Flood-hit Karnataka needs Rs 40k-cr: BSY; Centre will send a study team: Modi

coastaldigest.com web desk
August 17, 2019

Newsroom, Aug 17: Karnataka Chief Minister BS Yeddyurappa, who met Prime Minister Narendra Modi in the national capital yesterday for the second time in ten days  to request an immediate release of more grants to flood-hit Karnataka, tried to convince the latter that the south Indian state needs a whopping Rs 40,000 crore for rehabilitation work.

During their 45-minute conversation, the PM assured Yediyurappa of sending a central study team to Karnataka to assess the damage caused due to floods. The state government has appealed for assistance at the earliest. There was, however, no push for declaring the floods in Karnataka as a National Disaster despite the Congress pressing for it.

“Karnataka saw 279% more rain between August 3 and 10, the highest in 118 years, leading to loss of life and property,” Yediyurappa is said to have told the PM, adding that the huge quantum of water released into the Krishna river by Maharashtra stood at up to 6 lakh cusec daily.

“Sixty-one deaths have been reported so far and at least 15 are still missing. Around 58,620 houses have been damaged, 4.7 lakh hectares of crops washed away, 18,000 km of roads, 650 bridges, 54,000 electric poles and transformers are severely damaged,” Modi was told.

Even as the opposition has been demanding that Modi visit the flood-affected regions and assess the situation himself, the PM has, as of now, only assured to send a central team to study the losses.

Central assistance is expected to be announced only after the team submits its report. Apart from Union ministers Pralhad Joshi and Suresh Angadi, senior state BJP leaders R Ashoka, Jagadish Shettar and Govind Karjol were part of the meeting. Yediyurappa, who could not meet Union Home Minister and BJP national president Amit Shah the last time he visited New Delhi, is scheduled to meet him on Saturday. Formation of the Karnataka cabinet and portfolios is likely to be discussed.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 29,2020

New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.

"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
March 29,2020

Bengaluru, Mar 29: Seven new COVID-19 cases have been confirmed in Karnataka since Saturday 5 pm to 2 pm on Sunday.

The total number of positive cases in the state stands at 83, out of which five have been cured/discharged and three have lost their lives, according to the Karnataka Health Department.

A total of 979 confirmed cases of COVID-19 have been reported in India, informed the Ministry of Health and Family Welfare on Sunday.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
February 25,2020

The Post Graduate Department of English, St. Agnes College (Autonomous) organized COSMOPOETICA – a Two-Day International Poets Conference, transcending the boundaries of language and bringing together scholars from English, Hindi and Kannada languages. The key-note speaker was Dr Hima Urmila Shetty and the Panel of Experts included Maggie Harris, a Commonwealth short stories award winning poet of Broadstairs, Kent; Dr Kathryn Hummel, a visiting professor at IIT Hyderabad; Prof Raj Rao, acclaimed poet and novelist, former HOD of English, Savithribai Phule University; Lata Chouhan from Bangalore; Vijay Tiwari from Ahmedabad; Dr. Nagaveni Manchi, an acclaimed Poet and Professor, Govt College, Carstreet and Ms. Chandrakala Nandavara, former Principal of Ganapati PU College.

Dr Sr Jeswina A.C., the Principal; Dr Sr Maria Roopa A.C. the Superior and Dr Sr Vinora A.C., graced the occasion.

Dr Geralyn Pinto, the Staff Convenor; Dr Malini Hebbar, the HOD and Ananya Sneha the student Convenor organised the Conference.

The highlight of the Conference was the Poetry Workshop, Slam Poetry Competition in three languages and paper presentations on various aspects of poetry.

Overall the conference drew together poets and academicians to discuss poetry as a genre and practice with ignited minds.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.