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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
January 7,2020

Udupi, Jan 7: Eshapriya Teertha Swamiji, who was appointed as the junior Swamiji of Admar Math, would be ascending the 'Paryaya Peeta' for the first time on January 18, Vishwapriya Theertha Swamiji of Admar Math said.

Speaking to the media at Admar Moola Math at Admar near Padubidri on Monday night Vishwapriya Teertha Swamiji of Admar Math said, 'I had performed my first Paryaya in 1988-90 with the help of Shri Vishwapriya Teertharu.

'The second Paryaya was performed independently by the order of Shri Vibudhesha Teertharu in 2004-06.

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News Network
April 18,2020

Bengaluru, Apr 18: Karnataka Congress president DK Shivakumar on Saturday appealed to Prime Minister Narendra Modi to deposit at least Rs 10,000 in bank accounts of people belonging to the unorganised sector.

"The unorganised sector comprises barbers, dhobi, cooks, carpenters, sweepers, drivers and autorickshaw drivers. Prime Minister Narendra Modi did not mention anything about giving subsistence to these people," Shivakumar, told ANI, referring to the Prime Minister's address earlier this week.

Modi had announced the extension of the ongoing nationwide lockdown till May 3 in order to curb the spread of coronavirus.

"I appeal to Prime Minister Modi to register the members of the unregistered sector under the National Rural Employment Guarantee Act (NREGA) or deposit at least Rs 10,000 to the bank accounts of each of the members of unorganised sector to help them survive the lockdown," he added.

Though the Congress party will continue the central government and state government's fight against coronavirus, he said, both the governments need to help people who are part of the unorganised sector.

"The farmers have told me that due to the lockdown they are ready to sell the vegetables, which once used to be sold at Rs 100 per kg, at even Rs 5 per kg," he said.

Speaking on the suggestions he made to Chief Minister BS Yediyurappa, Shivakumar said, "I requested the Chief Minister to send a team to do a videograph and make an assessment of the on-ground situation. However, till now, no one has gone."

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News Network
July 29,2020

Bengaluru, July 29: The Central Crime Branch arrested four international drug peddlers belonging to Kerala and recovered drugs worth Rs 1.25 crore from them, said Karnataka Home Minister Basavaraj Bommai on Wednesday.

"We have started a war on drugs. Our agenda is to curb the drug mafia not only in Bengaluru, but in entire Karnataka. Many people are involved in the drug mafia. They are targeting students, other states, and international students who can spend and afford to become victims," said Bommai.

The recovered items include 2,000 kg LSD strips, 110 grams MDMA Cristol, 10 ecstasy tablets, 5 kg Ganja, five cell phones, weighing machine and pouches.

"When we raided a house in Soladevanahally police station area, we arrested Shahad Mohammed, Azmal, Ajin KG Verghese and Nitin Mohan. All are from Kerala and we will arrest their contacts as well. They are involved in the dark web mafia," Bommai said.

He said the peddlers were using post offices and couriers for their business.

"I'll speak to the central government, the home ministry and postal department, and other issues related to this mafia. Canada, Netherlands, and other nations are also involved in this mafia," said the state home minister.

"People from influential backgrounds are also involved in this mafia, but our objective is zero tolerance. We are using our intelligence. Drugs are coming from other states like AP, Goa, and other states," he said.
Bommai said he was personally addressing this case and appealed for support from parents, schools and colleges.

"I'm addressing this issue personally because it's important to curb the drug mafia. I need support from schools and college managements and parents. I'll also call college and hostel managements before colleges start. We will make managements responsible," he said.

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