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Someshwara Temple dates from the Chola era A discovery of Stone Age artefacts during the census of India at JalahalliSidhapura and Jadigenahalli, all of which are located on Bangalore's outskirts today, suggest probable human settlement around 4, BCE.
Between the fourth and the tenth centuries, the Bangalore region was ruled by the Western Ganga Dynasty of Karnataka, the first dynasty to set up effective control over the region. These kings belonged to two distinct dynasties: The Western Gangas ruled the region initially as a sovereign power —and later as feudatories of the Chalukyas of Badamifollowed by the Rashtrakutas until the tenth century. After Veera Ballala III's death inthe next empire to rule the region was the Vijayanagara Empirewhich itself saw the rise of four dynasties, the Sangamas —the Saluvas —the Tuluvas —and the Aravidu — The fort was originally built by Kempe Gowda I as a mud fort in Bangalore Palacebuilt in in Tudor architectural style was modelled on the Windsor Castle in England.
Bangalore - Wikipedia
Kempe Gowda was restricted by rules made by Achuta Deva Raya, who feared the potential power of Kempe Gowda and did not allow a formidable stone fort.
Hyder Ali is credited with building the Delhi and Mysore gates at the northern and southern ends of the city in Hyder and Tipu contributed towards the beautification of the city by building Lal Bagh Botanical Gardens in Under them, Bangalore developed into a commercial and military centre of strategic importance. It was abolished in only to be revived in at Bangalore and to be closed down permanently inwith Indian independence.
A town grew up around the cantonment, by absorbing several villages in the area. The new centre had its own municipal and administrative apparatus, though technically it was a British enclave within the territory of the Wodeyar Kings of the Princely State of Mysore. These effects include changing rainfall patterns, air and water pollution, sea-level rise, urban heat islands, drought and glacier melt.
Yet the current sectorial breakdown of Indian economic activity remains inadequate to do so efficiently. Leading constituencies within these two sectors include pharmaceuticals, engineering, retail and banking.
The Organization for Economic Co-operation and Development reports that the growth of these sectors, which are naturally concentrated in urban centers, is critical to maintaining robust and inclusive economic growth following the recent global financial crisis. Research from the McKinsey Global Institute projects that Indian cities could generate 70 percent of net new jobs created throughproduce 70 percent of GDP and drive a near fourfold increase in the per capita income of households throughout the country.
It comes as no surprise, then, that Modi has sought to link expanding employment opportunities and economic growth with investment in cities in the SCI.
Corporate speed dating: Finding financiers for India's smart cities
Critically, these opportunities can be delivered more efficiently and sustainably in concentrated urban environments than in rural or peri-urban settings. The economic benefits of efficiently designed and public transport-oriented urban development in India are complemented by tangible sustainability benefits. Compared to sprawling automobile-dependent accessibility models, developing high-density urban centers uses land area more efficiently — allowing basic municipal services to be delivered 30 to 40 percent more efficiently PDFin terms of both spending and energy expenditure.
This form of subsidy provides a government-allocated capital grant — meeting the funding gap for a desirable development project that lacks financial viability.
This practice has very practical applications for kick-starting sustainability in India. VGF also has been applied in pilot projects across the country under the Provision of Urban Amenities in Rural Areas PDF Scheme, promoting rural provision of energy and water municipal services and sustainability while reducing migration pressure on urban centers.
These commitments have been complemented by substantial commitments from state-run companies toward sustainable economic development. Shaky fundamentals Substantial concerns remain, however, about the effectiveness of VGF in catalyzing private sector participation in sustainable development.
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Feedback from industrial VGF partners in the solar industry, for example, suggests that competitive underbidding for federally sourced financing reduces financing below levels sufficient for project commercial viability.
Research on corporate governance in India also illustrates a grim outlook for the global investor community. In cyclical sectors essential to urban development — such as industrials, property, materials and discretionary consumption — both data obfuscation and an overleveraged corporate sector have reduced investor confidence in firm management, undermining economic development in the long term.