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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
April 18,2020

Mangaluru, Apr 18: A case has been registered against a man for spreading communal hatred by sharing objectionable and sensitive posts on social media, Commissioner of Police Harsha said here on Saturday.

In Twitter Mr Harsha wrote, ” We have registered a case against a person claiming himself as Vishwa, Mangalore for making Statements promoting enmity and hatred between communities on social media with crime number 46/20 at the south police station under 505 IPC.”

He further warned, “We will not spare anyone trying to disturb communal harmony in the district.”

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News Network
March 12,2020

Bengaluru, Mar 12: Karnataka on Thursday confirmed another positive case of the deadly coronavirus, taking the total number of infected persons to five in the state.

According to a source from the State Health Department, the infected person, a 26-year-old patient had recently returned from Greece. He is currently under observation in an isolation ward in a city hospital.

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coastaldigest.com news network
May 19,2020

Bengaluru, May 19: Karnataka on Tuesday recorded the highest single-day rise in the COVID-19 cases in the state as a whooping 149 people tested positive for the virus. With the spike in new cases, the overall tally has risen to 1,395.

This is for the first time the state recorded 100 plus cases in a single day. So far, 40 people have also succumbed to the virus including three deaths today. 

The new deaths consist of a 61-year-old male patient, a resident of Ballari; a 65-year-old male patient, a resident of Vijayapura; and a 54-year-old male patient from Bengaluru.

Among the new cases, a maximum of 71 are reported from Mandya, followed by 22 in Davanagere, 10 in Shivamogga, 13 in Kalaburgi, six in Bengaluru Urban, four each in Udupi and Uttara Kannada, five in Chikkamagaluru, three in Hassan and one each in Yadagiri, Chitradurga, Vijayapura, Gadag.

Most of the new cases are of the people who traveled to Mumbai in Maharashtra, Solapur, Ahmedabad, and Kerala.

The remaining are those who came in contact with the people who had tested positive earlier.

At present, 811 people are actively taking treatment, while 543 have been discharged after recovery.

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