Foundation stone for “Hidayah Share and Care Colony” laid at Kavalakatte

[email protected] (CD Network)
July 23, 2011

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Bantwal, July 23: The foundation stone laying ceremony for “Hidayah Share and Care Colony”, the a brain child of city based philanthropic organisation Hidayah Foundation was held at Kavalakatte in Bantwal taluk here on Friday evening.

Haji Abdul Jabbar Musliyar, Member of Samastha Kerala Mushavara laid the foundation stone at about 4 acres of land which is reserved for building houses for weaker section of the community by the Hidaya Foundation.

Kavalakatte Hazrath Muhammad Fazil Razwi offered Du'a gracing the occasion.

Later, a formal stage programme was held on the premises of Urdu Higher Primary School under the presidentship of Bantwal MLA B Ramanath Rai.

Addressing the gathering, Mr Rai said that the programmes launched by the Hidayah Foundation were the ideal for the betterment of the society. Many prominent development works can be done, when like-minded people gather and think about downtrodden people of the society, he said.

He distributed Ramzan Kits to poor and needy on the occasion.

N B Aboobaker, Chairman of Karnataka Minority Development Corporation said he would extend all the necessary assistance to the Foundation in fulfilling its dream project.

In his key note address, H K Khasim Ahmed, Founder President of the Hidayah Foundation, said that a blueprint has been prepared to build 40 houses in 2 acres in the first phase. The houses would be distributed on the basis of survey conducted by the Foundation, he said.

Shelter for disabled

Besides this, Mr Ahmed said that the Foundation has conceived a project to shelter physically challenged and mentally retarded people.

Vanamahothsava

After foundation stone laying ceremony, Mr Rai inaugurated Vanamahotsava programme by planting the saplings on the land of “Hidayah Share and Care Colony”.

Kavalapadoor Taluk Panchayath Member Padmashekhar Jain, Kavalamudoor Gram Panchayath President Yakoob, Kavalakatte Jumma Masjid President Shekh Rahmathullah, Ahmed Muhyuddin of Delva Infralogistics, G Abdul Khader of Hajjaj Groups, Hyder Ali of Presidency Group, Abdul Rauf Puttige of Vishwas Bawa Builders, Badruddin Katipalla, Jamath President S Abbas, Abdul Gafoor and others were present.

Haji G Muhammad Haneef welcomed the gathering while Umar UH proposed vote of thanks. Abdul Razak Ananthady compered the programme.

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 - 
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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 25,2020

Bengaluru, May 25: The 36-hour marathon lockdown call given by Karnataka Chief Minister B S Yediyurappa, passed off peacefully with people opting to remain inside their houses and cooperate with the state government to fight against spread of deadly Covid-19.

Though the call was only for 24 hours from 7 am (Sunday) to 7 am (Monday) another 12 hours was added to it as the night curfew was already in force from 7 pm on Saturday and the next day (Sunday) it continued till Monday up to 7 am.

Autorickshaws and bus service were off the road giving a tough time to people arriving from neighbouring places reach home that too during the night. Adding to their woes was heavy rain that lashed the city for more than two hours on Sunday evening flooding the streets.

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coastaldigest.com news network
July 4,2020

Davanagere, Jul 4: Referring to allegations made by former Karnataka Chief Minister Siddaramaiah's charge about corruption while purchasing COVID-19 equipment, Health Minister B Sriramulu said the state government is ready for any kind of probe in this regard.

Speaking to media persons here on Saturday, he said the government has maintained accounts for each purchase of equipment related to Covid-19. 

"So, Congress leader's allegations are far from the truth. Siddaramaiah has vast political experience. It is unbecoming of such a leader to make ridiculous allegations. The government is ready to release white paper on purchase of equipment related to Covid-19," he said.

He said Karnataka stands third in the country in collection of throat swabs and examination of people related to Covid-19. The entire country has hailed Karnataka's role in containing Covid-19, Sriramulu he added.

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