money spent on statue of unity

The message, being widely circulated on social media, quotes Loksatta editor Girish Kuber for figures regarding PSUs footing the bill of the Sardar Patel statue. In 2014, £14,000 (Rs 13.27 lakh) was used to increase ‘religious tolerance among young people’. Constructed at a cost of Rs 2,989 crore, the 182-metre sculpture has been dedicated to the nation. They feel that the money could have been spent better. Aptly called the Statue of Unity, Sardar Patel's mammoth replica will be open to the public from tomorrow. Citing a letter written by Patel to Jawaharlal Nehru, the country's first prime minister, in which he had cautioned about the threat from China, Naidu said the situation after the 1962 Sino-India war could have been different if Patel's words had been heeded. Yes. The reader has also mentioned that some of "these companies might have also spent some amounts in 2018-19" but since the annual reports for the year 2018-19 are still not available, India Today could not take that into account in the current story. A similar debate had taken place in 2012 when the unease over aid to India was increasing among the Britons. Naidu visited the 182-metre-tall statue in Kevadiya in Gujarat's Narmada district and said only a partial account of Patel's role and contributions in the freedom struggle was documented. Conservative Party MP Peter Bone said, "To … What we do with it is our problem. Statue of Unity Statue of Unity a priceless investment, worthy of money spent on it: Venkaiah Naidu. Copyright © e-Eighteen.com Ltd All rights resderved. He also complimented Prime Minister Narendra Modi for his initiative to build the statue and said it should serve as a reminder to uphold unity among all Indians. Update: One of our esteemed readers pointed out rightly that IOCL had also given money for the statue second time, in the year 2017-18. India Today Fact Check team found that the PSUs have contributed funds for the statue but the claims regarding the amount are highly exaggerated. Will CBSE conduct Class 10, 12 board exams in 2021 earlier than expected? Entry is free for children below the age of 3, while it is Rs 350 per head for everyone else. The PSUs certainly did not spend to the tune Rs 2,500 crore as being claimed. Vice President M Venkaiah Naidu on January 20 said the Sardar Vallabhbhai Patel's statue in Gujarat, known as the Statue of Unity, was a way of correcting the imbalance in presenting the historical narrative of India, which justified the amount spent on it. Had Sardar's concerns been taken seriously, the situation could have been different. Justifying the money spent on the statue, Naidu said given the significance of the structure, "the amount spent on erecting it was worth it and it is a priceless investment". The central government in its 2014-15 Budget allocated a sum of Rs 200 crore to the Gujarat government for this purpose. Then, in 2014 and 2015, the UK gave India £278 million (Rs 2,635 crore approximately) and £185 million (Rs 1,752 crore) respectively. The UK has been funding Indian projects to boost the country’s economy. Social media is indeed abuzz with claims that PSUs spent over Rs 2,525 crore for the construction of the statue. Reproduction of news articles, photos, videos or any other content in whole or in part in any form The CAG report stated that a total of Rs 146.83 crore was spent by five PSU firms namely ONGC, IOCL, BPCL, HPCL and OIL. New Delhi: Vice President M Venkaiah Naidu on Sunday said the Sardar Vallabhbhai Patel's statue in Gujarat, known as the Statue of Unity, was a way of correcting the imbalance in presenting the historical narrative of India, which justified the amount spent on it. There is a 3-star hotel, a shopping centre and a research centre at the complex. In the meantime, several PSUs also started contributing funds for the statue which did not go down well with the Comptroller & Auditor General (CAG). The post claims that the two companies, Petronet and Balmer Lawrie, have given Rs 50 crore each for the statue project, but we found that Petronet gave Rs 5 crore while Balmer Lawrie gave money twice -- Rs 62 lakh in 2017-18 and Rs 38 lakh in 2016-17. Justifying the money spent on the statue, Naidu said given the significance of the structure, "the amount spent on erecting it was worth it and it is a priceless investment". Pros – Statue of Unity. Last Updated : Nov 05, 2018 05:53 PM IST | Source: Coronavirus vaccine | AIIMS Director says easy availability likely only by early 2022; masks here to stay, COVID-19: BMC bans firecrackers during Diwali with brief reprieve for Laxmi Pujan, Biden to name virus team as worldwide cases top 50 million, Register now for Commodity Ki Paathshala on Edible Oil Segment 2020-21, Nov 10 at 5PM, CAI estimates cotton output for 2020-21 at 356 lakh bales, Deep into festive season, economic indicators show resilience, India has handled COVID-19 well considering its population: SBI group chief economic advisor, Trade setup for Tuesday: Top 15 things to know before Opening Bell, Less bearish on financials; India may become one of the 'pharma kings' of the world: Rakesh Jhunjhunwala, Business Insight | Here's why Warren Buffett-led Berkshire Hathaway is suffering in pandemic despite Apple fuelling its Q3 profit. UK says India took £1.1billion in aid and at the same time spent... Ex-Google CEO Eric Schmidt is looking for a Cyprus citizenship: Report, HDFC cuts retail prime lending rate by 0.10%, Srei Infra Finance reports 91% drop in Q2 net profit at Rs 4.72 crore. Covid reinfection confirmed in US man, second bout was more severe, Is 2020 the worst year for civilisation? *Provision included funds for establishing Tribal Research & Training Institute. 172@29@17@101!~!172@29@0@53!~!|news|india|statue-of-unity-a-priceless-investment-worthy-of-money-spent-on-it-vice-prez-3413271.html!~!news|moneycontrol|com!~!|controller|infinite_scroll_article.php!~!is_mobile=false. "We all know that one of our neighbours waged war against us in 1962 and its result. Credit: PTI. For reprint rights: Syndications Today. "Without Patel and his vision and resolve, many of these 565 princely states would have preferred and remained as independent countries. India Today found that BPCL spent Rs 45 crore, OIC Rs 25 crore and GAIL Rs 25 crore. Arguments against it: • Government of India released almost Rs.200 crores for this project which thus attracted eyes of various people and political identities. It was built with 1.80 lakh cubic metres of concrete, 18,500 tonnes of reinforced steel, 6,500 tonnes of structured steel, 1,700 tonnes of bronze and 1,850 tonnes of bronze cladding. The Veera Abhaya Anjaneya Hanuman Swami in Vijayawada, Andhra Pradesh, was previously the tallest statue (41 meters or 135 feet) in India. The first aid of about £268 million (Rs 2,540 crore approximately) came in 2013. or medium without express writtern permission of moneycontrol.com is prohibited. The statue’s construction cost is more than double the estimated amount for proposals submitted to the central government by the Gujarat government to include in Pradhanmantri Krishi Sinchai Yojana (Prime Ministers Agriculture-Irrigation Scheme). Power Grid has contributed Rs 12.5 crore against a claim of Rs 125 crore made in the post. Underlining the importance of the unification of the erstwhile princely states after Independence, Naidu said getting freedom from the British was a milestone in the country's modern history, but the integration of the 565 self-governed states that existed at the time of Independence was another equally important milestone. According to Kumar, the project cost was Rs 2,362 crore, and an additional Rs 650 crore has been kept for the maintenance of the project for the next 15 years. "We all know that one of our neighbours waged war against us in 1962 and its result. Pros – Statue of Unity. Some other posts on social media even claim that a loan of Rs 3,600 crore was taken from China to make the statue. He also complimented Prime Minister Narendra Modi for his initiative to build the statue and said it should serve as a reminder to uphold unity among all Indians. In the true sense, it is a way of correcting the imbalance in presenting the historical narrative of our country," Naidu was quoted in a statement issued by the vice president's office. The CAG in its Compliance Audit on General Purpose Financial Reports 2018 of Central Public Sector Enterprises of Union Government rapped the PSU firms for spending CSR funds on the construction of the statue. Resentment has also been building among more than 1,500 farmers in four districts – Chhota Udepur, Panchmahals, Vadodara and Narmada – who had sold 262,000 tonne sugarcane to the Sardar Sugar Mill in Sankheda, which was shut down due to financial mismanagement by board members. It is estimated that this statue will remain as it is for 1000 years which implies that it will contributing to the national income of India through tourism for centuries. Days after its inauguration, the much-hyped Statue of Unity has been engulfed in controversy over its funding. Last year, the UK gave India £92.6million. Kuber wrote an article in Marathi daily, Loksatta, on November 3 quoting the figures. Statue of Unity a priceless investment, worthy of money spent on it:... HDFC cuts retail prime lending rate by 0.10%. The people of India would forever remain grateful to Patel for realising his dream and vision of consolidating the country with a steely resolve, Naidu said. Vijendra Tadvi, a farmer in Gujarat has been finding it difficult to irrigate his three acre farm, the BBC reported on October 28, 2018. Underlining the importance of the unification of the erstwhile princely states after Independence, Naidu said getting freedom from the British was a milestone in the country's modern history, but the integration of the 565 self-governed states that existed at the time of Independence was another equally important milestone. 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