Amrit Bharat scheme
Context:
- Railway Minister Ashwini Vaishnav announced ₹7,559 crore allocation for railway projects in Karnataka in the latest Union Budget.
- During 2009-14, only ₹835 crore annually was allocated, highlighting a nine fold increase in grant allocation.
- Currently, 31 projects are actively being implemented across the state. Total length is 2,556 km cost of ₹33,125
- Out of 21 new projects initiated recently, 395 km of work costing ₹7,592 crore has been completed.
- Overall, 907 km of work has been completed, with expenditures amounting to ₹9,791 crore so far.
Karnataka railway station:
- Hubli Railway Station in Karnatakaholds the record for the longest railway platform in world, stretching 1,505 meters.
- Operated by South Western Railway
- Sir M Visvesvaraya Railway Terminalin Karnataka’s South India’s first fully Air Conditioned World Class Railway Station
What is the Amrit Bharat Stations Scheme?
- The Amrit Bharat Station Scheme aims to redevelop 1309 stations nationwide.
- The redevelopment will provide modern passenger amenitiesalong with ensuring well-designed traffic circulation, and signage for the guidance of passengers.
- The Scheme was launched in February 2023 by the Ministry of Railways.
- The Indian Railways takes pride in owning four UNESCO-recognized world heritage sites,
- Darjeeling Himalayan Railway, Chhatrapati Shivaji Terminus in Mumbai, Nilgiri Mountain Railway, and Kalka Shimla Railway.
Karnataka bank Ltd.
Context:
- Karnataka Bank posted a net profit of ₹400 crore in the June quarter of the financial year,
- Marking a 7.99 percent increase compared to the same period last year when the profit was ₹370 crore.
Financial highlights of Karnataka bank:
- The bank’s overall turnover increased by 10% to ₹1,75,619 crore compared to ₹1,49,971 crore in the previous year.
- Fixed deposit volume rose by 18% to ₹1,00,164 crore from ₹86,960 crore last year.
- The average non-performing loan ratio (GNPA) improved to 54% from 3.68% last year.
- However, the net NPA increased to 66% from 1.43% in the previous year.
- Srikrishnan H., Managing Director and Chief Operating Officer of Karnataka Bank Ltd.