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
March 16,2020

Bengaluru, Mar 16: Stepping up measures to curb spread of coronavirus in the state, the Karnataka government would start thermal screening of visitors at various places including the vidhana soudha, high court, secretariat, and city civil courts, from Tuesday.

In view of coronavirus scare, screening of visitors has already begun at Chief Minister B S Yediyurappa's residence at Dollar's Colony in the city.

A medical team has been deployed for the purpose, sources close to the CM told PTI. Medical screening of passengers arriving at the Kempegowda International Airport here was underway. So far seven people have been tested positive in the state while one of them died due to COVID-19 in Kalaburagi.

The Department of Health and Family Welfare said the procurement of equipment such as scanners would be completed by Monday.

"The procurement of scanners, other supplies, deputation of staff nurses and trainingshall be held and completed on March 16, Monday itself on war footing basissetting aside other works," Commissioner of Health and Family Welfare department, Pankaj Kumar Pandey said in his order to district level health officers.

The KarnatakaState Drugs Logistics and Warehousing Society (KSDLWS) would procure and give the thermal scanners to the district health and family welfare officers of Bengaluru Urban, Kalaburagi, Dharwad, it said. Sufficient virus filtering N95 masks, handgloves and sanitisers would also be provided to the officers, it added.

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News Network
January 14,2020

Jan 14: A day after it moved the Supreme Court against the controversial Citizenship Amendment Act (CAA), the Kerala government on Tuesday said it would continue its fight against the legislation as it "destroys" the secularism and democracy in the country.

The CPI(M)-led government had on Monday moved the apex court challenging the CAA and sought to declare it as 'ultra vires' of the Constitution. State Industries Minister E P Jayarajan told reporters here that the state has moved the apex court and will explore all options to fight the Act.

"The state government will to go to any extent and continue its fight against CAA. This Act destroys democracy in the country. This will only help in implementing the RSS agenda, to drive the nation through a fascist regime, and destroying the secularism and democracy in the country. The RSS and the Sangh Parivar cannot implement this law just by using muscle power," Jayarajan said.

Tourism Minister Kadakampally Surendran tweeted that the state became the first in the country to approach the top court against the Act. "Kerala government files lawsuit against the unconstitutional CAA. Kerala becomes the first state in the country to go to the Supreme Court against CAA.

"Kerala leads the way," he said in the tweet. In a suit filed in the apex court, the Kerala government has sought to declare that the CAA 2019 was "violative" of Article 14 (Equality before law), 21 (Protection of life and personal liberty) and 25 (Freedom of conscience and free profession, practice, and propagation of religion) of the Constitution.

It also claimed that the law was violative of the basic principle of secularism enshrined in it. The state Assembly had on December 31, 2019, passed a unanimous resolution against the CAA and became the first state to do it.

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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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