ED Kochi seizes shipyard company's assets worth Rs 120 mn under PMLA
The Enforcement Directorate's Kochi Zonal Office announced that properties valued at approximately Rs 120.20 million had been attached from the shipyard company under the provisions of the Prevention of Money Laundering Act (PMLA).
According to an official release from the central agency, the attached properties comprised 35 movable properties, including securities, imported machinery, bank balances, and 2 landing barges valued at Rs 100.07 million, along with 4 immovable properties valued at Rs 20.13 million.
The release stated that on May 10, ED Kochi provisionally attached pro..
Kochi Metro Adopts Google Wallet
Kochi Metro has taken a significant step towards digitising its ticketing system by introducing Google Wallet as a payment option. This move aims to enhance convenience for commuters and promote cashless transactions on the metro network.
With the integration of Google Wallet, passengers can now purchase metro tickets seamlessly using their smartphones, eliminating the need for physical tickets or cash transactions. This initiative aligns with the global trend towards digitalization and promotes a more efficient and user-friendly public transportation experience.
The adoption of ..
Kochi Water Metro Expands Fleet
Kochi Water Metro Limited has announced the floatation of tenders for an additional 15 ferries to enhance the city's water transportation system. This move comes as part of the ambitious Kochi Water Metro project, aimed at revolutionizing public transit in the coastal city of Kochi, Kerala, India. The project, envisioned as a game-changer in urban mobility, seeks to leverage the extensive network of backwaters in the region to provide efficient and eco-friendly transportation options for residents and tourists alike.
With the successful implementation of the first phase of the project ..
Noida Airport to be linked by expressway, rapid rail, and pod taxi
The construction of Noida International Airport, also known as Jewar airport, was in its final stages, and passenger services were expected to begin in October. The airport would be linked by six roads and a rapid rail-cum-metro, in addition to pod taxis.
Upon completion, the Noida airport was projected to be the largest in India and the third in the National Capital Region (NCR) after Delhi airport and Hindon airbase in Ghaziabad.
A 31-km greenfield expressway was being built to connect the airport to the Delhi-Mumbai Expressway at Ballabhgarh.
The National Highway Aut..
Nagpur Airport: Mihan Dream grounded, vantage point lost
Nagpur's unique and strategic central location was once lauded for placing it on the nation's aviation map. It was hailed for its efforts in creating a harmonized air traffic management system with continuous airspace over the city, alongside establishing a centralized cargo hub. However, Dr Babasaheb Ambedkar International Airport is currently mired in apathy and has seemingly vanished from the national radar across various parameters, barely meeting the standards expected of a tier-2 city airport.
The airport, bearing its international tag, serves merely two flights to two foreign de..