A mini airport may come up in Kasaragod

coastaldigest.com news network
March 24, 2018

The Kasaragod Zilla Panchayat of Kerala has proposed construction of a mini-airport or airstrip to accelerate the growth of tourism industry in the coastal district.

The plan is to float a company modelled on the Cochin International Airport Ltd (CIAL) in Kasaragod and facilitate operation of small aircraft.

This was among the highlights of the budget presented by Zilla Panchayat vice president Shantamma Philip on Thursday.

The development comes in the wake of Union government's proposal to start mini-airports for intra-district connectivity in Kasaragod, Kozhikode, Wayanad, Palakkad, Kochi, Idukki and Thiruvanathapuram.

The Zilla Panchayat will take the initiative to set up the mini-airport once the State government gave the green signal and support for the project. The airstrip will help improve connectivity and tap the tourism potential of the district by linking it with major cities.

The local body has identified 75 acres at Periye to start work by mopping up a working capital of Rs. 30 crore by soliciting support from Non-Resident Keralites, district panchayat president A.G.C. Basheer said.

However, the Opposition CPI(M) has termed the move impractical. The party said the proposal was rejected by the CIAL citing lack of feasibility, Zilla Panchayat member and CPI(M) leader V.P.P. Mustaffa said.

In fact a mini-airstrip at Periye was mooted around six years ago with a view to promoting Bekal Fort as a global tourism destination. The airstrip project was then aimed to link Mangaluru and other Kerala airports to help the tourists skip the narrow and bumpy roads to have easy access to Bekal.

Comments

ALTAF
 - 
Wednesday, 28 Mar 2018

We Kasaragodians required basic facilities such as 4 track highway, street lights, good local roads, drinking waters.  Not a airport in near future.

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 1,2020

Mangaluru, Jun 1: A youth was hacked to death and two others suffered critical injuries following a fight between two gangs at Yekkaru Devaragudde near Kateel under the limits of Bajpe police station last night.

The deceased has been identified as Keertan (20), a resident of Marakada. The injured are Nitin (20) and Manesh (20). It is learnt that old animosity led to the attack and murder.

According to sources, members of both gangs were friends in the past. They had become enemies of each other following a fight regarding sand mining.

Sources said that Keertan, Nitin, and Manesh had reportedly invited their rival gang to Devaragudde for some discussion. A verbal friction arose between the two gangs and it culminated in the attack by the rival gang members with daggers. Keertan reportedly died on the sport. The other two were taken to hospital.

The accused fled the scene soon after committing the crime. A case has been registered at Bajpe police station. A manhunt has been launched to nab the accused.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 9,2020

Mangaluru, May 9: Dakshina Kannada District Collector Sindhu B Roopesh on Friday held a meeting to discuss the precautionary measures to be taken to prevent the spread of COVID-19 and the current situation in the district.

The meeting was attended by Member of Parliament and Karnakata BJP unit chief Nalin Kumar Kateel, Minister-in-charge of Dakshina Kannada Kota Srinivasa Poojary, MLA Vedavas Kamath and District Medical Officer Dr Ramachandra Bauri among others were present there.

Top officials of the police department, labour department officials and other concerned persons were also present in the meeting.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.