4 lakh houses will be built in Karnataka for the underprivileged: UT Khader

coastaldigest.com news network

December 10, 2018

Mangaluru, Dec 10: Urban development and housing minister UT Khader has said that the state government would build four lakh houses across Karnataka for the underprivileged sections of society, of which one lakh will be built in Bengaluru.

Affirming the Karnataka government’s commitment to the housing sector, he said that the government would render the process to obtain clearances for builders and developers simpler by introducing a single-window clearance system for no-objection certificates and licences. “This will be launched by chief minister HD Kumaraswamy in Bengaluru on December 15,” Khader said.

The minister said that he was looking to collect feedback to help improve living experience in urban spaces in the state. “As soon as I took charge of the urban development and housing department, I instructed officials to eliminate all middlemen and stressed the role of efficiency,” said Khader.

Elaborating on the nitty-gritty of the single-window system, Khader said, “The mechanism is supported by a software that will prevent builders from having to run from pillar to post to seek approval. Once the application is submitted to the system, the applicant will know if it has been accepted or rejected within seconds. The date of inspection will be sent to the applicant in 15 days, and the inspection itself will be completed within 30 days of the application’s submission.”

He said the government had identified an area of 1,000 acres in Bengaluru to construct one lakh houses for economically weaker sections of the society. “The CM will lay the foundation stone for the project on January 26,’ said Khader.

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Great news for underprevilaged if it is completed on time as per announced. But sir what about middle Class, those who are living for ages and pay tax for their properties and still getting hard for ownership (Living on Atikraman Lands) especially in coastal karnataka.

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Karnataka Bank reports over Rs 285-cr fraud in four loan accounts

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June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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Unlock 3.0: No night curfew from Aug 1; Yoga, gym to operate from Aug 5

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July 29,2020

New Delhi, July 29: The government of India today announced Unlock 3.0, lifting of night curfew from August 1 and opening of yoga institutes and gymnasiums from August 5 while educational institutes will remain closed throughout August.

According to the Unlock 3.0 guidelines issued by the Ministry of Home Affairs (MHA), the lockdown in containment zones will be extended until August 30. The new guidelines will be in effect from August 1.

The operation of Metro rail and international flights will remain suspended. Cinema halls, swimming pools, entertainment parks, theatres, bars, auditoriums, assembly halls and similar places will remain shut. Large gatherings are also prohibited.

Yoga institutes and gymnasiums will start operating from August 5 for which the Ministry of Health and Family Welfare will be issuing Standard Operating Procedures.

Independence Day celebrations will be held with social distancing norms in place.

Restrictions on the movement of individuals during the night (Night curfew between 10 PM and 5 AM) have been removed.

According to the order, states have been given powers to prohibit certain activities outside containment zones or impose such restrictions as deemed necessary based on their assessment of the situation.

"However, there shall be no restriction on inter-state and intra-state movement of persons and goods. No separate permission/approval/e-permit will be required for such movements," the order said.

In the previous two Unlock guidelines, the government had substantially opened various activities.

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Mangaluru: Massive protest against CAA, NPR, NRC held at Kudroli

coastaldigest.com news network

February 25,2020

Mangaluru, Feb 25: The coastal city of Mangaluru today witnessed yet another major agitation against infamous CAA, NPR and NRC with large number of people gathering at Kudroli’s Tipu Sultan Garden to register their protest against union government’s racist policies.

Addressing the gathering activist B R Bhaskar Prasad said, he knows the RSS inside out as he was associated with it for a prolonged period.

He said the ultimate aim of RSS is to establish a casteist society in India with the micro-minority community of Brahmins having complete control over all other major communities.

Lambasting Prime Minister Narendra Modi and Home Minister Amit Shah for constantly harassing people of India through back to back contentious legislations, he said that the duo poised to destroy the country.