Wednesday, April 29, 2020

APGLI Department Sanction an amount of Rs.1.50 Crores towards the expenses in regard to the establishment of APGICL

APGLI Department Sanction an amount of Rs.1.50 Crores towards the expenses in regard to the establishment of APGICL/APGLI Department Sanction an amount of Rs.1.50 Crores towards the expenses in regard to the establishment of Andhra Pradesh General Insurance Corporation Limited (APGICL) as per G.O.RT.No. 1252
AP Public Services APGLI Department Sanction an amount of Rs.1.50 Crores (Rupees one crore and fifty lakhs only) as Additional Budget in the year 2019- 2020
Administrative Sanction Orders Issued as per G.O.RT.No. 1252 Dated: 29-04-2020.



APGLI Department Sanction an amount of Rs.1.50 Crores towards the expenses in regard to the establishment of APGICL


In the reference 1st read above, the Director of Insurance has requested to create
a new Head of Account and sanction additional budget for an amount of Rs.
1,50,00,000/- (Rupees One Crore Fifty Lakhs only) under the relevant Head of
Accounts, towards the expenses in regard to the establishment of Andhra Pradesh
General Insurance Corporation Limited (APGICL)

In the reference 2nd read above, a Budget Release Order was issued for an
amount of Rs.1,50,00,000 /- (Rupees One crore fifty lakhs only) as additional funds, in relaxation of treasury control and quarterly regulation orders, pending provision of funds by obtaining supplementary grants at an appropriate time during the current financial year 2019-20 under relevant Head of Accounts towards the expenses in regard to the establishment of Andhra Pradesh General Insurance Corporation Limited (APGICL)

Government After careful examination hereby accord administrative sanction for
an amount of Rs.1,50,00,000 /- (Rupees One crore fifty lakhs only) as additional funds
during the current financial year 2019-20 towards the expenses in regard to establishment of Andhra Pradesh General Insurance Company (APGIC) under the following Head of Accounts.

The Director of Insurance, A.P., Ibrahimpatnam shall take necessary action
accordingly.



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