Latest news with #MVDA
Time of India
2 days ago
- Business
- Time of India
Banke Bihari corridor: UP govt firmsup plan to relocate affected families
Agra: Mathura Vrindavan Development Authority (MVDA) has selected four large plots to construct 350 flats under a group housing scheme to relocate around 275 affected families, especially those in the temple town's Rukmini Vihar area, as part of the proposed Banke Bihari corridor project. The development comes amid ongoing opposition to the proposed corridor by residents, including the Goswami community, whose members are considered the temple's 'sevayats' -- hereditary priests who manage daily rituals and other affairs at the temple, which is regarded as one of the most revered Krishna shrines in north India, attracting lakhs of pilgrims. Mathura district magistrate (DM), Chandra Prakash Singh, said, "Landowners affected by Banke Bihari Ji corridor would be given the option to resettle in Rukmini Vihar or Sunrakh Bangar in Mathura's Vrindavan. Both the places have been earmarked, and residential flats will be developed there by MVDA." The land acquisition for the corridor is set to impact at least 275 property owners, including 200 shopkeepers, the DM said, adding that the shopkeepers will most likely be allocated shops within the corridor, with compensation provided based on their land and property. "Families impacted by the project will have the option to relocate to a single area, for which a housing scheme blueprint has been prepared," Singh further said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villa For Sale in Dubai Might Surprise You Villas in Dubai | Search ads Undo MVDA vice-chairman Shyam Bahadur Singh said, "If needed, additional land in nearby areas might be identified to increase the number of flats. Additionally, approximately 3.5 acres have been selected in Sunrakh Bangar in Mathura." MVDA secretary Arvind Kumar Dwivedi added that the design of the proposed flats has been finalised and constructing homes in the Rukmini Vihar Scheme in Vrindavan is top priority for them. Meanwhile, Gyanendra Kishor Goswami, a member of the temple management, rejected the proposal. He said, "This is a conspiracy to take control of the temple from the Goswamis who have been managing it for centuries. People who are living near the temple have been there for many generations, and is it sensible to shift them to a new place overnight? The compensation that they are going to offer is also not acceptable to the people. " The move to redevelop the place came up after a stampede-like incident on Janmashtami in 2022, that claimed two lives. In Sept 2023, Allahabad HC instructed the state govt to implement a corridor plan for improved crowd management and safety. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
New Indian Express
2 days ago
- Business
- New Indian Express
Mathura district administration offers luxury flats to temple priests amid corridor project opposition
LUCKNOW: As the survey of residences and shops in the 22 Kunj Galis (narrow lanes) leading to the Banke Bihari temple in Vrindavan continues, 30 per cent of it already completed, the Mathura district administration has prepared an elaborate plan to rehabilitate the sevayats, the Goswamis, who have been openly opposing the Banke Bihari Corridor project. The plan includes relocating the sevayats to Rukmani Vihar in Vrindavan. The Goswami community, comprising hereditary priests, has been performing religious and priestly duties at the Banke Bihari temple for centuries. The Supreme Court recently gave the green light to the Banke Bihari Corridor, an ambitious initiative aimed at easing crowd congestion and enhancing the overall pilgrimage experience around the revered shrine. Following this, the state government brought in an ordinance to create a Trust to run the temple and oversee the development of the proposed corridor. After a visit by Awanish Kumar Awasthi, the special advisor to the Chief Minister, to Vrindavan on June 6, the project gained momentum. The Mathura Vrindavan Development Authority (MVDA) is working on a two-pronged strategy: first, conducting a survey of Kunj Galis comprising 286 houses and shops, and second, accelerating the rehabilitation of residents from 188 houses to new luxury flats at Rukmani Vihar and Sunrakh Bangar. The administration hopes that offering better accommodation will help pacify the sevayats.
Yahoo
17-02-2025
- Business
- Yahoo
Gold-Backed Tokens Underperform While Wall Street Calls for Dip Buying in Precious Metal
Cryptocurrencies backed by gold have underperformed over the week as the price of the precious metal saw a significant drop after moving up more than 10% so far this year. The decline came as speculation surrounding Trump's tariffs being a negotiating tool. Gold-backed tokens, including Paxos gold (PAXG) and Tether gold (XAUT), have declined roughly 1% over the past week to trade around $2,900 while the wider crypto market rallied. The CoinDesk 20 Index rose 5.7% over the same period, and the broader MarketVector Digital Assets 100 Index (MVDA) rose 3.4%. The precious metal saw its price drop amid growing speculation that the new tariffs threatened by U.S. President Donald Trump are meant to be a negotiating tool. This hit the price of safe-haven assets, including the commodity and the U.S. dollar. Trump announced reciprocal tariffs were on the table to match the tariff imposed by other countries on U.S. imports. Reciprocal tariffs could take months to implement, leading to speculation these are meant to allow the U.S. to negotiate with other countries. However, according to a recent Morgan Stanley report, gold's recent dip could still present an 'opportunity for those looking for hedges' amid global reflation, geopolitical tensions, and growing fiscal spending. Wall Street giants have recently raised their gold price forecasts, which would also help the price of gold-backed digital assets rise as these are backed by bullion stored in vaults. Citi strategists recently raised their short-term gold price target to $3,000 and their average forecast for the year to $2,900. Meanwhile, UBS has hiked its 12-month gold target to $3,000 an ounce.
