Karnataka CM urges PM Modi for metro funding reforms

Karnataka CM DK Shivakumar submitted a memorandum to PM Modi on Friday, stating states bear over 80% of metro project costs despite a 50:50 Centre-State SPV structure. He sought time-bound approvals, city-specific costing, foreign-exchange risk sharing, and urgent clearance for Bengaluru's Red Line Phase 3A, besides raising drought relief and sugarcane MSP concerns.