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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 Airport Expands Domestic Network
Kochi Airport in Kerala is set to enhance its domestic network by adding six new cities to its roster of destinations. This expansion aims to improve connectivity and accessibility for passengers travelling to and from Kochi, bolstering the airport's status as a key aviation hub in the region.
The addition of these six cities to Kochi Airport's domestic network is expected to cater to growing passenger demand and facilitate easier access to popular destinations across India. The expansion aligns with efforts to enhance air connectivity and support the economic and tourism sectors in Ker..
Mumbai Metro Pre-Trial Reaches Dadar
"The Mumbai Metro's pre-trial phase has progressed to the Dadar station, marking a significant milestone in the city's metro rail project. This development signals the gradual expansion of metro services and infrastructure across Mumbai.
During the pre-trial phase, the Mumbai Metro undergoes rigorous testing and validation processes to ensure its safety, reliability, and operational readiness. The extension of pre-trial operations to the Dadar station demonstrates the steady progress of the metro project towards its eventual inauguration and public launch.
The Dadar station holds..
Metro Expansion on Hold Due to Funding Delay
"The expansion of the Nagpur Metro is currently on hold as the project awaits funds for widening the Nag River stretch. This delay has impeded progress on the metro project's extension, affecting plans for improving connectivity and transportation in Nagpur.
The widening of the Nag River stretch is a crucial component of the Nagpur Metro expansion project, aimed at enhancing the metro's reach and accessibility to various parts of the city. However, the lack of funding has stalled efforts to advance construction activities along this critical stretch.
Authorities overseeing the Na..
