Maha Metro to find a new Metro variant for Nashik city
Nashik:
Maharashtra Metro Rail Corporation
Ltd (Maha Metro) has started the process to find a new variant of Metro for Nashik city, instead of the Neo Metro project that was proposed earlier by the govt.
As per the instructions of the Centre, Maha Metro has also decided to revise the previous detailed project report (DPR) of the Neo Metro, based on the new variant that is to be decided following the mobility survey of the city.
A senior Maha Metro official told TOI that they are studying the alternative for 'Neo Metro' project as per instructions from the Centre. "We are also studying the transport system of other overseas cities to find the variant of the Metro that will suit Nashik city."
There has been a change in the traffic pattern of the city in the last six to seven years, particularly after the Nashik airport became operational. Hence, the new Metro variant or any suitable transport model that fits Nashik city is to be decided shortly, said an official from the Maha Metro.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
How can a 3-month-old get cancer? Please help!
Give Hope India
Donate Now
Undo
The survey to prepare the mobility plan of Nashik city is already in progress and is to be completed within one and a half months. "We are also noting the details about mobility survey to revise the previous DPR of the project. We will soon finalise the new transport model or a
Metro variant for Nashik city
and approach the Centre," said the official.
Tarun Kapoor, an advisor to the Prime Minister Narendra Modi, during a Kumbh Mela-related meeting held on April 18 through VC, instructed the Maha Metro to study the public transport system in Mexico, Abu Dhabi, and other overseas cities to find an alternative for the Neo Metro project for Nashik city.
Union finance minister Nirmala Sitharaman had announced the Neo Metro project for Nashik city while presenting the budget for the financial year 2021-22, makinga provision of Rs 2,092 crore for the same.
Maha Metro had proposed the rubber-tyred Neo Metro project with AC electric coaches. The two elevated corridors with a total length of 32 km were supposed to be constructed under the project. But the project did not receive the approval of the Union cabinet.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
14 minutes ago
- Business Standard
Annual FASTag pass to make highway toll payment easier: This is how
An annual pass for non-commercial private vehicles will make FASTag payments easier and economical when it is launched on August 15, said the government. The FASTag Annual pass costs Rs 3,000. A new policy will allow private vehicle owners to make up to 200 toll-free trips on national highways within one year of activation, said Union Minister for Road Transport and Highways Nitin Gadkari on X. The pass will be valid either for a full year or till the user completes 200 trips, whichever happens earlier. The policy will help benefit frequent travellers who have to pay at toll plazas located within 60 km of each other, an issue that has long been a source of frustration. Where and how to activate FASTag Annual Pass The pass will be available on the Rajmarg Yatra App, along with official websites of the National Highways Authority of India (NHAI) and the Ministry of Road Transport and Highways (MoRTH). A dedicated link for activation and renewal will be provided soon. Only private, non-commercial LMVs like cars, jeeps and vans are eligible. FASTag Annual Pass launch date: August 15, 2025 Key benefits of the FASTag Annual Pass Nationwide access: Valid for all national highways
Time of India
16 minutes ago
- Time of India
Deepak Shenoy's Capitalmind Mutual Fund files its first draft document with Sebi for a flexi cap fund
Deepak Shenoy 's CapitalMind Mutual Fund has filed its first draft document with Sebi to launch a flexi cap fund - Capitalmind Flexi Cap Fund . The fund will be an open-ended dynamic equity scheme investing across large cap, mid cap and small cap stocks. The investment objective of the fund will be to generate long-term capital appreciation by investing predominantly in equity & equity related instruments across market capitalization i.e. large-cap, mid-cap and small-cap stocks. Also Read | ITC and Cochin Shipyard among stocks that Quant Mid Cap Fund bought and sold in May Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Undo It will be benchmarked against NIFTY 500 TRI and will be managed by Anoop Vijaykumar . The fund will offer regular and direct plans both with growth option only. For each purchase of units through lumpsum / switch-in / Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), exit load on redemption / Systematic Withdrawal Plan (SWP) / Switch-out, will be as: (i) If units redeemed or switched out within 12 months from the date of allotment – 1% of the applicable NAV (ii) If redeemed/switched out after 12 months from the date of allotment, the exit load will be nil. Live Events The minimum application amount for lumpsum investment is Rs 5,000 and in multiples of Re 1 thereafter. For SIP, the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter with a minimum of 6 instalments. The fund will allocate 65-100% in equity and equity related instruments of large cap, mid cap and small cap companies, 0-35% in debt securities & money market instruments (including cash & cash equivalents), 0-10% in units issued by REITs and INVITs, and 0-5% in units of mutual fund scheme. The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalizations. We employ a rule-based active approach using proprietary rule sets developed through an analysis of market, macroeconomic, and fundamental factors. Also Read | Money market funds outshine liquid & overnight funds in May. Time to rethink emergency fund strategy? 'Our equity allocation decisions are data-driven, based on objective market variables, including but not limited to macroeconomic variables, current equity market valuations and interest rates. Final investment decisions will be taken by the Fund Manager(s) based on the data referenced above, but may also be based on specific subjective analysis of underlying securities,' the fund house said in the draft document. Stock selection and weighting utilize quantitative factor-based methodologies designed to achieve a balanced mix of attributes that support long-term performance within defined risk parameters. A factor represents any quantifiable attribute that significantly explains the risk and/or return characteristics of a security. The Scheme may employ single factors or combinations to enhance diversification and risk control. According to the draft document, the scheme will be suitable for investors who are seeking - long term wealth creation and investment predominantly in equity and equity related instruments across large cap, mid cap and small cap stocks.
India.com
16 minutes ago
- India.com
2025 Repeats 1941s Chaos? Viral X Posts Link Ahmedabad Crash, Wars Chaos And Kumbh Stampede, Twitter Reacts
As 2025 is shaped with a string of catastrophic occurrences in India and worldwide, social media is running rampant with comparisons to 1941, all because the two years' calendars show such an uncanny similarity. Both years started on a Wednesday and have the same date-to-day correspondence, leading people to speculate that history is repeating itself in a year that has been filled with wars and disasters. This year, India has been hit by several catastrophes: a fatal stampede during the Kumbh Mela in Prayagraj that killed more than 30 people, a terrorist attack on Pahalgam killing 26 tourists, India's counterattack operation Sindoor against Pakistan, a stampede at Bengaluru while celebrating RCB's IPL win that left 11 dead, a factory fire in Gujarat killing 17 people, and an Ahmedabad plane crash that killed 269. These incidents have compared with 1941, a year characterised by global upheaval amidst World War II. In 1941, the world was at war. On May 27, the British Navy had sunk the German battleship Bismarck in the North Atlantic, which cost more than 2,000 German soldiers their lives—a catastrophe some attribute to the Ahmedabad plane crash based on its magnitude of loss. On July 26, US President Franklin Roosevelt confiscated Japanese assets in response to Japan's takeover of French Indochina. Nazi Germany invaded the Soviet Union in Operation Barbarossa, and Japan attacked Pearl Harbor, which brought the US into the war, making wars fiercer in Europe, Asia, and Africa. The world economy fell further into depression. Today, 2025 reflected all that turmoil. The Russia-Ukraine war continues, and Iran and Israel are at outright war, as Israel fired missiles on Iran's nuclear plants, including the Arak reactor, after a Hamas-Israel ceasefire broke down. In South Asia, the April 22 Pahalgam attack in Jammu and Kashmir, which resulted in 26 civilian deaths, led to a four-day India-Pakistan clash, with India's Operation Sindoor against militant facilities and Pakistan firing back, killing 16 civilians. A ceasefire agreement was made on May 10, but tensions are still running high. The same calendars—1941 is not a leap year, nor is 2025, and both are in the Gregorian cycle—have generated viral conversations on X, where people pointed out uncanny similarities between the years' occurrences. "1941 and 2025: same calendar, same chaos?" @AdvAshutoshBJP — ADV. ASHUTOSH J. DUBEY (@AdvAshutoshBJP) June 17, 2025 From Kumbh stampede to Israeli-Iran strikes, 2025's tragedies have left India and the world in shock and dismay, wondering if history's darkest pages are being repeated.
