
Wayanad township to be ready by Dec: Rajan
Of these, 140 people have each received a seven-cent plot. Rajan said the govt spent Rs 108 crore on survivor rehabilitation. He also instructed the use of more machinery to clear landslide debris from Punnapuzha.
The minister said Rs 3.6 crore was allocated for Kudumbashree's micro plan and Rs 43.7 crore was spent on land acquisition at Elstone Estate. A total of Rs 13.3 crore was given as compensation to the families of 220 deceased people and Rs 15.6 crore was provided to 104 people as financial support of Rs 15 lakh each instead of housing.
For livelihood support, Rs 10.1 crore was given to 1,133 people. Another Rs 20 crore was approved for running the township's special office. Emergency aid of Rs 1.3 crore and rental support of Rs 4.3 crore were also provided.
The minister said foundation work of 51 homes is complete. Dynamic cone penetration tests were done for 54 homes and plain cement concrete work was finished in 41. Foundation work is in progress for 19 more homes.
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
Site preparation for the second phase of construction is progressing rapidly.
Rajan said the model home will be completed by the end of July. At present, 110 workers are working on site and more labourers will be brought in soon to speed up the work, he added.
Responding to the concerns raised by people in Padavettikunnu who are not on the township beneficiary list, the minister said their requests would be examined. He assured that the government would not abandon disaster-affected families.
He said that a separate bank account was opened to handle all financial transactions related to construction of the township. A monitoring committee including the chief minister, the opposition leader and sponsor representatives is overseeing the full process to keep it transparent.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Economic Times
27 minutes ago
- Economic Times
Warren Buffett's 7 point playbook for mutual fund investors
Warren Buffett has never been one to follow trends. At 94, the Berkshire Hathaway chairman has steered clear of mutual funds, preferring to invest directly in businesses he understands. Yet his investment doctrine, built on low cost, long-term focus and unfailing rationality, offers a framework for mutual fund investors navigating increasingly volatile markets. ADVERTISEMENT Buffett's investing wisdom, distilled over decades, emphasises restraint over reaction, simplicity over strategy, and time as the most dependable compounding force. In an environment where fund flows often chase headlines and past performance tables, his principles remain a sharp counterpoint, and arguably, more relevant than ever. In his 2016 shareholder letter, Buffett delivered a stinging assessment of the asset management industry: 'When trillions of dollars are held by Wall Street managers who charge huge fees, the real profits usually accrue to the managers, not to the investors.' His endorsement of low-cost index funds, particularly for those unwilling or unable to scrutinise markets full-time, has been consistent. Posthumously, he has said, 90% of his personal fortune is to be allocated to S&P 500 index funds, and only the cheapest India, the implications are clear. Large-cap index funds tracking the Nifty 50 or Sensex offer broad market exposure at a fraction of the cost of actively managed schemes, with higher tax efficiency and lower tracking error in the long run. ADVERTISEMENT 'Only buy something you would be happy to hold if the market closed for the next 10 years.' This often-cited line captures Buffett's disdain for market timing and his belief in the power of mutual fund investors, the lesson is unambiguous: avoid frequent portfolio reshuffling, select schemes with robust long-term performance, and allow them the runway to deliver. Switching funds to chase near-term returns is, in Buffett's view, self-defeating. ADVERTISEMENT 'Give time to a good investment, and time will be your best friend,' Buffett says. ADVERTISEMENT Buffett has long maintained that successful investing owes more to temperament than intellect. 'Investors should be able to separate themselves from the fear or excitement of the crowd, and focus on a few basic principles,' he wrote in mutual fund participants, the prescription is clear: regular SIPs, realistic expectations, and emotional discipline. In other words, no CFA charter is required. ADVERTISEMENT 'Watching the market too closely can be harmful.' Buffett has warned of the dangers of hyper-monitoring, noting how short-term volatility can breed panic and is famously dismissive of overreaction: 'The stock market is a device for transferring money from the impatient to the patient.'Fund investors, he suggests, should ignore daily NAV updates, resist reacting to headlines, and trust the process. SIPs work best when left undisturbed. Also read: How Jane Street targeted over 40 Nifty, Nifty Bank stocks in expiry-day trades 'Be fearful when people are greedy, and greedy when people are fearful,' Buffett once said, a philosophy that turns crisis into market downturns, when most investors withdraw, Buffett sees value. 'Fear is your friend when investing in quality at a discount.' Mutual fund investors would do well to continue their SIPs during corrections and consider additional allocations. The best returns often follow the worst headlines.'Risk comes from not knowing what you're doing.' Buffett's remark underscores the importance of understanding one's investments, a frequent blind spot in mutual fund type, sector exposure, and volatility characteristics matter. Sectoral and small-cap funds demand longer horizons; international funds carry currency risks. Chasing last year's winners without understanding their structure, Buffett warns, is an invitation to disappointment.'The first rule of investing is don't lose money, and the second rule is don't forget the first.'Buffett has made no secret of his disdain for predictions. 'Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.'Mutual fund investors, in his view, should not reallocate based on short-term rankings or macro calls. A fund's performance over six months says little about its suitability over ten years. Steadiness, not speculation, wins the philosophy is not anchored in the mechanics of mutual funds but in the principles that underpin all sound investing: cost, time, clarity, and composure. His rules, though simple, are anything but simplistic. They ask investors to resist distraction, eschew complexity, and commit with conviction. Also read | Warren Buffett's billion-dollar EV play backed BYD, so why not Tesla? For those seeking to build wealth through mutual funds, the path is not paved with forecasts or fast trades, but with a patient alignment to fundamentals. That, Buffett would argue, is where the real compounding begins. (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)
&w=3840&q=100)

Business Standard
35 minutes ago
- Business Standard
India misses Rs 1-trillion marine export target set under PMMSY by FY25
India's marine exports have fallen short of the ambitious target of exporting products worth Rs 1 trillion under the flagship Pradhan Mantri Matsya Sampada Yojana (PMMSY) by FY25, owing to a global economic slowdown, compliance issues, infrastructure bottlenecks, policy gaps, and a lack of product diversification, experts said. Experts attribute inflation in major importing nations as one of the reasons for reduced demand for marine products. 'Export volumes were greatly hurt by inflationary pressures and decreased consumer spending, particularly in the United States, European Union, and Japan,' said S S Raju, Principal Scientist at the Central Marine Fisheries Research Institute (CMFRI). Additionally, the stringent quality standards set by importers have hurt the sector. 'Consignment rejections and delays were caused by problems with antibiotic residue, traceability, and certification requirements,' said Raju. Launched in 2020, the Pradhan Mantri Matsya Sampada Yojana aimed to double India's marine export earnings to Rs 1 trillion by FY25 from the 2018–19 baseline, as per the official website of PMMSY. The scheme 'envisages to enhance fisheries exports to Rs 1 lakh crores by 2024–25,' Fisheries Minister Rajiv Ranjan Singh reiterated in a written reply in Parliament in August 2024. The original baseline export figure for 2018–19 was cited as Rs 46,589 crore, which was later revised to Rs 46,613.03 crore by the Marine Products Export Development Authority (MPEDA). In the Union Budget for FY25, the government allocated Rs 2,352 crore towards PMMSY, which was 89.8 per cent of the total allocation (Rs 2,616.44 crore) made for the Department of Fisheries. The shortfall comes at a time when India's fisheries sector is staring at a fresh crisis. The United States (US) — the largest export destination for India's marine products — may impose retaliatory tariffs starting 9 July. India is currently engaged in bilateral trade talks with the US to avert the impending duty hike. If the tariffs come into effect, 'a billion-dollar sector could be upset by this approach since American consumers might cut back on imports or look for other suppliers,' said Raju. Rajamanohar Somasundaram, founder of Aquaconnect, explained the policy gaps in aquaculture. While the Kisan Credit Card (KCC) scheme addresses the working capital needs of traditional agriculture, its credit limits often fall short for aquaculture farmers, whose capital requirements are significantly higher, said Somasundaram. Besides these, infrastructure bottlenecks continue to cripple the sector. In many coastal states, harbours, processing facilities, and cold chain infrastructure are still operating below capacity, said Raju. Exporters also face issues such as high freight costs and a scarcity of containers. 'Shipment delays and higher transportation expenses made it harder to compete in global markets,' he added. Experts and market participants call for both product and export market diversification. Frozen shrimps account for 66 per cent of total marine export value, according to the Ministry of Commerce and Industry. 'Because of this over-reliance, the industry is more vulnerable to changes in the market or disease outbreaks,' said Raju. Echoing a similar sentiment, Somasundaram believes in 'diversifying both our product portfolio and export markets, backed by a value-driven strategy such as promoting high-potential species and deepening our presence in underpenetrated regions like the Middle East and South Korea.' Despite these concerns, marine product exports saw a jump of 20.8 per cent in April 2025. The country exported these products worth Rs 4,981 crore in April 2025, compared to Rs 4,122 crore during the same period a year ago, government data showed. Emails and queries sent to the Ministry of Fisheries and MPEDA did not elicit a response till the time of going to press.


Time of India
35 minutes ago
- Time of India
Want a Canadian degree? Prove you can afford ₹14 lakh, or no entry from September
Indian students must show Rs. 14 lakh in their accounts for living expenses in Canada. Planning to head to Canada for higher studies? You'll need more than just good grades and a college offer. Starting September 1, 2025, international students—including thousands from India—must show they have at least CAN $22,895 (roughly ₹14 lakh) in their bank account just to qualify for a study permit. That's a CAN $2,000 hike from the current requirement. The announcement, made by Immigration, Refugees and Citizenship Canada (IRCC), means that dreaming of a degree in Canada now comes with a serious financial checkpoint. Bigger wallet, stricter rules This change applies to all international students applying to schools outside Quebec. The government says it's simply aligning visa requirements with the actual cost of living in Canada—which, let's face it, hasn't exactly been getting cheaper. So, if you're applying for a study permit on or after September 1, make sure you've got the revised amount in hand. Submitting your application before that? You're still covered under the old rule of CAN $20,635. Bringing family? Bring more money Moving with family? Your proof of funds just got even more expensive. Here's the updated breakdown: 2 people: CAN $28,502 3 people: CAN $35,040 4 people: CAN $42,543 Each additional family member adds another CAN $6,170 to the total. Translation: Canada wants to make sure your entire household can survive the snow and the rent. No vague promises: Canada wants hard proof You can't just say you'll 'figure it out' once you land. IRCC has made it clear: no funds, no visa. Here's what they'll actually accept as proof: A Canadian bank account in your name A Guaranteed Investment Certificate (GIC) An education loan letter from a bank Recent bank statements (last 4 months) A bank draft convertible to Canadian dollars A formal letter from whoever's sponsoring you Proof of scholarship or Canadian government funding In short, your financial paperwork needs to be airtight. Show the money before you show up If you're serious about Canada, get your financial documents ready—especially if you're applying after September 1. The updated rules are non-negotiable. One missing document or shortfall in funds could mean no study permit. This isn't a deterrent, says IRCC. It's a reality check. Canada still wants bright, driven international students—it just wants to make sure they can actually afford to live there once they arrive. So before you book your ticket or dream of sipping Tim Hortons on a snowy campus, ask yourself: Got ₹14 lakh ready to go? Ready to navigate global policies? Secure your overseas future. Get expert guidance now!