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NIT-K Surathkal, five IITs to get Rs 2,000-cr interest-free loan

News Network
November 30, 2017

To encourage research in higher education institutions, the government has approved Rs 2,000 crore interest-free loans to six institutions, including the National Institute of Technology – Karnataka (NIT-K) located at Surathkal in Mangaluru.

the Higher Education Funding Agency (HEFA) on Monday approved sanctioning of loan of Rs 2,066.73 crore to the NITK Surathkal, IIT Bombay, IIT Delhi, IIT Madras, IIT Kharagpur and IIT Kanpur.

The interest-free loan is meant to support a total of 27 project proposals of these six technical institutes for improving research and academic facilities as well as creation of supporting infrastructure required to boost research and innovations.

"These funds would be used to improve the research infrastructure in these institutions to further improve their standing at the global level," the Human Resource Development (HRD) Ministry said in a statement after the board's meeting. HEFA loans are in addition to the grants that the government gives to these institutions. "It is a historic day today for financing the needs and promotion of research and innovation beyond budgetary allocations," Human Resources Development Minister Prakash Javadekar said.

The Union budget gives "ample allocation and grants" to the higher education institutions, he said. "But, still there is a greater need (for more funds). The vision of Prime Minister Narendra Modi and the resolve of Finance Minister Arun Jaitley has made possible the operationalisation of the HEFA to extend funds beyond budgetary allocations," Javadekar added.

As per the scheme, the HEFA, set up as a non-banking organisation, would mobilise Rs 20,000 crore through market borrowing and would release the same to the government institutions as interest-free loans.

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News Network
January 9,2020

Mangaluru, Jan 9: Dakshina Kannada Deputy Commissioner has lodged a complaint with the Police alleging that his signature was forged in a holiday circular for schools and colleges in the district during National General Strike called by Trade Unions.

It may be recalled that the district administration had declared a holiday for all educational institutions on December 20 and 21 in the backdrop of the December 19 violence.

A few miscreants had forged this order and circulated it on social media stating that a holiday had been declared for schools and colleges in the district on January 8.

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coastaldigest.com web desk
January 26,2020

Mangaluru, Jan 26: The Azizuddin Road of Mangaluru’s Bunder area, which had witnessed the brutal killing of two innocent passersby over a month ago, today witnessed the unfurling of Indian national flag by the kin of the police firing victim. 

49-year-old Abdul Jaleel Kandak, a father of two, and 23-year-old Nausheen Kudroli, were killed in an arbitrary and unwarranted police firing during a disturbance occurred due to police baton charge in the city on December 2019. 

A mixed feeling of patriotism and pain prevailed when a group of people gathered on the police firing spot to celebrate the 71st Republic Day of India. Family members of the victims were part of it.

It was Shifani, the daughter of Abdul Jaleel, who unfurled the flag and read out the preamble of the Indian constitution. 

“This is the spot where the constitution of the country was murdered,” said social activist Vidya Dinker, recalling the police firing. “The constitution is being murdered everyday in many states of India. We must regain the constitution and implement it everyday,” she added. 

Journalist Shahnaz M, DYFI leader Imtiyaz BK, SIO leader Talha, NWF leader Shahida Aslam and social activist Shabbir Ahmed were present among others.

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News Netwok
April 25,2020

Bengaluru, Apr 25: KPCC president D K Shivakumar, has alleged that BJP leaders from the state have sold rice that was meant to be distributed to the poor in Tamil Nadu.

Speaking to newsmen here on Friday, he stated that Congress fully supports the government’s work in the prevention of the spread of COVID-19, but maybe unknown to the Chief Minister, corrupt dealings are which we want to bring to his attention.

He alleged that 1,879 quintals of rice brought from Haryana have been illegally sold to a businessman in Hosur, Tamil Nadu.

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