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Tour de Difference-2011' flagged off in city

[email protected] (CD Network, Photos by Savitha B R)
August 7, 2011

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Mangalore, August 7: 'Tour de Difference-2011', a cycling expedition by Make A Difference (MAD), a youth volunteer network to help underprivileged children was flagged off in front of City Centre Mall here on Sunday.


The cycling expedition was inaugurated by Yogish Bhat, MLA, who appreciated the efforts of MAD to help underprivileged children. Mohideen Bava, Owner, Mangalore United Cricket Team, Dr. Anand Venugopal, Professor of Radiology, KMC Mangalore and Samim Rizwi, International Cyclist, were present on the occasion.


Five volunteers namely Raichand, Phillip Bongartz, Sebastian Thele, Sudith Xavier and Prashanth Reddy will be cycling to 12 Indian cities (Mangalore, Mumbai, Pune, Hyderabad, Vijayawada, Chennai, Vellore, Bangalore, Mysore, Coimbatore, Thiruvananthapuram and Cochin), covering 4240 kilometers during the course of the trip in the months of August and September. Phillip Bongartz and Sebastian Thele have flown in from Germany to take part in this expedition.


The expedition is being organised to raise funds to support the MAD Mangalore chapter for its philanthropic services. Tour de Difference aims to raise Rs 100 for every kilometer the cyclists cover to meet the costs incurred by the Mangalore chapter of MAD on Cambridge syllabus textbooks for 300 children under its wings. It also aims to promote the importance of education to the future of our nation.


MAD along with its education partner, Cambridge University Press tries to empower children in orphanages, street shelters and poor homes by teaching them English.


MAD has close to 1000 volunteers teaching close to 3500 children in major cities of South India. It aims to educate underprivileged children so that they can select a career based on their aspirations and potential rather than their financial situation or background.


Tour de Difference will culminate in Mangalore on September 23rd. MAD Mangalore is organising a three day gala event called 'GO MAD!!' in association with City Centre from August 6.

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"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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Belgaum, Feb 24: Around 20 people entered a boys' hostel premises in Karnataka's Belgaum with rods and bats and destroyed properties allegedly over ragging of a girl by two hostel residents.

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Further, the investigation is underway.

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