Tourism industry badly hit in Kodagu due to natural calamity

News Network
September 30, 2018

Madikeri, Sep 30: Picturesque Kodagu nestled in the Western Ghats, known as the favorite tourist destinations in the South India besides being the top coffee producer in the country, has been severely affected in the tourism sector due to natural calamity last month.

The coffee land always been a best tourist destination, but after the rain havoc and landslides resulting bad hit for the tourism besides its economy as whole. Still people yet to recover from the shock, of course required many days.

Kodagu also known for home stays which has been great demand particularly during the weekends, however, the situation is different now with very few callers for home stay.

People, who were operating home stays and others who depended upon tourism for their livelihood after investing lakhs of rupees, have been badly affected without any business in recent days. A majority of hotel and home stay owners, who had employed hundreds of workers, have sent them back to their native.

Going by official figures, as many as 18 lakh footfalls had been registered at the tourist spots of the district in the first half of this year. However, tourism took a severe beating since August when the district administration had banned visitors for safety purpose.

Even though the ban on tourists was lifted on September 10, the devastating floods and landslides have discouraged visitors from thronging the tourist spots. Only a few, majority of them youths, are visiting Dubare Elephant Camp, Cauvery Nisargadhama, Raja Seat, Abbey Falls, Irupu Falls,  Mallalli Falls, Harangi Reservoir and other tourist destinations.

Comments

Mohan
 - 
Sunday, 30 Sep 2018

Without Modi govt support, Karnataka govt can't do anything on this matter. Kodagu people's revenew based on the local tourism. 

Suresh Bandary
 - 
Sunday, 30 Sep 2018

Central Govt should allocate more fund for the reconstruction of Kodagu. 

Ibrahim
 - 
Sunday, 30 Sep 2018

Land mafia ruling tourism business. They may improve the condition soon inorder to earn more benefit

Kumar
 - 
Sunday, 30 Sep 2018

Resort mafias should be controlled

Danish
 - 
Sunday, 30 Sep 2018

Unnatural construction caused landslides and deluge. Reconstruction should be focus on nature friendly and without disturbing ecosystem.

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News Network
May 1,2020

Bengaluru, May 1: Former underworld don and real-estate baron Muthappa Rai was admitted to Manipal hospital in Bengaluru on Thursday.

As per sources, Muttappa Rai’s condition is said to be serious.

Muthappa Rai was diagnosed with brain cancer two years ago and had undergone treatment at hospitals in New Delhi, Chennai and Bengaluru.

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coastaldigest.com news network
June 19,2020

Mangaluru/ Udupi, June 19: As many as 13 fresh coronavirus positive cases were reported in Dakshina Kannada on June 19, taking the total number of cases in the coastal district to 414. In Udupi, the total number of covid cases mounted to 1,050 with 11 new cases.

Four among the 13 patients in Dakshina Kannada had returned from Saudi Arabia and seven had returned from Sharjah recently. Two others were suffering from an influenza-like illness (ILI). All the 13 patients have been shifted to the designated COVID hospital in Mangaluru.

In Udupi, three among the 11 new covid patients are children. Four are Maharashtra returnees and two had come from Tamil Nadu. Five others have contracted infection from other positive patients. 

Only 98 cases are currently active in Udupi among 1,050. As many as 950 patients have been discharged from hospital. Two deaths have occurred in the district including one on Friday.

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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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