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Former A.P. CM Jagan was bribed by Adani, says indictment statement - The HINDU
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Aerodrome Finance: Unlocking Potential for Growth The world of aerodrome finance is pivotal for ensuring the efficient operation, enhancement, and expansion of aerodrome facilities globally. With the increasing demand for air travel, understanding aerodrome financial processes is more important than ever. [url=https://aerlifi.org/]Aerodrome Finance[/url] Why Aerodrome Finance Matters Aerodrome finance plays a critical role in the lifespan of airport projects, providing necessary funding from initial development to ongoing management. Here are key reasons why it matters: Infrastructure Development: Secure financial backing enables the construction and maintenance of essential airport infrastructure. Operational Efficiency: Adequate funding ensures that airports can operate smoothly, adapting to technological advancements and logistical demands. Economic Growth: Airports serve as economic hubs; their development stimulates job creation and boosts local economies. Aerodrome Finance Strategies Various strategies can be employed to optimize aerodrome finance, ensuring both immediate and long-term benefits. Here are a few notable approaches: Public-Private Partnerships (PPP) These partnerships combine public sector oversight and private sector efficiency, leading to shared risks and rewards. They facilitate diverse financial resources and innovative solutions for airport projects. Revenue Diversification Exploring non-aeronautical revenue streams, such as retail concessions and property leases, can significantly bolster an airport's financial resilience. Such diversification allows for a steady income flow independent of ticket sales. Sustainable Financing Adopting sustainable financial practices, including green bonds and ESG (Environmental, Social, and Governance) criteria, aligns with modern ecological standards and attracts environmentally conscious investors. -
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Former A.P. CM Jagan was bribed by Adani, says indictment statement - The HINDU
The indictment statement by the U.S. Securities and Exchange Commission (USSEC) has accused the Adani Group of bribing former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy among other officials. Updated - November 21, 2024 06:25 pm IST Former CM Y.S. Jagan Mohan Reddy interacting with Adani Group chairman Gautam Adani. File | Photo Credit: Special Arrangement The Power Supply Agreements (PSAs) by Andhra Pradesh’s electricity distribution companies are under scanner in the $265 million bribery case unearthed by the U.S. The indictment statement by the U.S. Securities and Exchange Commission (USSEC) has accused the Adani Group of bribing former Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy among other officials. The Adani group on Thursday (November 21, 2024) denied bribery allegations made by the U.S. DoJ and SEC. The group, in an official statement, termed the allegations as baseless and said the defendants are “presumed innocent until proven guilty”. “All possible legal recourse will be sought”, the conglomerate said, adding that the Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance. A U.S. court indicted Gautam Adani and seven others including his nephew Sagar and 3 other executives on charges of fraud and bribery. The case pertained to a deal between Adani Green Energy and a U.S. firm to sell 12 gigawatts of solar power to various states. The charges came on a day when the firm planned a green bond launch in the U.S. The Adani subsidiary eventually cancelled the sale. In a brief press conference, Congress leader Rahul Gandhi accused the Prime Minister Narendra Modi of protecting Mr. Adani. “PM Modi is involved in corruption with Adani. In India if Modi and Adani are together, they are safe, no one can harm them. We are demanding Mr. Adani’s arrest in India and also investigation against Madhabi Puri Buch from the position of SEBI chief,” Mr. Gandhi said. Adani’s stocks nosedived as reports of a possible arrest of one of India’s richest businessman looms large. The Congress, which has repeatedly sought a JPC probe into the “Adani Mega Scam” said it’s stand has been vindicated. https://www.thehindu.com/news/national/adani-charged-with-bribery-scheme-live-updates-adani-dollar-bonds-tumble/article68892464.ece
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