IPO season heating up with Rs 2.58 lakh crore in queue: Is Dalal Street ready?
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Time of India
33 minutes ago
- Time of India
‘Irregularities in construction of LNJP block, file sent to LG'
New Delhi: A day after the closure of a corruption case against former minister Satyendar Jain, Delhi govt on Tuesday alleged irregularities in the construction of a block at LNJP Hospital during the tenure of the previous AAP dispensation. Tired of too many ads? go ad free now PWD minister Parvesh Verma said the govt had sent the file to lieutenant governor VK Saxena for a probe. "The budget sanctioned for the construction increased by Rs 650 crore. (Former) PWD minister Satyendar Jain got changes done. He would go on inspection and suggest changes, which led to cost escalation. There was a scam of Rs 650 crore," Verma alleged. LG will forward the file to either ACB or CBI, he added. AAP responded by claiming that every day, BJP hatched conspiracies against AAP functionaries and squandered taxpayers' money on these directionless investigations. "Just a day ago, the court taught them a lesson by closing one of the CBI cases against Satyendar Jain. The court clearly stated that CBI had registered a baseless case with no corruption, no criminality and no evidence," it said. Saxena set up a committee last year to examine the "procedural lapses" in the LNJP project and it was found that the original contract amount was Rs 465 crore, which escalated by almost 243% to Rs 1,139 crore. The committee highlighted alleged irregularities and violations in the consultancy work under Jain, the then health minister. It suggested that a favoured architect consultant was appointed without a proper tender, violating procurement and general financial rules, sources said. Although six consultants were empanelled, it was noted that financial bids must be called separately for each project. This requirement was ignored and an arbitrary decision was taken to appoint consultants district-wise or region-wise, they said, claiming that this effectively meant that a single consultant was allowed to handle all projects.
Deccan Herald
39 minutes ago
- Deccan Herald
Bengaluru: Aster DM Healthcare to invest Rs 580 crore on 500-bed hospital in Yeshwanthpur
Bengaluru: Healthcare provider Aster DM Healthcare on Tuesday announced a Rs 580-crore investment to develop a 500-bed multi-specialty hospital in Yeshwanthpur. This new facility will be Aster's fifth hospital in Bengaluru, bringing its total bed capacity in the city to 2,580 new hospital is expected to be operational in the second half of FY Azad Moopen, founder and chairman, Aster DM Healthcare, said, 'The Yeshwanthpur hospital marks a significant milestone in Aster DM Healthcare's India growth strategy, especially in a vibrant and rapidly evolving healthcare market like Bengaluru. With this addition, we are expanding our capacity in the city to 2,580 beds—making it one of the largest private hospital networks in a single Indian metro.'.'Equip maxillofacial surgeons in govt hospitals'. 'Over the next few years, we aim to significantly increase our presence across South India by entering new cities and strengthening our footprint in existing ones,' he added.. Yeshwanthpur caters to a catchment of nearly 3–4 million people, with growing demand for advanced tertiary healthcare services.
Time of India
an hour ago
- Time of India
MCD aims to inaugurate multilevel shuttle car parking facility at greater kailash this month
New Delhi: The Municipal Corporation of Delhi plans to inaugurate its multilevel shuttle car parking facility at M Block Market in Greater Kailash I by the month-end. All civil and electrical works have been completed. Tired of too many ads? go ad free now There are 18 trees that have to be removed and MCD expects permission to chop them down to come within a week from the forest department. "These trees, located along the periphery of the parking area, need to be removed to create a 6-metre space for the movement of emergency vehicles, in accordance with building norms," said an MCD official. "After clearing the trees, the fire services no-objection will be sought." The facility, constructed at a cost of Rs 63.7 crore, consists of a shuttle or robo parker style parking which involves using automated systems and robots to park and retrieve vehicles. It is space-efficient and convenient. The facility, equipped with four lifts, will be fully automatic with no manual intervention. Built on a 2,240 sqm plot, the parking has the ground floor and eight floors above it, offering space to park 399 cars. While the construction began three years ago, MCD sought permission to fell the trees over a year ago. The civic body received anticipatory approval from the fire service and continued the work. "The footfall at the market is heavy most of the time. It is common to see many vehicles parked on the roadsides, leading to inconvenience to others," said a local resident. "To resolve the problem, construction of the parking lot was taken up on a portion of the surface parking site and work began in March 2022 with an 18-month deadline but it was breached in Sept 2023. " Since the project is taking time to finish, the shop owners have requested opening up space for a few cars to park. Tired of too many ads? go ad free now According to an official, under the project terms, the concessionaire building the facility will operate and maintain the automated shuttle parking at the market for 10 years and transfer 70% of the money collected as parking fees to MCD. The municipal corporation pointed out that stack and puzzle parking lots can accommodate a larger number of vehicles within a compact space compared with other parking types. Moreover, they can be assembled more quickly and developed at a lower cost than conventional parking facilities. In such projects, the concessionaire responsible for constructing the parking lot can operate it for a minimum of one year.
