Gorakhpur Airport to get new terminal building
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
The Gorakhpur Airport , which currently operates over two dozen flights to major Indian cities, will soon have a new terminal building that can house many more aircrafts simultaneously, officials said on Wednesday.Once completed, the upgraded facility will be capable of handling around 200 flights daily, a massive leap from the current 26. Passenger handling capacity will rise from 270 to 2,500 per hour after the new terminal is operational, they said.A Memorandum of Understanding (MoU) for the proposed expansion was signed between the Indian Air Force Airports Authority of India (AAI), and the Gorakhpur district administration on Tuesday.The MoU paves the way for the transfer of 42 acres of land from the Air Force for the new terminal."The land, currently under the Military Engineering Services, is adjacent to the existing airport. The present infrastructure on the land will be relocated to make way for the new construction," Airport Director Parashar said.He said connectivity enhancements like a roundabout from Nandanagar, an underpass, and four-lane road access are also on the cards."With dedicated space for 10 aircraft, operations will be smoother and flight turnaround faster at the airport," he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
43 minutes ago
- India.com
Narayana Murthy's Infosys sends warning emails to employees for..., says company...
Narayana Murthy's Infosys sends warning emails to employees for…, says company… Infosys, the Indian IT giant, which made news for laying off hundreds of its trainees, is again making headlines. This time, the IT company is in the news for sending personalised warning emails to its employees who are working long hours and have exceeded standard working hours, disobeying founder Narayana Murthy's advocacy for a 70-hour workweek. Why Infosys Sending Warning Emails To Employees? The Bengaluru-based IT firm has put in an automated monitoring system which automatically triggers alerts when any employee works more than 9 hours and 15 minutes in a day. The automated monitoring system is monitored by the HR department, which tracks every employee's working hours every month. The department sends warning emails to those employees who exceed prescribed durations. 'We must work for 9.15 hours a day for five days a week, and if we overshoot this while working remotely, it prompts a trigger,' The Economic Times quoted an employee as saying. Why Infosys Monitoring Remote Work Hours? Notably, the monitoring system was implemented after the hybrid working arrangements for the company's 323,500 employees. When the HR team detects an individual's long hours it sends comprehensive emails which include details about remote working days, total hours worked, and daily averages. Beginning in November 2023, the company mandated a minimum of ten days of in-office work per month for all employees. The emails highlight that employees should make a balance between health and work-life, which benefits both personal wellbeing and professional success. Are Health Concerns Driving A Policy Shift In The Indian It Sector? This initiative emerges amid growing concerns about young tech professionals facing health challenges, particularly cardiac issues attributed to irregular dietary and rest patterns. It is worth mentioning that the companies have taken the initiative following growing concerns about young professionals facing health challenges, specifically heart problems due to irregular diet and rest timings. The company issued new guidelines advocating for regular work breaks and open communication with managers about workload. This contrasts sharply with previous statements promoting 70-hour workweeks. The shift reflects a growing emphasis on employee well-being and sustainable productivity within the Indian IT sector.
The Hindu
an hour ago
- The Hindu
Coimbatore industries in the EV sector expect problems because of magnet shortage
Coimbatore, with its emerging Electric Vehicle (EV) eco system, is expected to soon feel the impact of the shortage in availability of rare earth magnets that are used in the EVs. Ramesh Muthuramalingam, Managing Director of Alphacraft, said the factories involved in manufacturing components for EVs are yet to feel the impact. However, it is reported that Indian firms may run out of rare earth magnet stocks by the middle of this month. The EV suppliers in Coimbatore will then feel the ripple effects of the magnet shortage. The Micro, Small and Medium-scale companies here that make components for EVs are dependent on the larger magnet suppliers and any disruption upstream can potentially slow orders, shift production schedules, or raise costs. China decided to restrict export of the magnets in April this year. 'We have other sources as well. But, China dominates the field. Other sources such as the US, Australia, and Myanmar will either stop the supplies or ration it soon,' he said. Barathan Kuppusamy, Chief Executive Officer of Ozotec Automobiles, said some of the EV manufacturers are importing magnets that are already assembled in the stampings. But, there are issues now in this regard. Coimbatore District Small Industries Association treasurer P. Ponram said the companies involved in the EV sector do anticipate problems. 'However, the impact will be less,' he said. However, according to the Chief Executive Officer of Eco Dynaamic Equipments Vijayan Srinivasan, the companies in Coimbatore do not use the magnets in large volumes. Most of them use the CKDs and the requirement of the magnets is only in small volumes.
Hindustan Times
an hour ago
- Hindustan Times
Fugitive diamantaire Nirav Modi's brother Nehal arrested in US on India's request
New Delhi: Fugitive diamantaire Nirav Modi's brother, Nehal Modi, has been arrested in the United States based on an extradition request of the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), a development Indian officials described as 'significant'. Nehal Modi Nehal Deepak Modi, 46, played a key role in the ₹6,498 crore Punjab National Bank (PNB) swindle in which his elder brother, Nirav Modi, is currently lodged at a UK prison and is facing extradition. Officials familiar with the development said that Nehal, a Belgian citizen, was arrested by the U.S authorities on Friday, a day after he was released from a prison in New York, where had been serving sentence since July 2022 in a $2.6 million diamond fraud with a U.S firm. A U.S Supreme Court jury sentenced Nehal Modi to 3-9 years in a grand larceny in the first degree case. He was accused of fraudulently obtaining diamonds from Manhattan-based wholesale company, LLD Diamonds USA, LLC ('LLD'). He had made false representations regarding a purported deal with Costco Wholesale Corporation to obtain more than $2.6 million worth of diamonds from LLD, also known as Lev Leviev Diamonds, between March and August 2015, according to the July 29, 2022 indictment seen by HT. 'The United States Department of Justice informed us that Nehal Modi has been arrested on July 4, a day after he was released from the prison, based on our extradition request (both CBI and ED's). An extradition request was sent in 2022 and for the past one and a half months, we were providing various clarifications to the American authorities and they finally arrested him,' said an ED officer, who didn't want to be named. 'It's a significant development because all three key perpetrators of the PNB case - Nirav Modi, Mehul Choksi and Nehal Modi are now lodged in prisons in the UK, Belgium and the US, respectively, based on efforts and prosecutable evidence for extradition provided by Indian agencies,' the officer added. While Nirav Modi was arrested in London in 2019, Mehul Choksi was taken into custody in Antwerp in April this year. As per the complaint filed by the U.S prosecutors, extradition proceedings are being pursued on two counts: one count of money laundering under Section 3 of the Prevention of Money Laundering Act (PMLA), 2002, and one count of criminal conspiracy under Sections 120-B and 201 (destruction of evidence) of the Indian Penal Code (IPC), said a second officer. The next date of hearing on extradition is July 17, when Nehal may apply for bail which U.S prosecutors have assured Indian officials they will oppose, he said. Wanted since 2018, when the PNB swindle came to the light, Nehal Modi was earlier said to be based in Belgium and then later moved to the US. An Interpol red notice was issued against him in July 2019 based on ED's request. 'He played a key role in laundering proceeds of crime on behalf of Nirav Modi, who is also facing extradition from the UK. He assisted in concealing and transferring large sums of illicit funds through a web of shell companies and overseas transactions, in violation of Indian laws,' said the second officer. In the PNB case, in which Nirav Modi swindled ₹6,498 crore, ED has already traced proceeds of crime worth ₹2,626 crore in India and abroad. Officials said charge sheets have been filed against Nehal in May 2018 and February 2019. It has been alleged by the agencies that Nehal Modi helped Nirav in destroying the evidence after the PNB scandal broke out in January 2018 as well as launder money on his behalf. Nehal, according to the ED officer cited above, was looking after the affairs of companies - Twin Fields Investments Limited, Bailey Bank and Biddle for Nirav Modi. 'Both these companies had received around USD 50 million from dummy companies of Nirav Modi which in turn received this fund from the fraud committed on PNB. For Nirav Modi, he became the protector and investment advisor of 'The Ithaca Trust'. This trust got the tainted funds to the tune of USD 30 million after extensive layering and two immovable properties have been purchased in USA from these tainted funds,' said the ED officer. After CBI and ED started scanning their offices abroad with the help of international agencies, Nehal dealt with the proceeds of crime and took away diamonds having value of US dollars 6 million and 150 boxes of pearls from Hong Kong and cash of 3.5 Million dirham and 50 Kg gold from Dubai, according to a statement issued by ED in 2019. Nehal also arranged the escape of Nirav's trusted man – Mihir Bhansali from Dubai and booked tickets of several dummy directors for Cairo so that Indian agencies would not catch them. He was also involved in destroying the digital evidence like mobile phones and the server pertaining to Nirav Modi's companies in Dubai. Nehal is also accused of helping Mehul Choksi in laundering money. 'Nehal Modi was incharge of M/s Samuels Jewellers INC and Diamlink Inc. At his instance, these companies had received around USD 19 million of proceeds of crime in the guise of royalty, advances etc from Dubai based shell companies of Mehul Choksi,' ED said in 2019. 'Nehal Modi was personally overseeing that all the accounts, records were destroyed and was influencing the employees/witnesses in respect of money trail of the proceeds of crime in the case. He destroyed the digital evidence (Mobile Phones and Server) pertaining in Dubai. He intimidated the witnesses and sent them to Cairo and in Cairo, their passports were taken over at his instance. Witnesses have been forced to sign some false papers in Cairo at his instance and in one case, a witness has been offered ₹20,000,00 by himself (Nehal Modi) in lieu of tendering false testimony before the judicial authorities of Europe,' said a second ED officer. One of the co-accused sent to Cairo was Subhash Parab, who was brought by Indian authorities in April 2022 through extradition. 'When the case came to light in January 2018, Nehal Modi told Parab and other senior directors in the company to leave India as they may be questioned by Indian investigation agencies. He left for Cairo after Nehal arranged his travel and since then, agencies have been pursuing his extradition,' said a CBI officer.
