Mangalore airport records Rs 9.5-cr operating profit

August 21, 2012

Mangalore, August 21: The Mangalore airport recorded an operating profit of Rs 9.5 crore for 2011-12.

Speaking on the sidelines of a function of the airport's diamond jubilee celebration committee, M.R. Vasudeva, Mangalore Airport Director, Airports Authority of India (AAI), said that the income of the airport during 2011-12 was Rs 42 crore. It incurred an expenditure of around Rs 32.5 crore during the year. The operating profit stood at Rs 9.5 crore.

The airport, which suffered a loss of Rs 2.5 crore during 2002-03, has seen significant growth in traffic and revenue in the recent years. During 2002-03, the income of the airport was Rs 4 crore and expenditure was Rs 6.5 crore, he said. Vasudeva said that civil and electrical works related to air cargo complex at Mangalore airport has been completed at a cost of Rs 45 lakh.

The AAI has written a letter to the Customs Department to make AAI the custodian of cargo at the airport. The air cargo complex is planned at the old terminal building of Mangalore airport. Recently, Union Power and Corporate Affairs Minister Veerappa Moily, had stated that the Union Civil Aviation Ministry had informed him of the early commissioning of air cargo complex.

This followed Moily's participation in the exporters' convention in Mangalore recently, which was organised by the Federation of Indian Export Organisations. In that meet, exporters had stressed the need for an air cargo complex at Mangalore airport with cold storage facilities for agro products.

On the other projects at the airport, Vasudeva said that nearly 20 per cent of the work on the construction of an air traffic control block has been completed at the airport. He hoped that the civil works on this project could be completed by January.

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Karnataka to scrap separate entrance exams for private universities from 2025

News Network

September 20,2024

Starting in the 2025-26 academic year, private universities in Karnataka offering professional courses will no longer conduct separate entrance exams. This decision follows a directive from the state’s Higher Education Department, prompting private universities to form an association and agree to this significant change.

In a recent meeting with Higher Education Minister Dr. M. C. Sudhakar, representatives from 17 private universities confirmed their decision to discontinue individual entrance tests. Of the 27 private universities in the state, 17 offer professional courses, and they have collectively agreed to accept scores from existing national or state-level entrance exams.

“Some universities will consider JEE scores, others will rely on KCET, and a few are inclined towards COMEDK,” Dr. Sudhakar stated, leaving the choice of examination to the universities themselves. However, the department has also suggested that the universities consider a unified entrance test for admissions.

Looking ahead, Dr. Sudhakar hinted that the government may introduce a common entrance test for general degree courses at private universities as well. "As government colleges and universities currently don’t require entrance exams for general degree courses, we haven’t made any decisions on this yet," he explained.

The meeting also addressed concerns over the high fees charged by private universities. To regulate this, the universities were instructed to establish fee fixation committees, headed by retired judges, as required by law. These committees will be responsible for determining tuition fees. Additionally, the government will continue to regulate fees for 40% of seats in professional courses that are filled through KCET.

In an effort to bring greater uniformity among private institutions, the government is considering enacting a common law for all private universities, which would replace the individual acts currently governing each university. This would place all private universities under a single regulatory framework.

This move is expected to streamline the admissions process and create a more standardized system for both professional and general degree programs across Karnataka's private universities.

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