logo
Proposal for retaining walls to mitigate floods with state: Misal

Proposal for retaining walls to mitigate floods with state: Misal

Time of India2 days ago

Pune: State cabinet minister and Parvati MLA Madhuri Misal on Thursday said the state govt was considering a proposal to allot Rs 200 crore to construct retaining and safety walls as part of flood mitigation and disaster management steps in the city.
Pune Municipal Corporation (PMC) has tabled the proposal before the state govt. Misal said the govt will give further instructions after working on the proposal.
The civic body proposed retaining and safety walls at various locations after instances of flooding in the city, but the work has been progressing slowly due to a lack of funds. PMC started the tendering process, however, it was scrapped due to various technical reasons.
You Can Also Check:
Pune AQI
|
Weather in Pune
|
Bank Holidays in Pune
|
Public Holidays in Pune
"Besides the construction of the retaining wall, the civic administration has proposed various projects under the disaster management initiatives amounting to Rs 600 crore. The Centre approved Rs 80 crore recently for some projects,"Misal said.
The minister was speaking to media persons after a meeting at PMC headquarters with officials on various issues. "The project of upgrading existing sewage treatment plants (STPs) and construction of new STPs has been taken up," she said.
On the progress of the Swargate-Katraj underground Metro project, Misal said, "Two stations were proposed in addition to three stations proposed in the DPR. We will see how additional expenses can be shared by the state and centre," Misal said.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Kochi's IT future brightens with mulitple infra projects
Kochi's IT future brightens with mulitple infra projects

Time of India

time17 minutes ago

  • Time of India

Kochi's IT future brightens with mulitple infra projects

Kochi: With several major IT infrastructure projects in the pipeline — including a new project by a private group in Infopark Phase II and the newly inaugurated IT Twin Towers in SmartCity — hopes for Kochi's IT sector are being rekindled. Chief minister Pinarayi Vijayan, while inaugurating the Lulu IT Twin Towers on the SmartCity campus on Saturday, announced that the Lulu Group will also set up a new IT tower in Infopark Phase II, Kakkanad. The Rs 500-crore project will come up on 3.5 acres near the Brahmapuram bridge and offer 9.5 lakh square feet of built-up space. The tower is expected to generate at least 7,500 jobs, and the state govt has pledged full support for the venture. Recently, UST Global has started construction of its new campus on 8.5 acres in Infopark Phase II, which is projected to provide direct employment to around 5,000 IT and ITeS professionals. The Lulu Twin Towers itself is expected to create approximately 30,000 jobs. Following the state cabinet's approval of TECOM's exit from the SmartCity project in Dec 2024, there are renewed hopes of integrating the 246-acre SmartCity campus with Infopark Phase I. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo A special committee submitted its recommendations in Dec, but a final govt decision is still awaited. The launch of the Twin Towers is expected to give a revitalize the long-stalled SmartCity development. Further boosting the region's IT ecosystem, industries minister P Rajeeve recently laid the foundation stone for Geojit's IT park in Infopark Phase II. The 16-storey, 1.3 lakh square foot building is scheduled for completion within two years. Additional projects include the World Trade Centre Tower III in Infopark Phase I, a 37-acre TCS campus in Kinfra Park and V-Guard's upcoming IT park, which is nearing completion. Prestige Group's Phase II project is also under consideration in SmartCity, and Infopark's extension campus at the South Metro station is expected to begin operations soon. These developments are set to increase the current IT workforce in Infopark, SmartCity, and nearby campuses from 1 lakh to an estimated 1.5 lakh. Meanwhile, Infopark authorities are awaiting final govt clearance for a proposed third campus spanning 500 acres in Kunnathunadu panchayat. The plan, jointly initiated by Infopark and the GCDA using a land pooling model, is pending approval.

Nuvoco gets 952cr Vadraj assets after ED issues NOC
Nuvoco gets 952cr Vadraj assets after ED issues NOC

Time of India

time17 minutes ago

  • Time of India

Nuvoco gets 952cr Vadraj assets after ED issues NOC

Mumbai: The special court allowed the restitution of attached properties valued at Rs 952 crore of Vadraj Cement (ABG Cement) to a company that acquired it through a resolution plan approved by the National Company Law Tribunal, after the Enforcement Directorate issued a No Objection Certificate (NOC). The ABG group obtained a loan from Infrastructure Leasing & Financial Services Ltd (IL&FS), which IL&FS later declared non-performing. Consequently, in the IL&FS money laundering case in 2020, the ED provisionally attached the Surat plant of Vadraj Cement. Subsequently, Nuvoco Vistas Corporation, a subsidiary of the Nirma Group, purchased the cement firm through the NCLT resolution plan. Nuvoco then approached the court to request the restoration of the cement plant. The ED stated that the ABG group had obtained Rs 952 crore in financial assistance from IL&FS, which was subsequently declared non-performing. The ED attached the immovable properties of Vadraj Cement, including its Surat Cement Plant, and the adjudicating authority confirmed the attachment in 2021. The ED filed a chargesheet with the court related to the issue. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Vadraj Cement had also obtained loans from Punjab National Bank (Rs 2,122 crore), Union Bank (Rs 1,620 crore), Indian Overseas Bank (Rs 1,419 crore), Central Bank of India (Rs 1,391 crore), and JC Flower ARC (Rs 677 crore). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Profit Trick - Read More vividtrendlab Click Here Undo A proceeding was initiated against the company under the Insolvency and Bankruptcy Code before the NCLT. Nuvoco Vistas Corporation Ltd., a subsidiary of the Nirma Group, purchased the cement company through a resolution plan in which it agreed to pay Rs 1,706 crore to the financial creditors in lieu of acquiring Vadraj Cement Ltd, the ED said in a press release issued on Saturday. Nuvoco Vistas Corporation filed an application before the special court, which allowed the restoration of the assets after the ED's NOC. It is alleged that the former top management of IL&FS Group gave dubious loans to many companies who defaulted the payment, causing losses to the group.

BJP councillors, police clash during march to corporation office over laptop graft allegation
BJP councillors, police clash during march to corporation office over laptop graft allegation

Time of India

time17 minutes ago

  • Time of India

BJP councillors, police clash during march to corporation office over laptop graft allegation

Thiruvananthapuram: The protest march by BJP activists and councillors towards the corporation main office on Saturday turned violent as they clashed with police over allegations of corruption in a laptop distribution initiative run by the civic body. The agitators accused the administration of misappropriating public funds meant to benefit students and demanded a transparent probe. As the march reached the gates of the corporation office around 11.30am, police used water cannons to disperse the crowd. The situation grew tense as some protesters attempted to jump over barricades, prompting further police intervention. The police and the protesters even had a scuffle before the cops forced them to disperse. The protest, which was inaugurated by BJP district president Karamana Jayan, follows dramatic scenes from Thursday's corporation council meeting, which turned chaotic after LDF councillors levelled serious graft charges against two BJP councillors, Punnakkamugal's P V Manju and Pappanamcode's G S Asha Nath. The councillors were accused of illegally diverting Rs 2 lakh collected as user fees by Haritha Karma Sena. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like These Are The Most Beautiful Women In The World Undo The council meeting descended into disorder when BJP councillors disrupted proceedings in protest. Some reportedly stormed the mayor's dais and allegedly manhandled deputy mayor P K Raju, resulting in the abrupt suspension of the session. Following the incident, the corporation secretary lodged a formal police complaint. In Saturday's protest, Museum police registered a case against the demonstrators. Defending the protest, BJP leaders claimed the corporation's laptop initiative was mired in corruption and a betrayal of student beneficiaries. The corporation, however, refuted the allegations, calling the protest a politically motivated attempt to divert attention from the corruption charges against BJP members. "We followed proper procedures for procurement and distribution," said a senior official of the corporation. "Let there be a performance audit, but there is no room for such political theatrics and violence," the official added.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store