Mangaluru: 1,000 participants expected in Cycle Rally-2016

[email protected] (CD Network)
March 17, 2016

Mangaluru, Mar 17: The Mangalore Cycle Club Taj Cycle Co. and Elite Event Solution Mangalore will organize 5kms –Cycle Rally 2016 on April 3 on Occasion of World Health Day, which is expected to attract about 1,000 people of different age groups.

cycle

The participants and visitors of the “Cycle Rally" ride will be entertained by music groups and traditional dance groups at the starting and finishing points and also at different places en route. To add more colour to the event the organizers are making arrangements to rope in celebrities.

That the objective of organizing such an event is to promote healthy lifestyle. people of Mangalore are on the road to a healthier lifestyle. Events such as this, give them the opportunity to come out and ride with the luxury of no traffic.

The Cycle riding route will take the Cycle riders to some of the prominent landmarks of Mangalore so that they can get a glimpse of the rich heritage of the city. The Cycle riders will be provided with Water enroute and refreshments on finishing the race. Medical facility will be provided enroute by the Medical Partners of the event. Doctors/Nursing staff along with Ambulance will be stationed at the Start/Finish line and also at various points en route to provide medical care for the Cycle riders.

It is not a competition but an occasion to enjoy cycle ride covering Five k.m. stretch to World Health Day. Children aged above 8 years and adults can participate.

The Cycle Rally 2016 has been categorized into 3. like Lady rider ,rider-senior , Junior Raider Children above 8 years will be allowed to participate in the rally while can take part in (5 kilometers) Ride.

Starting Point from Lady hill circle, Lalbagh, MG Road ,PVS, Navabharath Circle ,KS Rao Road and The Forum Fiza Mall End Point.

The raider will be honored with certificates and Participants those who will complete the Rally, get a chance to win a lucky dip contest. Lucky Riders win Cycles will be distrusted among them.

To encourage corporate firms and educational institutions to participate in the event as a team, the organizers have instituted Healthily Cycle Award” which will be presented to the company or educational institution with maximum participation

"First 500 participants will be given Cycle Ride 2016 T-Shirt, participation medial and certificate and refreshments. Water will be made available for participants on the route and medical facility including ambulance will also kept ready.

"The Cycling aims at promoting one's journey towards a happy and healthy living. The Cycle Rally 2016 is also a fun event and group participation is encouraged. It presents a wonderful opportunity for likeminded people, friends and corporate houses to make their presence felt by wearing rally T-shirts, beating drums and scarring placards with innovative slogans suitable to the occasion or highlighting the strengths of the city. This is an opportunity to promote team work and demonstrate social responsibility.

Cycle enthusiasts can register at Registration counter:

TAJ CYCLE COMPANY
Ismail Building, Maidan Road,
Mangalore
Phone: 2426048,
Registration fee is Rs 50.00
Enroll Before 31th March 2016.

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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
May 20,2020

Mangaluru, May 20: The Third Vande Bharat Mission flight carrying 63 repatriates from Muscat landed at Mangaluru International Airport at 8.35 pm on Wednesday. It was piloted by Mangalurean captain Michael Saldanha.

More than half of the passengers from Muscat alighted in Bengaluru where the flight landed first. Remaining 63 passengers came to Mangaluru. 

After landing, all the passengers were given health kits, food and mobile SIMs, and arrangements were made to change their currency at the airport. 

A health department team screened each passenger, after which emigration formalities were completed. Their throat swab samples will be tested for Covid-19 on Thursday.

Union fertiliser minister D V Sadananda Gowda tweeted on Wednesday that the next Vande Bharat Mission flight is scheduled on Friday from Doha to Mangaluru. The flight will land at Mangaluru at 9.55 pm. 

The third repatriation flight from Dubai to Mangaluru is scheduled on Saturday. It will first land at Bengaluru and later fly to Mangaluru. However, there are no flights from Bahrain, Saudi Arabia and Kuwait to Mangaluru.

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News Network
July 24,2020

Mandya, Jul 24: Pressing for a total ban on stone mining and quarrying in and around the villages surrounding Krishna Raja Sagar Dam in the District, many organisations have called for Mandya bandh on July 29.

The bandh has been supported by Raitha Sangha, Karunada Sevakara Sanghatane, Auto Drivers Association, Jaya Karnataka, Bharatiya Samvidhana Hitharakshana Vedike, Sugarcane Growers Association, Vokkaligara Seva Trust and Dalita Sangarsh Samiti (Krishnappa faction).

The activists said that the State Government must immediately take steps and permanently ban mining in 20 km radius around KRS as continuous blasting for stones is causing grave danger to the structure.

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