Deepak Rao’s mother gets over Rs 50 lakh compensation in three days

coastaldigest.com news network
January 7, 2018

Mangaluru, Jan 7: Deepak Rao, who was hacked to death by trouble mongers earlier this week, used to earn Rs 11,000 salary per month. However, his mother has received more than Rs 50 lakh as compensation from government, politicians and well wishers in just three days. 

A gang of miscreants had hacked 32-year-old Deepak to death in broad daylight at his hometown Katipalla in Mangaluru on January 3. The very next day the government had announced Rs 10 lakh compensation – Rs 5 lakh from district administration and Rs 5 lakh from chief minister’s fund – to the family of the victim.

When the family members demanded Rs 50 lakh compensation, the Deputy Commissioner Sasikanth Senthil had promised them to recommend for enhanced compensation.

Meanwhile, Sangh Parivar activists launched a social media campaign appealing the people across Karnataka to financially support Deepak’s aggrieved mother Premalatha and physically challenged brother. As a result Premalatha’s account received over Rs 31 lakh in just three days, sources said.

Brijesh Chowta of the BJP said the fund-raiser was a spontaneous reaction from those who mourned Deepak's death. "The campaign was launched on social media after Deepak's funeral. We did not convene a meeting for this; it was launched by many people simultaneously," he said.

On the other hand Dakshina Kannada unit of BJP has decided to donate Rs 5 lakh to the family. This cheque is likely to be handed over to the family by BJP state president B S Yeddyurappa. Former minister Krishna J Palemar has also promised to donate Rs 5 lakh in his personal capacity. Local MLA B A Mohiuddin Bava had also announced Rs 5 lakh in his personal capacity. However, the Sangh Parivar activists reportedly persuaded the family of Deepak to reject his compensation.

Comments

mohammad.n
 - 
Tuesday, 9 Jan 2018

I wish justice was served at its best and with the same speed as the compensation.

Zakir Husain
 - 
Sunday, 7 Jan 2018

Its good that she got that much money but that will not get her son back....the criminals should be punished severly.

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News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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News Network
February 18,2020

Mangaluru, Feb 18: Customs at International Airport here have seized Rs 58.95 lakh worth gold in two incidents and arrested two smugglers, Customs Commissionerate said on Monday.

According to the department, two men have been arrested by the customs officials in two separate incidents last evening for attempting to smuggle gold into the country valuing over Rs. 58.95 Lakhs.

In the first incident, Muhammed Swalih Chappathodi, 22, hailing from Malappuram, Kerala who arrived from Dubai by Spice jet flight concealed capsules containing gold in paste form inside his rectum which upon purification resulted in the recovery of 797 gm of 24 karats valued at Rs.32,35,820.

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News Network
March 31,2020

Bengaluru, Mar 31: The total number of positive cases of coronavirus reached 101 in Karnataka on Tuesday after 13 more positive cases were reported in the state from March 30 5 pm to 2 pm today.

The total number of 101 includes three deaths and 8 discharged/cured cases, Karnataka Health Department stated.

Meanwhile, the total number of coronavirus cases in India has risen to 1,397 after 146 new patients were reported in the last 24-hours, the Ministry of Health and Family Welfare said on Tuesday.

Of this little less than 1,400 cases, there are 1,238 active while 124 cured. The total figure also includes 35 fatalities.

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