Daily Archives: June 21, 2014

CSL gets ownership of land in its possession

CSLkerala21jun2014

Kochi :

Getting ownership of a land in its possession for 47 years is something to be elated about. The 170-acres of land in the possession of the Cochin Shipyard Ltd (CSL), the pride of the country,  has been officially handed over to the company.

The land was in the possession of CSL since 1967. But the whole land was allotted to the entity with the government order number GO (Ms) No.252/14/RD only on June 11, 2014 as it was being allotted to the firm in a phased manner.

The shipyard adjacent to the Kochi port is the largest greenfield ship building and ship repair yard in the country. It was incorporated in 1972 as a fully-owned Government of India company.

“The CSL is situated on 170 acres of land in Kochi and the company has been using it since 1967. The ownership of land was being given to us in a phased manner. Before the latest government order, we did not have ownership of 82.21 acres of land. We are happy that we have got it. With this new order, CSL has received ownership of 82.21 acres of land,” a CSL official said.

The CSL had submitted application for assignment of the 170 acres of land in its possession. The ‘pattayam’ was given for 62.22 acres of land on January 31, 2008 and 25.57 acres on December 28, 2007. Since the remaining 82.21 acres of land comprised various survey numbers and puramboke, the ownership was not given.

“The Ernakulam District Collector has reported  that of the 82.21 acres, an area of 61.88 acres comprise 16 kinds of puramboke land such as thodu puramboke, road puramboke etc. The remaining 20.32 acres of land is neither with the Revenue Department nor  has been handed over to CSL. Hence, the land may be assigned by invoking the special powers vested with the government within Municipal and Corporation area rules 1995,” the order said.

In order to grant the ownership of the land, the government asked CSL neither to transfer the land nor to alienate it.

The land should not be utilised for any other objective other than shipbuilding and allied activities. It is also mandated that the land shall not be encumbered in any manner.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Kochi / by Pramod Thomas / June 21st, 2014

Kerala May Rake In Rs 6,200 Crore Remittances This Ramzan

RamzanMPOs21jun2014

Kochi :

As the Ramzan season is all set to begin during the end of this month, remittances to Kerala is expected to rise 20-25 per cent than normal levels. Usually Ramzan is the period when the remittance to the state is high.

Normally remittances will be in the range of around Rs 5,000 crore in a month but during Ramzan season it is likely to go up to over Rs 6,200 crore. It is expected to surpass the Rs 85,000-crore mark in 2014.

To cash in on the opportunity, companies and banks are busy in formulating campaigns to rope in customers.

Industry sources said that fresh customers will also be added during the period.

The NRK population is 16.25 lakh and a sizeable number of people are Muslims. They normally send money back home for their relatives to celebrate the festival and to buy gifts, said Sudhakar, Chief Marketing Officer, UAE Exchange.

He added that since June, July, August is also a peak season, majority of the NRKs stay overseas as air fares are high during the period.

The money is being remitted through money transfer firms and banks.

“Kerala is one of the largest remittances receiving state in India. In 2013, non-resident Keralites have remitted Rs 75,000 crore. With Ramadan just round the corner, a significant increase of 20 per cent is expected this year. There has been a phenomenal growth in infrastructure requirements across GCC countries due to events such as Expo 2020, which in turn have boosted the percentage of overseas workers’ from Kerala,”  said Sudhesh Giriyan, Vice-President and Business Head, Xpress Money.

Out of the total NRK population of 16.25 lakh, as many as 14.26 lakh are employed. In Kerala, the lives of around 50 lakh people depend on these NRIs. The country which is home to maximum number of Malayalis is UAE (35 per cent), followed by Saudi Arabia (28 per cent). Most of  the NRIs from Kerala are from Malappuram (18 per cent).

source: http://www.newindianexpress.com / The New Indian Express / Home> Business>  News / by Pramod Thomas / June 21st, 2014