Govt mulls using highways in far-flung areas for flight landing

June 17, 2016

Mumbai, Jun 17: Union Road Minister Nitin Gadkari today said the government was working on a scheme under which highways in far-flung areas can be used for aircraft landings and take-offs, and airports can be made where none exist.flight

"Along with Defence Ministry, we are thinking on a proposal. We are making our national highways of cement and concrete. We can use them as airports and are identifying sites. The vehicular traffic will be stopped when an aircraft will be landing and once it leaves, the vehicle traffic will resume," Gadkari said at an event by Forum for Integrated National Security (FINS) here.

He clarified that the plan was to use the highway network to handle both civilian and military aircraft movement.

The discussions are being held with the Defence Ministry because many of these sites can be near the border areas, he said.

Even as he declined to disclose the sites which can be used for such aircraft movements or the number of such sites, Gadkari cited pockets in Arunachal Pradesh, which can benefit from such an arrangement.

He added that the traffic was also low in Arunachal Pradesh which can easily facilitate the flight movements as is being envisaged.

When asked if the roads will be able to take the aircraft, Gadkari said a majority of the new highways are being built of cement and concrete, which can comfortably take such loads.

It can be noted that a few years ago, the Indian Air Force had landed one of its frontline fighter aircrafts on a highway in north India to assess defence preparedness.

Gadkari elaborated that separate holding areas can be created along a highway where the aircraft can taxi to after landing, and can come back on the highway for take off after de-boarding and boarding.

He said having such an arrangement, where the road was put to use for multiple uses will be very cheap as compared to erecting a full-fledged airport.

Gadkari said the government has accorded high priority for expanding air connectivity and wants to build 350 airports across the country.

Meanwhile, making a case for ending corrupt practices at ports, Gadkari said the network of "liasoning and servicing agents" which ensure passage of containers should be destroyed. He also welcomed complaints in this regard.

Gadkari also said that the country was interested in building a road in Myanmar, which can be further extended into Thailand and can help serve India's interests deeper in the south east Asia.

Having clinched the Chabahar Port in Iran, India will also be looking at helping create road and rail connectivity in Iran so that its interests in Afghanistan and further into Central Asia can be served, he said.

He said the national highway network, which spans 1.55 lakh kms at present, will touch 2 lakh kms in the next 2-3 months.

Gadkari said he has requested Delhi Chief Minister Arvind Kejriwal to relocate some of the logistic parks on the upcoming bypasses which will help reduce pollution in the national capital.

He said amendments to the Motor Vehicle Act are also being planned and added that one of the plans is to make it compulsory to have air conditioned cabins for trucks, given the large amount of time drivers spend in the vehicles in hot condition.

A car scrapping policy is also in the works, which will come into effect along with switching to lower polluting engines, Gadkari said, adding that the scrapping of cars has the potential to make the country as the number one car manufacturing hub in the world.

While impressing the need for the people to be more aware, Gadkari said accidents like the one on the Mumbai-Pune expressway which killed 17 people could have been avoided if people were not mending a car puncture in the middle of the road.

Comments

arm
 - 
Saturday, 18 Jun 2016

Gadkari thinks this is Sugar Cane Farm, Where he can go and relieve him self.

suleman beary
 - 
Saturday, 18 Jun 2016

Talking non sense.

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News Network
February 19,2020

Feb 19: Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life.

He splurged on a private jet, vintage cars and two entire floors of the Burj Khalifa, the world’s tallest skyscraper. His website shows him hobnobbing with politicians, Bill Gates and Bollywood royalty.

“The thrill of speed and freedom makes me love cars,” Shetty, 77, told local reporters last year.

Shetty had more than enough money -- at least on paper -- to afford such a lifestyle from companies he helped found, including hospital operator NMC Health Plc and financial services firm Finablr Plc. On Dec. 10, his stakes in the public companies were valued at $2.4 billion, making up the bulk of a fortune spanning education, hospitality and one of the world’s oldest tea companies.

Then, a week later, Carson Block came along.

Block’s investment firm, Muddy Waters, issued a report criticizing NMC’s accounts and disclosing a short position. Since then, Muddy Waters’s scrutiny has snowballed into a troubling scenario for Shetty that sheds light on his complex share arrangements and casts doubts about his net worth. His holdings in Finablr and NMC are worth $885 million, but Shetty’s fortune may now be just a fraction of that, depending on the size of his borrowings.

Filings this month show that Shetty pledged a quarter of his NMC stake against loans with First Abu Dhabi Bank and Zurich-based Falcon Private Bank. Two other shareholders may own half of his reported stake. Another lender -- Al Salam Bank Bahrain -- has already sold some of those shares to enforce security over a loan for Shetty, and NMC said Tuesday that First Abu Dhabi Bank sold another chunk earlier this month.

The situation “seems to have gone beyond some of the issues that Muddy Waters focused on initially,“ said Gavin Launder, a fund manager at Legal & General Investment Management, who owned shares in NMC until October. “The increased scrutiny has unearthed other issues.”

Law firm Herbert Smith Freehills has launched a review of Shetty’s holdings at his request, a spokesperson for the Indian-born businessman said, declining to comment further until the analysis is completed. Shetty resigned Sunday as NMC’s chairman.

In its Dec. 17 report on NMC, Muddy Waters hinted at potential overpayment for assets, inflated cash balances and understated debt. Shares of the United Arab Emirates’ biggest private health-care provider have since plunged 67%, and the firm is now the focus of takeover speculation. The sell-off also spread to Finablr, whose stock has tumbled 64% in that span.

NMC has disputed Muddy Waters’s claims, and the company hired former FBI Director Louis Freeh to conduct an independent review of the short seller’s allegations. Meanwhile, local regulators “are making inquiries with the relevant parties,” a spokesperson for the U.K.’s Financial Conduct Authority said.

Shetty is hardly the only ultra-wealthy person to leverage his assets. Elon Musk has used his shares in Tesla Inc. to obtain personal loans, while Oracle Corp. Chairman Larry Ellison has put up millions of the company’s shares to fund a lavish lifestyle that includes trophy properties, America’s Cup teams and the Indian Wells tennis facility in California.

But such deals can also sour, as demonstrated by Shetty’s lenders selling shares his investment firm pledged. He and his advisers are investigating details of the sales as part of their legal review, according to filings.

To complicate matters, Shetty pledged another batch of NMC stock in 2018 as part of a so-called equity collar arrangement with Goldman Sachs Group Inc. that uses options to limit the impact from share moves. Last month, he also pledged most of his stake in Finablr to refinance a loan from the company’s takeover of foreign-exchange firm Travelex for about $1.2 billion.

BRS Ventures Investment, the UAE-based holding company for most of Shetty’s assets, doesn’t report consolidated financials, preventing a complete analysis of his net worth. His other assets include a catering company, a waste-management firm and pharmaceutical business Neopharma, which four months ago was in the early stages of planning for an initial public offering.

Block, 43, earned his reputation as a short seller a decade ago through targeting U.S.-listed Chinese companies that he claimed were frauds. More recently, his San Francisco-based firm focused on British litigation-finance firm Burford Capital Ltd. and Japanese biotech stock PeptiDream Inc. Short sellers seek to benefit from a decline in a company’s share price.

Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.

Block said he didn’t anticipate NMC’s shareholding drama.

“I wouldn’t have been able to predict that we’d get these bizarre disclosures about unclear share ownership coming out of the company,” he said in a Feb. 13 phone interview. “This has been obviously a more dramatic unraveling than we usually see.”

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coastaldigest.com news network
June 23,2020

Mangaluru, Jun 23: A charter flight carrying as many as 166 people including a child stranded in United Arab Emirates today reached Mangaluru. 

The flight was chartered by M Friends Charitable Trust, Mangaluru and My Community Foundation with the sole intention of helping the repatriation of stranded passengers such as pregnant women, elderly people and those who are in need of emergency medical care. 

The flydubia flight FZ4617 took off from Dubai at 2 p.m. and landed at Mangaluru International Airport at 7:22 p.m.

The passengers who arrived from UAE hail from different parts of coastal Karnataka and passengers themselves had borne the ticket fare for their travel.

M Friends president Haneef Haji Goltamajalu has thanked representatives of My Community Foundation and M Friends Trusty Ashraf Abbas Kunjattur, M Friends NRI leader Haneef Puttur, general secretary Rasheed Vittla for their efforts in chartering the flight.

In the last three weeks, 13 special flights with around 2150 passengers from various Gulf countries had landed at Mangaluru airport. 

Already, throat swab samples of 1814 passengers, who had arrived in Mangaluru, have been tested and 239 people with international travel history have tested positive and the samples of 1,575 passengers have tested negative so far.

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News Network
March 19,2020

Belagavi, Mar 19: South Western Railway (SWR) on Thursday increased the fares of the platform tickets at Belagavi, Hubballi and Ballari.

The rate of platform tickets has been increased to Rs 50 with effect from Thursday till March 31, in order to control the crowding at platforms in view of the coronavirus outbreak.

Belagavi, Hubballi, and Bellari were all big stations and maximum number of people, including both passengers and those there to see them off come or to receive them at these railway stations, a SWR official sources said.

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