Telangana Affairs
Rs 16,000 crore spent in past 8 years on municipalities, says KT Rama Rao
Claiming that government was according top priority for creation of Infrastructure in municipalities in the past few years, municipal administration minister KT Rama Rao said the government had spent 16,000 crore on developmental works in all the 141 municipalities in the last eight years.
He said the governmment was also giving priority for bringing reforms in the administration. “The Centre cannot afford to ignore the development ushered in by the State Government in towns and villages regardless of political affiliations.
The minister said that a comprehensive report will be distributed to all MLAs, MLCs and MPs during the next assembly session and municipal officers to let them know how the state government was trying to develop towns.
National and International Affairs
Indiawas among the top five markets, globally, in terms of equity fundraising despite the quantum of funds raised declining by 43 per cent. According to a report byKotak Investment Banking, funds to the tune of $16.4 billion were transacted via equity capital market (ECM) activity in India in 2022.
Indias outperformance comes on the back of a sharper decline in ECM activity in major markets such as theUnited Kingdom,Australiaand<a href="https://currentaffairs.adda247.com/india-and-japan-to-conduct-joint-exercise-to-strengthen-cooperation-in-air-DEFENCE/”>Japan. ECM activity globally took a hit on account of heightened volatility amid rising interest rates.