Telangana Chief Minister Revanth Reddy announced the rejection of ₹1 billion ($ 1,18,62,400) pledged by the Adani Foundation for the Young India Skills University. The decision, revealed during a press conference on Friday, was aimed at avoiding potential controversies linked to favouritism or political bias.&nbsp;

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The Young India Skills University, an ambitious initiative by the Telangana government, aims to provide vocational training and skill development for youth. Despite declining the significant commitment from the Adani Foundation, the state remains determined to secure alternative funding sources for the project.&nbsp;

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Official communication with Adani foundation

A formal letter from state official Jayesh Ranjan to Dr. Priti Adani, chairperson of the Adani Foundation, acknowledged the pledge but confirmed the rejection. The letter stated, “We have so far not asked any donors for physical transfer of funds since the university had not received IT exemption under Section 80G. Though this exemption order has now come recently, I have been instructed by the Hon'ble Chief Minister not to seek transfer of funds in view of the present circumstances and arising controversies.”&nbsp;

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Chief Minister Reddy reiterated that no financial contributions from any organisation, including the Adani Group, had been accepted for the university as the institution had not yet received its Income Tax exemption under Section 80G. While the IT exemption has now been granted, the government’s decision reflects its commitment to transparency and safeguarding its image.&nbsp;

(With inputs from agencies)

Telangana Chief Minister Revanth Reddy announced the rejection of ₹1 billion ($ 1,18,62,400) pledged by the Adani Foundation for the Young India Skills University.

Telangana Chief Minister Revanth Reddy announced the rejection of ₹1 billion ($ 1,18,62,400) pledged by the Adani Foundation for the Young India Skills University. The decision, revealed during a press conference on Friday, was aimed at avoiding potential controversies linked to favouritism or political bias. Also read | India: Noida woman loses $40,000 after scammers send 'digital arrest' notice The Young India Skills University, an ambitious initiative by the Telangana government, aims to provide vocational training and skill development for youth. Despite declining the significant commitment from the Adani Foundation, the state remains determined to secure alternative funding sources for the project. Also read | SC rejects pleas challenging ‘socialist’ and ‘secular’ in Indian Constitution’s Preamble Official communication with Adani foundation A formal letter from state official Jayesh Ranjan to Dr. Priti Adani, chairperson of the Adani Foundation, acknowledged the pledge but confirmed the rejection. The letter stated, “We have so far not asked any donors for physical transfer of funds since the university had not received IT exemption under Section 80G. Though this exemption order has now come recently, I have been instructed by the Hon'ble Chief Minister not to seek transfer of funds in view of the present circumstances and arising controversies.” Also read | Indian Parliament Winter Session: Both Houses adjourned till Wed amid uproar by oppn over Adani case Chief Minister Reddy reiterated that no financial contributions from any organisation, including the Adani Group, had been accepted for the university as the institution had not yet received its Income Tax exemption under Section 80G. While the IT exemption has now been granted, the government’s decision reflects its commitment to transparency and safeguarding its image. (With inputs from agencies)

Telangana government declines $11.8 million Adani donation for Young India Skills University

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Telangana government declines $11.8 million Adani donation for Young India Skills University