logo
PRASAD scheme faces scrutiny after wall collapse incident at Simhachalam temple

PRASAD scheme faces scrutiny after wall collapse incident at Simhachalam temple

Time of India06-05-2025

Visakhapatnam: The recent wall collapse incident at Simhachalam Temple, resulting in seven fatalities and one injury, has brought the Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive (PRASAD) scheme under scrutiny. The ministry of tourism launched this scheme in 2014-15.The scheme was envisioned to promote the holistic development of pilgrimage destinations across India. However, the works at Simhachalam were undertaken without adhering to proper norms and designs. More violations came to light after the visit of the three-member committee appointed by the govt following the wall collapse incident.The govt had sanctioned Rs 54 crore to take up various works, including a complex at New Ghat Road, which is against the Detailed Project Report (DPR). The pilgrimage center under construction at the bus stand on the hill has congested the area, while the cold storage facility remains incomplete. Works on food courts, Tourism Information Centre, and bus bays were not initiated due to incomplete designs.The five-storey facility for the devotees is being constructed at Old Pushkarini Chowltry, proposed against the permissions, and the parking facility is not according to the accommodation. There was no provision for stormwater at the commercial complex constructed recently. There were many violations in the works taken up under the PRASAD scheme.Whilst the PRASAD scheme works were scheduled for completion by 2024, only 60% progress was achieved, with expenditure of Rs 30.43 crore. Engineering officials are now seeking additional time beyond the March extension.Sources say that the works were taken up by the contractor, who secured the bid at 4% above the estimated value, failed to complete various works, including at the old Ghat Road, Yajnasala, VIP parking, and dress changing rooms at the Gangadhara, all due by 2024.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why MP is bringing the state back into road transport
Why MP is bringing the state back into road transport

India Today

timean hour ago

  • India Today

Why MP is bringing the state back into road transport

Two decades after the state-owned Madhya Pradesh State Road Transport Corporation (MPSRTC) was shut down in 2005, the MP government plans to introduce a bus service in the Public-Private Partnership (PPP) mode and has set up a transport authority for its regulation. A consultant has been appointed to prepare a report after identifying the routes and the potential income from them. Identification of the routes is likely to be completed for the Indore, Ujjain and Jabalpur divisions, and the service is likely to start in at least two of the divisions by the end of the current financial year.'Almost every state has a transport service that caters to the marginalised communities in remote areas,' said MP transport minister Rao Uday Pratap Singh. 'The service will also connect such remote areas with the bigger towns and cities. The chief minister has been very keen to resume this service, as its absence had compelled financially weaker people to buy bikes on loans, mostly leading to defaults in payment. We hope the service will help the cause of public transport.'advertisementThe service operators will be private entities, with the government just being the regulator. The transport authority will fix the fares and allot the routes. Operators will have to pick up less profitable routes along with profitable ones, as part of a responsibility—much like airlines being allotted non-profitable sectors along with profitable state presently has private buses plying on routes allotted to them. By the time it was shut down in 2005, the MPSRTC had been running on losses for close to a decade, with an accumulated loss of more than Rs 750 crore. Its fleet strength at its peak was around 2,700 buses, of which only around 850 were operational when it was shut down. The number of employees, however, remained the same—with the bus-to-employee ratio at a high of 1:11—adding to Another big reason for the losses was government interference in running the service and allotment of routes, besides recruitment of staff way above to India Today Magazine

HDFC Bank Infinia Credit Card: 6 reward points redemption options you shouldn't miss
HDFC Bank Infinia Credit Card: 6 reward points redemption options you shouldn't miss

Mint

time3 hours ago

  • Mint

HDFC Bank Infinia Credit Card: 6 reward points redemption options you shouldn't miss

Most banks award reward points on most credit cards, except for some cards on which they give cashback. The reward points are versatile and can be redeemed against various options. It gives the credit cardholder the flexibility to use the reward points for various purposes depending on the need at the time of redemption. The value per point differs depending on the redemption option chosen. In this article, we will understand the various redemption options that HDFC Bank provides its Infinia credit cardholders. Booking flights and hotels on SmartBuy: Infinia credit cardholders can redeem their reward points for booking flight tickets and/or booking hotel accommodation using HDFC Bank's SmartBuy platform. The reward points can be used for domestic as well as international bookings. The redemption value per point is Rs. 1. The flights and hotel bookings are powered by EaseMyTrip, Yatra, Cleartrip, and Goibibo. The cardholder can use the reward points to make bookings for self and others. The cardholder can pay up to a maximum of 70% of the transaction value with reward points. The remaining 30% transaction value must be paid with the Infinia Credit Card. A maximum of 1,50,000 reward points can be redeemed per calendar month for flights, hotel bookings, and transferring to partners on SmartBuy. Transfer reward points to partners: HDFC Bank has a tie-up with various airline and hotel transfer partners. Infinia credit cardholders can transfer their reward points to any of these transfer partners. Some of these include the following. Transfer partner Transfer ratio Reward points transfer timeline Air India Maharaja Club 2:1 Within 48 to 96 working hours Club ITC 2:1 Within 48 to 96 working hours Spicejet SpiceClub 1:1 Within 24 working hours Air Canada Aeroplan 2:1 Within 24 working hours AirAsia Rewards 1:1 Within 24 working hours Accor Live Limitless (ALL) 2:1 Within 24 working hours Avianca LifeMiles 2:1 Within 24 working hours Etihad Guest 2:1 Within 24 working hours Finnair Plus 1:1 Within 24 working hours Air France Flying Blue 1:1 Within 24 working hours IHG One Rewards 1:1 Within 24 working hours Vietnam Airlines Lotusmiles 1:1 Within 24 working hours Thai Airways Royal Orchid Plus 2:1 Within 24 working hours British Airways Executive Club 2:1 Within 24 working hours Turkish Airlines Miles&Smiles 2:1 Within 24 working hours United MileagePlus 2:1 Within 24 working hours Wyndham Rewards 1:1 Within 24 working hours As you can see above, Infinia credit cardholders can transfer their reward points to 17 transfer partners. The transfer ratio for the conversion of reward points into airmiles or hotel loyalty points differs among various partners. It ranges between 1:1 and 2:1. The timeline for the transfer of reward points to most partners is within 24 working hours. However, for some partners it may take up to 96 working hours for the transferred points to reflect in the partner account. A maximum of 1,50,000 reward points can be redeemed per calendar month for flights, hotel bookings and transferring to partners on SmartBuy. Tanishq Gift Vouchers and Apple products: While travel redemptions can give a good redemption value per reward point, not all Infinia cardholders may want to redeem points for this purpose at all times. Other options that can give good redemption value per reward point include Tanishq Gift Vouchers and Apple products. The Tanishq Gift Vouchers can be bought in various denominations ranging from Rs. 500 to Rs. 10,000. The redemption value for Tanishq Gift Vouchers is Rs. 1/reward point. The cardholder can pay a maximum of 70% of the transaction value with reward points. The balance 30% must be paid with the Infinia card. Redemption of reward points against Tanishq Gift Vouchers is capped at 50,000 reward points for every calendar quarter. Apple products like iPhone, MacBook, watch, iPad, etc., can be bought by redeeming reward points. The redemption value for Apple products is Rs. 1/reward point. The cardholder can pay a maximum of 70% of the transaction value with reward points. The balance 30% must be paid with the Infinia card. Redemption of reward points against Apple Products is capped at one product for every calendar quarter. Gift vouchers: The gift vouchers of various online and offline brands can be bought by redeeming Infinia reward points. The redemption value ranges between Rs. 0.40 to Rs. 0.50 per reward point. Merchandise: In the earlier section, we saw how Infinia credit card reward points can be redeemed against Apple products at Rs. 1/reward point. Apart from Apple products, the reward points can be redeemed against various other merchandise. The categories include electronics, fashion accessories, beauty, wellness, kitchen and home appliances, etc. The redemption value is Rs. 0.50/reward point. Conversion to cash: The reward points can be converted to cash if none of the above-discussed redemption options appeal to you. The redemption value is Rs. 0.30 per reward point. The cash amount will be credited to the credit card account in two working days. The amount will be adjusted towards the next statement balance. Redemption of reward points for cash is capped at 50,000 reward points per calendar month. As we saw in the earlier section, HDFC Bank offers multiple options for Infinia credit cardholders to redeem their reward points. Some options offer a good redemption value, while some offer a lower redemption value. Redeeming points for booking flights and hotels through SmartBuy, transfer to some airline and hotel partners, Apple merchandise, Tanishq Gift Vouchers, etc., offer a good redemption value of Rs. 1/reward point. The cardholder should ideally opt for one of these redemption options. Redeeming points for merchandise and gift vouchers offers a per reward point redemption value in the Rs. 0.40 to Rs. 0.50 range. Conversion of reward points to cash offers the lowest redemption value of Rs. 0.30/per reward point. It should be the last option to redeem reward points. The cardholder should ideally give preference for the redemption option that offers a higher redemption value per reward point. However, it all depends on the need at the time of redemption, and accordingly, the redemption option must be chosen. Gopal Gidwani is a freelance personal finance content writer with 15+ years of experience. He can be reached at LinkedIn.

Cordelia Cruises operator Waterways Leisure files DRHP to raise Rs 727 crore via IPO
Cordelia Cruises operator Waterways Leisure files DRHP to raise Rs 727 crore via IPO

Economic Times

time3 hours ago

  • Economic Times

Cordelia Cruises operator Waterways Leisure files DRHP to raise Rs 727 crore via IPO

Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Waterways Leisure Tourism, the operator of India's only domestic ocean cruise brand Cordelia Cruises , has filed its draft red herring prospectus (DRHP) with the capital markets regulator Sebi to raise Rs 727 crore through an initial public offering (IPO). The Mumbai-based company plans to issue entirely fresh shares, with no offer-for-sale to the DRHP, the company plans to utilize Rs 552.53 crore from the IPO proceeds to make lease-related payments to its step-down subsidiary, Baycruise Shipping and Leasing (IFSC) Pvt Ltd. The remaining funds will be used for general corporate IPO is being launched through the book-building route, with at least 75% of the issue reserved for qualified institutional buyers (QIBs), and the remaining 15% and 10% allocated to non-institutional investors and retail investors, Leisure operates the MV Empress—India's only premium cruise liner under the Cordelia brand. Since its launch, the ship has hosted over 5.49 lakh guests and covered more than 2.25 lakh nautical miles along Indian coasts and international destinations. It offers 796 cabins, with pricing ranging from Rs 25,230 per night for interior rooms to Rs 1.15 lakh per night for the luxurious Chairman's Suite, depending on demand and seasonal FY24, Cordelia Cruises held a 65% market share in value terms within India's ocean cruise sector, according to a CRISIL report. Its itineraries span major Indian ports such as Mumbai, Goa, Kochi, Chennai, Visakhapatnam, and Lakshadweep, along with international routes to Sri Lanka, Malaysia, Singapore, and expand its fleet and capacity, the company plans to induct two new cruise ships — Norwegian Sky and Norwegian Sun — with guest capacities of 2,004 and 1,936, Cruises is known for blending luxury with Indian cultural themes. It offers a range of experiences, including diverse cuisine, live Bollywood-inspired performances, and amenities such as gaming zones, pools, rock climbing walls, spas, and a casino. The cruise line also caters to weddings, conferences, and corporate events under its MICE (Meetings, Incentives, Conferences, and Exhibitions) FY24, the company reported revenue of Rs 442.11 crore, with Rs 409.45 crore already clocked in the first nine months of FY25, and a net profit of Rs 139.25 crore. Centrum Capital , Intensive Fiscal Services, and Motilal Oswal are acting as the book-running lead managers for the IPO. The equity shares will be listed on both NSE and BSE.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store