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Udupi City Municipal Council presents surplus budget

[email protected] (CD Network)
March 28, 2011

Udupi, March 28: President of Udupi City Municipal Council Kiran Kumar on Monday presented a Rs 183.76 lakh surplus budget for Udupi city for the year 2011-12.

The budget showed an initial balance of Rs 1036.01 lakh, expected an income of Rs 7016.85 lakh and proposed an expenditure of Rs 7869.10 lakh for the coming financial year.

In the budget proposal Kiran Kumar announced to acquire land in the Parkala town, a bottleneck on the Malpe-Monakalmooru state highway, for widening the road. Acquisition has already been proposed and an amount of Rs 3 crore from the CM's Small and Medium Towns' Development Progamme had been earmarked.

He said that the land acquisition process for widening the road at Diana Circle was at the verge of completion and the Circle would be developed soon after that. Likewise, Rs 13 crores had been deposited with the land acquisition officer, to acquire land for widening the stretch between Tangadagadi-Kalsanka. Once the land acquisition was complete, a 60 feet road would be developed spending Rs 6 crores from the state government's special grant.

An Open Air Theater will be constructed at the erstwhile Municipal dumping yard, at Beedinagudde. For the purpose, a Rs 6 crore project had been prepared. The works of the first stage will be taken up by Rs 2.50 crore from the CM's Small and Medium Towns' Development Progamme and Rs 1 crore from the state government's special grant.

Other proposals of the budget included modernization of Town Hall at Ajjarkad, at a cost of Rs 4 crores (2 crores each from the CM's SMTDP and special grant), rejuvenating the municipal crematorium at Malpe, dividing Udupi city in to 10 zones for the effective collection of solid waste from the door steps, upgrading technology to manage solid waste at the Muncipal Solid Waste Recycling Plant, at Karvalu, in a better way, construction of over head tanks at Manipal to supply water to some of the areas with enough force. Rs 6 crore has been reserved for the construction Malpe-Padukar bridge, Rs 1 crore has also been earmarked for the smooth functioning of traffic system in Udupi.

Speaking at the Budget session of the CMC Udupi MLA Raghupathi Bhat said that the water management system has been appreciated by the state government and has also been nominated for the national award. CMC Vice President Bharathi Chandrashekhar, Commissioner Gokuldas Nayak and others were present.

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coastaldigest.com news network
May 20,2020

Mangaluru, May 20: In a gut-wrenching tragedy, a Class 10 student who was preparing for the final examinations drowned in Adyapady dam on the outskirts of the city yesterday.

The victim is Mallik, 17, a resident of Mulur village in Gurpur. The tragedy occurred when Mallik along with some others had come to the dam to catch fish.

According to the police, he accidentally slipped into the waters and drowned. His body was recovered later. 

Jurisdictional Bajpe police have registered a case of unnatural death and investigations are underway.

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News Network
April 14,2020

Bengaluru, Apr 14: Karnataka Labour Department has issued an order instructing public and private establishments not to cut salaries or lay off employees during the lockdown imposed to counter Coronavirus.

In view of Covid-19, there may be incidents where services of employees or workers may be dispensed with on the pretext of the disease or employees may be forced to go on leave without pay, the Ministry of Labour and Employment said.

Legal action will be initiated if any establishment violates this advisory, Labour Department Secretary P Manivannan said in a statement issued here on Tuesday.

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News Network
May 29,2020

New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.

"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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