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Allow cooperative banks to accept old notes: Gowda urges PM

[email protected] (Agencies)
November 21, 2016

Bengaluru, Nov 21: Former Prime Minister and JD(S) president H D Deve Gowda appealed to Prime Minister Narendra Modi on Sunday to allow district central cooperative (DCC) banks to accept demonetized notes in the interest of the farming community.

gowdaIn a letter to the PM, Gowda stated that the Reserve Bank of India's circular dated November 17 should be modified as it bars DCC banks from accepting and exchanging Rs 500 and Rs 1,000 denomination notes.

In Karnataka, there are 21 DCC banks with 708 branches. These banks have 45.91 lakh deposit accounts and 21.73 lakh loan accounts along with advances to the tune of Rs 20,256.44 crore. In his letter Gowda stated: "The farmers who have availed crop loans from the cooperatives cannot repay the loans to the DCC banks because of non-availability of currencies. If they fail to repay within the due dates they will not be able to get interest subsidies from the government."

Gowda also warned about a delay in payments to the dairy farmers and stated: "This has also affected the remittance of milk sales amount from the milk cooperative societies to DCC banks and payment of milk bills from DCC banks to cooperative societies. This will affect the daily payments to be made to dairy farmers."

Comments

naren kotian
 - 
Monday, 21 Nov 2016

Hahahaha Devegowdre ... we are not fools to believe ... we know many of the cooperative directors have politcial affliation .if they allow them to exchange notes ... entire black will be converted into white wiuthin just 10 days . Just use nationalised bank to deposit your money ..:) In kerala , cooperative societies are used as money laundering and hawala outlets by islamic millitants ... so our moidji is right ... hara hara modi ...jai BJP ... jai sangh parivar .

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News Network
March 27,2020

Mangaluru, Mar 27: In the wake of mounting number of coronavirus positive cases in Dakshina Kannada and surrounding areas, the government has decided to fully shut down the coastal district on Saturday, March 28.

Announcing this today, district in charge minister Kota Srinivas Poojary urged the people not to step out their homes at any cost for any reason as nothing would be available outside except the deadly coronavirus.

All grocery stores, food outlets and markets also are likely to remain closed. For last few days grocery shops remained open till noon. 

Dakshina Kannada today reported two fresh cases of Covid-19. So far the district witnessed seven positive cases and none of them are fully cured. Shockingly neighboring district of Kasargod today reported 34 new coronavirus positive cases on a single day.

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coastaldigest.com news network
August 6,2020

Karwar, Aug 6: In a shocking incident, a 40-day-old girl child was murdered by her own parents in Sirsi town in Karnataka’s Uttara Kannada district.

The accused are Priyanka (21) and her husband Chandrashekhar Bhat (42), residents of Ramanakoppa in Sahasrahalli in Yellapur.

According to police, the couple did not want a girl child and hence threw it into a well. The couple was arrested by the police the very next day.

The incident came to light after the child’s maternal uncle, Abhishek Jagadeesh Singh Choudhari, a resident of Rajeev Nagar in Sirsi, lodge a complaint with Yellapur police station. 

He had claimed that his sister Priyanka’s baby had been kidnapped and subsequently killed. 

Priyanka had claimed that she woke up around 2.30am on August 2 to find that her baby, Tanushri, was not in her cradle. Her husband’s family subsequently started searching for the baby, which they found dead inside a well. 

Choudhari suspected that Tanushri had been kidnapped, and had been killed by her abductors to erase any evidence of their crime.

Uttara Kannada superintendent of police Shivaprakash Devaraju constituted a team to crack the crime, and the cops, who subjected the parents to an interrogation, found that they were the culprits.

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News Network
March 7,2020

Bengaluru, Mar 7: Customs officials intercepted a Guatemalan national at Kempegowda International Airport here on March 2 and recovered cocaine.

The accused confessed that she had swallowed 150 cocaine capsules and concealed a tube-like structure in her vagina.

The passenger egested the total 1.385 kg of cocaine (150 cocaine capsules) over a period of two days, under medical supervision. She has been arrested.

Further, an investigation is underway.

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