Don’t change Syndicate members: ex-CM to HDK

Bengaluru, Apr 27: Lord Chancellor and Secretary of State for Justice in the United Kingdom (UK), Robert Buckland, on Sunday appreciated Karnataka Chief Minister BS Yediyurappa for the measures taken to control COVID-19 and strict implementation of lockdown in the state.

"During an interaction with Kannadigas in England, Buckland sought information about control of COVID-19 in India, especially in Karnataka. 

The Chief Minister replied to his queries and explained that effective implementation of lockdown, maintaining food and essential commodities supply chain intact and the concern of the government that no one should go hungry, has made it possible, with immense support and cooperation from people," as per a press release from Karnataka Chief Minister's Office (CMO).

Economic activities would be started according to the guidelines of the central government in a phased or graded manner in the coming days, the Chief Minister said, who also held a video conference with some people from the state, who stay in London, amid coronavirus lockdown.

During the interaction, the Chief Minister assured the Kannadigas residing abroad that they need not worry about their parents or elders in the state as their well-being would be taken care of.

He said that they can contact helpline numbers for medial and other needs.

The Chief Minister also said that the government would consider the loan repayment issues of students studying abroad availing educational loans after the situation turns to normal.

He said that the Karnataka government would be in touch with the Centre regarding the rescue of Kannadigas stranded abroad only after international flight services resume.

Mangaluru, Mar 21: The management of Ibrahim Khaleel mosque here on Saturday has decided to temporarily suspend all the prayers inside the mosque premises as a precautionary measure in view of Corona Virus which is spreading like wildfire in the State.

In an official note, the management urged people to remain safe and to pray at home adding that Jumuah, daily prayers and all the other events at the mosques were cancelled temporarily until further notice.

“This is an unavoidable move to save the lives from the infections of deadly Coronavirus” the note added on Saturday.

Abu Dhabi-based NMC Healthcare has reportedly received bids to sell its distribution unit and will soon be selling it to different parties.

The development comes over three months after NMC Healthcare’s founder and then-chairman B R Shetty stepped down amid allegations of massive fraud. 

The company, which recently laid off hundreds of workers, is offloading stake in the subsidiary as it is considered non-core and requires substantially high working capital to run the operations. In addition, this stake sale will help the company pay off some of its debt

"There are parties who have strong interest in the distribution business. NMC will be offloading the unit soon and that also to different parties," a source said.

"The company is in the process of exploring options for NMC Trading, the group's distribution business, which it has determined to be non-core and requiring substantial levels of working capital. The process should not materially adversely impact distributors' activities, nor NMC Trading's customers," an NMC Healthcare spokeswoman said.

The UK-court has appointed Alvarez & Marsal as administrator to oversee the operations of the debt-ridden hospital operator. The healthcare firm has been caught in a whirlpool of $6.6 billion debt while its senior former high management team is under investigation for financial irregularities.

The UAE Central Bank has direct local banks to freeze all bank accounts of NMC founder BR Shetty and his family members as well as accounts of those companies where he has a stake. The Central Bank move is subsequent to a criminal complaint filed by Abu Dhabi Commercial Bank, which has the largest exposure to NMC Healthcare, amounting Dh3 billion.

As the company faces financial difficulties, Reuters reported that NMC Health delayed May staff salaries and now expects to complete making payments by the first week of June.

The spokeswoman said: "The company has been in regular dialogue with its creditor constituencies through various creditor committees, including the direct bank lenders to its NMC Trading businesses."