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Chennai: 62-km Outer Ring Road project to set-off as city's new commercial hub

in DNDQuick

The 62-km Outer Ring Road (ORR) project which was completed last year may soon turn into a new housing and commercial hub as CBRE, a global commercial real estate and investment services firm, has submitted a feasibility report to the Tamil Nadu Urban Infrastructure Financial Services Limited for commercial development of 50m strip along the entire 62-km stretch of the road.

The report has recommended developing a racing circuit that can be used by automobile manufacturers to host international races and to test their vehicles in India rather than sending them to foreign countries.

The Commercial Real Estate Services (CBRE) report suggested large-scale housing, industrial and commercial developments like town planning schemes of Ahmedabad.

Written by capital khabar
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507

Punjab: BJP to contest 65 seats, allies PLC 37 and SAD (Sanyukt) 17

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BJP has worked out a seat-sharing deal with its Punjab allies, keeping the lion’s share of the seats for itself. It will contest from 65 constituencies, while its allies — former CM Captain Amarinder Singh’s Punjab Lok Congress and S S Dhindsa’s faction of Akali Dal, SAD (Sanyukt), will contest from 37 and 17 respectively, BJP chief J P Nadda said on Monday.

It is the first time in over two decades BJP is playing the role of senior partner in an alliance in Punjab. It had earlier played second fiddle to the Akalis, leading to considerable heartburn among its cadres who used to argue subservience to Badals fettered the growth of the saffron outfit in the state.

Written by capital khabar
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505

Environment Ministry to start ranking state authorities to increase efficiency

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Days after facing heat for its move to rank State Environment Impact Assessment Authorities (SEIAAs) based on the speed at which they clear proposals and provide environmental clearance for projects, the Environment Ministry on Monday said the move has aimed at “encouraging the efficiency, transparency and accountability in the functioning of SEIAAs’’ without diluting any regulatory safeguards. It also said no SEIAA will be penalised for taking more time in granting permission.

The SEIAAs are responsible for providing permissions and environmental clearance for more than 90 per cent infrastructure, developmental and industrial projects in the country, once they assess that these projects have little environmental impact.

Written by capital khabar
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506

COVID- Maharashtra's cases drop sharply to 28,286; 36 die in last 24 hours

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Maharashtra on Monday (January 24) recorded 28,286 coronavirus cases, 12,519 less than the previous day, and 36 fresh deaths, including 17 in the Mumbai region, linked to the infection, the state health department said.

On Sunday, the state had recorded 40,805 new cases and 44 fatalities.

With the latest additions, the overall tally of COVID-19 cases in Maharashtra surged to 75,35,511 and the death toll jumped to 1,42,151, a department bulletin said.

Of the 36 fatalities, the Mumbai region reported 17 deaths followed by eight in Pune, five in Kolhapur, four in Latur, and two in Nashik region. Nagpur region, Akola region and Aurangabad region did not report any fresh death due to COVID-19.

Written by capital khabar
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504

Indian Railways likely to get Rs 2.5 lakh crore outlay in FY23

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The Indian Railways may get a 15-20 per cent higher allocation for the next fiscal, over last year's outlay of Rs 2.15 lakh crore, according to sources. The higher allocation would go into spending on new trains, ramped up infrastructure and passenger facilities.

The last Budget had allocated Rs 2.15 lakh crore to the Railways. Of this, Rs 1.07 lakh crore came from gross budgetary support (GBS), Rs 1 lakh crore from extra-budgetary resources and another Rs 7,500 crore came from internal resources. The GBS is the amount allocated by the government in the general Budget for the Indian Railways. It is expected to rise by Rs 18,000 to Rs 20,000 crore in the coming year.

Written by capital khabar
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