The contract of the restaurant at KSR railway station has been given to OAM Industries Pvt Ltd while Gaurav Enterprises has received the contract for Sir MV terminal railway station. The contract runs for a period of five years.
South Western Railway (SWR) is set to inaugurate a series of development projects worth ₹1,192 crore, including the redevelopment of 34 stations under the Amrit Bharat Station Scheme. Prime Minister Narendra Modi will remotely inaugurate railway underbridges and overbridges, as well as lay the foundation stone for additional projects.
At present, the ground personnel are adding final touches and applying paint to the walls. With the project nearing completion, individuals can now access the railway station from the Rajajinagar side without encountering any traffic signals. Additionally, owing to this initiative, unrestricted access will be granted to Seshadri Road, Okalipuram Road, and Krishna Mills Road.
A recent research paper places the safe withdrawal rate (SWR) from retirement corpus at 3.5%. The study incorporated parameters like equity and debt returns, inflation, asset allocation and taxes. It used both the Monte Carlo and bootstrapping simulation methods for the past 20 years of data to arrive at the estimation.