Cabinet gives nod for Rs 263 Cr elevated rotary flyover, overbridge at Byappanahalli in Bengaluru
Bengaluru, Feb 1: The Karnataka cabinet on Thursday has given assent to construct an elevated rotary flyover at IOC Junction and an additional two-lane railway overbridge at Byappanhalli railway level crossing in Bengaluru.
The two constructions will be completed at an estimated cost of Rs 263 crore.
Briefing reporters here, state Law and Parliamentary Affairs Minister H K Patil said the cabinet also gave the go-ahead for the white-topping of roads in Bengaluru city, which is likely to cost Rs 1,200 crore.
"This (white topping project) was earlier decided. This is only ratification," he explained.
Administrative approval was also given to Bangalore Water Supply and Sewerage Board to provide drinking water to 110 villages that were not getting piped water supply. These villages were added to the limits of the Bruhat Bengaluru Mahanagara Palike as far back as 2006.
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Patil said the cabinet also greenlighted the filling up of 20 tanks in Uchagaon and Santibastavad Hoblis of Belagavi Taluk of Belagavi District. The estimated cost of the project is Rs 287.55 crore.
Similarly, 61 lakes in Hirebagewadi in Belagavi District are to be augmented at an estimated cost of Rs 519.10 crore, excluding GST of Rs 106.5 crore, while a bridge-cum-barrage is to be constructed at the Tungabhadra river in Chikkamanchali village of Raichur district for an estimated cost of Rs 158.10 crore.
According to Patil, this project will require the consent of Andhra Pradesh as it borders the neighbouring state.
A revised estimate of Rs 499 crore for the construction of a new Haveri Medical College and hostel for students and residential quarters for teaching and non-teaching staff also got cabinet approval today.
Likewise the revised estimates of Rs 810 crore for Chikkaballapura Nandi Medical Science Institute, Rs 416 crore for Yadgir Medical Science Institute and Rs 455 crore for Chikkamagaluru Medical Science Institutes were also okayed by the cabinet.
Additionally a 300-bed hospital is to be built at a cost of Rs 126.90 crore on the Gulbarga Medical Science Institute campus.
Another important decision taken by the cabinet is to waive Rs 440.20 crore worth interest on default loans if farmers return the principal amount of their short-term and long-term loans.
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New application filed in SC against Adani group over US indictment
New Delhi: A fresh application has been submitted to the Supreme Court of India, seeking the inclusion of key documents related to the recent US indictment of the Adani Group. Filed by advocate Vishal Tiwari, the petition aims to introduce two critical pieces of evidence into an ongoing case related to the Adani Group's financial practices.
The first document is a formal US court indictment accusing Gautam Adani, his relative Sagar Adani, and other company executives of orchestrating a massive bribery scheme to secure solar energy contracts worth billions of dollars in India. The indictment alleges that over $250 million in bribes were paid to Indian government officials to obtain these lucrative contracts.
The second document is a complaint from the US Securities and Exchange Commission (SEC), which accuses the Adani Group of securities fraud. The SEC alleges that Adani executives misled investors to raise funds for these solar projects, despite knowing that part of the capital was linked to corrupt activities.
This development follows the US Attorney's Office's recent charges against the Adani executives, who are accused of masterminding a bribery scheme to secure power supply contracts with state-run utilities in India. The contracts were expected to yield up to $2 billion in profits over two decades.
These charges come amid an ongoing investigation by India's Securities and Exchange Board (SEBI) into the Adani Group, after allegations of stock manipulation and market irregularities surfaced, particularly following the release of the Hindenburg Report in early 2023. The new US legal documents could play a crucial role in strengthening the investigation into the Adani Group's business operations.
