
Chowta urges State govt. to relinquish its share with KRCL in favour of Indian Railways
The HinduDakshina Kannada Member of Parliament Capt. Brijesh Chowta on Tuesday urged the Karnataka government to relinquish its share with the Konkan Railway Corporation Ltd. in favour of the Indian Railways to pave way for merging KRCL with the IR. Let it show its intent.” It may be mentioned here that Railway Minister Ashwini Vaishnaw informed the Lok Sabha on this November 27 that Railway Ministry now holds 65.97% of the shares, followed by 15.57%, 10.62%, 4.25%, and 3.59% shares held by Maharashtra, Karnataka, Kerala, and Goa, respectively. The Ministry had asked the shareholding State governments to contribute to capital expenditure in the KRCL as per their share or relinquish their shares in favour of the Ministry. Sign MoA The MP demanded that Karnataka government sign a Memorandum of Agreement with the Union government to identify beneficiaries for Pradhan Mantri Awas Yojana – Urban 2.0.
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