
The Andhra Pradesh Cabinet on Friday deferred taking a decision on Chief Minister Jagan Mohan Reddy’s proposed three-capital formula, and decided to set up a committee to examine the recommendations of an expert panel that had proposed it and the report of an international consultancy firm, PTI reported.
State minister Perni Venkatramaiah told ANI that the state Cabinet would decide on the proposal after Boston Consultancy Group submits its report. It is expected to be handed over to the state government on January 3.
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