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.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Not running for KPCC chief post, says D K Shivakumar

News Network

January 16,2020

Davanagere, Jan 16: Congress leader D K Shivakumar on Thursday turned down all the recent media reports of him aspiring for the coveted Karnataka Pradesh Congress Committe (KPCC) president post.

Terming all the news, doing rounds, as baseless, Shivakumar said that he never made any attempt to become KPCC president. "All I want to do is work for my people and party", he asserted.

Referring to Chief Minister B S Yediyurappa's visit to Harihar's 'Our Lady of Health Minor Basilica' programme, Shivakumar said."I'm not concerned about what others are doing, everyone is free to take part in the programmes."

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Mangaluru | Fish trade voluntarily suspended for 10 days over corona outbreak scare

coastaldigest.com news network

June 23,2020

Mangaluru, Jun 23: The wholesale fresh fish dealers have voluntarily decided to suspend sale for 10 days from June 24 in the wake of fresh coronavirus outbreak in the region.

Convening the collective decision of the traders in a letter, K Ashraf, working president of the association of Mangaluru fisheries harbour fish traders and commission agents, has urged the deputy commissioner to formally impose ban on fish trade in the city for next 10 days to prevent the spread of the covid-19.

Mr Ashraf stated that decision was taken as many fish traders suffering from symptoms such as cough, cold and fever for last few days and some of the traders have got themselves admitted in hospitals for treatment.

The letter urged the DC to prevent and ban unauthorized traders selling fish not only in Bander but also in neighbourhoods like Ullal Kotepur, Hoige Bazar, Bengre, Farangipet, near VRL, Kudroli, Kallapu and Maripalla.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

Karnataka Board of Auqaf asks mosques to conclude Juma prayers in 15 minutes

News Network

March 19,2020

Bengaluru, Mar 19: As a precautionary measure to prevent the spread of coronavirus, the Karnataka State Board of Auqaf has issued an advisory to mosques, dargahs and other religious institutions, requesting them to conclude the Friday congregation in 15 minutes for the next three weeks.

"Respected head of masjids and imams (prayer leader) are requested to conclude the entire Juma congregation (including Juma khutbah, salah and dua) in 15 minutes for the next three weeks and avoid using the public mic for the khutbah and salah," read a statement from the Karnataka State Board of Auqaf.

It has advised to ensure cleanliness and good hygiene inside mosques and keep the carpets, prayer mats, floor mats etc clean.

Further, it stated that those coming for daily prayers should be instructed to perform wudhu (ablution) at their homes and avoid using prayer caps placed in masjids.

"Please remove the public towels and prayer caps from the masjids. Sunnah and nafil prayers should observed at home," the advisory read.

The advisory came as the number of coronavirus patients spiralled across the country. The governments are taking all precautionary measures to contain the spread of the virus that has claimed more than 7,500 lives across the globe since its outbreak in China in December last year.

Comments

Doesn't this reflect upon our stupidity. They have lost the whole point of virus spread. Let's pray as per our so called Muslim religious leaders IQ level that the virus does not spread among the hundreds in that 15 minutes.This is exactly why we are losing it.