Multitalented Ganesh Rai bags ‘Global Man Award 2015’

[email protected] (CD Network | Shodhan Prasad)
November 19, 2015

Dubai, Nov 19: Former president of Sharjah Karnataka Sangha, BK Ganesh Rai is being conferred with the 'Global Man Award 2015' for his contributions to Kannada language, literature, art, folk and social service in India and oversees. The award will be presented to him during the 12th Vishwa Kannada Samskruthi Sammelana & 13th anniversary of Sharjah Karnataka Sangha Celebrations to be held on 19th & 20th of November, 2015 at Al Boom Tourist Village, Sharjah, UAE.

gan 3

Ganesh Rai is the name which flashes in the minds of every Kannadiga specially in UAE when matters of creativity is concerned. Multi-talented, one can call him "Sakala Kala Vallaban", it may be different forms of painting from miniatures to wall size, various forms of sculptures from paper pulp to plaster or parry's, Large stage settings, Tablos, Palatial Sets, Photography, Videography, Brochures, Digital Banners, Souvenirs, Models, etc. you name it and you will find the skills in this great man, Ganesh Rai. He will simply smile and says yes 'I will do it' without any hesitations as for him work is worship and so he does it in ease. For that matter it is not only Ganesh's hand work doing the job; he is a good speaker too who came out to be the receiver of "Karnataka State Best Teacher Award" in the year 1993.

Straight from Coorg (Mercara) or the so called 'Madikeri' as it was also called 'Scotland of India' by the inspired British who occupied this area for over 100 years, Ganesh Rai is born to Thulasiamma and Krishnappa Rai parents who themselves sound 'Krishna Tulasi' close to the Lords. The enchanting fragrance of coffee, the aroma of fresh cardamom, Black pepper, the everlasting taste of pure Coorg honey, the flowing of holy river Cauvery, the noticeably cool fresh air, the beautiful scenic of hilly terrain, with its austere beauty, this god gifted, pollution free, calm and quiet land of mountains, the wooded slopes, eccentric villages, colourful scenery, rugged landscape, endless mountain ranges, ridge after ridge of slopes laden with forests rising to the sky, gives Madikeri its unique & irreplaceable character. And this special land Madikeri has gifted to the world this unique personality called, Ganesh Rai who always keep saying "Elladaru iru yenthadaru iru, yendendhigu nee kannada vaagiru"

Ganesh Rai needs no introduction in this part of the world. As there is one India, one Lata Mangeshkar, one Amitabh Bachhan and one Jakannachaari, you will find only one Ganesh Rai. You will see that all the qualities of these great personalities of different fields are in one person. It is indeed nice to have this great person who raises out of limitation of colour, caste, creed, religion and language barriers. Be it a request for art, stage setting, designing, printing, executing brochures, logos, invitations, souvenirs, sculpture, decorating stage from any corner of people, any corner of UAE, at any point of time, you will find only one person who smilingly creates and executes in spite of his busy schedule. He is none other than the Professor of Art, B. K. Ganesh Rai. 'Sirigannadam Gelge, Sirigannadam Baalge' he never forgets when completing his speech in any of the respected podiums he has attends.

Just to remember the credentials of Ganesh Rai in bullet point - 'A Service to Humanity'

* Turnkey project management for almost all Social Organisations without linguistic barriers
* Conceptualization, designing, printing & distribution of invitations
* Creation of giant size banners, stage backdrops, stage settings, cut-outs, posters etc.
* Creative Journalism writing to various web medias flashing timely news around the world
* Publication of high profile visit reports of specially invited artistes and guests from India
* Expressive Master of Ceremony (MC) par excellence with easy flow of language and literature
* Conceptualization of 'Certificate of Honour' for Dignitaries, High profile guests, Artistes etc.
* Concept, design & execution of various Souvenirs to almost all the existing Associations in UAE
* Creating Sculptures especially Ganesh Idol every year, Narayan Guru Idol and so many
* Paintings of Lords, Brush Arts, Pencil Art, Charcoal Art and various naturalistic creations
* Assumed and discharged active role as President of Karnataka Sangha Sharjah in 2004
* Conducted first Blood Donation Camp for Karnataka Sangha Sharjah in association with MOH
* Attending all Blood Donation Camps organised by various associations and creating awareness
* Creating Banners, Role-ups and notices for Blood Donation Camps and providing media news
* Compiled, created & released Brochure of all Karnataka based organisations Blood Donations
* Blood Donation Brochure release and inaugurated by H.E. M.K. Lokesh, Ambassador of India
* Record of Indians Blood Donation presented to Governments of India, U.A.E. and Karnataka
* Helping the unfortunate deceased Indians in formalities of sending the mortal remains to India
* Enlightening and spreading the essence of Kannada as a soldier of Karnataka to Kannadigas
* Attained appreciations and accolades from almost all Karnataka based Associations
* Attained appreciations and accolades from Tamil, Malayalam and other Indian Associations
* Attained accolades from NMC Group where he is serving as Creative Art Director
* Supported people of Bangladesh during the flood and natural disasters to the affected people

Rai a B.Com., graduate of Government College, Madikeri, a Fine Art Diploma holder of Chamarajendra Academy of Visual Art6s, a Art Master Certificate holder from Kalanikethan School of Arts, Mysore and Mahalasa School of Arts, Mangalore is very well supported by his charming wife Manjula Rai, beautiful daughter Aishwarya Rai & handsome son Monish Rai.

To know this personality's creations one should also need to see what are those? Here below are some of the creations which has been applauded:-

Rai's creations in INDIA

Sculpture / Statues

Created Pushpanjali, Elephants, Lion & Carving Designs in the year 1974 at Govt Junior College Madikeri - Courtesy P.P.Ayyanna- Principal and unveiled by the Field Marshal K. M. Cariappa

Ganapathy Statues

From 1979 onwards he has created more than 350 Statues (2ft – 12 ft) for Karnataka Electricity Board Madikeri 1979-1995, Archana Ganapathy Festival, Virajpet, Angala Parameshwari Temple, Virajpet, Sri Rama Mandir Dechoor Madikeri, Hindu Yuva Shakti New Extn, G.T.Circle, Madikeri.

Paper pulp Statues

Created Paper Moulding Statues 8ft-12ft of different styles & movements at Madikeri Dasara Festival, Gonikoppal Dasara Festival, viz., Ganapathy, Natya Ganapathy, Durga Parameshwari, Lakshmi, Saraswaty, Cauvery, Subramanya, Veera Hanumaan, Soorya Bhagavan with Seven Horses, ShanmukaTarakasura vadhe, Vishnu bhagavan, Narada, Thumbura, Shiva Linga, Lions, Tigers, Swamy Ayyappa, Maha Kali and many more. Also at Kanchi Kamakshi Temple Gouli street Madikeri, Kote Mariyamma Temple new Extn. Madikeri, Dechoor Sri Rama Mandir Madikeri, Kote Ganapathy Temple Madikeri, Kundurumotte Chamundeshwari Temple Madikeri Uma Maheshwari Temple Gonikoppal, Sree Hanuman Garadi, Beltangadi, South Canara, Bhuvaneshwari Statue – Kannada Rajyotsava Celebration - Virajpet etc.

Concrete Moulding Statues

Created 9 ft. Cauvery Statue both front & back side faced double dimension In front of Cauvery Kalakshetra Madikeri, St Michael Statue 9 ft. at St. Michaels Church Madikeri, St. Mary Statue 4ft. at Kedamalloor Church - Virajpet, Nandi Basava - Arameri Kalancheri Mata statues, Raghavendra Swamy Statue at Raghavendra Temple – Mantralaya A.P., Karu Mariyamma / Nandi / Shiva Linga statues at Karu Mariyamma Temple Madikeri, Swamy Vivekananda 12 ft. statue at Cauvery Krupa Madikeri & Prabhavali at Ganapathy Temple Virajpet

Wax Statues

Created Ganapathy, Lakshmi, Sarswathy, Cauvery statues at Madikeri.

Oil Color / Water Color Paintings

Created Birth Place of Cauvery Oil color Canvas Painting for Tamilnadu Tourism Development Board, Chennai. Also created Field Marshal K.M.Cariappa Life-size Oil Colour Painting, Gopala Krishna Gokale Lifesize oilcolour painting for Govt. Junior College Auditorium Madikeri, Coorg Landscape Paintings Oil Colour for Public Library Virajpet, Jayaprakash Narayan Oil colour Portrait for Hon Vajapayee –Prime Minister of India, Omkareshwara Temple by night oil colour painting for Lalitha Kala Academy Bangalore and many Paintings collections at Delhi, U.S.A. Australia, France, Dubai etc.

Participation in Water Colour /Oil Colour Paintings Art Exhibitions

Participated in Mysore Dasara Cultural Exhibition 1977, Group Artist’s Art Exhibition 1986, Lalita Kala Academy Bangalore- Kaveri Kala Kshetra Madikeri, Karnataka Artist’s Art Exhibition, Gokarnanatheshwara Temple Auditorium Kudroli Mangalore, 54th Kannada Sahitya Sammelana Artist’s Exhibition, Mann’s Compound Madikeri, Laksha Deepotsava Art Exhibition, Dharmastala, Group Artist’s Art Exhibition, Rotary Hall Virajpet, Taranga Group Artist’s Art Exhibition in 1991 at Town Hall Auditorium, Virajpet, Kodava Sahitya Academy Sammelana in 1995at Karnataka Sangha Hall Virajpet, Karnataka Citra Kala Parishat Art Exhibition 1990 at Karnataka Chitra Kala Parishat Hall, Kumarakrupa- Bangalore, Vishwa Bunts Convention Artist’s Exhibition, Cithra Kala Parishat Hall – Bangalore which was inaugurated by Dr. Shivaram Karanth, Group Artist’s Art Exhibition at Channabasappa Hall Somawarpet, Art Exhibition on Wheels at Karnataka Lalitha Kala Academy, Art Exhibition Bus – Bangalore, Bhoopal Union Carbide Tragedy / Chernobyl Atom Tragedy, Art Exhibition Town Hall Virajpet DYFI Virajpet, St. Anne’s Church 200 years celebration in 1991 at Art Exhibition St. Anne’s Auditorium at Virajpet

Artist’s Camp Participation

Participated in Karnataka Lalita Kala Academy Artist's Camp at Hotel Valley View Madikeri 1977,
Hasta Shilpa Manipal in 1979, Karnataka Kala Yaatra by Motor Cycle in 1980 by Motor Cycle Sponsored by JAWA Mysore, Kodagu Kala yaatra in 1983 at Somawarpet ,Virajpet, Madikeri, Wild Life Nature Study Camp Nagarahole Games Sanctuary in Kodagu by Karnataka Forest Dept. Rotary Club Virajpet, Nature Study Camp at Cauvery Nisarga Dhama Kushal Nagar in 1990 by Bharath Scouts & Guides Association Kodagu Dist., Nature Study Camp Sharavathy Back water at Jog Falls in Shivamoga by Kodagu Kala Parishat, Kakana Kote Forest by Karnataka Forest Dept., Irpu Rameshwara Falls at Karnataka Air wing NCC, Thadiyandamol Peak at Karnataka Air Wing NCC

Participation in Bharat Scouts & Guides Camps / Jamborate
Participated in Bharath Scouts & Guides National Jamoborate – Kolar Gold Field (KGF)
Bharath Scouts & Guides President Award Training Camp
Kondaji Basappa Camp site – Bellary
Crystal palace Rally – Mysore Palace – Mysore
Karnataka Bharatah Scouts & Guides State Jamborate – Bidar
Karnataka Bharatah Scouts & Guides State Jamborate – Suratkal D.K.

Participated as Guest Speaker at:
Art and Hobby , Cauvery Women's College Virajpet
Hobby and Youth Talent at NSS Camp – Junior College Murnad
Chief Guest – Govt First Grade College - Madikeri Annual College Day Celebration
Chief Guest – Saraswaty Teachers Training & Law College Madikeri Annual Day Celebration
Chief Guest – Murnad Junior College - Murnad Annual College Day Celebration
Chief Guest – Independent Day Celebrations Karnataka Sangha Virajpet
Chief Guest – G.M.P.School – Murnad, Annual School Day Celebration
Inauguration – South India Art & Culture Exhibition, Karnataka Sangha Virajpet
Inauguration – Art & Sculpture Exhibition, Kalpavruksha Balaga - Virajpet

AWARDS

Award - Honoring - India at 1st Honor – Govt Junior College Madikeri 1974 at Field Marshal K. M. Cariappa Unveiling ceremony of Sculptured Art work Main Gate GJC Madikeri
Karnataka State Best Teacher Award - 1993 by Karnataka Teachers Benefit Fund Bangalore
Karnataka Rajyotsava District Award -1987 by Hon R. Gundu Rao – Chief Minister of Karnataka
Gold Medal -1987 at Lakshadeepotsava Dharmastala by Dr. Veerendra Hegade
State Level Honouring - 1993 - at Gokrananatheshwara Temple Mangalore, Sri Sri Sri Pejavara Matadipati, Dr. Shivaram Karanth
Shilpa Kala Rathna Award - 1983 at Karnataka Electricity Board – Madikeri, by K.A.Somanna – State Commissioner Bharat Scouts - Karnataka
Kala Praveena Award - 1984 Ganapathy Utasava Samiti Gandhi Nagara Virajpet by Sri Sri Sri Shanthamalla Swamiji – Arameri Mata
Kala Kirana Award - 1990 at Angala Parameshwari Temple Virajpet, by M. K. Poovaiah, President Town Muncipal Council Virajpet
Honouring - 100 years Kranataka Police Celebration-1984 by P.S. Ramanujam D.I.G Mysore
Honouring Lalitha Kala Academy, Bangalore -1991 by P. R. Thippeswamy, President Lalitha Kala Academy Bangalore
Honouring Madikeri Dasara – Navaratri Festival by M.C.Nanaiah - Hon Law Minister Karnataka
Honouring Sarva Dharma Sammelana – Arameri Matt, by Shiva Kumara Swamiji Siddaganga Matt Tumkur & Shantha Malla Swamiji Kalncheri Arameri Matt
Honouring Madikeri Dasara Utasav Temples by Kanchi Kaamkshi Temple, Kote Mariyamma Temple
Honouring Kodagu Bunts Association 1993 at Rotary Hall Madikeri
Honouring Vishwa Bunts Convention -1993 at Art Exhibition – Chitra Kala Parishat Bangalore by Dr. Shivarama Karanth and Hon Jeevaraj Alva Minister of Kannada & Culture Karnataka

Served following Organisation:

President –Kodagu Kala Parishat / Kodagu Art Masters Association
Secretary –Bharat Scouts & Guides Taluk Association
Secretary –Kodagu District Bunts Association
Founder Member –‘TARANGA’ Cultural Association Virajpet
Technical Advisor – Field Marshal K.M.Carippa Statue Committee – Madikeri

Rai's activity In United Arab Emirates from 1996 onwards

Served as Creative Art Director at Mirrage Advertising, Winning Communivations, Modern Graphics and now currently serving as Creative Director in Gulf Public Relations Advertising - Signage Division nmc Group

Public Services

President - Karnataka Sangaha Sharjah 2004 - 2006
Entertainment Secretary - Karnataka Sangha Dubai 2000-2002
Art Director - UAE Tulu Koota Dubai, Sangama Kalavidaru UAE
Organising Committee Member - UAE Bunts -2000-2001
Blood Donation Camp -2006
Karnataka Sangha Sharjah & Gulf Medical College Hospital, Ajman & Ministry Of Health Sharjah

Art works Created in UAE

Digital Banners created with the concept of Karnataka Art & Culture & Indian Traditional Art for the following associations:

* Karnataka Sangha Dubai
* UAE Tulu Koota
* Karnataka Sangha Sharjah
* UAE Bunts
* Mogaveers UAE
* Billawas Dubai & Northers Emirates
* Billawas Dubai
* Gulf Billawa Sangha
* Daaiji Rang Mandir
* Symphony Music Institute - Ajman/sharjah
* Sangama Kalavidaru UAE
* Nama Tuluveru UAE
* Vishwakarma Seva Samiti UAE
* Devaadiga Sangah UAE

Stage settings & Gateways creations in UAE with the concept of Karnataka Art & Culture & Indian Traditional Art for:-

* Karnataka Sangah Dubai -
Vidhana Soudha Bangalore settings -2001
* Mysore Palace Settings -2002
(Karnatakotsava - Vishnuvardhan Kananda Cine star)
* UAE Tulukoota - Tulunad settings, Tablos, Gateways,

Souvenirs Designed & published in UAE
* UAE Bunts Souvenir Cover page designed - 1999
* Karnataka Sangha Dubai Souvenir - "Gaana Vaibhava"2001 , "Chandana" 2010
* Karnataka Sangha Sharjah - "Saadhane" - 2006
* Abu Dhabi Karnataka Sangha "Rajata Rashmi" - 2006
* Mangalore Konkans Dubai 2003 - 2010
* Billawas Dubai & Northers |Emirates "Suvarna Kedage"- 2007
* UAE Tulukoota - "Sangama" 2000
* St Mary's Church Dubai - 2005
* St. Francis Assisi Jebal Ali - 2007
* St. Michaels Church Sharjah.
* SMC Malayalee Catholics
* Tamil Sangam RasAl Kahima
* SMC Fr. Daniel's Hon. Souvenir
* Dhvani Pratistaana UAE - "Kannada Naadu Nudi Rakshane" Cover
* Karnataka Sangha Sharjah -" Suvarna Karnataka Picture Card"

* Written & Conceptualised a book titled 'Footprints - A fascinating journey' to Padmashri Dr.
B.R. Shetty

Various Honour Cerificates Created, Conceptualised Designed for:-

Dr. B. R. Shetty, Bannanje Govindaacarya, Shakuntala Devi, Dr. G. S. Shivarudrappa, Master Hiranayya, Sri Vidhyabhooshan, Shyamal G. Bave, Sadananada Suvarna, Dr. Deviprasada Shetty, H. D. Kumara Swamy, B.S. Yadiyoorappa, Dr.V.S. Acarya, Krishna Palemar, D. V. Sadananda Gowda, Dr. K. P.Putturaaya, Vijayakumar Shetty, Kumble Sunder Rao, Jaya Suvarna & many more dignitaries.

AWARDS IN UAE:

Was honoured with 'Mayura Award' by Sharjah Karnataka Sangha in 2009
Received 'Prathiba Puraskar Award' at Vishwa Kannada Cultural Convention in 2009
Honoured at Nama Tuluveru 'Tuluvere Parba 2012'
Honoured at Kuvempu Utsava 2012 at Abu Dhabi Karnataka Sangha
Honoured at UAE Bunts Satyanarayana Pooja by Dr. B.R. Shetty in 2015
Honoured at UAE Tulukoota Silver Jubilee Celebration in 2015
Honoured at Devadigas Dubai Celebration in 2015
Honoured at Ramakshatriya Sangha in 2015
Honoured by Shri. Veerendra Hegde at Abu Dhabi Karnataka Sanga Rajyotsava Celebration 2015

Other than the above there are innumerable events Ganesh Rai has contributed selflessly in one or the other way which was noticed and appreciated by the concerns in various occasions.

Currently serving as Creative Art Director at Gulf Publications which is in one of the group company of Dr. B.R. Shetty's NMC Group.

gan 1

gan 2

gan 4

gan 5

gan 6

gan 7

gan 8

gan 9

gan 10

Comments

Aravind Kumar
 - 
Tuesday, 12 Dec 2017

Sir, 

Can you please give me email address of Sri B.K.Ganesh Rai. I was his student at St Annes High School Virajpet

 

Thanks 

Aravind

 

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.
Agencies
January 1,2020

For many Indian tycoons, 2019 turned woeful as lenders -- empowered by the nation’s recent bankruptcy law and desperate to clean up soured debt from their books -- started seizing assets of delinquent firms or dragged them into insolvency.

Indian banks wrote off a record $39 billion of loans in the 18 months through September in a bid to repair their balance sheets as they battled the world’s worst bad debt pile. Making matters worse, a shadow banking crisis led to a funding squeeze, crushing debt-laden businesses that were critically dependent on rollover financing.

“Life has come a full circle for tycoons that had enjoyed debt-fueled growth,” said Nirmal Gangwal, founder of distress and debt restructuring advisory firm Brescon & Allied Partners LLP. “Many firms collapsed like a house of cards. The downfall was rather unprecedented.”
The government has also been cracking down on economic crime to assuage public anger over absconding businessmen. It’s even barred some from traveling overseas if they were deemed a flight risk.

Here are some of the country’s biggest and most-storied businessmen who saw their fortunes fade. Spokespersons for none of these tycoons, except Essar, immediately replied to emails and text messages seeking comments.

Anil Ambani

The chairman of Reliance Group, which makes movies to metro lines, had a close shave with jail time in March before his elder brother and Asia’s richest man, Mukesh Ambani, bailed him out at the last minute. The woes of the ex-billionaire came to the fore when India’s top court asked him to pay Ericsson AB’s India unit about $77 million of past dues or go to jail since Anil Ambani, 60, had given a personal guarantee. His telecom carrier slipped into insolvency this year, while unprofitable Reliance Naval & Engineering Ltd. faced a cash crunch. Reliance Capital Ltd. is selling assets to pare debt. Ambani is also fending off Chinese lenders in a London court.

Malvinder & Shivinder Singh

Karma caught up with ex-billionaires and brothers Malvinder Singh, 47, and Shivinder Singh, 44, and how. Scions of a prominent business family, they once helmed India’s top drug maker and second-largest hospital chain. In October, the two were arrested on charges of fraudulently diverting nearly $337 million from a lender they controlled. India’s market regulator found in 2018 that the brothers had defrauded their hospital company of about $56 million. The collapse of the $2 billion empire turned brother against brother, prompting their mother to broker a peace deal that was short-lived. In February, Malvinder accused Shivinder and their spiritual guru of fraud.

Shashikant & Ravikant Ruia

After a hard-fought battle to keep their flagship steel mill, the first-generation entrepreneurs finally saw the bankrupt Essar Steel India Ltd. pass on to ArcelorMittal last month. The $5.9 billion takeover was almost two years in the making with multiple legal wrangles. The group, controlled by Shashikant Ruia, 76, and Ravikant Ruia, 70, were also reprimanded by a U.K. judge in March this year for concealing documents. Started in 1969 as a construction firm, Essar Group diversified, investing about $18 billion between 2008 and 2012, and piled on debt. In 2017, the group had sold another prized asset, Essar Oil.

Selling an asset to pare a liability shouldn’t be seen as a “lost asset,” an Essar spokesman said, adding that the group remains a diversified conglomerate.

VG Siddhartha

Before jumping off a bridge into a river in July in an apparent suicide, the founder of India’s biggest coffee chain Cafe Coffee Day had penned a letter that spoke of pressure from lenders, a private equity firm and harassment by tax officials. He had spent much of the last two years pledging ever more of Coffee Day Enterprises Ltd. shares to refinance loans for ever shorter periods, at ever higher interest rates. “I would like to say I gave it my all,” V.G. Siddhartha, 60, wrote in the letter. “I fought for a long time but today I gave up.”

Naresh Goyal

The former ticketing agent who built India’s largest airline by value, stepped down as chairman of Jet Airways India Ltd. in March, caving in to pressure from banks who took over the company. Cut-throat price wars and surging costs pushed Jet deeper into loss. The airline stopped flying in April and went into bankruptcy two months later as lenders failed to find a buyer. In July, an Indian court barred Naresh Goyal from flying overseas after the government said it was investigating an alleged $2.6 billion fraud involving Jet Airways.

Rana Kapoor

The founder of Yes Bank Ltd., which became India’s fourth-largest non-state lender, tweeted in September 2018 that his shares were invaluable and requested his children never to sell them upon inheritance. But trouble was brewing. The nation’s banking regulator, which found the lender had repeatedly under-reported its bad loans, refused to extend his tenure as chief executive officer. This forced Rana Kapoor, 62, to step down by end-January. Kapoor, who has pledged some of his Yes Bank shares in July, sold almost his entire stake in the lender by October.

Subhash Chandra

The rice trader-turned-media mogul, 69, who brought cable television into Indian homes in the early 1990s with his ZEE TV, resigned as chairman of Zee Entertainment Enterprises Ltd. in November and lost control of his crown jewel. Subhash Chandra has been selling stake in Zee Entertainment in the past few months to repay group’s debt.

Gautam Thapar

A default by Gautam Thapar, founder of the paper mill-to-power transmission Avantha Group, on pledged shares made Yes Bank Ltd. the biggest shareholder in CG Power and Industrial Solutions Ltd. In August, the firm was hit by an accounting scandal forcing the board to remove Thapar, 59, from the chairman’s post. A month later, the market regulator ordered a forensic audit of the firm and barred Thapar from accessing securities market.

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 5,2020

Bengaluru, Mar 5: Karnataka is facing unprecedented economic difficulties following a Rs 8,887 crore reduction in the state's share in central taxes, cut in allocation under 15th finance commission and a Rs 3,000 crore hit in GST compensation, Chief Minister B S Yediyurappa indicated on Thursday.

Presenting the state budget for 2020-21 in the Assembly, he said Karnataka's share in central taxes has come down by Rs 8,887 crore in 2019-20 as per the revised budget estimates of the central government. Therefore the state's revenue resources have been reduced. Apart from this, Rs 3,000 crore GST compensation will also be reduced as collection from the GST compensation cess is not as expected, the Chief Minister said. "With all this it has become difficult to reach to reach the 2019-20 budget targets and to manage this situation within the bounds of the Karnataka Fiscal Responsibility Act, an inevitable situation has arisen this year to cut down the expenditure of many departments," he added.

As per the interim report submitted by the 15th finance commission, there is a reduction in the state's share of central taxes to 3.64 per cent compared to 4.71 per cent fixed by the 14th finance commission. In view of this, there will be a reduction of Rs 11,215 crore in the state's share of central taxes in 2020-21 budget, when compared to the previous one.

He, however, noted that the allocation recommendation of the 15th finance commission is limited to one year only and the complete report for the period 2021-22 to 2025-26 will be submitted in October 2020.

"Our government will soon submit a revised memorandum to the commission to set right the loss caused to the state with regard allocation for the year 2020-21 and give more allocation for the remaining period," the Chief Minister said. He also said, when compared to the previous year, there is an increase of approximately Rs 10,000 crore for 2020-21 with regards to government employees salary, pension and interest on government loans, but there is no proportionate increase in resources as compared to committed expenditure. "Due to this reduction of the state's share of central taxes as per the 15th finance commission report and other developments, serious difficulties are being faced in resource mobilisation efforts of the state," Yediyurappa said. "This magnitude of economic difficulties was never faced in the previous years by our state," he added.

However, the state's own tax revenue collection is excellent during this year, he said. As compared to the previous year, there is a growth of 14 per cent in State GST collection. "Based on this, in the new budget, efforts are being made to manage the reduction in the share of central taxes by stabilising the state's own resources more", the Chief Minister said.

Karnataka recorded a gross state domestic product growth rate of 7.8 per cent in 2018-19 and Yediyurappa said for the current financial year it is estimated to be 6.8 per cent.

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
January 9,2020

Mangaluru, Jan 9: Noted city based tax accountant and former Rotary District Governor Surya Prakash Bhat passed away late this evening following brief illness. He was 62 and is survived by his wife Srimathi and two daughters Shruthi and Shravya.

Surya Prakash Bhat suddenly fell ill and had been in coma for the last two weeks due to complications arising from acute diabetes. He was undergoing treatment in the ICU at Yenepoya Hospital, Kodialbail. However he failed to respond to treatment and passed away at 9.20 p.m on Wednesday, January 8th.

He was an active Rotarian. He was an active member of Rotaract Club of Mangalore Central during his youth and then joined Rotary Club of Mangalore in 1989. After holding various positions in club level and the district level including Rotary District Secretary during the year 1995-96, he became club President of Rotary Club of Mangalore during its Golden Jubilee year in 1999-2000. Then on he rose to the position of District Governor of RI Dist. 3180 during 2003-2004. He was presently a member of the Rotary District Advisory Council.

Popularly known as "SURI", Surya Prakash Bhat was born in Mangalore on 8th May 1957. He had his early education in Milagres High School and graduated from St. Aloysius College. He did his articleship under Kamath & Rao Chartered Accountants. He has been practicing as a Tax Consultant since 1980 specializing in the fields of Goods & Service Tax (GST).

He has earlier served as Treasurer and Secretary of Kanara Chamber of Commerce & Industry, Mangalore. He also has been a Member of Finance & Banking Committee of FICCI, New Delhi; Member of Advisory Board, Department of Commercial Taxes as well as of Customs & Central Excise. He was one of the founders of The Karavali Automotive Sports Club, Mangalore and a Trustee of Shri Somanatha Temple, Someshwar, Mangalore.

Had been regularly anchoring programme like “Janadhwani”, a programme which highlights problems of common man, Elections Special and Budget Analysis in the local TV Channel.

Funeral will be held tomorrow in Mangalore.

Rotary Connection

Surya Prakash Bhat Joined Rotaract Club in 1976-77 and had won record 14 out of 15 awards in the district (Comprising of 8 Revenue Districts) as the best President during 1984-85.  He served as Rotaract District Secretary during 1985-86. 

He has been addressing various institutions, organizations and service clubs on matters of general interest, personality and individual development and Rotary. Has addressed the prestigious Rotary Institutes at Colombo and was trainer for the DGN’S at Cochin Institute, Bangkok Institute & SINGAPORE Institute. He was the President during the "Golden Jubilee Year" of Rotary Club of Mangalore during 1999-2000 when the club had bagged a record 28 awards in all.

He attended Rotary International Conventions at Singapore in 1999, at Denmark/Sweden in 2006 and New Orleans, USA in 2011,and Sydney, Australia in 2014. He was District Secretary during 1995-96 and then was the Club President during 1999-2000. He had initiated unique District Projects like “Sanjeevini” – Students Parents Insurance Scheme, “Jeeva” Highway Ambulance Project, Mid Day Meal for students of 6th & 7th Std children, Mobility Training Centre for the Blind etc. 

During the Governorship, RI Dist.3180 topped the world in membership development with 15 new clubs and 852 new members.  He has represented the Dist.3180 to Council on Legislation (decision taking body of Rotary International) at Chicago, USA during 2006-07.  Has been awarded “The Citation for Meritorious Service” by THE ROTARY FOUNDATION of Rotary International in recognition of his devoted efforts for the furthering of better understanding and friendly relations of people’s of the world. Has also been awarded “The Service above Self” citation of the Rorary International for the year 2011. Was the coordinator for Zone 6A & 6B covering around 12 countries for Literacy Programme of R.I for the year 2006-07.

Was the Chairman of the Dist. Trainers Training Programme at the Rotary Institute 2017-18 at Kuala Lampur, Malaysia.

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.