Mini Vidhana Soudha to come up in Udupi

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June 21, 2011

Udupi, June 21: Higher Education Minister V.S. Acharya said on Monday that a mini Vidhana Soudha would be built in place of the present taluk office. He was speaking after laying the foundation stone for the construction of a Circuit House on the premises of the Inspection Bungalow.

Dr. Acharya said the Sub-Registrar's office was in a bad shape. Hence, it would be shifted to the district treasury near the taluk office. The district treasury would be shifted to the district offices complex being built in Manipal. The district offices complex would be inaugurated on August 19.

The complex would have a helipad. A statue of Mahatma Gandhi on Dandi March and a statue of B.R. Ambedkar would be installed in the complex.

The new Regional Transport Office (RTO) along with a driving track building would be built near district offices complex at a cost of Rs. 3.5 crore.

The Circuit House would be built in 24 months at a cost of Rs. 3 crore. The present Inspection Bungalow would be retained, Dr. Acharya said.

Lokayukta office

Later, speaking at the inaugural function of the new two-storied office building of the Lokayukta, Dr. Acharya said efforts would be made to build four quarters for the Lokayukta police personnel at Ajjarkadu area in the city. There was now an anti-corruption environment in the country.


Lokayukta N. Santosh Hegde said although the Lokayukta might not have wiped out corruption, it had certainly controlled it.

Acharya


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July 8,2020

Mangaluru, Jul 8: A seven-day-old baby from Kallapu near Permannur village, within Ullal town limits in Mangaluru taluk has tested positive for COVID-19.

The baby’s mother, while pregnant, was admitted to a private hospital in the town on June 30. 

Her samples, which were sent for testing before delivery, reported positive, doctor said.

On Wednesday, the baby’s tests too reported positive for COVID-19.

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News Network
March 23,2020

Mangaluru, Mar 23: Indian Coast Guard (ICG) on Monday announced to enhance surveillance along the coastline of Karnataka to strengthen security.

It has tasked its hovercraft in New Mangalore, and high-speed patrol vessels and interceptor boats along the coastline for ensuring foolproof security of the uninhabited islands, Deputy Inspector General S B Venkatesh, Commander, Coast Guard, Karnataka, said in a release today.

The amphibious hovercraft have been deployed for near to coast patrol, to facilitate smooth execution of search and rescue operations and security cover over land and riverine route. Please log in to get detailed story.

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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