Coimbatore: Industrial associations in the district have appealed finance minister Nirmala Sitharaman to direct banks to extend the moratorium on term loan by another one year to June 30, 2022.
With the one-year moratorium period that was announced last year coming to an end, they said many industrial players, who are crippled by the hike in raw material price, wouldn’t be able to repay their term loans.
They wrote to the finance minister on Thursday, stating the micro, small and medium enterprises (MSMEs) were only recovering from the impact of last year’s lockdown and heavily hit by the unprecedented and abnormal increase in prices of raw materials by 70%. They said the second wave of Covid-19 had also affected them.
Coimbatore: In a huge pre-poll bonanza for the district, deputy chief minister O Panneerselvam allocated Rs 6,683 crore for the metro rail project in the interim budget that was tabled on Tuesday. The fund allocation comes almost three years after he announced the metro rail project for the district in the assembly.
He said a detailed feasibility report for setting up the metro rail for about 44km at a cost of Rs 6,683 crore in the first phase was already prepared and the same was under scrutiny.
A source privy to the project said five corridors, covering a total distance of 144km, have been proposed and preparation of a detailed project report was underway.
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Union Minister Pralhad Joshi symbolically handing over the new medical equipment to Karnataka Institute of Medical Sciences in Hubballi on Saturday. | Photo Credit:
Kiran Bakale Karnataka Institute of Medical Sciences (KIMS) and Hospital, which received accolades for its service in the fight against the COVID-19 pandemic, on Saturday received medical equipments worth ₹5.5 crore under Corporate Social Responsibility funds of public sector undertakings.
Union Minister for Parliamentary Affairs, Coal and Mines Pralhad Joshi symbolically handed over the equipment at a function in Hubballi and lauded the doctors and paramedical staff for their commendable job in fighting the pandemic. While Coal India Ltd. has donated medical equipment worth ₹5 crore, Indian Oil Corporation Ltd. has donated equipment worth ₹50 lakh.