logo
Salem Corporation to plant 55,000 saplings on 55 acres in Panamarathupatti Lake

Salem Corporation to plant 55,000 saplings on 55 acres in Panamarathupatti Lake

The Hindu7 hours ago

The Salem Corporation is clearing bushes on 55 acres in Panamarathupatti Lake and will plant 55,000 saplings and seek ₹25 crore as special assistance from the Union government under the Special Assistance to States for Capital Investments (SASCI) scheme to redevelop the lake into a tourist spot.
Built by the British in 1911 at ₹9.68 lakh, the 2,137 acre-Panamarathupatti Lake was once the main source of drinking water for Salem Corporation. When there was heavy rain in Jarugumalai, the rainwater passed through Varattaru and Kottaru to reach Panamarathupatti Lake. However, the water body stopped receiving water 25 years ago due to encroachments on the path and due to several other reasons.
Salem Corporation tried to rejuvenate the lake and make it a major tourist destination, but could not do so due to fund issues. The civic body sent a proposal to the State government last year to develop the lake as a tourist spot at ₹230 crore, which is still pending.
Meanwhile, the Corporation decided to plant saplings at ₹10 lakh on 55 acres to convert the lake into a tourist spot.
Salem Corporation officials said the clearing work and planting of saplings would be completed in a month and a project proposal would be sent to the Union government. If the government accepted the plan of creating greenery on the 55 acres, Salem Corporation would get ₹25 crore in assistance, and using those funds, it would redevelop the lake into a tourist spot, the officials added.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Centre to Goa: Use precast slabs for greener roadworks
Centre to Goa: Use precast slabs for greener roadworks

Time of India

time38 minutes ago

  • Time of India

Centre to Goa: Use precast slabs for greener roadworks

Panaji: Goa has been told by the Union ministry of road transport and highways in new construction guidelines to use precast concrete segments for highway and other centrally sponsored road projects to minimise delays and reduce pollution. Tired of too many ads? go ad free now The ministry stated that projects costing more than Rs 300 crore should now mandatorily include the provision to use precast concrete, which can be either factory-made or precast at the project site. 'The ministry has directed that the use of precast concrete should initially be taken up for non-critical components of highway projects such as box culverts, stormwater drain cum footpaths, boundary walls, RCC crash barriers, pedestrian railings, etc.,' said an official. In Goa, precast segments are already being used in the construction of the Rs 364 crore elevated six-lane corridor at Porvorim. The 1,431 segments for the superstructure of the flyover are being precast at the workstation created at Sangolda. States have been told that a contractor's yard, where precast segments are made, should be as close to the construction site as possible. 'We have been told that engineers should strictly check that the required quality standards are met, especially when the contractor decides to use factory-made precast segments,' said an official. 'The benefits of using precast segments, it is felt, will be more in urban areas as it will help expedite the project and reduce air pollution in these congested areas.' The Rs 1,403 crore cable-stayed new Zuari bridge also used 53 structural steel segments with precast slabs in each section of the bridge. 'The ministry feels that precast slabs also provide improved quality and durability due to factory-controlled production and enhanced aesthetics and structural uniformity,' said an official. Tired of too many ads? go ad free now 'The ministry plans to make the use of 70-80% precast concrete elements mandatory.' Bendordem to Canacona bypass, Canacona bypass to Polem, and Bhoma to Old Goa stretch are some of the projects worth over Rs 300 crore that have been recently sanctioned for Goa by the ministry, where these new construction guidelines will apply.

BAT bets big on India again, as ITC seeks to expand tobacco trade deal
BAT bets big on India again, as ITC seeks to expand tobacco trade deal

Time of India

timean hour ago

  • Time of India

BAT bets big on India again, as ITC seeks to expand tobacco trade deal

Kolkata: In a sign of improved relations between ITC and its largest shareholder, British American Tobacco ( BAT ), the Indian company significantly grew the sale of raw tobacco to the London-headquartered cigarette maker in 2024-25 and received nearly double the amount in advances compared with the year before. BAT, popular for brands like Dunhill, Rothmans and Vuse, bought products (raw tobacco) for Rs 1,445 crore from ITC in FY25, up 35% from the previous year, as per ITC's latest annual report. The advances that ITC took from BAT increased to Rs 1,690 crore from Rs 881 crore in FY24. Advances between related parties are typically loans and other financial benefits. ITC did not specify on the type of the advance in the report. ITC, the country's largest exporter of raw tobacco, has also proposed to take shareholders' approval during the annual general meeting next month to expand its business with BAT. Under Indian regulations, related-party transactions that exceed Rs 1,000 crore or 10% of the annual consolidated turnover of a company require shareholder approval. ITC wants to take approval for raw tobacco export of up to Rs 2,320 crore by 2026-27. It is also seeking to buy '30 crore of raw international tobacco from BAT. ITC said in the annual report that it has been exporting un-manufactured tobacco to BAT for the past several years and the proposed transaction will aid the growth in business. BAT and ITC have a long bitter-sweet relation. In 2018, BAT vetoed a share-rewards programme for ITC employees. Around 2-3 decades back, BAT wanted to wrest ownership control of the Indian company but it was resisted by the then ITC chairman, KL Chugh. Chugh's successor, YC Deveshwar , worked hard to ensure that the stake held by SUUTI (Specified Undertaking of Unit Trust of India ) in ITC was not sold to BAT. He believed that BAT was only interested in tobacco and may reverse the diversification of ITC, a conglomerate with businesses ranging from paper products to FMCG and information technology. BAT's current chief executive, Tadeu Marroco, has recently said the company wanted to retain its veto rights in ITC. Last month, BAT sold a 2.5% stake in ITC for $1.5 billion (around Rs 12,926 crore), the proceeds of which the British company wanted to use to expand a share buyback programme. In 2024, BAT had sold 3.5% in ITC for about $2 billion. After those block deals, BAT now owns around 23% in ITC, making it the biggest shareholder, followed by Life Insurance Corporation of India which owns 15.5%. ITC has no promoter holding. BAT's Marroco had told analysts earlier this month that the company's stake in ITC was "still a strategic investment" and "not a financial investment". He said BAT was attracted by the size of the Indian market, demographics and potential GDP per capita growth. BAT has some inter-party relations with ITC in leaf and IT, he had said. "We want to preserve, as a consequence, a relevant stake in ITC. So we keep our two board directors, so we have influence on the board ... Obviously there was an opportunity now to increase the buyback," Marroco had said. BAT also owns a 15.3% stake in ITC Hotels, which it has indicated would exit at an opportune time since the hotel business is not the company's focus area.

Why BrahMos founder offered BrahMos to Pakistan for ‘free' but the catch is…,Operation Sindoor…
Why BrahMos founder offered BrahMos to Pakistan for ‘free' but the catch is…,Operation Sindoor…

India.com

time2 hours ago

  • India.com

Why BrahMos founder offered BrahMos to Pakistan for ‘free' but the catch is…,Operation Sindoor…

Why BrahMos founder offered BrahMos to Pakistan for 'free' but the catch is…,Operation Sindoor… BrahMos Aerospace Founder and former CEO has recalled an interaction with a Pakistani general where he offered the missile for 'free'. Scroll down to know more. By Abhijeet Sen Edited by Abhijeet Sen Advertisement Brahmos missile- File image BrahMos missile: In a surprising but shameful incident for Pakistan, Dr A Sivathanu Pillai, the BrahMos Aerospace Founder and former CEO has recalled an interaction with a Pakistani general in an international arms expo in Abu Dhabi where he was asked whether India would sell BrahMos missile to Pakistan. To which, Pillai had replied 'For Pakistan, it would for free of cost'. Here are all the details you need to know about the conversation between the BrahMos founder and Pakistani general. Why BrahMos founder offered BrahMos to Pakistan for 'free' 'When a Pakistani General asked me – why do you want to sell such a good missile? So I said that a good product has to be sold. Then he asked – 'will you sell it to Pakistan?', BrahMos Aerospace Founder and former CEO Dr A Sivathanu Pillai recalled the exchange with Pakistani general as reported by CNN-News 18. Advertisement === 'I told him, 'For Pakistan, it will be even free of cost.' So that has happened there,' Pillai added. What Pillai said on Operation Sindoor 'Operation Sindoor is a very remarkable day to us when the number of missiles – more than 15 – finished all the terrorist points and also disabled Pakistan, so they surrendered. This is a great moment for the development of BrahMos. We are very happy. I know how much hard work the team put in to realise that. This is a partnership between India and Russia', Pillai added on the success of Operation Sindoor. Advertisement === Union Home Minister on BrahMos's critical role Union Home Minister Amit Shah said after Operation Sindoor that indigenously developed BrahMos missiles destroyed Pakistani air bases while its air defence system, borrowed from China, remained unused, during Operation Sindoor, which exposed its lies on terrorism to the world, as per a report by PTI news agency. Addressing a function, HM Shah said while surgical strikes and the airstrike in the past were limited to the Pakistan-occupied-Kashmir (PoK), India penetrated 100 km inside Pakistan's border under Operation Sindoor and eliminated terrorists and their hubs. (With inputs from agencies)

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