Form a separate railway division for M'lore or include it in Mysore or Hubli division'

April 2, 2012
Mangalore, April 2: Realising that Mangalore Railway Station is facing several problems because of the apathy of the Palghat division, Member of Parliament Nalin Kumar has reiterated the voice of the majority of the people of forming a separate 'Mangalore Railway Division'.

“I have raised the issue and have been writing letters to the Ministry seeking for separate division but the Ministry has said that realising the same may not be possible now as there is paucity of funds.

Hence I have demanded for inclusion of Mangalore either in Mysore or in Hubli division,” said the MP adding that a movement will be started if nothing materialises in this regard.

Addressing the Railway meeting held under his presidentship, on Monday, Kateel took up some of the issues which have been carried forward over several meetings in the past and tried to give a push to the works

Long pending Padil-Bajal Railway Under Bridge (RUB) issue raked up heated discussions as the MCC and the Railway officials remained passing the buck at each other.

Despite holding several meetings in the past the issue has remained unresolved and on Monday as well, the MCC officials said that there were some confusions pertaining to the preparation of the estimation.

However clarifying the same, Palghat Divisional Senior Engineer Nallamuthu Manikyam said that since the initial proposal was to start the project on 50-50 stake between MCC and Railways, both the MCC and the Railway department have to make their own, separate estimates.

When the MP intervened, MCC Executive Engineer Rajashekar said that the MCC will prepare its estimate by Tuesday evening itself. Railways agreed to get the estimation ready in a week.

With regard to Jeppu-Mahakalipadpu under bridge, Rajashekar said that a sum of Rs 2.5 lakh was given to a surveying agency named 'rights' to conduct a survey and submit a report.

However, months have rolled down but the agency has not conducted the survey.

Responding to the same the MP said that a notice should be issued against the agency at the earliest and in case the agency fails to take up work within 15 days, then action should be initiated against the agency by the Municipal Commissioner.

Raising objection to the dominance of Malayalam, Nagarika Hitharakshana Vedike President Hanumanth Kamath said that though Mangalore is the last stop for Matsyagandha, the name board is written in English, Hindi and Malayalam.

There is no Kannada language. The train from Chatrapati Shivaji Terminal (Mumbai-Karwar) was extended till Mangalore and it was supposed to come to Mangalore Central. However in the IRTC Bhopal Meeting it was decided to take it to Mangalore Junction citing lack of space as the reason. Surprisingly, an inter-city train between Mangalore-Palakkad which also comes to Mangalore Central on the same schedule got space at Mangalore Central itself, showing how strong the Malayalam lobby is working in Mangalore.

Water woes seem to have hit the Railways too. During the meeting officials urged the MCC to provide adequate water at Mangalore Central in specific because apart from being a station, the central railway station is used by the department to shunt the trains and to clean the wagons too.

“Though our station consumption is high we have asked for five lakh litres per day. There is acute shortage of water and we urge the MCC to give us the required quantity of water without any interruption,” the officials said.

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coastaldigest.com news network
June 17,2020

Mangaluru, Jun 17: A private flight chartered by UAE-based NRI hotelier Praveen Shetty has brought home around 175 people from United Arab Emirates.

This is the third flight chartered by Mr Shetty, chairman of the Fortune Group of Hotels, and president of the Karnataka Non-Resident Indian Forum, to repatriate his employees and other stranded Kannadigas.

The Air Arabia flight with 168 adult passengers and six infants on board took off from Sharjah International Airport at 9:45 pm (UAE time) on June 16 and landed at Mangaluru International Airport at 2:50 am Indian Standard Time on June 17.

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News Network
April 19,2020

Bengaluru, Apr 19: As many as 25 new cases of coronavirus have been reported in the State till now, said Karnataka's Health Department.

"25 new COVID-19 cases reported in the State from 5 pm Friday to 5 pm on Saturday. The total number of positive cases in the State is 384 including 14 deaths and 104 discharges," added the Health Department.

The Health Department has appealed to the doctors, who are willing to volunteer in the fight against coronavirus, to reach out to the government.

A total of 14,378 COVID-19 cases have been confirmed in the country so far, with 480 deaths being reported due to the virus.

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Agencies
June 26,2020

New Delhi, Jun 26: With looming uncertainty and no likelihood of an early economic recovery in sight, the bull run in gold prices is here to stay. Analysts expect domestic futures to touch ₹ 52,000 per 10 grams in the next few months, till Diwali.

Experts also predict that with the current trend, gold may reach historic levels around ₹ 65,000 per 10 grams in two years time.

Futures of the yellow metal have touched new highs in India off late. On Wednesday, the August contract of gold futures on the Multi-Commodity Exchange (MCX) touched an all-time high of Rs 48,589 per 10 grams.

It has, however corrected since and is currently trading at ₹ 48,057 on the MCX, higher by ₹ 116 or 0.24 per cent from its previous close.

Market experts are of the view that both domestic and international gold prices are yet not done breaching records and will touch new highs in days to come.

The resurgence in the number of new cases of coronavirus infection across the globe has added to the uncertainty and fears.

Speaking to media persons, Anuj Gupta, DVP for Commodities and Currencies Research at Angel Broking, noted: "In short term we are expecting it to reach ₹ 48,800-49,000 and for long term, we are expecting ₹ 51,000-Rs 52,000 till Diwali."

On the prices in the international market, he said that it may reach around $1,790 per ounce in the near term from the current levels of $1,762 and the long term, it is likely to be around $1,820-1,850 per ounce.

Gupta noted that with International Monetary Fund's (IMF) latest downward revision of economic outlook, both global and of India, and the rising number of cases and high demand by gold exchange traded funds (ETF) have led to this record breaking rise in gold prices.

Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, according to the IMF and the global output is projected to decline by 4.9 per cent in 2020, 1.9 percentage points below the IMF's April forecast.

Hareesh V, Head of Commodity Research at Geojit Financial Services, said that gold's safe haven appeal will remain on the higher side as there is little hope of a quick global economic recovery amid rising virus cases across the world.

"Increased geopolitical instability and an under-performing dollar also lift the metal's sentiments," he added.

According to Prathamesh Mallya, AVP Research, Non-Agro Commodities & Currencies at Angel Broking, said that with the global output to contract and the economies in a deeper recession than most anticipate, gold as an asset class is a safe bet for investors across the globe.

"Although, the physical demand has declined drastically due to the restrictions and lockdowns, the activity of global central banks and their net purchases of gold signal that uncertainty will continue for most of 2020," he said.

He was also of the view that in the international market price of the metal may move towards $1,850 per ounce and in the domestic market it is likely to move higher towards Rs 50,000 per 10 grams.

"The investment demand as seen in the net additions of ETF holdings also signals that gold will shine for a much longer time even if the pandemic is under control. Till then, keep buying gold, if not in physical form, but in digital form," Mallya added.

Industry insiders like Aditya Pethe, Director, WHP Jewellers said: "I basically feel that the current trend for the gold is bullish and for the coming next 2 years, it is likely to move upwards. No one can predict the exact price as currently the trend is on rise but it might change after 6 months. In general for the coming 6 months to one year, the gold prices are likely to cross $2,000 which comes to roughly Rs 55,000. For a temporary moment it may reduce, basically fluctuate as well but overall trend of gold is going to be bullish."

On his part, Ishu Datwani, Founder, Anmol Jewellers said: "Yes - it's very likely that the gold price could easily go up to Rs 60,000-Rs 65,000 in the next two years. There is also a possibility of it going up even more."

"A lot of banks have been buying gold and there is also a possibility that the Indian rupee will depreciate against the dollar. This and geopolitical reasons will cause bullishness in gold."

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