DK Shivakumar seeks 2 days’ time after I-T sends out summons

coastaldigest.com news network
August 7, 2017

Bengaluru, Aug 7: After raids over three days, the income tax department has summoned Karnataka energy minister DK Shivakumar to appear before it in Bengaluru on Monday in connection with a tax-evasion probe.

"It is a normal procedure. The minister has sought two days to appear," an I-T department spokesperson said.

The energy minister said he would consult advisers to decide when to appear before the department. "I'm a law-abiding citizen. I'll definitely be in the I-T office and offer my full cooperation to the probe," he said.

Summonses were issued on Shivakumar, family members and associates, who were raided by the I-T department, under Section 131 of the Income-Tax Act which relates to collection of evidence on undisclosed earnings. It is mandated that a notice be issued to him after his premises were searched.

Our search-and-seizure operation is techni cally over, pending for malities like collection and documentation of seized material and recording of statements. I-T officials have a timeframe of 60 days to demand response in cases under which Shivakumar's properties were raided,'' an official added.

After completing all formalities, including recording of statements, I-T officials said the search teams will submit their reports (or panchanamas) and seizures to the investigation wing directorgeneral in New Delhi, and he will decide when and what information can be given to the public.

The department claimed it was one of the biggest I-T operations against an individual in recent times. "This operation was a marathon ex ercise -involved 300 officials at 70 premises of Shivakumar, his relatives and friends across the state and in Delhi, for about 80 hours," said an official of the department's Karnataka and Goa region.

With the I-T department closing in on Shivakumar, KPCC president G Parameshwara held a closed-door meeting with the minister for over three hours early Sunday, and discussed the political fallout of the raids and how they should go about it, a party source said.

Shivakumar also held meetings with ministers MB Patil, A Manju and party's woman wing chief and aide Laxmi Hebbalkar.

Some religious Vokkaliga leaders met Shivakumar to extend moral support. He summoned his financial advisers to help draft responses to queries, especially pertaining to cash seizures and foreign investment.

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coastaldigest.com news network
January 6,2020

Hosapete, Jan 6: Tension prevailed at Chalavadikeri here on Monday as residents prevented BJP leaders and workers from entering the locality for propaganda on Citizenship (Amendment) Act and shouted slogans against them.

On receipt of the information about the arrival of the BJP leaders, the residents of the locality gathered at the entrance of the lane and displayed black flag besides shouting slogan-go back, go back.

The people told the BJP workers not enter their vicinity when the workers stated them that they will distribute pamphlets only.

The police who arrived at the spot are trying their best to pacify the irate locals. More number of people belonging to Muslim and Dalit communities are residing in the area.

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coastaldigest.com news network
May 29,2020

Bengaluru, May 29: The Karnataka government has requested the Civil Aviation Ministry to reduce the number of flights, emanating from Maharashtra, Tamil Nadu, Gujarat, Madhya Pradesh and Rajasthan to the state in view of the high number of Covid-19 Cases prevalent there.

In a clarification issued to the Media this evening, the Minister for Law and Parliamentary Affairs Mr J C Madhuswamy has said that Karnataka has not sought for imposing a ban on flights emanating from these places, as reported in some sections of the Media.

Karnataka has appealed to the Civil Aviation Ministry to take steps to lessen the air traffic to the State, with the sacred intention that there may not be adequate quarantine facilities if there is huge turnout at a short period, he added.

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Media Release
March 8,2020

Mangaluru, Mar 8: The Saraswat Co-operative Bank Ltd., celebrated International Women’s Day with a special seminar on Financial Planning for the banks’ women customers. The programme was held on Friday, March 6, 2020 from 4.00 to 6.00 p.m. at Hotel Ocean Pearl Inn, Bejai, Mangalore. Dr. Sukanya Rao, academician and financial planner, was the chief guest and resource person for the seminar. Mr. Srinivas C., Karnataka State Head, Future Generali India Insurance Company Ltd., was the guest of honour.  Mrs. Vimala Anchan, Senior Manager and Branch Head of M. G. Road Branch of Saraswat Bank presided over the function.

In her chief guest’s address, Dr. Sukanya Rao defined empowerment of women as the ability of take one’s own decisions and utilize resources. Quoting global rankings, she said India enjoys a high ranking of being 9th in the world in political empowerment of women, whereas in other sectors we stand abysmally low. In social empowerment of women, India ranks at 120th, in economic empowerment at 124th and health and survival at 135th.

She suggested that the best tool for enhancing these empowerment rankings is education, which will lead to earning potential and result in enhancing social status. “Every year spent in school boosts girl’s wages by 10-20%,” she said “When a girl receives 7+ years of education, marriage gets postponed by four years and she has 2.2 less children.” She advised women to learn to take one’s own decisions. “Learn to take decisions, especially financial decisions, on your own instead of depending on significant others to do the decision making,” she said.

She followed up her talk with an interactive session on personal financial planning. She enlightened the audience on factors influencing our financial decision making and gave different perspectives on prioritizing savings, spending and investment. 

Srinivas C., Karnataka State Head, Future Generali India Insurance Company Ltd., along with Deepak enlightened the women regarding financial safeguards available under Married Women's Property Act (1874).

Established in 1918, Saraswat Bank was the first co-operative bank to provide merchant banking services after it was recognized as a scheduled bank by RBI in 1988. The bank enjoys high proportion of women employees (nearly 75%) and it is a recipient of Best Cooperative Bank Award in 2016.

Fun games were conducted and prizes were distributed to the winners. Bhavanthi Street Branch Head Karthik Shetty welcomed the gathering. Prithvi Pai and Aishwarya rendered the invocation. Naina Shenoy expressed the bank’s Women’s Day greetings. Chilimbi Branch Head Kishore Shetty gave a vote of thanks. Mahesh Nayak compered the programme. Past Branch Head Mamtha Rao was present.

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