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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coastaldigest.com news network
May 4,2020

Chikkamagaluru, May 4: KSRTC resumed its service from Chikkamagaluru district headquarters to taluk centres amidst the lockdown to contain COVID-19 on Monday. Chikkamagaluru is in the green zone.

Hundreds of passengers travelled to Sringeri, Mudigere, Koppa and Kadur taluks since morning from the Chikkamagaluru city.

According to KSRTC Divisional Controller, passengers who wish to travel to taluk centres have to register half an hour prior to the journey. 

Sanitisers were placed in the bus stand in Chikkamagaluru to sanitise hands before boarding the buses.

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News Network
May 3,2020

Bengaluru, May 3: Undergraduate and postgraduate students skipping online classes held by their universities run the risk of being debarred from writing their exams. 

State universities, which are monitoring the attendance of online classes, are asking their affiliate colleges to send the monthly online attendance details and this would reflect in their regular attendance. This would apply to those studying professional courses like medicine and engineering. 

State medical education minister Dr K Sudhakar has asked all medical colleges to regularly send attendance details to the Rajiv Gandhi University of Health Sciences (RGUHS).

RGUHS vice-chancellor Dr Sachidanand confirmed to DH that the varsity is indeed monitoring the attendance of students. “Online classes are equal to classroom teaching. (Such method of conducting classes) are necessary during the Covid-19 pandemic and the nationwide lockdown,” he said.

According to the Supreme Court directions, students should have 75% attendance to be eligible to appear for the final exams. There could be relaxations if they have health issues. If students are bunking online classes, it would reflect on their minimum attendance necessary to appear for the exams, the vice-chancellors of state-run varsities said.

Bangalore University vice-chancellor Prof K R Venugopal said most of the students are attending online classes and teachers are messaging the parents of those who are irregular. “(Of course) if they fall short of the minimum attendance, they won’t be allowed to appear for the exams,” he said.

Bengaluru North University vice-chancellor Prof T D Kemparaju said the administration has asked its teachers to record details of students attending online classes and update the university.

Mixed signals 

Meanwhile, the University Grants Commission (UGC) on Wednesday issued guidelines directing all universities to treat the lockdown period as “deemed as attended” for students and research scholars. Experts pointed out that the order would prompt students not to take the online classes seriously.

“Arrangements have been made at the state varsities to make students attend online classes compulsorily and students are also serious about it. Now, because of the UGC guidelines, they may bunk classes,” said the vice-chancellor of a state-run university.

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News Network
April 18,2020

Mangaluru, Apr 18: Mangaluru Police have registered a case against two foreign nationals, who were under home quarantine in Kodailbail, for allegedly spitting in the lift of their apartment building on Friday.

The two men, along with three of their roommates, have now been sent to a quarantine facility.

The residents of the residential complex have mentioned in their complaint that they have the CCTV footage of the two spitting in the lift.
Further investigation in the case is underway.

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