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Development of tourism sector vital for progress of DK, Udupi'

[email protected] (CD Network)
April 5, 2016

Udupi, Apr 5: The development of the tourism sector not only has a huge potential but is also best suited for the progress of Udupi and Dakshina Kannada districts, according to Udupi Deputy Commissioner R Vishal.

tourimsSpeaking after inaugurating the workshop on “Development and Human Development in Coastal districts” organized by the Justice K.S. Hegde Institute of Management, here, he Dr Vishal said tourism generated employment and posed minimum harm to environment.

“It is essential to improve connectivity in both these districts (DK and Udupi) to promote tourism. This means the Shiradi Ghat road has to be developed properly and the national highways have to be improved. The existing relaxations in the Coastal Regulation Zone (CRZ) norms should be leveraged without any harm to the environment. The CRZ norms have to be scientifically implemented.

It is necessary to work on tourism packages as these districts have pristine beaches and famous temples. A tourist wants not only to visit temples but also to have some enjoyment. Hence, beaches such as Marvanthe, Trasi, Malpe, Kaup, Padubidri, were being developed in Udupi district.

Good beaches are real revenue generators. The district administration has taken various steps to keep Malpe beach clean. As a result, the revenue generated at the Malpe beach has gone up from Rs. 7 lakh to 10 lakh annualy to Rs. 1.12 crore annually in just a year. “Giving people better economic opportunities is essential,” he said.

Giving importance to tourism is essential as both Udupi and Dakshina Kannada districts are a remittance economy. The credit-deposit ratio of the banks is one of the lowest in the State because of remittance economy. The administration is making all efforts to bring senior citizens and children under the Aadhaar cover. This will help in providing direct cash benefits to the beneficiaries of various social welfare schemes, Dr. Vishal said.

Comments

KhasaiKhaane
 - 
Tuesday, 5 Apr 2016

Tourism is one of those sectors that needs attention from not only the Government, but also the citizens of the nation.
Lack of civic sense is prevalent among our masses. Although some responsible citizens are doing a good job cleaning places, the Government should also be strict and impose heavy penalties for littering.

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coastaldigest.com news network
August 3,2020

Bengaluru, Aug 2: A total of 5,532 new cases of COVID-19 and 84 deaths were reported in Karnataka in the last 24 hours, the state's health department informed on Sunday.

With this, the Karnataka's COVID-19 tally now stands at 1,34,819 positive cases, including 74,590 active cases and 57,725 discharges.
So far, 2,496 deaths have been reported from the state.

India's COVID-19 count on Sunday crossed the 17 lakh-mark with 54,736 positive cases and 853 deaths reported in the country.

"The total COVID-19 cases stand at 17,50,724 including 5,67,730 active cases, 11,45,630 cured/discharged/migrated and 37,364 deaths," said the Union Health and Family Welfare Ministry.

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coastaldigest.com news network
July 21,2020

Udupi, Jul 21: Sri Sugunendra Teertha Swami, the chief pontiff of Puthige Mutt, has tested positive for coronavirus. 

The pontiff got admitted into KMC Hospital Manipal last night and his treatment is in progress at the said hospital.

He was supposed to initiate his annual Chaturmasa Vruta at Padigaru Mutt on Tuesday.

According to sources, he was suffering from fever and hence he opted to get tested for covid-19. His health condition is said to be stable.

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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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