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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
February 23,2020

Bengaluru, Feb 23: Union Minister of Chemicals and Fertilizers DV Sadananda Gowda on Sunday said that several "anti-national organisations" were misusing the platform of anti-CAA protests.

"We have taken serious note of it and have started an investigation. Several anti-national organisations are misusing the platform of anti-CAA protests and many people are trying to take political advantage of this situation," he told the media on Sunday.

Gowda said that the government is "very serious" about the issue. "We are already working towards this. Both the state and Centre are together investigating into this," he said and added, "We will ensure that we cut this and will not allow this to grow. We will investigate the organisers of the event as well."

"If you are inviting such people (alleged anti-national elements), it means that you either know about it or that you are indirectly encouraging such things. In such situations, the organisers too will be acted upon," he stressed.

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News Network
May 29,2020

New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.

"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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News Network
February 18,2020

Kasaragod, Feb 18: Police have seized counterfeit notes of Rs 45 lakh from a resident here on Tuesday.

The accused Muhammed, a native of Perla, has been taken into custody for carrying the prohibited currency and the police is investigating the crime.

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