Kochi metro’s Bliss City project may take InvIT route
The Hindu
‘Option may help lessen financial burden on KMRL’
Kochi Metro Rail may choose the InvIT mode to raise funds for its approximately ₹3,000-crore Bliss City project in Kakkanad so that the project can be executed without the metro agency availing loan for capital investment. The Bliss City has been envisaged as a wellness and wholesome entertainment destination in 31 acres of land in Kakkanad, to garner non-ticketing revenue for Kochi metro’s operation and maintenance. InvIT or Infrastructure Investment Trust funds are similar to mutual funds. While mutual funds provide an opportunity to invest in equity stocks, an InvIT allows one to invest in income-generating infrastructure projects. Even as land would continue to belong to the owner agency (in this case, KMRL), stakeholders who invest will be responsible for the project’s operation and maintenance.
ACB report reveals 173 Maharashtra officials not suspended despite corruption allegations since 2012.
The Kaveri 2.0 portal experienced performance issues in December 2024 and January 2025.
The duration of the work in Goshen library in Chintadripet is 12 months; three months have elapsed, and the work would reportedly be completed before the deadline.
Maharashtra minister Chandrashekhar Bawankule said on February 16, 2025, that separate provisions have been made for each welfare scheme and none has been affected by the flagship Mukhyamantri Majhi Ladki Bahin Yojana.
Perplexity AI has launched Deep Research, its AI research tool for free to compete with OpenAI and Google’s research tools.
West Bengal falls short in solar energy capacity, with only 5% of estimated potential installed, BJP criticises Mamata Banerjee.
Two more persons have been arrested and remanded in connection with the double murder case reported under Perambur police station limits in Mayiladuthurai district on February 14, 2025.
Union Minister Suresh Gopi warns officials against taking bribes, emphasizes importance of public service and growth of tourism sector.
Poongodi Mathiarasu, a puppetry enthusiast, aims to spread the art form's therapeutic benefits through workshops and performances.
Tribal healer in Odisha impresses Ayurvedic experts with traditional treatments for chronic diseases, sparking scientific curiosity and conservation efforts.
Understanding the impact of earthquake depth on damage and intensity of shaking in concise detail.
Minister Sekarbabu rededicates renovated tank at Raveeswarar temple in Vyasarpadi, with upcoming temple structure lift and kumbabhishekam.
Talisva Winery in Karnataka creates unique wines, including a betel leaf and areca nut dessert wine, with expansion plans.