No role in Mahadayi bandh; will support the cause: CM

News Network
January 24, 2018

Bengaluru, Jan 24: Denying the Bharatiya Janata Party’s charge that he is behind the proposed Karnataka bandh over the Mahadayi issue, Chief Minister Siddaramaiah has said that he only support the cause of Kannadigas.

Responding to BJP State president B.S. Yeddyurappa’s charge, Mr. Siddaramaiah said the bandh had been called by Kannada groups and farmers’ organisations. “Actually it will be a problem for the government as it has to close schools and stop buses,” he said.

Earlier, Mr Yeddyurappa had said that even the protests outside the BJP’s office were “Congress-inspired”.

Referring to the Karnataka bandh called on January 25, coinciding with the BJP’s Parivarthana Yatra rally in Mysuru which is to be attended by the party’s national president Amit Shah, Mr. Siddaramaiah said the BJP was worried about poor turnout at the rally. He said the party leaders were embarrassed by the empty chairs during the previous rally attended by Mr. Shah in Bengaluru and were worried of a repeat in Mysuru.

He also dismissed the BJP charge that the government had ordered withdrawal of buses on Thursday to prevent crowds from gathering for the BJP rally. “The KSRTC may be planning to not ply buses in order to prevent their damage during the bandh. I don’t have such a petty mindset [to orchestrate it],” the CM said.

Meanwhile, the Congress said it supported the call for bandh demanding Modi's intervention to resolve the Mahadayi river water sharing dispute.

"Everybody must support the bandh call given by farmer groups and pro-Kannada organisations seeking Modi's intervention," Karnataka Pradesh Congress Committee working president Dinesh Gundu Rao told reporters in Bengaluru.

Comments

Kumar
 - 
Wednesday, 24 Jan 2018

Well said siddaramaiah

Suresh
 - 
Wednesday, 24 Jan 2018

Yeddy loosing grip. So that he talks rubbishes

Danish
 - 
Wednesday, 24 Jan 2018

Other states BJP MLAs can degrade Kannadigas. If CM stands for Kannadigas that will be big issue for Yeddy.

Hari
 - 
Wednesday, 24 Jan 2018

If it for good cause, then what wrong in sponsorship.

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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
March 11,2020

Bengaluru, Mar 11: With the outbreak of coronavirus, Chief Minister BS Yediyurappa on Tuesday said that over 1,000 people in the state have been identified for observation.

"So far, 1048 people have been identified for observation. Out of which 446 samples have been sent for testing. 389 samples have tested negative. Four samples have tested positive," Chief Minister Yediyurappa told reporters.

Earlier today, Health Minister B Sriramulu said that family members of those who tested positive for COVID-19 have been isolated and their health is being monitored.

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News Network
June 3,2020

Bengaluru, Jun 3: Former Union minister and senior Congress leader K H Muniyappa on Wednesday extended his support to former Prime minister and JD(S) National president H D Deve Gowda in the Rajya Sabha polls.

In a statement issued here here, Mr Muniyappa said that party which had an electoral understanding in the Lok Sabha elections, may extend support to Gowda in the June-19 Rajya Sabha elections from Karnataka.

It may be recalled that the Election Commission of India, is conducting elections to Rajya Sabya to fill four vacancies from the Karnataka Assembly, in which the ruling BJP may bag two seats, while the remaining may be won by the Congress and the JD(S).

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