Yettinahole project a blunder; it can't quench the thirst of parched districts'

[email protected] (CD Network)
September 29, 2016

Bengaluru, Sep 29: A new study conducted by a team of the Indian Institute of Science, Bengaluru concluded that the Rs 13,000-crore Yettinahole diversion project doesn't hold much water to quench the thirst of the parched districts of Kolar, Chikkaballapur, Tumakuru and Bengaluru Rural.

Yettinahole

Headed by TV Ramachandra and comprising of experts like Barat Aithal and S Vinay, the study team after visiting spots and using the latest technology, including remote sensors, found that Yettinahole can generate only 9.5 tmcft of water against 24 tmcft as claimed by the state government which is awaiting environmental clearance to go ahead with project. The team has called the project as an "an ecological blunder".

The study, Environment Flow Assessment in a Lotic Ecosystem of Central Western Ghat, was published in international journal Hydrology Current Research. The Karnataka government, some experts and leaders seeking project implementation had slammed its earlier findings saying it lacked conviction.

The government has already spent Rs 1,690 crore for the project and set up a dedicated authority to oversee its implementation. The project is now temporarily halted following a green bench order besides widespread protests in the coastal belt as the Yettinahole project aims at diverting 24.01 tmcft of water from Nethravathi's tributaries.

The report highlights alterations in the catchment integrity (land cover) or water diversions would result in variation in the natural flow, affecting the biodiversity of the riparian and aquatic habitats, and more importantly, people's livelihood dependent on fishing in the downstream.

The sustainable option to meet water requirements in arid regions, the study points out, would be to rejuvenate existing lakes and ponds, reuse treated waste water, recharge groundwater resources, plant native species of plants in the catchment areas and implement soil and water conservation through microwatershed approaches.

Sources in the water resources department, however, said they will not give much credence to the report but wait for the one by an expert committee set up by the government. On June 9, 2016, the government formed a panel under the chairmanship of Central Water Commission former chairman A K Bajaj. "The committee met just once but nothing much has happened after that. I partly endorse the views of the fresh report prepared by IISc scientists that Yettinahole cannot generate 24 tmcft of water and it greatly affects the ecology,'' said environmentalist Yellappa Reddy.

Comments

Mahesh
 - 
Thursday, 29 Sep 2016

from the beginning only we all know about this fraud supported by congress govt to loot all public money, all corrupt politicians will die one day a dog death. so many people are working hard to get their livelihood in this.. these rich people collecting money in the name of tax and misusing for their posh life.

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.
News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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.
News Network
May 19,2020

Mumbai, May 19: Even as banks in United Arab Emirates are trying to trace NMC founder BR Shetty, a prominent bank in India is seeking to recover loans worth Rs19.13 billion from him and his companies. 

A local court has also barred him and his wife from selling or transferring some properties while it hears the case.

In the court filing, the Bank of Baroda said Shetty had an obligation to handover the title deeds of the 16 properties and mortgage the assets with the bank.

The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the Rs19.13 billion ($253 million) loans, according to a May 16 court order seen by Reuters. The court in Bengalaru set the next hearing in the case for June 8.

NMC, the largest private healthcare provider in the UAE, was placed under administration in April after months of turmoil. It disclosed in March it had debts of $6.6 billion, well above earlier estimates of $2.1 billion.

Finablr, in which Shetty has a controlling stake, said in April it may have nearly $1 billion more in debt than previously reported.

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.
coastaldigest.com news network
June 6,2020

Chikkamagaluru, June 6: The Chikkamagaluru district has become free from confirmed cases of COVID-19.

The last two of the 16 covid patients in the district were discharged today after they were treated and tested negative.

P 2765, a 28-year-old man and P 2766, a 38-year-old man were discharged, said Deputy Commissioner Dr Bagadi Gautham. Nine others were discharged from hospital yesterday.

Till May 22, Chikkamagaluru district had not recorded any positive and had remained a green zone till then.

However, with the influx of stranded people from Maharashtra and Delhi, the district had registered 16 covid positive cases.

 “As on today, there are no active covid-19 cases in the district. However, we should be attentive and take all the precautionary measurers,” the DC said.

The officer has appealed to the public to maintain social distancing in public places and wear masks.

Comments

Expat
 - 
Sunday, 7 Jun 2020

Chikkamagaluru has been polluted by the outside people. Homestay business has killed the beauty and simplicity of Chilkamagaluru

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.