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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
June 30,2020

Tumakuru, Jun 30: As many as 43 sheep were quarantined after a shepherd tested positive for novel coronavirus at Godekere Gollarahatti in Tumakuru district. 

J C Madhuswamy, district in-charge minister, has instructed the district administration and the Animal Husbandry department to subject the sheep to Covid-19 tests.

The move followed after five sheep found dead in mysterious circumstances at the village. All 43 sheep of the infected person have been isolated from the herd and kept at a place in Jakkanahalli.

"There is no evidence that the sheep can contract Covid-19 and transmit the virus to the people. But since the virus has many strains and keep changing its genetic make-up, draw throat swab samples of the sheep and send the same to Covid-19 lab. Till the report comes, keep the livestock in isolation," Madhuswamy told the officials.

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News Network
June 1,2020

New Delhi, Jun 1: Prime Minister Narendra Modi on Monday sought a discussion on advances in telemedicine, the use of "Make in India" products in the healthcare, and the use of IT tools in the medical sector for a healthier society.

Addressing an event at the Rajiv Gandhi Health University in Bengaluru via video conference, he sought a discussion on whether new models can be conceived that make telemedicine popular on a larger scale.

Referring to the "Make in India" program, he said the initial gains made in this field make him optimistic. "Our domestic manufacturers have started production of personal protective equipment and have supplied about one crore PPEs to those in the frontline of fighting COVID-19.

Modi said IT-related tools for healthier societies can be of great help.

"I am sure you have heard of Arogya Setu. Twelve crore health-conscious people have downloaded it. This has been very helpful in the fight against coronavirus," he said.

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coastaldigest.com news network
May 15,2020

Mangaluru, May 15: The second evacuation flight from Dubai to Mangaluru is expected to bring nearly 180 stranded UAE Kannadigas on May 18.

Air India Express B737-800NG aircraft will take off from terminal 2 of Dubai International Airport at 1.30 pm UAE time and land in Mangaluru International Airport at 6.30 pm local time, sources said.

Mangaluru Airport had witnessed chaos when the first repatriation flight arrived on May 12. Now many passengers of the first flight tested positive for the covid-19.

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