The Andhra Pradesh Cabinet on Wednesday demanded that the Centre retain the name of Andhra BankNSE -1.54 %, in the wake of the move to merge it with Union Bank of India and Corporation BankNSE -1.14 %.
The cabinet passed a resolution in this regard as ministers denounced the move to erase Andhra Banks name through the merger.
The State Cabinet at its meeting held on Wednesday ratified the pre-closure of the Polavaram Hydro Electric Project (PHEP) contract that was awarded to Navayuga Engineering Company Limited (NECL) for nearly ₹3,217 crore and gave its nod for reverse tendering, a process which has already been set in motion in spite of objections by the Polavaram Project Authority (PPA).
The Cabinet also decided to recover the ₹780-crore mobilisation advance paid to NECL.
![Prof K Nageshwar: 100 Days of YS Jagan's Rule [HD] (Video)](https://secure.gravatar.com/avatar/a529f8b3731b5abf1f9994aa34434368?s=100&d=mm&r=g "Prof K Nageshwar: 100 Days of YS Jagan's Rule [HD] (Video)"){kind=avatar}
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
![Prof K Nageshwar: 100 Days of YS Jagan's Rule [HD] (Video)](https://i0.wp.com/www.socialnews.xyz/wp-content/uploads/2019/09/05/maxresdefault-116.jpg?w=180&quality=80&zoom=1&ssl=1 "Prof K Nageshwar: 100 Days of YS Jagan's Rule [HD] (Video)")
The Andhra Pradesh Cabinet on Wednesday demanded that the Centre retain the name of Andhra BankNSE -1.54 %, in the wake of the move to merge it with Union Bank of India and Corporation BankNSE -1.14 %. The cabinet passed a resolution in this regard as ministers denounced the move to erase Andhra Banks name through the merger. The State Cabinet at its meeting held on Wednesday ratified the pre-closure of the Polavaram Hydro Electric Project (PHEP) contract that was awarded to Navayuga Engineering Company Limited (NECL) for nearly ₹3,217 crore and gave its nod for reverse tendering, a process which has already been set in motion in spite of objections by the Polavaram Project Authority (PPA). The Cabinet also decided to recover the ₹780-crore mobilisation advance paid to NECL.