Karnataka appeals to European Investment Bank to fund state projects

News Network
January 12, 2019

Bengaluru, Jan 12: The Karnataka government has signed an agreement with European Investment Bank (EIB) under which the Bank will be funding 200 million euros for Bangalore Metro Rail Corporation Limited (BMRCL) for Phase-2 Reach-6 project from Nagawara to Gottigere in the City.

Thanking the EIB for funding the metro project, Deputy Chief Minister G Parameshwara said "I would like to reiterate our Chief Minister's request that EIB may consider funding other infrastructure and sustainability projects in the State."

Stating that this is the second tranche of the payment of 500 million Euros, Parameshwara said that the Asian Infrastructure Investment Bank (AIIB) has also agreed to lend 300 million Euros. In all, 800 million Euro will come for the project.

Karnataka Chief Minister H D Kumaraswamy, State Government top officials and EIB member Maria Shaw Barragan were present at the signing of the agreement, according to an official release here on Saturday.

Later, Dr Parameshwara addressing a delegation from Malaysia that they are welcome to extend financial and technical support to various City development projects. "We welcome all help and also assure all facilities needed."

He was speaking to a 11 member delegation headed by Malaysia MP and political leaders headed by Dato Seri Abrahim Seri during a meeting in which Mr Kumaraswamy was also present.

Dr Parameshwara said that the State is in forefront since 1980 in IT-BT and more than 80 per cent of IT & BT companies are located in Karnataka. The State is first in the country to come out with a separate Policy for Startups and recently the State has come out with a separate Bio Technology.

He also sought help from the delegation for the proposed Elevated Corridor project to be taken up in the State Capital Bengaluru to ease traffic congestion.

Comments

Sandeep Ullal
 - 
Saturday, 12 Jan 2019

What kind of fund. Is they investing as a partner or giving as loan

Mohan
 - 
Saturday, 12 Jan 2019

HDK doing great. Leave disagreement and small issues among cong-jds

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News Network
June 2,2020

Bengaluru, Jun 2:  With easing of COVID-19 lockdown curbs, the Karnataka excise department has accorded permission for fresh brewing or production of beer and to sell it in microbreweries as takeaways.

"Permission is hereby accorded to microbreweries for fresh brewing/production and sale of beer as takeaway in glass, ceramic or stainless steel container (up to 2 litre) till 30-06-2020, or until further orders, whichever is earlier," the Excise Commissioner in a letter dated June 1 to Deputy Excise Commissioners of all districts said.

The opening and closing hours of the microbreweries shall be from 9 am to 9 pm, it said, adding that all other conditions as laid down will remain unaltered.

Earlier, in a letter dated May 12, the Excise Commissioner had "conditionally" granted permission for microbreweries to sell their beer stock as takeaway on experimental basis for the period from May 14 to June 30 or until exhaustion of existing beer stock, whichever is earlier.

It had called for measures like social distancing, cleanliness, usage of masks and sanitizers, among others, and had said, microbreweries situated in containment zones are not allowed to function.

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News Network
June 27,2020

Bengaluru, Jun 27: Karnataka Chief Minister B S Yediyurappa on Saturday emphasised on giving a new dimension to the city by strengthening the infrastructure and improving various other sectors including health and housing.

He was speaking at the groundbreaking ceremony of the 108-feet-tall bronze statue of Kempe Gowda, the founder of Bengaluru, at the Kempegowda International Airport near here. The statue would be built at a cost of Rs 66 crore in one-and-half years.

Yediyurappa said Bengaluru has earned the fame of Garden City and Silicon Valley of India. Noting that the state capital was one of the fastest-growing cities in the world and internationally acclaimed hub of information technology and biotechnology, he said, "We need to give a new dimension to this city and strengthen the infrastructure. We have to focus on health, housing, pollution control, traffic management. Our government has taken various measures to develop the city," the chief minister said.

On Kempe Gowda, Yediyurappa said though the city did not have a perennial river, he built hundreds of lakes and interconnected them. His water management reflects on his foresightedness, he added.

"Kempambudhi, Dharmambudhi, Sampaniram and Halasuru lake are among the major lakes gifted to the people of Bengaluru. He had set up the markets called Chickpet, Akkipet, Balepet, Kumbarpet, are still the major trade hubs," Yediyurappa said.

Former Prime Minister H D Deve Gowda, Union Minister of State for Railways Suresh Angadi, deputy chief ministers Govind Karjol, Dr C N Ashwath Narayan, Laxman Savadi and many other ministers were present on the occasion. The event was organised on the 511th birth anniversary of Kempe Gowda. Kempe Gowda was a chieftain of Vijayanagara dynasty who founded Bengaluru around 550 years ago.

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coastaldigest.com news network
May 23,2020

Bengaluru, May 23: Karnataka reported 216 covid-19 positive cases in last 24 hours, marking the highest single day spike in the state ever since the first case was detected on 8 March. 187 of these 216 patients have recently returned from Maharashtra.

A 32-year old male resident of Bengaluru died on Saturday making it the 42nd fatality in the state.

The spike on Saturday takes the total number of covid-19 positive closer to the 2,000 mark and the number of active cases to 1,307 in the state, according to the daily health bulletin of the health department.

Yadgir in northern Karnataka recorded 72 cases on Saturday while Raichur recorded 40 cases. Cases in the sugarcane growing region of Mandya continued to rise as 28 people tested positive on Saturday that takes the total number of active cases to 211 as against Bengaluru that has 124.

Gadag registered 15 cases while Bengaluru recorded 4 cases.

Most of those who tested positive on Saturday had returned from other states, especially Maharashtra, one of the worst affected regions in the country.

The spike in cases comes even as the B.S.Yediyurappa-led state government is deliberating further easing of lockdown restrictions post 31 May. The state government has already resumed public bus and train services as well to facilitate inter-district movement of people that has added to fears of spreading the virus from cities to villages where healthcare infrastructure is poor and inadequate.

Karnataka will also see domestic flight arrivals from Monday.

In a statement on Saturday, Bengaluru International Airport said that it introduced ‘Parking-to-Boarding contactless’ journey.

“We have introduced innovative contactless procedures to minimise exposure at the Airport. These enhancements demonstrate our continued commitment to keep our passengers safe in this environment," said Hari Marar, managing director and chief executive of the airport said in a statement on Saturday.

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