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‘Unrest in Dakshina Kannada may affect investments flow into Karnataka’

coastaldigest.com news network
July 13, 2017

Mysuru, Jul 13: Expressing concern over communal unrest and violence in coastal district of Dakshina Kannada, a senior BJP leader has warned that the recent development could affect investments flowing into Karnataka.bc road 11

Nirmala Sitharaman, the Union Minister of State for Commerce and Industry Nirmala Sitharaman, speaking to media persons, here, said that Karnataka was always an investor-friendly State and the potential of Bengaluru is internationally recognised.

“But, if Bengaluru is seen as the capital of a State where such incidents take place and there are law and order issues or people are being killed for ideological reasons with no sufficient action taken to curb it, then it could affect investments,” she said.

Ms. Sitharaman said administrative action should bring greater sense of security and safety. If the State is not strong enough to bring the culprits to justice then investments will suffer and ‘we do not want that to happen’, she said.

Referring to the killing of RSS activists in Mangaluru recently and in Mysuru last year, Ms. Sitharaman said nothing was done to curtail such violence and sufficient action was not taken to nab the suspects or produce them in court.

Ms. Sitharaman claimed that the public response to her door-to-door campaign was overwhelming and people were aware of the development works being taken up the Centre and expressed confidence that the people will stand by the BJP in the assembly elections slated to be held next year.

In reply to a question, Ms. Sitharaman said the concept of vistarak was a nation-wide and not rolled out in anticipation of the elections next year in Karnataka. “I am in Mysuru to spend a day as a Vistarak,” said Mr. Sitharaman, who will also interact with industrialists and entrepreneurs on GST later in the day. Earlier, she also took part in a cleaning campaign at a park under Swachh Bharat Abhiyan and visited a few localities as part of public contact programme.

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Ranjan shetty
 - 
Sunday, 16 Jul 2017

Fairman #### ##f , we know what is fake and what is true . ur community raped 13 year old gal and converted in heart of delhi .dont touch me anything u _________

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News Network
August 7,2020

Madikeri, Aug 7: Two days after massive landslides triggered by heavy downpour in Kodagu, five people including a priest are still missing. 

The landslide, which originating at Brahmagiri Hills in Talacauvery, swept away two houses on Wednesday night.

This missing people are: Talacauvery temple chief Narayana Achar (70), his wife Shantha (70), brother Ananda Theertha Swami (87) and two assistants — Ravi Kiran (26) and Srinivas (30). Achar’s neighbour had shifted out of Bhagamandala earlier, fearing a landslide. 

The National Disaster Response Force (NDRF) had to stop rescue operations due to bad weather. The operations resumed today. 

“There are many minor landslides on the way to the spot,” said Kodagu Deputy Commissioner C Annies K Joy, adding that the flood situation at Bhagamandala was not permitting earthmovers to reach the spot. Heavy rain between Wednesday and Thursday triggered landslides. 

Bhagamandala Panchayat Development Officer Ashok said a notice was issued to the priest’s family to shift out of the house, but they chose to stay back. 

On Thursday morning, when the Talacauvery temple staff went to check on Narayana Achar, as he had not reached the temple for the daily puja, they found levelled land and debris where Achar’s house stood. Utensils, puja material and clothes were found nearly 2 km away at Cherangala. 

As rains continued over the last few days, many rivers are flowing above the danger levels, forcing people to move to safer places.

 Responding to the situation, which is turning grimmer by the day, Chief Minister B S Yediyurappa, who is currently undergoing treatment in a private hospital after testing positive for Covid-19, directed ministers to visit rain-hit areas and supervise relief efforts. He has also assured of providing required financial assistance for those affected.

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News Network
June 15,2020

Bengaluru, Jun 15: After a three-month delay, seven-time MLA and former state minister DK Shivakumar, who has been appointed as the Karnataka Pradesh Congress Committee (KPCC) president, will take charge on July 2 at a simple function at the new party office here.

Mr Shivakumar was appointed as KPCC president on March 11.

Party sources said on Monday that Shivakumar plans to take charge of the party through a “pratijna dina” (pledge day) ceremony that would be telecast live to 7,800 locations across the state and over 10 lakh party workers are expected to attend it virtually.

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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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