27 new cities including Mangaluru make it to Smart City list

[email protected] (CD Network)
September 20, 2016

Mangaluru, Sep 20: Mangaluru, Hubbali-Dharwad, Shivamogga and Tumkaru cites from south Indian state of Karnataka made it to the list of 27 Smart Cities that was announced on Tuesday.

1mangaluruPM Narendra Modi's Lok Sabha constituency Varanasi, Vadodara, Agra, Nagpur, Ajmer, Amritsar, Gwalior, Thane and Thanjavur are some of the other cities that have been named to be developed as smart cities. The 27 cities will require investment of Rs 66,883 crore.

So far, the urban development ministry has selected 60 cities in three rounds and has covered 27 states and Union Territories. Only nine more states and UTs are still to get on board including Uttarakhand and Jammu and Kashmir.

1smartcityA maximum of five cities from Maharashtra have found place in the list of new cities that was released by Union urban development minister M Venkaiah Naidu on Tuesday. Four cities, each from Tamil Nadu and Karnataka, have made it to the list followed by three from Uttar Pradesh and two each from Madhya Pradesh, Punjab and Rajasthan. One city each from Madhya Pradesh, Andhra Pradesh, Odisha, Gujarat, Sikkim and Nagaland has been selected in this round.

According to urban development ministry's estimate, Rs 1.44 lakh crore investment has been proposed by the 60 cities that have been selected so far under their smart city plans. Officials said that 82 projects are already under implementation in the first batch of 20 smart cities and another 113 projects will soon take off the ground. Naidu said in the next one year, one would get to see smart cities taking shape.

Under the Smart City mission, the Central government provides Rs 500 crore for each city over five years with states making matching contribution. The rest of resources will come from loans, public private partnership (PPP), convergence of various schemes of Central and state governments besides own resources of urban local bodies.

So the ministry has tied up multi-lateral lending from agencies DFID of UK and JICA, who have committed $ 500 million each. Similarly, ADB and World Bank have committed $ 1 billion. The New Development Bank (BRICS Bank) has proposed to provide finance for projects up to $ 500 million per city.

Comments

Shantipriya
 - 
Wednesday, 21 Sep 2016

We need SAFE CITIES before SMART CITIES. Accordingly, we need SAFE MANGALORE before SMART MANGALORE.

Once, the people feel and realise that MANGALORE is SAFE, then definitely Smart projects can follow.

Just projecting Smart Mangalore without SAFETY cannot be justified.

As somebody said, we need smart Ministers and smart government authorities to maintain the SAFETY and WELFARE of the MANGALOREAN people

True indian
 - 
Tuesday, 20 Sep 2016

People like viren kotian. Doesn't fit in the smart city. Send him to thailand again.

Rikaz
 - 
Tuesday, 20 Sep 2016

Its a great news for Mangaloreans.

Smarter
 - 
Tuesday, 20 Sep 2016

No need Smart cities , We need smart ministers who can take care of the problems of the society in a smarter way rather then fooling and lying to the society.

Bhageerata Bhaira
 - 
Tuesday, 20 Sep 2016

people of these so called smart cities will pay heavily in the form of tax. This govt is creating tax terrorism against common people and feeding the global tycoons.

Jahnavi
 - 
Tuesday, 20 Sep 2016

I read many articles about smart cities and finally came to a conclusion that i cant understand it fully.

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News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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News Network
June 9,2020

Bengaluru, Jun 9: A 42-year-old founding director of an engineering consultancy firm lost Rs 65,000 to online fraudsters who posed as representatives of a mobile service provider and lured him with the offer of a fancy number recently.

Asif (name changed) received a text message on May 19, informing him that a platinum number, 9099999999, was available and interested people could dial a mobile number to avail it.

“Asif, who runs a mechanical, electrical, plumbing (MEP) engineering consultancy near Shivajinagar, decided to get the fancy mobile number. He called the number and the receiver said they would generate an invoice for his request. After a fake invoice for Rs 64,900 was generated, Asif paid the money through online transaction that day. Asif waited for two weeks for the SIM card with the fancy number to reach him,” an officer said.

East CEN Crime police registered a case of cheating under section 420 of IPC and sections under the Information Technology Act after Asif lodged a complaint on June 6.

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News Network
March 1,2020

Udupi, Mar 1: Acting on credible information, Udupi district police arrested five persons and seized 1.35 kg of crude gold worth Rs 56.99 lakh from the possession of the accused, custom department said on Sunday.

A case has been registered against four people at Kundapur and one at Byndoor on charges of gold smuggling. The accused were transporting gold from Calicut to Bhatkal, informed Joannes George, joint Commissioner of Customs.

Off these five accused, four persons were held at Kundapur, while other at Byndoor on Saturday evening.

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