CRISIL

The Municipal Administration and Urban Development (MAUD) Department has enhanced the monthly pension to the landless poor in the Andhra Pradesh Capital Region Development Authority (APCRDA) region to ₹5,000 from ₹2,500, with effect from February 2024 and payable from March 1, 2024 onwards. Based on the recommendations made by the CRDA Commissioner, the Andhra Pradesh government has increased the pension amount.

Pension for landless poor in Amaravati region in Andhra Pradesh doubled

The Andhra Pradesh Capital Region Development Authority (APCRDA) has taken decisive action against illegal layouts in Pamarru village, emphasising the need for proper authorisation. APCRDA Commissioner Vivek Yadav directed officials to remove roads and survey stones from layouts that were established without government permission on agricultural lands.The government has faced difficulties due to unauthorised road construction and the sale of plots without official approval, prompting measures to halt premature development in the Vencher region

APCRDA cracks down on encroachers in Pamarru

The state has a weak economic structure with lower-than-average share of the secondary sector and higher share of the primary sector, as this has an adverse impact on the tax to GSDP ratio as the secondary and tertiary sectors have higher tax potential’. 


In fiscal 2023, overall revenue rose 2.5% year-on-year because of growth in collection of goods and services tax (GST). Revenue expenses increased 26% and 16% in fiscals 2023 and 2022, respectively, over the previous fiscals. Hence, revenue deficit to revenue receipts increased to 28% in fiscal 2023 from 4% in fiscal 2022. Lower revenue deficit in fiscal 2022 was supported by GST compensation cess and loans from the center. 

There were delays in the interest payments by the issuer and there is also non adherence to the T-structure payment mechanism. 

Mr. Vivek Yadav, IAS 

The APCRDA Bonds benefit from the unconditional and irrevocable guarantee from the Government of Andhra Pradesh (GoAP) for both interest and principal obligation. 

The payment structure mandates the presence of a two-quarter upfront Debt Service Reserve Account (DSRA) as a liquidity cushion, and 1.5x forthcoming debt obligation in the Bond Servicing Account (BSA), which lowers the risk of any delay in receipt of payment from the state government. While APCRDA had sufficient funds for the upcoming debt obligation on November 16, 2023, the DSRA and BSA balances did not adhere to the T-structure payment mechanism. 


10.32%Andhra Pradesh Capital Region Development Authority 16 Aug 2024

ISIN:

INE01E708016

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Andhra Pradesh Capital Region Development Authority

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Pension for landless poor in Amaravati region in Andhra Pradesh doubled

APCRDA cracks down on encroachers in Pamarru

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