
Karnataka hikes compensation for Bengaluru stampede victims' kin to Rs 25 lakh
While the government initially announced a compensation of Rs 10 lakh to each of the victims, along with free treatment to the injured, kin of the stampede victims will now receive a compensation of Rs 25 lakh.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Hans India
24 minutes ago
- Hans India
Job scam busted: 4 arrested, Rs 6 lakh recovered
Vizianagaram: The Vizianagaram One Town police busted a major job racket that duped several unemployed youth by promising jobs in the State Secretariat. Police arrested four members of the gang and recovered Rs 6 lakh from them. A total of nine individuals have been identified as accused in the case. Disclosing the details at a press conference held at One Town police station on Saturday, Vizianagaram DSP M Srinivas Rao revealed that the gang had collected Rs 53 lakh from seven victims across various districts, including Hyderabad, Vijayawada, Guntur, Jangareddygudem, and Vizianagaram. Each victim paid between Rs 5 to Rs 8 lakh, hoping to secure a government job in AP Secretariat. The gang operated by creating fake appointment letters and ID cards, and even took the victims to Velagapudi Secretariat in Amaravati. Sujeeth, a key accused from Pradeep Nagar in Vizianagaram, played a major role by keeping the victims at a hotel near the Secretariat for a week, providing meals, and convincing them that their appointments were genuine. The victims believed they had secured jobs until they discovered the addresses mentioned in the appointment letters were fake. Realizing they had been duped, they approached the police. The investigation began following a complaint filed by Vinod, a resident of Dharmavaram in S Kota mandal. Acting on the complaint, CI Srinivas and SI Prasanna Kumar of One Town Police traced and apprehended the culprits. The arrested individuals have been identified as Mahesh (Vizianagaram), Rubin (Jangareddygudem), John (Eluru), and Yakub. The prime accused, Sujeeth, is currently undergoing treatment at a hospital with illness. DSP said that they are searching for the other accused and will be caught soon.


Hans India
24 minutes ago
- Hans India
Deputy CM to lay foundation for Akhanda Godavari Project foundation
Rajamahendravaram: The foundation of the prestigious Akhanda Godavari Tourism Project aimed at showcasing the historical and cultural magnificence of Godavari region, will be formally held on June 19, announced by State Tourism, Culture, and Cinematography Minister Kandula Durgesh. The ground-breaking ceremony will be jointly performed by Deputy Chief Minister Konidela Pawan Kalyan and MP Daggubati Purandeswari, with the support of the Central government, he said. The Minister conducted a field visit on Saturday to oversee the arrangements for the upcoming event, inspecting key sites like Pushkar Ghat and theHavelock Bridge alongside district officials. He issued directions to ensure the smooth execution of the programme. Speaking on the occasion, Minister Durgesh said the project is being taken up with a sanction of Rs 97 crore under the SASCI 2024–25 (Special Assistance to States for Capital Investment) scheme. The works will span across Rajamahendravaram, Dowleswaram, Kadiyam, Kovvur, and Nidadavolu, aiming for completion before the 2027 Godavari Pushkaralu. He said that the project will significantly transform several locations in East Godavari district, adding new dimensions of beauty and improved tourist amenities. District Collector P Prasanthi stated that the 127-year-old Havelock Bridge, a heritage icon, will undergo beautification and modernisation. Proposed developments include waterfalls, glass bridges, a gaming zone, a space-themed park, an urban hot craft bazaar, hanging gardens, a hologram zoo, time travel experience zones, a rail museum, and an aquarium tunnel. These attractions are expected to position the location as a major tourism hotspot. The Pushkar Ghat will also be further developed, and both the ghat and the Havelock Bridge will be integrated into a single dynamic tourist destination, she added. Joint Collector S Chinna Rammudu, Municipal Commissioner Ketan Garg, RDO R Krishna Naik, Rajamahendravaram City MLA Adireddy Srinivas,and District TourismOfficer P Venkatachalam participated.


India.com
28 minutes ago
- India.com
RBI Cuts Repo Rate: Major Banks Slash Lending Rates; Know Objective Behind It
RBI Repo Rate Cut: In a bid to boost economic momentum, several major banks have followed the Reserve Bank of India's (RBI) lead after it cut the repo rate by 50 basis points. Among them, Punjab National Bank (PNB), Bank of India, and UCO Bank have announced reductions in their lending rates. The RBI's move is aimed at making borrowing easier and more affordable for both individuals and businesses. Wasting no time, Punjab National Bank was quick to respond, bringing down its repo-linked lending rate from 8.85% to 8.35%, setting the tone for others to follow. Bank of India Repo Rate: Bank of India responded to the RBI's repo rate cut by lowering its repo-linked lending rate from 8.85% to 8.35%, as disclosed in a stock exchange filing. However, the bank chose to keep its base rate and marginal cost of funds-based lending rate (MCLR) unchanged. UCO Bank Reduces MCLR Across All Loan Tenures Taking a slightly different path, UCO Bank opted to reduce its MCLR by 10 basis points across all loan tenures. This move, effective from June 10, aims to ease borrowing costs for various types of loans, including home and personal loans. Specifically, UCO Bank trimmed its overnight MCLR from 8.25% to 8.15%, the one-month rate from 8.45% to 8.35%, and the three-month rate from 8.6% to 8.5%. The six-month and one-year MCLRs were also adjusted to 8.8% and 9%, respectively. Bank of Baroda Repo Rate: Adding to the trend, Bank of Baroda announced a 50 basis point cut in its repo-linked lending rates for select loan tenures. These rate revisions follow the RBI's latest decision—announced by the Monetary Policy Committee led by Governor Sanjay Malhotra—to lower the repo rate, the key policy rate at which the central bank lends to commercial banks. The broader goal: to ease borrowing costs and stimulate economic activity. Objective Behind Cut In Repo Rate The objective behind the rate cut is to energise the economy by encouraging spending and investment through cheaper loans. In addition to the repo rate cut, the RBI also reduced the Cash Reserve Ratio (CRR) by 100 basis points, from 4 per cent to 3 per cent. Repo Rate Reduction In Four Phases This reduction will be rolled out in four phases and is expected to inject Rs 2.5 lakh crore of liquidity into the banking system. The CRR is the portion of bank deposits that must be maintained with the RBI, and lowering it allows banks to lend more. (With Inputs From IANS)