Dakshina Kannada once again shuts down against Yettinahole project

[email protected] (CD Network | Photos by Charan, Chakravarti)
May 19, 2016

Mangaluru, May 19: Over two years after entire Dakshina Kannada observed bandh against Yettinahole water diversion project, it shut down almost completely and voluntarily for the second time on Thursday for the same cause.

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The bandh appears to be total in Mangaluru and all taluk headquarters in the district. Private buses and auto-rickshaws remained off the roads not only in city but also in rural areas. 

The people across the coastal district are positively responding to the bandh call given by the Nethravathi Rakshana Samyukta Samithi and likeminded organisations opposing the controversial project. A majority of the organisations in the region have extended their support to the bandh.

Activists fear that the project, aimed at diverting about 24 tmcft of water from Nethravati's tributaries for the benefit of parched districts would dry up the river — considered the lifeline of the district, with Mangalore solely depending on it for drinking water.

Essential services – including hospital and ambulance services – milk and newspaper supplies, however, are unlikely to be affected by the bandh.

Shops, educational institutions and business establishments in the district remained closed. Shopping malls and restaurants in the city downed their shutters as a mark of support to the opposition to Yettinahole project.

Roads in Mangaluru city and other taluk headquarters wore a deserted look. Members of the Samiti and other organisations held protests at many places demanding the government to scrap Yettinahole project. Samiti members blocked Mangaluru-Mumbai National Highway at Surathkal.

Public transportation was severely hit with KSRTC and private buses remaining off the road. Protesters threw stones at a Volvo bus, plying between Tirupati and Mangaluru, near the Ambedkar Circle in the city. People were seen stranded at KSRTC bus stand at Bejai. However, a few private vehicles were plying in Mangaluru.

Train passengers who alighted at the city railway station managed to get private taxis in the absence of autorickshaws but had to pay hefty amount. With all restaurants in the city closed, the railway cafeteria and business hotels witnessed a huge rush. "We had more than the usual crowd for breakfast and lunch,'' said Girish BN, GM, Hotel Ocean Pearl.

Software major Infosys closed operations in its two campuses at Mudipu and Kottara Chowki. The bandh also evoked good response in interior places of Puttur, Sullia, Bantwal and Belthangady taluks of Dakshina Kannada.

Deputy Commissioner AB, who has given green signal for voluntary bandh, also warned of stringent action against those who try to forcefully impose the bandh and take law into their hands.

The district units of the Bharatiya Janata Party (BJP) and the Janata Dal (Secular) have supported the bandh. While the Congress has not openly supported it, many of its leaders are active members of the samithi.

Also Read : Mangaluru: Cyclists pedal through city to save Netravati amidst bandh

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News Network
February 17,2020

Abu Dhabi, Feb 17: NMC Health Plc, a hospital operator targeted by short-seller Muddy Waters, said founder Bavaguthu Raghuram Shetty resigned amid investor concern he faced a margin call and misrepresented his stake.

The board asked for Co-Chairman Shetty’s resignation and it takes effect immediately, according to a person with knowledge of the situation. NMC has lost four board members since Friday, including Vice Chairman Khaleefa Butti, whose holdings are also being probed. The stock, the worst performer on the FTSE-100 Index this year, fell as much as 9.2 percent Monday morning and then rebounded.

“The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi, an analyst at Rasmala Investment Bank in Dubai. “The credibility of the current board has been jeopardized with the unfolding of the recent events.”

NMC shares lost almost half their value the first week of February on speculation the company’s main investors faced a margin call, in which banks seize shares pledged as collateral. NMC said Friday that First Abu Dhabi Bank and Al Salam Bank Bahrain obtained 20 million shares in the company from BRS International Holding, an investment vehicle of NMC’s top shareholders. The banks sold more than 8 million of those shares as “enforcement of security,” NMC said.

NMC operates the largest medical network in the United Arab Emirates and in 2012 became the first Abu Dhabi company to list in London. The shares started teetering in mid-December when Muddy Waters alleged that NMC manipulated its balance sheet and inflated the prices of companies it acquired.

Shetty, 77, was born in India and founded NMC in the 1970s after moving to Abu Dhabi. His spokesman said a legal review of the situation is ongoing and declined further comment.

Chief Investment Officer Hani Buttikhi and board member Abdulrahman Basaddiq also stepped down because they were appointees of Shetty and Butti, NMC said, adding that they had no knowledge of the share transfers.

Questions remain over the role of Shetty’s family at the company. His wife and son-in-law both hold roles in senior management.

Almost 10 per cent of NMC’s freely traded shares are shorted, according to Markit Securities data. In mid-December about a third of them were.

Last week GKSD Investment, an investment company backed by hospital investors, said it’s studying a possible offer for NMC. Under U.K. takeover rules, it has until March 9 to make a bid.

NMC has said Muddy Waters’s claims are false and the company hired former FBI Director Louis Freeh to conduct an independent review. The review is due to be completed before the company issues its financial results in March, the person said.

NMC said Mark Tompkins will continue as the company’s sole chairman.

Comments

sunita kejriwal
 - 
Monday, 17 Feb 2020

BRS could not fool all the people all the time!

 

Bhakth
 - 
Monday, 17 Feb 2020

Illegal way of earning will not last for long. 

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News Network
April 18,2020
Mangaluru, Apr 18: Food kits were distributed to as many as 100 needy Beary poets, writers and artistes’ on behalf of the Karnataka Beary Sahitya Academy at a simple ceremony held at the Academy office here on Friday.
 
The service initiative during the Lockdown was taken up as per the guidance of Minister for Kannada and Culture C T Ravi.
 
Dakshina Kannada District in-charge Minister Kota Srinivas Poojary distributed the kits to the beneficiaries.

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coastaldigest.com news network
July 14,2020

Udupi, Jul 14: Kundapura police in Karnataka have booked a case against a businessman who had violated home quarantine rules as many as 163 times.

Accused Sahab Singh had arrived at his rented house at Koteshwara from Mumbai on June 29. He was asked to remain quarantined in his house till July 13. 

However, he was found loitering and visiting hotels in Udupi. Officials tracked his movement through mobile GPS. He breached the quarantine period 163 times. 

Following the violation, Flying Squad officer N G Bhat filed a complaint against Singh in Kundapura Police Station under IPC Sections 269, and 270.

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