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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coastaldigest.com news network
June 21,2020

Udupi, June 21: An entrepreneur lost his life after the car he was driving veered off the road and plunged into a roadside tank near Barkuru in Brahmavar taluk of Udupi district today.

The deceased has been identified as Santosh Shetty, a resident of Vakwadi in Kundapur taluk. He is the proprietor of Laxmi Glass and Plywood, Koteshwara. 

A woman, identified as Shweta, who was also on board the car suffered critical injuries.  

The mishap occurred when the duo was heading to Vakwadi from Brahmavar in Hyundai Car sedan car. 

Shetty lost control over his vehicle while negotiating a curve at Chaulikere and the car plunged off the road as there was no barricade. 

Even though local residents began rescue operation immediately, Shetty breathed his last on the spot. Shweta was rescued and shifted to a hospital in Manipal for treatment.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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News Network
April 28,2020

Bengaluru, Apr 28: Providing respite, Karnataka has decided to ‘conditionally’ allow economic activities to restart in green zones.

The green zones of Chamarajanagar, Koppal, Chikkamagaluru, Raichur, Chitradurga, Ramanagara, Hassan, Shivamogga, Haveri, Yadgir, Kolar, Davangere, Udupi and Kodagu will now see shops and industrial activities starting operations, according to an order issued by Chief Secretary TM Vijay Bhaskar on Tuesday.

Lockdown restrictions in the wake of COVID-19 will continue in Bengaluru Urban, Belagavi, Mysuru, Vijayapura, Bagalkot, Kalaburagi, Bidar and Dakshina Kannada. Here, only essential services and supplies will be allowed.

In green zones, all shops that include neighbourhood shops, standalone shops, shops in residential complexes within the limits of municipal corporations and municipalities can open with 50 per cent manpower but with masks and social distancing mandatory.

Shops in residential and marketing complexes are allowed to open in areas located outside municipal limits, the order states.

Multi-brand and single-brand malls will remain shut across Karnataka.

Industries operating in rural areas of these green zones (except Ramanagara) have been allowed to start. Also, manufacturing and other industrial establishments with access control in special economic zones and export-oriented units, industrial estates and industrial townships will be allowed to operate.

“These establishments shall make arrangements for stay of workers within their premises as far as possible and/ or adjacent buildings. The transportation of workers to workplace shall be arranged by the employers in dedicated transport by ensuring social distancing (sic),” Bhaskar said in the order.

This order comes a day after Chief Minister BS Yediyurappa participated in a video conference with Prime Minister Narendra Modi, and with all deputy commissioners.

No decision on relaxing lockdown restrictions has been taken for Ballari, Mandya, Bengaluru Rural, Gadag, Tumakuru, Chikkaballapur, Uttara Kannada and Dharwad. “The decision regarding opening of shops and industries in taluks where there are no active COVID-19 cases will be taken by the concerned district in-charge minister,” Bhaskar said.

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