Implement loan waive in transparent way: CM Kumaraswamy

Agencies
July 30, 2018

Bengaluru, July 30: Karnataka Chief Minister HD Kumaraswamy on Monday asked officials to implement agricultural loan waive scheme in a transparent manner.

Addressing a meeting with the District Deputy Commissioners and Chief Executive Officers, Kumaraswamy said that the state government has decided to waive off the agricultural loans to the tune of Rs 49,000 crore. A government order on the guidelines would be issued soon.

On July 5, Kumaraswamy announced a partial loan waiver of Rs 34,000 crore which would benefit farmers whose loans are less than Rs 2 Lakh.

The Kumaraswamy-led Janata Dal (Secular) had resolved to waive farm loans borrowed both from cooperative and nationalised banks within 24 hours of formation of government.

The state has decided against waiving off higher value crop loan.

Comments

Suresh
 - 
Monday, 30 Jul 2018

All are saying the same. If they caught head handed, then may confess or defend

Nagaraj
 - 
Monday, 30 Jul 2018

We have hope in you hon. CM

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News Network
April 29,2020

Bengaluru, Apr 29: Janata Dal-Secular leader and former Karnataka chief minister HD Kumaraswamy on Tuesday accused the central government of writing off loans of those who are facing charges of fraud.

In a series of tweets, Kumaraswamy slammed the central government.

"Really? At a time when the whole world is worried about unprecedented economic emergency, writing off Rs 68,000 crore loans of willful big fish defaulters became the best antidote to the economic crisis? And how is 50k cr package to mutual funds going to help the common man?" he tweeted.

In another tweet, Kumaraswamy said that "Billionaire scamsters like Vijay Mallya, Mehul Choksy, Sanjay Junjunwala seem to be very dear to this government".

"Na khaunga, na khane dunga" is yet another jumla unraveled. Billionaire scamsters like Vijay Malya, Mehul Choksy, Sanjay Junjunwala seem to be very dear to this government. The poor are dying by the roadside, farmers are desperate, the middle class is faced with economic doom.

The government has done little to help. But it writes off loans of those who are facing charges of fraud! What patriotism! What nationalism!" he tweeted.

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News Network
June 5,2020

Bengaluru, Jun 5: The much awaited Southwest Monsoon entered Karnataka with widespread rain in coastal and central regions of the southern state, an official said on Friday. Rain and thundershowers are likely to occur at most places over coastal areas and at a few places over the interior parts over the next 24-48 hours.

"The southwest monsoon entered the state on Thursday as predicted from Kerala and the Arabian Sea, with moderate to heavy rainfall in the coastal districts and central or Malnad region of the state," Karnataka State Natural Disaster Monitoring Centre Director Srinivas Reddy told media here.

Though the monsoon has set in on time in the state, Reddy said its progress was likely to be slow in the next three days, as cyclone Nisarga induced high-speed winds took away rain-bearing clouds from the southern peninsula.

According to the regional meteorological office, Karwar in Uttar Kannada district received a whopping 15cm rainfall on Thursday, followed by 11cm each at Kundapur in Udupi district and Shivamogga in Malnad region.

Kadra and Gersoppa in Uttara Kannada and Kottigehara in Chikkamagaluru district had 10cm rainfall, followed by 8cm at Virajpet in Kodagu district and 7cm each at Shirali and Gokarana in Uttara Kannda.

Isolated to scattered rainfall also occurred in many places across the north and south interior regions of the state.

"The monsoon will advance in the state to south and north interior areas after June 8 as there is lull in its movement due to lack of rain-bearing clouds and winds to carry them," said Reddy.

Noting that the four-month monsoon from June to September, crucial to the rain-dependent state would be normal this year, Reddy said its progress and spread, however, would depend on various factors like cloud formations and wind movements.

"Conditions are likely to become favourable for monsoon advancement in the state over the next 2-3 days," asserted Reddy.

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News Network
May 15,2020

Mysuru, May 15: The Temple Town of Nanjangud was till now treated as one unit or a Cluster Containment Zone and was put under complete lock-down as per the containment protocol listed under COVID-19 regulations and Disaster Management Act, 2005.

However on Friday, some of the restrictions have been lifted by Mysuru Deputy Commissioner Abhiram G Sankar who permitted certain activities as no fresh positive cases were reported from the cluster area. The Cluster Containment Zone was declared on March 29 following one employee of Nanjangud-based Jubilant Generics tested positive for the killer Coronavirus. As there were chances of the positive person spreading the disease to other employees of the factory, the cluster rules were enforced. Moreover, there were over 1,000 employees in the Pharma Company and a majority of them lived in and around Nanjangud.

The declaration of Cluster Containment Zone with complete lock-down and quarantining of all the Pharma Company employees proved a success to the District Administration as whoever tested positive – over 73 were later tested positive — had already been quarantined and the dangerous community spread phase was successfully prevented. To a major extent, the Corona virus curve has been flattened. As such, restrictions have been relaxed a bit on Friday.

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