PM Modi dedicates Kochi Metro to the nation

Agencies
June 17, 2017

Thiruvananthapuram, Jun 17: Kerala shifted tracks to a new phase in urban transport infrastructure on Saturday, with Prime Minister Narendra Modi dedicating the first phase of Kochi Metro to the nation.

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Before the formal opening of the 13.26-km first phase, between Palarivattom and Aluva, the Prime Minister took a ride on one of the trains. Addressing a gathering at the inaugural event’s venue in Kaloor, Modi highlighted features of Kerala’s first metro rail network which made it unique.

Kochi Metro is the first metro project commissioned with Communication-Based Train Controlling Signalling System. The Kochi Metro Rail Limited (KMRL) has provided jobs for about 1,000 women and 23 trans-genders. “The project is also an example of environment-friendly development. It plans to meet nearly 25% of the entire energy requirements from renewable sources, particularly solar energy. The long-term plan is to become a zero-carbon emitting urban transit system,” the Prime Minister said.

Modi said 50 cities in the country were ready to implement metro rail projects and foreign investment had been invited to the urban public transport sector. He said the National Transit Oriented Development Policy, issued in April, aimed to create “compact walkable communities” and bring public transport closer to transit.

Chief Minister Pinarayi Vijayan acknowledged contributions of migrant labourers in the construction of the Metro and requested KMRL to facilitate a Metro ride for them. Lauding the project coordinators for finishing work on the Metro on schedule, the Chief Minister said Kochi Metro sent out a message to potential investors that development projects could be completed in a time-bound manner in Kerala.

He sought assistance from the Centre to further the state-Centre association to pursue the development agenda while acknowledging the Centre’s “positive” approach to development. In a veiled reference to earlier uncertainties over the Prime Minister’s presence at the event, Vijayan said people who created the controversy were left “disappointed”. Kochi Metro will begin commercial operations on Monday.

Insets

On track

** Construction completed in four years
** Total project cost of Rs 5,181.79 crore
** Rs 2032.91 crore released by GoI
** Total 25.612 km, fully elevated, from Aluva to Petta
** 22 stations; 11 in phase 1
** 13.26 km in phase 1, in 20 minutes
** A train every 10 minutes, fares start at Rs 10
** First-in-India open-loop smart card for buses, taxi-cabs, autos
** 25% of energy requirements from renewable sources
** Covered vertical garden on every sixth pillar
** Water Metro as feeder service planned with 38 jetties

Cheers to Metro man

At the inaugural event attended by senior politicians and bureaucrats, the loudest cheers from the 3,000-odd crowd were reserved for ‘Metro Man’ and Chief Adviser for Kochi Metro, E Sreedharan. The applause, every time his name was mentioned on the dais, was significant after an earlier controversy over his exclusion from the dais. The veteran engineer, however, was characteristically self-effacing in his response. “(the cheers were) Probably because I’m a local,” he told reporters.

Fracas over a "free ride"

The presence of BJP state president Kummanam Rajasekharan during the Prime Minister’s inaugural Metro journey has come in for some criticism. Rajasekharan was not in the original list of passengers scheduled to travel with Modi, from Palarivattom to Pathadippalam.

The PM was accompanied by Governor P Sathasivam, Union Urban Development Minister Venkaiah Naidu, Pinarayi Vijayan, Chief Secretary Nalini Netto, Urban Development Secretary Rajiv Gauba, E Sreedharan and KMRL Managing Director Elias George. Rajasekharan’s presence was criticised on social media, also because elected representatives were not invited for the ride.

Comments

Shankar
 - 
Sunday, 18 Jun 2017

BJP is trying really hard to make a mark in Kerala. They are using all the PR tricks known to them.

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News Network
June 26,2020

Mangaluru, Jun 26: In a gut-wrenching incident, a pack of stray dogs attacked a herd of barking deer, also known as Indian muntjac at Dr Shivaram Karanth Biological Park at Pilikula on the outskirts of the city last night.

Dhama H Jayaprakash Bhandary, director of the biological park said: “Due to heavy rains a tree was uprooted damaging the compound wall of the park one day ago. Last night pack of stray dogs entered the park and attacked the barking deer. When the incident came to light, 10 barking deer had lost their lives and many others were injured.”

He said that five years ago they had rescued four barking deer that bred and multiplied to 40. “We had planned to release some of the barking deer to jungle and retain around a dozen in the park. Last night’s incident has shocked us,” he said, adding that the injured barking deer are being treated.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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News Network
March 3,2020

Bengaluru, Mar 3: Chief minister BS Yediyurappa on Monday introduced the Karnataka Municipalities and Certain Other Law (Amendment) Bill, 2020, in the assembly to give voters the opportunity to reject candidates in civic polls.

The bill, if passed, will enable election officials to offer the NOTA option in the elections to municipal corporations on the lines of assembly and Lok Sabha polls.

An amendment bill which seeks to enable the government to set up a separate university for the districts of Raichur and Yadgir was also tabled. The government said the workload of Gulbarga University necessitated creation of a separate university for the two districts, a move that will also help reduce regional imbalance in Kalyana Karnataka region.

Another amendment bill seeks to allow industrial units, which have failed to start operations on allotted land after seven years, to sell off the parcels to another unit. Bills which empower authorised agencies to regulate turf clubs and horse racing and regulate salary and pension of teachers in higher education institutions were also introduced in the assembly on Monday.

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