No proposal for Bhubaneswar Metro to Centre: MoS
2
Bhubaneswar: The Bhubaneswar Metro rail project is notably absent from the list of metro rail proposals either received or sanctioned by the Centre, according to a reply by Union minister of state for housing and urban affairs, Tokhan Sahu, in the Lok Sabha on Friday.
Over the past five years, the Centre received 17 proposals, including those submitted this year, but Bhubaneswar's project is not among them. In response to a query from Bharat Mathukumilli, Sahu informed the Lok Sabha that 24 metro projects are currently at various stages of implementation, in addition to the 17 approved by the Centre.
Odisha's housing and urban development minister, Krushna Chandra Mahapatra, explained that the previous BJD govt did not submit a proposal for Bhubaneswar Metro because it intended to undertake the project independently, without central assistance.
However, the current BJP govt plans to seek the central aid and will submit a proposal in due course.
Mahapatra emphasised that the govt is earnestly planning a viable Metro project for the state capital, clarifying that the absence of a proposal submission to the Centre does not indicate lack of seriousness. "We have reimagined the Metro train project differently from the past govt's plan, which was not feasible. We aim to execute it as a joint venture with the Centre's help," Mahapatra said.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
IQ Worldwide - Test your Intelligence, know your IQ Score
IQ-Worldwide.org
Try Now
Undo
The previous govt had announced a fully state-funded project worth more than Rs 5,000 crore, intended to connect Biju Patnaik International Airport with Trisulia Square. However, Mahapatra questioned the viability of such a route. "Why would people travel from the airport to Trisulia Square?" he asked.
An inter-ministerial committee meeting on the new plan has already taken place, with a second review scheduled. "Once the committee meets and finalises, the next steps will be determined. It cannot proceed without the Centre's assistance," Mahapatra added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
9 minutes ago
- Deccan Herald
Amagi Media Labs to raise Rs 1,020 crore; files DRHP with SEBI
Amagi proposes to utilise the net proceeds of the fresh issue towards investment in technology and cloud infrastructure (Rs 667 crore); funding inorganic growth through unidentified acquisitions and general corporate purposes.
New Indian Express
9 minutes ago
- New Indian Express
Kerala govt moves SC seeking rejection of Presidential reference, calls it 'misuse of power'
"A reference under Article 143 cannot be used to overrule findings of law and fact in earlier judgments," the Kerala government stated. It further pointed out that the Union government has not filed any review or curative petition against the April 8 ruling, making it binding under Article 141. "The President and the council of ministers must act in aid of the Supreme Court under Article 144," the plea added. The state also accused the reference of misinterpreting Article 200 by falsely claiming that no timeline exists for governors to act on Bills. "The foundational issues in queries 1 to 11 have already been settled in the Tamil Nadu, Punjab, and Telangana cases," Kerala argued, urging the court to reject the reference as "misleading." The Supreme Court, meanwhile, has agreed to examine the Presidential reference and has sought responses from the Centre and all states by July 29. A five-judge Constitution bench, headed by Chief Justice BR Gavai, will hear the matter on August 29, with the assistance of Attorney General R Venkataramani. The court will determine whether judicially enforceable timelines can be imposed on Governors and the President regarding pending Bills. The controversy stems from the April 8 ruling by a two-judge bench, which held that Governors must act within three months if withholding assent to a bill and within one month if a bill is re-enacted. The court had invoked Article 142 to declare Tamil Nadu Governor R N Ravi's inaction as "illegal" and deemed 10 pending Bills as approved. President Murmu's reference challenges this verdict, raising questions on whether Governors are bound by ministerial advice and if their discretion under Article 200 is subject to judicial review. With Kerala now accusing the reference of being a "backdoor attempt" to undo settled law, the Supreme Court's upcoming decision could have far-reaching implications on Centre-state relations and the powers of constitutional authorities. Out of 14 crucial questions, the majority and important were as follows: 1) What are the constitutional options before a Governor when a Bill is presented under Article 200 of the Constitution of India? 2) Is the Governor bound by the aid & advice tendered by the Council of Ministers while exercising all options available with him when a Bill is presented before him under Article 200 of the Constitution of India? 3) Is the exercise of constitutional discretion by the Governor under Article 200 of the Constitution of India justiciable? 4) Is Article 361 of the Constitution of India an absolute bar to the judicial review in relation to the actions of a Governor under Article 200 of the Constitution of India? 5) In the absence of a constitutionally prescribed time limit, and the manner of exercise of powers by the Governor, can timelines be imposed and the manner of exercise be prescribed through judicial orders for the exercise of all powers under Article 200 of the Constitution of India by the Governor?
Economic Times
9 minutes ago
- Economic Times
Aditya Infotech GMP robust at 30% ahead of IPO. Should you subscribe?
The upcoming IPO of Aditya Infotech, known for its CP Plus brand in video surveillance and smart camera systems, is making waves in the grey market. Its shares are trading with a grey market premium (GMP) between Rs 205 and Rs 210 per share, translating to a premium of over 30% above the upper price band of the issue. ADVERTISEMENT This strong premium suggests robust interest from investors even before the public offering opens. The GMP is often seen as an unofficial indicator of investor sentiment and potential listing performance. A 30% premium in the grey market ahead of the IPO indicates that the offering has gained strong traction—possibly due to the company's growing presence in smart security solutions, its diversified portfolio, and its expansive domestic distribution network. The price band for the Aditya Infotech IPO has been set at Rs 640–Rs 675 per share. The IPO seeks to raise a total of Rs 1,300 crore at the upper end of the issue comprises a fresh issue worth Rs 500 crore and an offer for sale (OFS) of Rs 800 crore. The lot size has been fixed at 22 shares, which means retail investors will need a minimum investment of Rs 14,850 at the upper price band. ADVERTISEMENT Not more than 75% of the net offer to Qualified Institutional Buyers (QIBs). Not less than 10% to Retail Individual Investors (RIIs). Not less than 15% to Non-Institutional Investors (NIIs). The issue will be managed by ICICI Securities Limited and IIFL Capital Services Limited, with MUFG Intime India Private Limited appointed as the registrar. ADVERTISEMENT Issue Opens: July 29, 2025 Issue Closes: July 31, 2025 Basis of Allotment Finalization: August 1, 2025 Refunds/ASBA Unblocking: August 4, 2025 Shares Credited to Demat Accounts: August 4, 2025 Tentative Listing Date: August 5, 2025 Listing Exchange: BSE and NSE Also read: NSDL IPO: Issue opens on July 30, here's what you need to know about GMP, issue details Brokerage firm Bajaj Broking has assigned a 'Subscribe for long-term' rating for the issue. ADVERTISEMENT Bajaj Broking noted that from a financial standpoint, the company has reported consistent growth over the last three financial years on a consolidated basis. It posted total income and net profit of Rs 22,955 million and Rs 1,083.11 million in FY23, Rs 27,959.6 million and Rs 1,151.72 million in FY24, and Rs 31,229.26 million and Rs 3,513.69 million in company's average Return on Equity (ROE) and Return on Capital Employed (ROCE) stand at 34.53% and 33.27%, respectively. Based on annualized FY25 earnings, the IPO's asking price implies a price-to-earnings (P/E) ratio of 20.44, while the P/E based on FY24 earnings stands at 60.05. ADVERTISEMENT Aditya Infotech Limited (AIL) is a leading player in video security and surveillance solutions in India, operating under the well-known brand name CP Plus. The company offers a wide range of products including smart home IoT cameras, HD analog systems, advanced network cameras, body-worn and thermal cameras, and AI-powered solutions such as automatic number plate recognition, people counting, and heat FY2025, the company offered 2,986 SKUs and operated across 550+ cities and towns. It caters to both residential and enterprise customers with solutions such as smart Wi-Fi cameras, 4G dash cams, EV station management, IoT automation, and AI-enhanced CCTV systems. Aditya Infotech also provides field management services, door automation systems, and has recently introduced CP PLUS AI, an intelligent surveillance solution featuring advanced analytics. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
