Development of tourism sector vital for progress of DK, Udupi'

[email protected] (CD Network)
April 5, 2016

Udupi, Apr 5: The development of the tourism sector not only has a huge potential but is also best suited for the progress of Udupi and Dakshina Kannada districts, according to Udupi Deputy Commissioner R Vishal.

tourimsSpeaking after inaugurating the workshop on “Development and Human Development in Coastal districts” organized by the Justice K.S. Hegde Institute of Management, here, he Dr Vishal said tourism generated employment and posed minimum harm to environment.

“It is essential to improve connectivity in both these districts (DK and Udupi) to promote tourism. This means the Shiradi Ghat road has to be developed properly and the national highways have to be improved. The existing relaxations in the Coastal Regulation Zone (CRZ) norms should be leveraged without any harm to the environment. The CRZ norms have to be scientifically implemented.

It is necessary to work on tourism packages as these districts have pristine beaches and famous temples. A tourist wants not only to visit temples but also to have some enjoyment. Hence, beaches such as Marvanthe, Trasi, Malpe, Kaup, Padubidri, were being developed in Udupi district.

Good beaches are real revenue generators. The district administration has taken various steps to keep Malpe beach clean. As a result, the revenue generated at the Malpe beach has gone up from Rs. 7 lakh to 10 lakh annualy to Rs. 1.12 crore annually in just a year. “Giving people better economic opportunities is essential,” he said.

Giving importance to tourism is essential as both Udupi and Dakshina Kannada districts are a remittance economy. The credit-deposit ratio of the banks is one of the lowest in the State because of remittance economy. The administration is making all efforts to bring senior citizens and children under the Aadhaar cover. This will help in providing direct cash benefits to the beneficiaries of various social welfare schemes, Dr. Vishal said.

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KhasaiKhaane
 - 
Tuesday, 5 Apr 2016

Tourism is one of those sectors that needs attention from not only the Government, but also the citizens of the nation.
Lack of civic sense is prevalent among our masses. Although some responsible citizens are doing a good job cleaning places, the Government should also be strict and impose heavy penalties for littering.

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February 13,2020

Mangaluru, Feb 13: The Customs Officers of Airport Team-II at Mangalore International Airport (MIA) on Thursday intercepted a passenger who attempted to smuggle gold worth Rs 9.39 lakhs.

The team led by Rajesh Poojary nabbed the passenger who attempted to smuggle 233.18 grams of gold strips concealed inside a rechargeable emergency light and solar sensor wall light.

The officials said a passenger named Mohammed Mahir Patla (24) from Kasaragod, who arrived from Dubai yesterday evening by Air India flight number IX384 attempted to smuggle the gold.

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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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February 16,2020

Uppinangady, Feb 16: Eleven people were injured, when a private bus in which they were travelling, toppled near Kodikal on Sunday, police said.

According to Police, more than 20 people were travelling in the bus towards Puttur from Sakleshpur when the mishap took place.

All the inmates were on their way to attend a wedding.

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