KFDC chief bats for ban on fish export from Karnataka to check rising prices

coastaldigest.com news network
October 31, 2017

Karwar, Oct 31: In the wake of dropping fish catch and high prices of locally consumed fish, the Karnataka Fisheries Development Corporation (KFDC) has suggested the State government to impose a temporary ban on fisheries exports from its coastal belt.

The Goa government has stated that it is mulling to temporarily ban fish exports because it has created artificial scarcity in the state. Rajendra Naik, president of KFDC appreciated the move and demanded that export of fish should be temprarily banned in Karnataka too.

Rajendra said that he had taken a similar step about 15 years ago in Ankola when he was the president of Ankola municipality. "Then a resolution was passed by the municipality not to allow loading of fish in trucks carrying them outside Uttara Kannada, Goa and Kerala in all fisheries ports in the area till 1pm every day as there was complaints that the entire catch was being sent outside the district depriving the local people of the nutrient food," he said.

"The same system still continues in Ankola. Fishermen in the state avail subsidy on the boats and fuel which runs into crores of rupees every year. The subsidy is being provided from the taxpayers' money. This being the case, if the fish caught by these fishermen is sent outside by depriving the local people of fish, what is the use of providing subsidy to them? So the government should come out with a policy on fish export and only the excess fish after supplying in the local market should be allowed to export. Those who violate this should be barred from availing subsidy," he said.

Many small fishermen said that they too are the victims of the export lobbies. "We sell our catch to the local fisheries cooperative bodies. The agents of the export companies wait there and buy the same fish at high prices," said Lokesh Tandel a fishermen from Kumta.

"We are the victims of artificial fish shortage created by the export lobbies. The fish left over after supplying to exporters are being sold in local market and that too at a high price. Common people have to pay at least 400% higher prices in Karwar market compared to Ankola. So the government should take steps to curb this artificial shortage," said Shantaram Shet of Karwar.

Comments

Unknown
 - 
Tuesday, 31 Oct 2017

Good trick.. keep market stable artificially.. increase demand maximum

Naveen
 - 
Tuesday, 31 Oct 2017

Artificial scarcity, temporary ban everything is good. But before that should ensure upto what extend the poor fishermen will get benefited.

Danish
 - 
Tuesday, 31 Oct 2017

Artificial scarcity may cause in legal selling. Chances of black market may increase

Ganesh
 - 
Tuesday, 31 Oct 2017

Thats for good if it works for demand increasing

Kumar
 - 
Tuesday, 31 Oct 2017

Good quality fishes should make available here first then rest can export.

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News Network
May 22,2020

Mangaluru, May 22: Dakshina Kannada today reported a fresh case of coronavirus infection, taking the coastal district's tally to 62. 

The new patient is a 29-year-old womon, who was under instituional quarantine monitored by the district administration in Belthangady. 

She had returned from Mumbai on May 18. Her throat swabs were sent for covid-19 testing on the following day and today she received positive result.

Out of the 62 covid-19 cases detected in Dakshina Kannada so far, only 50 are residents of the district. Among 12 others 4 are from Kasaragod and 3 from Karkala, 2 each from Uttara Kannada and Mumbai, and 1 from Kalaburgi.

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KT
April 12,2020

Apr 12: The board and management of troubled NMC Healthcare should be held accountable for the financial irregularities, said Abdulaziz Al Ghurair, chairman of the UAE Banks Federation.

"Banks have dealt with the exposure professionally and they lent to a company which was listed on FTSE-100 index with world-class regulator and the world's largest audit firm doing their audit. Even if they present their balance sheet today, people will still lend to them. This is a world-class fraud and the management and board members should be held accountable. We should have a different track to handle this company. It is not a normal track that we can go," Al Ghurair said during a virtual press conference on Sunday.

It is estimated that the more than 80 local, regional and international banks have exposure to healthcare firm. The UAE bourses had asked all the listed companies in the UAE to announce their exposure. The UAE banks last week announced nearly Dh10 billion exposure to NMC Healthcare, which is owned by the billionaire BR Shetty.

Abu Dhabi Commercial Bank has the highest exposure to NMC at Dh3 billion. Dubai Islamic Bank and its subsidiary Noor Bank announced Dh2 billion exposure while Emirates NBD and its Shariah-compliant unit Emirates Islamic Bank revealed Dh747.34 million exposure. Ajman Bank has Dh151.8 million while Al Salam Bank pegged its exposure at Dh161.5 million. All these lenders revealed their exposure for the first time on Sunday.

Abu Dhabi Islamic Bank said it had extended Dh1.07 billion in financing to NMC Healthcare, and an additional Dh113.67 million exposure to Islamic bonds issued by NMC.National Bank of Fujairah pegged its exposure to NMC at Dh289.1 million, while Sharjah-based United Arab Bank said its exposure was Dh135.3 million.

NMC recently revised its debt position to $6.6 billion, well above earlier estimates.

London's High Court last week placed hospital operator NMC Health into administration, on the application of Abu Dhabi Commercial Bank.

"I know leading bank in UAE have already legal guardian of the company so now management cannot hide anything. The new team will manage and discover what happened," said Al Ghurair.

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News Network
May 10,2020

Kanhangad, May 10: Kasaragod district has become free from COVID-19 on Sunday.

The last remaining patient has been tested negative for coronavirus, said district medical officer Dr. A. V. Ramdas.

He added that the officials are proud to have been able to cure all 178 COVID-19 patients in the district.

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