
Kurichi-Kuniyamuthur UGD works slated for completion by July
COIMBATORE: The pipeline installation project, executed by the Tamil Nadu Water Supply and Drainage (TWAD) Board and Southern Railways, in coordination with the Coimbatore City Municipal Corporation (CCMC), is in its final stage. The project involves laying pipelines for the
Kurichi-Kuniyamuthur drinking water scheme and the underground drainage (UGD) system across the Podanur-Pollachi railway tracks.
The civic body, along with TWAD and railway authorities, has begun setting up an iron bridge above the tracks to support the pipeline infrastructure.
The UGD project works in wards 87 to 100 in the city are being carried out at an estimated cost of `591 crores using the Asian Development Bank (ADB) fund. The work began in 2018 and was originally slated for completion by 2021. But due to the Covid-19 pandemic and other issues, the completion was delayed, and is now likely to be commissioned from June this year, added sources.
A senior official from TWAD Board told TNIE that the delay in obtaining necessary approvals from Southern Railways had pushed the timeline for the iron bridge construction. "Due to the delay in railway's approval for installing the bridge near Podanur, the overall progress was affected. However, a few UGD connections before the railway tracks have already been commissioned using the 3 MLD Sewage Treatment Plant," the official said.

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


The Hindu
an hour ago
- The Hindu
Mammoth UGD charges upset Coimbatore residents
Residents across Coimbatore city are reporting alarmingly high Under Ground Drainage (UGD) user charges on the civic body's online payment portal, with demands for some properties extending into lakhs of rupees. Coimbatore Corporation had recently passed a resolution stipulating revised monthly UGD user charges, to be assessed based on the size of buildings. As per the revised structure, residential buildings up to 600 are to be charged ₹120 per month; 601 to 1,200 at ₹150; 1,201 to 1,800 at ₹180; 1,801 to 3,500 at ₹210; 3,501 to 5,000 at ₹250; 5,001 to 10,000 at ₹280; and properties above 10,000 at ₹300 per month. However, several residents have discovered significantly inflated figures on the citizen web portal, where property taxes are also managed. P. Srinivasan, a resident of Gandhipark, said, 'The Corporation recently provided me with the UGD connection book, similar to property and water tax documents. Although no payment demand was explicitly made, I checked my account online and was shocked. My building falls within the 1,801 to 3,500 slab, which, as per the newly proposed ₹210 per month, would only amount to approximately ₹22,680 from 2017 to 2025. Yet, the portal shows a demand of ₹3,30,000.' A similar situation was reported by a resident in Nanjundapuram. For an 1,100 sqft building, the expected charge for nine years (at ₹150 per month) should be ₹16,200. However, the total displayed demand was ₹1,36,000. K. Kathirmathiyon, secretary of the Coimbatore Consumer Cause, emphasised the need for clarity. 'The State government must clarify the basis on which these charges are calculated, as there is a complete lack of transparency. Given that there were no regular monthly charges for paid UGD previously, when the civic body begins collection, it should be well-prepared to avoid such errors,' he stated. According to a senior Corporation official, any reported discrepancies will be investigated. They aim to ascertain if these are isolated cases or part of a wider problem, with steps taken to resolve them.


India Today
an hour ago
- India Today
World Bank slashes global growth forecast, cites higher tariffs and uncertainty
The World Bank on Tuesday slashed its global growth forecast for 2025 by 0.4 percentage point to 2.3 per cent, saying that higher tariffs and heightened uncertainty posed a "significant headwind" for nearly all its twice-yearly Global Economic Prospects report, the bank lowered its forecasts for nearly 70 per cent of all economies - including the United States, China and Europe, as well as six emerging market regions - from the levels it projected just six months ago before US President Donald Trump took has upended global trade with a series of on-again, off-again tariff hikes that have increased the effective US tariff rate from below 3 per cent to the mid-teens - its highest level in almost a century - and triggered retaliation by China and other countries. The World Bank is the latest body to cut its growth forecast as a result of Trump's erratic trade policies, although US officials insist the negative consequences will be offset by a surge in investment and still-to-be approved tax bank stopped short of forecasting a recession, but said global economic growth this year would be its weakest outside of a recession since 2008. By 2027, global gross domestic product growth was expected to average just 2.5 per cent, the slowest pace of any decade since the report forecast that global trade would grow by 1.8 per cent in 2025, down from 3.4 per cent in 2024 and roughly a third of its 5.9 per cent level in the 2000s. The forecast is based on tariffs in effect as of late May, including a 10 per cent US tariff on imports from most countries. It excludes increases announced by Trump in April and then postponed until July 9 to allow for bank said global inflation was expected to reach 2.9 per cent in 2025, remaining above pre-COVID levels, given tariff increases and tight labor markets."Risks to the global outlook remain tilted decidedly to the downside," the bank wrote. It said its models showed that a further 10-percentage point increase in average US tariffs, on top of the 10 per cent rate already implemented, and proportional retaliation by other countries, could shave another 0.5 percentage point off the outlook for an escalation in trade barriers would result "in global trade seizing up in the second half of this year ... accompanied by a widespread collapse in confidence, surging uncertainty and turmoil in financial markets," the report it said the risk of a global recession was less than 10 per cent.'FOG ON A RUNWAY'advertisementTop officials from the United States and China are meeting in London this week to try to defuse a trade dispute that has widened from tariffs to restrictions over rare earth minerals, threatening a global supply chain shock and slower growth."Uncertainty remains a powerful drag, like fog on a runway. It slows investment and clouds the outlook," World Bank Deputy Chief Economist Ayhan Kose told Reuters in an he said there were signs of increased dialogue on trade that could help dispel uncertainty, and supply chains were adapting to a new global trade map, not collapsing. Global trade growth could see a modest rebound in 2026 to 2.4 per cent, and developments in artificial intelligence could also boost growth, he said."We think that eventually the uncertainty will decline," he said. "Once the type of fog we have lifts, the trade engine may start running again, but at a slower pace."Kose said while things could get worse, trade was continuing and China, India and others were still delivering robust growth. Many countries were also discussing new trade partnerships that could pay dividends later, he GROWTH FORECAST CUT SHARPLYThe World Bank said the global outlook had "deteriorated substantially" since January, mainly due to advanced economies, now seen growing by just 1.2 per cent, down half a point, after expanding 1.7 per cent in US forecast was slashed by 0.9 percentage point from its January forecast to 1.4 per cent, and the 2026 outlook was lowered by 0.4 percentage point to 1.6 per cent. Rising trade barriers, "record-high uncertainty" and a spike in financial market volatility were expected to weigh on private consumption, trade and investment, it estimates in the euro area were cut by 0.3 percentage point to 0.7 per cent and in Japan by 0.5 percentage point to 0.7 per said emerging markets and developing economies were expected to grow by 3.8 per cent in 2025 versus 4.1 per cent in January's countries would suffer the most, the report said. By 2027 developing economies' per capita GDP would be 6 per cent below pre-pandemic levels, and it could take these countries - minus China - two decades to recoup the economic losses of the heavily dependent on trade with the US, saw its growth forecast cut by 1.3 percentage points to 0.2 per cent in World Bank left its forecast for China unchanged at 4.5 per cent from January, saying Beijing still had monetary and fiscal space to support its economy and stimulate Watch


Time of India
2 hours ago
- Time of India
Trade tremors deepen: World Bank slashes global growth forecast to 2.3% for 2025; warns of long-term hit from tariffs, inflation
Global growth will slow sharply this year as trade disruptions triggered by sweeping US tariffs increase uncertainty and fragment markets, the World Bank warned in its latest economic outlook released Tuesday. The multilateral lender cut its 2025 global GDP growth forecast to 2.3%, down from the 2.7% estimated in January, citing a weakening trade environment and deteriorating investor sentiment, AFP reported. That would mark the slowest pace of non-recessionary expansion in nearly two decades. 'This is the weakest performance in 17 years, outside of outright global recessions,' said Indermit Gill, chief economist of the World Bank Group, in a press briefing. Meanwhile, World Bank pegged India's economic growth projection at a lower level of 6.3 per cent for 2025-26 due to pressure on exports emanating from global uncertainties, though the country will remain the fastest growing major global economy. In April, the World Bank had lowered India's growth projection for 2025-26 to 6.3 per cent from its January forecast of 6.7 per cent. The World Bank said high levels of policy uncertainty—driven by US President Donald Trump's aggressive tariff regime—were dragging down both growth and inflation expectations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 경상남도 거주자 전용: 무료 영웅 캐릭터를 받으세요! 레이드 섀도우 레전드 Undo Trump's 10% import tariff, rolled out in April and targeting nearly all US trade partners, has since been suspended temporarily until July. The tariff war with China has also paused, but prospects for a durable truce remain unclear. 'Without a swift course correction, the harm to living standards could be deep,' Gill cautioned. Developing economies face slower recovery While advanced economies have seen a steeper cut in their growth forecasts, the World Bank noted that emerging markets—particularly commodity exporters—are facing a damaging mix of low prices and market volatility. Roughly 60% of developing nations are commodity exporters and are now grappling with what Gill called a 'very nasty combination' of falling prices and unpredictable global demand. The bank projects global growth to average just 2.5% for the remainder of the decade through 2029, making it the slowest ten-year growth rate since the 1960s. By 2027, the per capita GDP of high-income countries is expected to return to its pre-pandemic trajectory. But for developing nations—excluding China—per capita output is projected to be 6% below pre-Covid forecasts, Gill said. 'Except for China, it could take these economies about two decades to recoup the economic losses of the 2020s,' he warned. Despite the grim outlook, the World Bank stressed that decisive policy moves could still avert permanent damage. 'If the right policy actions are taken, this problem can be made to go away with limited long-term damage,' Gill said. The report urged G20 economies to avoid trade fragmentation and suggested that developing nations should reduce tariffs across the board—not just with the US—and harmonise cross-border rules to drive sustainable growth. Tariffs in developing countries are generally higher than in advanced economies, the Bank noted, often due to protectionist strategies or limited sources of government revenue. The World Bank's warning comes amid a series of downgrades by other global agencies. The OECD this month cut its 2025 global growth projection from 3.1% to 2.9%, citing the chilling effects of Trump's trade actions. In April, the IMF lowered its forecast from 3.3% to 2.8%. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now