Bearys Chamber of Commerce & Industry formally inaugurated

[email protected] (CD Network | Suresh)
December 10, 2016

Mangaluru, Dec 10: Bearys Chamber of Commerce & Industry (BCCI), a newly formed NGO that intends to create a network between businessmen across communities and countries, was ceremonially inaugurated in the city on Friday.

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B Ramanath Rai, Minister for Forest, Ecology & Environment and D.K. District in-charge, who symbolically inaugurated the elite body in the presence of a galaxy of dignitaries from the Beary community at Hotel Ocean Pearl, said that the formation of BCCI was need of the hour.

Hailing the contribution of Beary community towards the growth of business in Mangaluru and other parts of coastal Karnataka, Mr Rai said that bringing the prominent entrepreneurs of the community under one platform is a commendable move.

In his welcome address, Haji S.M. Rasheed, the founder president of BCCI, said that the non-Bearys such as Malayalis, Urdu speaking community and Navayatis also can obtain membership of the body.

The ultimate goal of the BCCI is overall development of the community and thereby contributing to the growth of the nation, he said adding that a year-long deliberation and discussion were held among entrepreneurs of the community before giving a final shape to the body.

He said that the BCCI is ready to give its membership to young entrepreneurs of the community and provide guidance. Formation of an interest-free bank is also being considered by the BCCI, he said.

Delivering the keynote address, Umar Teekay, managing director of Teekays Interior Solution Pvt. Ltd., Bengaluru, hoped that BCCI would worlk towards the overall development of the community.

He said that the Beary community should march towards development along with the support of other communities and keeping the interest of the country in mind. He said that the co-operation and unity will result in progress of the society.

Yenepoya Abdulla Kunhi, Chancellor, Yenepoya University, Mangaluru will preside over. Muhammad Imthiyaz, General Secretary of BCCI, delivered introductory remarks.

On the same occasion, Abdul Ravoof Puthige, the proprietor of Vishwas Bawa builders and founder of Talent Research Foundation, who recently bagged district level Rajyotsava award, was given a warm felicitation.

U T Khader, Minister for Food and Civl Supplies, J R Lobo, MLA, Mangaluru South, B A Mohiuddin Bava, MLA, Mangaluru North, Ivan D'Souza, chief whip of Legislative Council, Syed Abdul Khadar (Bashu), Managing Director of the Green Valley National School & PU College, Zakariya Jokatte of Muzain group, K S Mohammed Masood of Muslim Central Committee, Jeevan Saldanha, President, Kanara Chamber of Commerce & Industry, were present among others.

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Comments

Sayed Salih Koya
 - 
Sunday, 11 Dec 2016

Hearty Congratulations SM Rasheed Haji on this Excellent initiative. This will be a Historical move towards bringing all the entrepreneurs of the region and community under one platform for overall growth, development and inspiration for all.
Also wishing all its members a very best of luck in achieving this goal.

Sayed Salih koya
 - 
Saturday, 10 Dec 2016

Hearty congratulations SM Rasheed Haji on your great initiative. Your contribution towards the welfare of the society is commendable. May Almighty Allah bless you with all the good health and success. Also wishing all its members the same.

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News Network
February 7,2020

Bengaluru, Feb 7: Karnataka's Directorate of Health and Family Welfare Services on Thursday issued guidelines for testing, isolation, hospital admission and discharge in view of the outbreak of Novel Coronavirus (nCoV) in Wuhan city of China, a virus that has infected nearly 20,000 globally and has killed more than 500 in China.

According to the guidelines, the sample of any passenger, whether symptomatic or asymptomatic, with a history of travel to or residence in Wuhan city of China in the last 14 days, has to be collected and tested.

And the sample of any health personnel, who develops symptoms of the virus after being associated with the infected persons, has to be collected.

The circular further says that the clinical sample of any suspect/probable case of nCoV will be sent to the laboratory confirmation and the case will be kept in isolation. If tested positive, the treatment has to be provided as per the existing guidelines.

The virus originated from Wuhan, a Chinese city, in December and has since then spread to various parts around the world.

China has imposed quarantine and travel restrictions, affecting the movement of 56 million people in more than a dozen cities, amid fears that the transmission rate will accelerate.

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News Network
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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News Network
January 4,2020

Udupi, Jan 4: A 37-year-old Udupi district JD(S) spokesperson allegedly committed suicide at his residence here last night, police said on Saturday.

It identified the deceased as Pradeep G Bailoor (37).

He was working as the District JD(S) spokesperson for many years.

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