Allow cooperative banks to accept old notes: Gowda urges PM

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 30,2020

Mangaluru , Mar 30: Dakshina Kannada Superintendent of Police Laxmi Prasad on Monday suspended a constable attached to Subramanya Police Station for manhandling the chief priest of Kukke Subramanya Temple on Saturday.

According to the police, when the priest Srinivas Bhat was on his way to the temple to offer Puja, Prasad, a police constable intercepted him and enquired where he was going during the lockdown period and then charged at him with lathi on his hand and back.

The priest, then immediately filed a complaint at local police station, following which a complaint was also brought to the notice of Deputy SP of Puttur Sub-division.Please lo

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coastaldigest.com news network
August 8,2020

Mangaluru, Aug 8: As visuals of the Air India Express flight crash at Kozhikode international airport emerge, one cannot help but be reminded of an eerily similar and unfortunate accident that occurred a decade ago. The August 7, 2020 tragedy brought back memories of the 2010 crash.

It was on May 22, 2010 that an Air India Express Boeing 737-800 flight from Dubai to Mangaluru over shot the runway while landing at Bajpe airport and fell into a cliff. Of the 160 passengers and 6 crew members on board, 158 were killed (all crew members and 152 passengers) and only 8 survived.

Even back then, the plane had split into two. The crash has been termed as one of India's worst aviation disasters.

The final conversations between Air traffic control (ATC) and the pilot prior to the landing showed no indication of any distress.

Like the Mangaluru accident, Karipur crash too happened when the flight was attempting to land.

The captain of the aircraft which crashed at Mangaluru, Z Glucia, was an experienced pilot with 10,000 hours of flying experience and had 19 landings at the Mangalore airport. Co-pilot S S Ahluwalia, with 3,000 hours of flying experience had as many as 66 landings at this airport. Both the pilot and co-pilot were among the victims.

An investigation into the accident later found that the cause of the accident was the captain’s failure to discontinue an ‘unstabilised approach’ and his persistence to continue with the landing, despite three calls from the First Officer to ‘go-around’.

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News Network
May 1,2020

May 1: India on Thursday called as "propaganda" certain social media posts from the Arab world alleging harassment of Muslims in several parts of the country in the name of containing the spread of coronavirus.

Strongly rebutting the charges, External Affairs Ministry Spokesperson Anurag Srivastava said the Gulf countries are deeply committed to friendly relations with India and they are even seeking bilateral talks on the post-COVID-19 economic recovery.

Talking about India's close and traditional ties with the Arab countries, he said New Delhi is ensuring uninterrupted supply of food and essential commodities to the region during Ramzan as part of its deep-rooted friendship.

Srivastava said the countries in the region do not support any interference in India's internal affairs.

"Much of what you see is propaganda by interested parties. Stray tweets can not be used to characterise our bilateral ties with these countries. The real picture of these relations is very much different," he said during an online media briefing.

There has been a wave of angry reactions on Twitter by leading citizens and rights activists from various Arab countries following allegations that Muslims are being blamed for spreading COVID-19 in several parts of India.

The Organisation of Islamic Cooperation, a powerful bloc of 57 countries, recently accused India of "Islamophobia". India rejected the charges as regrettable.

"We have been making special efforts to ensure uninterrupted supply of food and essential commodities which are required during the Ramzan period in these countries, and this is something which has been greatly appreciated. These countries also want a priority discussion with India on the post-COVID-19 economic recovery," Srivastava said.

Prime Minister Narendra Modi and External Affairs Minister S Jaishankar have been in regular touch with their counterparts from the region in the wake of the coronavirus pandemic.

"In these discussions, there have been requests for sending medicines and medical teams to these countries. We already deployed a Rapid Response Team in Kuwait. There is also a request to send doctors and nurses from India," said Srivastava.

"What comes out clearly is that these countries are deeply committed to friendly relations with India. They also do not support any interference in internal matters of India. It is, therefore, important that the friendly and cooperative nature of our relations is accurately recognised and the misuse of social media is not given credence," he added.

Asked about reports of an order issued by Oman's Finance Ministry asking all state-owned companies to replace foreign workers with qualified local Omanis, Srivastava said it is not aimed at Indians working in the Gulf nation.

"The policy is a decades-old one and not specific to India. It does not target the Indians in any way," he said.

There have been apprehensions that the order will render thousands of Indians working in state-run firms in Oman jobless.

"They greatly value relationship with India. Government of Oman is taking special care of Indians which included free testing for coronavirus, its treatment, providing food," the MEA spokesperson said.

Oman government is also extending certain categories of visas of Indians.

Srivastava said India has been in touch with its friends and partners across the world as part of the collaborative approach to dealing with the pandemic.

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