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.

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coastaldigest.com news network
June 30,2020

Udupi, Jun 30: The novel coronavirus has claimed another life in the coastal district. The throat swabs of a 48-year-old man who breathed his last two days ago tested positive today. 

With this, the covid-19 death toll in the district rose to 3.

The man, who was a native of Kalthodu in Byndoor, had returned from Mumbai on June 2. He breathed his last on June 28 at his residence. 

The deceased’s swabs were collected on the same day. The report came today. He was reportedly suffering from some illnesses.

The funeral of the deceased was held as per protocol. The swab samples of primary contacts of the deceased were also taken.

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News Network
February 22,2020

Bengaluru, Feb 22: Karnataka legislative assembly speaker Vishweshwar Hegde Kageri has issued a notification banning entry of journalists in the Legislators House.

"Electronic media and print media cannot enter the Legislators House any time," the notification issued by the Speaker's office read.

The notification which was issued on February 18 said, "The legislators come to Legislators House from their constituencies during the assembly session. It is their private time when they stay there. When journalists come to Legislators House to meet them, it's an invasion of their privacy."

"Arrangements will be made for journalists to speak to MLAs outside the gate. No journalist or camera person will be allowed inside the gate," the notification added.

The Legislators House is located near the Vidhan Soudha, the state legislative assembly.

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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.

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