Tainted official's land in mother-in-law's name

January 4, 2017

Bengaluru, Jan 4: More assets linked to the suspended chief project officer of the State Highway Development Project, S C Jayachandra, have been unearthed. Documents accessed by DH show that the officer has acquired assets in his mother-in-law's name. One of the major assets is a 15-acre, 10-gunta plot of land at Antarasanthe near Kabini in Mysuru district and four sites in Harohalli near Yelahanka in the city.

JayachandraThis apart, Jayachandra's wife Bharathi Jayachandra was inducted as one of the additional directors in Jivin Green Realty Pvt Ltd in 2014-15. Bharathi Jayachandra, along with one Pokar Ram and D M Chandresh, was appointed as additional directors at the board meeting held on September 17, 2015. During the financial year-end, March 31, 2016, the promoters and directors of this company Rama Sudarshan and Sudarshana Kavi Shivaraman, resigned. The profit and loss account for the year ending March 31, 2015, reveals the net loss for the year under review as Rs 10.25 lakh as against the profit of Rs 4.65 lakh in the previous year.

Two long-term loans, Rs 7.56 crore for 2014-15 and Rs 2.55 crore for 2013-14, have been mentioned in the balance sheet. They are mentioned as loan from directors. However, there are no details about the names of the directors and against what security the loans were given by the directors. The consolidated amount, around Rs 9.84 crore, has been used to purchase land. Sources said the probe is on to trace the source of the money which has been diverted to the company in the name of loans.

Sources said there are several assets in the name of Jayachandra's mother-in-law. The officials are, however, still verifying the source of income with which the officer's mother-in-law purchased lands in Antarasanthe near Kabini in H D Kote in Mysuru district. More than 15 acres of land was purchased in 2012 and the property also borders the land acquired for the Kabini reservoir rehabilitation package.

A source said that the officer was planning to construct a resort on the land. This apart, she bought four different sites ranging from 9 guntas to 11 guntas, in 2007. However, sources said that of these sites, the officer's mother-in-law sold two sites within a year.

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ABDUL JALEEL
 - 
Wednesday, 4 Jan 2017

Lucky mother in law and shameless son in law...

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News Network
March 3,2020

Bengaluru, Mar 3: Chief minister BS Yediyurappa on Monday introduced the Karnataka Municipalities and Certain Other Law (Amendment) Bill, 2020, in the assembly to give voters the opportunity to reject candidates in civic polls.

The bill, if passed, will enable election officials to offer the NOTA option in the elections to municipal corporations on the lines of assembly and Lok Sabha polls.

An amendment bill which seeks to enable the government to set up a separate university for the districts of Raichur and Yadgir was also tabled. The government said the workload of Gulbarga University necessitated creation of a separate university for the two districts, a move that will also help reduce regional imbalance in Kalyana Karnataka region.

Another amendment bill seeks to allow industrial units, which have failed to start operations on allotted land after seven years, to sell off the parcels to another unit. Bills which empower authorised agencies to regulate turf clubs and horse racing and regulate salary and pension of teachers in higher education institutions were also introduced in the assembly on Monday.

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News Network
March 8,2020

Bengaluru, Mar 8: The economic slowdown in the country had a cascading effect on Karnataka, as its growth rate for outgoing fiscal 2019-20 is projected to be 6.8 per cent against 7.8 per cent in the last fiscal (2018-19), a senior official said on Saturday.

"The Gross State Domestic Product (GSDP) is estimated to be 1 per cent less at 6.8 per cent for this fiscal from 7.8 per cent in the last fiscal due to slowdown in manufacturing (industry) and services sectors," an official of the state finance department told media.

Though the agriculture sector has revived from 1.6 per dent in the drought-hit last fiscal (2018-19) to register 3.9 per cent this fiscal, growth rates of industries and services will be 4.8 per cent and 7.9 per cent for 2019-20 against 5.6 per cent and 9.8 per cent respectively in 2018-19.

"The GSDP is projected to grow at 6.3 per cent in the ensuing fiscal of 2020-21 due to continued slowdown in the national economy," the official hinted.

According to the state's economic survey for 2019-20, the farm sector grew more than double to 3.9 per cent from 1.6 per cent a year ago due to increase in the production of foodgrains, dairy products and fish catch.

Foodgrain production across the state rose to 136 lakh tonnes from 128 lakh tonnes a year ago, the survey revealed.

"In line with the national Gross Domestic Product (GDP) growth rate decline, Karnataka's GSDP has declined from a high of 13.3 per cent in 2016-17 to a low of 6.8 per cent in 2019-20.

"The GSDP has declined from a double-digit growth of 10.8 per cent in 2017-18 to 7.8 per cent in 2018-19 and 6.8 per cent in 2019-20," the survey pointed out.

The survey has adopted the all-India growth rate for the services sector growth in the state, which reflects the impact of slowdown in the key sector.

At current prices, the southern state's GSDP is expected to be Rs 16,99,115 crore (budget estimates) with a 10 per cent growth rate in the next fiscal (2020-21).

"Real estate, professional services and ownership of dwellings contributed 35.31 per cent to the GSDP in 2019-20, followed by manufacturing with 15.32 per cent, trade and repair services 9.51 per cent and crops 7.44 per cent," said the survey findings.

Per capital income in the state at current prices is estimated to be Rs 2,31,246 in 2019-20, an increase of 8.8 per cent from Rs 2,12,477 in 2018-19.

"The per capita income in the state is 58.4 per cent more than that of all-India rate at Rs 1,35,050 in this fiscal," the survey added.

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News Network
May 15,2020

Mangaluru, May 15: Dakshina Kannada Superintendent of Police on Friday warned those who are opposing quarantine to either go for it or face legal action under Epidemic Diseases Act.

In a release here on Friday, Mr B M Laxmi Prasad said that schools and hostels have been identified for quarantining those who arrive from other states. Those, who return, will be quarantined in the respective Gram Panchayat/local bodies’ jurisdiction. The public should not panic over the quarantine facility.

The quarantine facility has been introduced in the interest of the general public. If anyone opposes or protests against such facility, then legal action will be initiated against them, he warned.

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