Andhra CM Chandrababu Naidu to announce measures to counter West Asia war impact

ET logo


Nidamarru: Andhra Pradesh Chief Minister N Chandrababu Naidu on Wednesday said the state government would unveil precautionary measures within two days to mitigate the impact of the West Asia conflict on the state.

Addressing a meeting at Nidamarru village in Guntur district, the Chief Minister said the government would make an announcement in the next two days on the steps aimed at safeguarding the state from the effects of the ongoing US-Iran war.

“Either tomorrow or the day after, we will also make an announcement on what preventive measures we have to take due to the effects of the war on the state,” said Naidu, on the sidelines of an event.

Also Read: West Asia crisis yet to impact inflation, but fuel prices pass-through to shape outlook: Report

Referring to the recent austerity appeal made by Prime Minister Narendra Modi, Naidu said people of the state must act responsibly and support efforts to strengthen the country’s economy.


Naidu also echoed the PM’s call, urging people to avoid unnecessary gold buying and foreign travel, and instead focus on economic self-reliance Highlighting Andhra’s gold production potential, he said the state plans to inaugurate a gold mine in Kurnool district in June, where up to “60 per cent of India’s gold reserves are located.” “When you import all the gold, foreign exchange will go out. If we can produce gold domestically, that problem can be reduced,” he said stressing the need for self-reliance and public cooperation.



Source link

Online Company Registration in India

Leave a Reply

Your email address will not be published. Required fields are marked *