Bengaluru (PTI): Prime Minister Narendra Modi will be in poll bound Karnataka's northern districts of Yadgiri and Kalaburagi on Thursday to lay foundation stone and inaugurate projects worth more than Rs 10,800 crores.
This will be the second such visit by the Prime Minister to Karnataka this month. He was in Hubballi on January 12 to inaugurate the National Youth Festival, during which he had held a massive road show.
According to an official release, at around 12 noon, in Kodekal, Yadgiri district, the Prime Minister will lay the foundation stone and inaugurate various developmental projects related to irrigation, drinking water besides a National Highway development project.
Later, at around 2:15 PM, Modi will reach Malkhed, Kalaburagi District, where he will distribute title deeds (hakku patra) to the eligible beneficiaries of newly declared revenue villages and also lay the foundation stone for a National Highway project.
The visit also gains significance, as the ruling BJP prepares for assembly polls in Karnataka and has set a target of winning a minimum of 150 out of total 224 seats which will go for polls by May.
Aimed at providing safe and adequate drinking water through individual household tap connections to all households, Modi will lay the foundation stone for Yadgir multi-village drinking water supply scheme under Jal Jeevan Mission at Kodekal in Yadgiri District, also a Water Treatment Plant of 117 MLD will be built under the scheme.
The project, which costs more than Rs 2,050 crore, will provide potable water to about 2.3 lakh households of more than 700 rural habitations and three towns of Yadgiri district.
During the programme, the PM will also inaugurate Narayanpur Left Bank Canal Extension Renovation and Modernisation Project (NLBC ERM).
The project, with a canal carrying capacity of 10,000 cusecs, can irrigate 4.5 lakh hectares of command area. It will benefit more than three lakh farmers in 560 villages of Kalaburgi, Yadagir and Vijaypur districts. The total cost of the project is about Rs 4,700 crores.
Later, he will also lay the foundation stone of the 65.5 km section of NH-150C. This 6-lane Greenfield road project is part of Surat Chennai Expressway. It is being built at a cost of about Rs 2,000 crore.
Further pointing out that about 1,475 unrecorded habitations have been declared as New Revenue villages in five districts of Kalaburagi, Yadgiri, Raichur, Bidar and Vijayapura, the release said, at Malkhed village of Sedam Taluka of Kalaburagi district, the Prime Minister will distribute title deeds (hakku patra) to the eligible beneficiaries of these newly declared revenue villages.
The issuance of title deeds to more than 50,000 beneficiaries, who are largely from the marginalised and vulnerable communities from the SC, ST and OBC, is a step to provide a formal recognition from the government for their land, and will make them eligible for receiving government services like drinking water, electricity, roads etc.
During the programme, the Prime Minister will also lay the foundation stone of the 71 km section of NH-150C. This 6 lane Greenfield road project is also part of Surat Chennai Expressway. It is being built at a cost of more than Rs 2,100 crore.
Surat Chennai Expressway will pass through six states- Gujarat, Maharashtra, Karnataka, Telangana, Andhra Pradesh, and Tamil Nadu. It will reduce the existing route from 1,600 Kms to 1,270 Kms.
The PM after finishing with his engagements in Karnataka will leave for Mumbai.
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New Delhi, Dec 5: Investors' wealth surged Rs 15.18 lakh crore in five days of market rally that took the BSE benchmark Sensex up over 3 per cent.
In the past five trading days, the BSE barometer has jumped 2,722.12 points or 3.44 per cent.
Rallying for the fifth day running on Thursday, the 30-share benchmark Sensex jumped 809.53 points or 1 per cent to settle at 81,765.86. During the day, it soared 1,361.41 points or 1.68 per cent to 82,317.74.
The market capitalisation of BSE-listed firms surged Rs 15,18,926.69 crore to Rs 4,58,17,010.11 crore (USD 5.41 trillion) in the last five sessions.
The NSE Nifty surged 240.95 points or 0.98 per cent to settle at 24,708.40 on Thursday.
"Nifty surged for the 5th straight day, closing 0.98 per cent higher at 24,708, despite intraday volatility. It joined global markets in optimism, following new highs on the Dow, S&P 500, and Nasdaq. Bank Nifty also gained 0.63 per cent, while IT stocks rallied 1.95 per cent," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.
From the 30-share pack, Tata Consultancy Services, Infosys, Titan, Bharti Airtel, Bajaj Finance, ICICI Bank, Tech Mahindra and HCL Technologies were the biggest gainers.
NTPC, Asian Paints and IndusInd Bank were the laggards.
As many as 2,141 stocks advanced while 1,825 declined and 117 remained unchanged on the BSE.
"Indian equities staged a strong rebound during the day, fuelled by robust buying in heavyweight stocks across various sectors and positive market sentiment. The upmove was further supported by Foreign Institutional Investors (FIIs), who turned net buyers, contributing over Rs 5,000 crore in the past two sessions," Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd, said.
Among sectoral indices, BSE Focused IT soared the most 1.96 per cent, while teck jumped 1.92 per cent, IT by 1.81 per cent and telecommunication 0.95 per cent. Bankex (0.68 per cent) and consumer durables (0.66 per cent) also advanced.
BSE services and realty emerged as the laggards.
The BSE midcap gauge climbed 0.27 per cent and the smallcap index went up by 0.16 per cent.
Foreign Institutional Investors (FIIs) bought equities worth Rs 1,797.60 crore on Wednesday, according to exchange data.