Cong, BJP in war of words on Amit Shah’s claim on Central funds to Karnataka

Agencies
February 3, 2018

Bengaluru, Feb 3: On the eve of Prime Minister Narendra Modi's visit here,a war of words ensued today between ruling Congress and opposition BJP over the latter's national president Amit Shah's claim that the Centre gave Karnataka more than Rs three lakh crore under various schemes.

Addressing a press conference, Congress working president Dinesh Gundu Rao and Karnataka agriculture minister Krishna Byregowda termed Amit Shahs statements "as nothing but lies." "BJP has only.... half-truths to offer to the people of Karnataka.

The money given to the state has been likened to largesse.BJP speaks as though the money it devolves to states is a gift or a handout, while in reality all states are constitutionally entitled to this amount," said Rao.

He alleged that Shah and other BJP leaders have been employing 'less than respectful tactics' in a bid to see the Lotus bloom in the south once again. "The people of Karnataka have seen the manner in which the BJP government plundered the state during its term from 2009 to 2013," he added. Byregowda said Karnataka received Rs 10,533 crore less than what it is entitled for.

"We know that you (Prime Minister) wont give us Rs 3 lakh crore tomorrow... at least you have to release the shortfall in the grants towards Karnataka," he said. He said this money was Karnataka's right and that the shortfall was a dent in the state's grants. "You not only have to issue a clarification on this issue, you also have to release the grants.

This will make us accept that you have respect for the Constitution," he added. Reacting to this, BJP state president B S Yeddyurappa hit out at Congress, saying that the party was lying with regard to grants in order to hide its 'inability'.

He said the NDA government increased the Central grants, including those by the 14th Finance Commission,by 42 per cent. "The Modi government doubled the central grants allocated by the previous UPA government," Yeddyurappa said.

Comments

Parson
 - 
Monday, 5 Feb 2018

Amit Shah, from where did you get to become politician? What do you know about finance? You can only fill your pocket. Its same as your foolish FM who is lawyer is running the budget which has been failed. Yes We Kannadigas pay more tax compare to any state. Why cant central govt release the funds which has to be given betterment of our state??? As Ex-RBI Governor said was so true..Desh ko bech diya !

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News Network
July 17,2020

Bengaluru, July 17: A 60-year-old woman who tested positive for Covid-19 allegedly ended her life in the Covid ward at KC General Hospital in the early hours of Friday.

The woman, the fourth Covid positive patient to end her life since April, was a resident of Mariyappanapalya near Jnanabharathi in West Bengaluru. She was found hanging from a window grille in the passage of the Covid ward around 5 am. She had used her sari to hang herself.

The police said that the woman was admitted to the hospital on July 1. She was responding well to the treatment and was almost cured. Her son was infected first and admitted to the same hospital. As she later tested positive and got admitted, her son was discharged on July 11. The police suspect that the woman may have resorted to the extreme step due to depression.

An investigating officer quoted doctors telling the police that they were about to inform the woman about her discharge date on Friday. Doctors were waiting for the report on her latest test before discharging her.

The woman’s body will be subjected to an autopsy as per the Covid standard procedure. The Malleswaram police have taken up a case of unnatural death. Investigations are on. 

On July 11, a 70-year-old man ended his life in the toilet of the Covid ward in Victoria Hospital, while a suicide was reported in the same ward on June 26. A 60-year-old woman also hanged herself in the toilet. Her son, daughter-in-law, and grandson were also admitted to hospital for Covid-19.

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News Network
January 4,2020

Alappuzha, Jan 4: The management committee of a mosque in Kerala is all set to solemnize the wedding of a Hindu couple, setting yet another instance of the communal harmony prevailing in Kerala.

The Cheravally Muslim Jamaat Committee at Kayamkulam in Alappuzha district in South Kerala is conducting the marriage of Anju and Sharath after the bride's mother approached the Jamaat authorities seeking help. 

The marriage will be held at the mosque premises on January 19 as per Hindu rituals and the Jamaat Committee has also prepared the invitations.

Anju's father Ashokan died a few years back and her mother Bindhu was struggling to win bread for her three children. Nujumudeen Alummoottil, a businessman and secretary of the Jamaat had helped the family earlier also.

Hence Bindu sought his help for the marriage of Anju. Nujumudeen discussed it with other members of the Jamaat committee and members of the mosque.

Najumudeen said that there was no hesitation from anyone on conducting the marriage by the mosque at its premises. A gift in cash and gold would be also given to the couple.

Kerala recently witnessed a church allowing the Muslim believers who participated in an anti-CAA meet to offer namaz at the church premises and another church conducting a carol service with the youth of the parish dressed up in traditional Muslim attire.

Comments

well wisher
 - 
Monday, 6 Jan 2020

Well educated, good decision makers , intelects and wise people are keralites.

Abdullah
 - 
Sunday, 5 Jan 2020

Kerala is unique in India for cordial relation between different religions.  However, this is not being digested by sanghis and are trying to build gulf between the communities.  I am sure that people will not let theese anti national succeed in their wicked behaviour.   This communal harmoney is a slap on the faces of enemies of society.    Well done keralites.  Salute to all of you. 

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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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