regulator Sebi on Wednesday issued an administrative warning to electric two-wheeler maker Ola Electric Mobility for violating disclosure norms.
