Mangalore Airport to get 'international' tag by year end: Moily

March 13, 2011

MLY

Mangalore, March 13: Expressing confidence that Mangalore Airport will get 'international' tag before December this year, Union Minister for Law and Justice M Veerappa Moily said that the number of passengers at the only airport of coastal Karnataka has been increasing with every passing year.

He was speaking after inaugurating the Diamond Jubilee Celebrations of Mangalore Airport organized under auspices of Kanara Chamber of Commerce and Industry at St Aloysius High School Auditorium here on Sunday.

“Mangalore airport should get the international airport status by year end provided the required infrastructure is put in place by that time”, Mr Moily said assuring his support for making that happen in terms of infrastructure.

He said more than 1.77 lakh passengers had travelled in the year 2005 using Mangalore Airport whereas this year the number of passengers increased to 8.5 lakhs. Among them 50 per cent are foreign nationals and hence, the Airport needed to be declared international one, he asserted.

He also said the runway can be extended to 13,000 sq feet provided the valley could be filled with earth. 250 acres of land has already been acquired for the purpose, he said.

The minister also supported the demand for the airport to be named after Ullal Srinivas Mallya, the architect of Dakshina Kannada. “Let the state government pass a resolution to this effect and send it to the centre. I will follow up at my end,'' he assured.

Regretting over the non-cooperation of 'intellectual people' of Mangalore for the development of the region Mr Moily said: “We should always think of the people, the next generation and the youth. Therefore, people should cooperate with the government to build the future as well as a mighty country.”

During 90's the undivided South Kanara was sixth potentially industrial district in the state and there was Rs 8000 crore investment. However, he said, things have been changed and people started to resist the 'progress' in the recent days.

He opined that until people's mindset is changed over progress, there would be no infrastructure development in the district. “Face the challenges which take you forward. Sacrifice and dedicate for the development of the country,” he added.

He exhorted the people to be educated and enlightened in the matter of development.

Mangalore MP Nalin Kumar Kateel, who was the chief gust, said that the efforts are on to get international status for Mangalore Airport and to be named it after Mallya. He also said people of coastal region are not against the development but they protest against the 'deception' of the companies which had promised the surety for lives of the people while acquiring their lands.

Deputy Speaker of Karnataka Legislative Assembly N Yogish Bhat said that the resolution to name airport after Mallya will be tabled in the cabinet after the current session. He said Rs 35 crore was estimated for land acquisition to extend the Bajpe airport runway and Rs 15 crore has been announced in the budget.

MR Vasudeva, Director of Mangalore Airport, said in 2002 when he appointed as Director there was Rs 4 crore revenue and Rs 6.5 crore expenditure. However it has gone up to Rs 36 crores revenue and Rs 30 crores expenditure in this year. In future, he said, looking forward for Rs 40 crore revenue plus Rs 6 crores profit in the Airport.


Earlier, KCCI Chairman GG Mohandas Prabhu submitted a memorandum demanding extension of the runway from the present 8,000 metres to 11,000 metres so that even jumbo aircraft can land and take off, international tag for Mangalore Airport, launch of air cargo complex (converting the erstwhile terminal building into cargo complex), and naming the airport after the late Mallya, the visionary of the region who was instrumental in getting the airport to Mangalore.

MLA Ramanath Rai, Corporation Bank Chairman and General Manager Ramanath Pradeep, Coordinator of Diamond Jubilee Celebration Committee K Thejomaya were also present.

Vice President of KCCI Latha R Kini compered the programme.

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News Network
July 26,2020

Bengaluru, Jul 26: Today, one of the Co-founders of Infosys, SD Shibulal announced that over the last three days (22nd - 24th July) his family members have sold a portion of (representing approximately 0.20 per cent of the paid-up equity share capital) their holding in Infosys Ltd on the stock exchanges.

Proceeds from the partial stake monetization will be utilized for a combination of philanthropic and investment activities.

The sale was executed by Citigroup Global Markets India Private Limited as the Sole Broker.

The Founders, have served Infosys in various capacities, since its inception in 1981 until October 2014. Over the three decades, the Founders have nurtured the company transforming it into one of the professionally run companies in India with a global presence.

This press release is for information purposes only and is not an offer to sell, or a solicitation of an offer to buy, any of the shares described herein. The shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or in any state or other jurisdiction of the United States.

Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the US Securities Act. 

There has not been and there will not be any public offering of the shares in the United States.

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News Network
March 5,2020

Mar 5: The Karnataka government on Thursday proposed to increase rate of tax on petrol and diesel by three per cent which would make the fuel dearer by Rs 1.60 and Rs 1.59 per litre, respectively.

Presenting the 2020-21 budget in the Legislative Assembly, Chief Minister B S Yediyurappa proposed to increase rate of tax on petrol from 32 per cent to 35 per cent and diesel from 21 per cent to 24 per cent, as part of additional resource mobilisation measures.

Yediyurappa, who also holds the finance portfolio, increased excise duty on Indian Made Liquor (KML) across 18 slabs by six per cent.

However, to promote affordable housing, the government proposed to reduce stamp duty on first time registration of new apartments/flats costing less than Rs 20 lakh from existing five per cent to two per cent.

This is the first budget of the BJP government after coming to power last year; it's the seventh presented by Yediyurappa.

"For the year 2020-21, a total amount of Rs 55,732 crore is provided for stimulating economic growth sector", the Chief Minister said.

He said the revenue collection target for the Commercial Taxes department for the year 2020-21 is fixed at Rs 82,443 crore.

Stating the government had fixed a revenue target of Rs 20,950 crore for the excise department for the year 2019- 20, he said at the end of February Rs 19,701 crore had been collected.

"We hope to achieve the budget target."

He also hoped with the increase in rates and effective enforcement and regulatory measures, the Excise department would be achieving the target of Rs 22,700 crore fixed for the financial year 2020-21.

On the transport sector, Yediyurappa said it is proposed to levy motor vehicle tax on contract carriages having seating capacity to carry more than 12 passengers, but not more than 20 passengers at the rate of Rs 900 per seat per quarter.

He said it is also proposed to levy vehicle tax on new model sleeper coaches which are granted permits under section 88 (9) of MV Act 1988 at the rate of Rs 4,000 per sleeper per quarter.

Noting that a target of Rs 7,100 crore revenue collection is expected to be achieved in 2019-20 in transport sector, he said for 2020-21 revenue collection target has been fixed at Rs 7,115 crore.

He said the revenue collection target for 2019-20 under stamps and registration was fixed at Rs 11,828 crore and against this Rs 10,248 crore has been collected till the end of February 2020 which is 87 per cent of full year target.

While the revenue collection target for 2020-21 under stamps and registration is fixed at Rs 12,655 crore.

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July 28,2020

Mangaluru, July 28: In an unexpected development, the government of Karnataka has transferred Dakshina Kannada Deputy Commissioner Sindhu B Rupesh.

The development comes days after the IAS officer warned of legal action against those attacking cattle traders in the region.

Another IAS officer Dr Rajendra K V who was the CEO of Belagavi Zilla Panchayat, has been transferred and posted as the new Deputy Commissioner of Dakshina Kannada.

Dr Rajendra is a medical doctor graduated from Bapuji Medical College, Davangere. He had secured the 32nd rank in the civil services examination in 2013.

Sindhu B Rupesh had taken over as DK DC in September 2019.  Now, she is posted as the director, electronic delivery citizen services (EDCS), DP & AR (e governance) Bengaluru.

Also Read: Death threat against DK DC Sindhu B Rupesh after she warns against attack on cattle traders

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