Fully focusing on governance; no fear about political developments: HDK

News Network
July 8, 2019

Bengaluru, Jul 8: In his first comments after 13 MLAs resigned and plunged the JD(S)-Congress coalition government into a crisis, Karnataka Chief Minister H D Kumaraswamy on Monday asserted he has "no fear" about the "political developments" and was concentrating on fulfilling his responsibilities.

Kumaraswamy, who returned here from his 10-day long US trip Sunday night, was talking to reporters at the state secretariat after holding discussions with officials and farmers' representatives regarding revival of a sugar factory in Mandya. "I have no fear about the political developments, I will not discuss the political developments. I have nothing do with what BJP people are doing and what others are doing," he said.

Kumaraswamy added, "In the current situation, I have the responsibility of governing the state, my attention is towards fulfilling that responsibility. I have not paid any attention to political developments, there is no such need for me."

The JD(S) leader evaded a direct answer to a question about the resignation of 13 MLAs of the ruling combine and merely said, "Let's see". The coalition government will be on the verge of losing its majority if the Assembly Speaker accepts the resignations of the MLAs as its strength will be reduced to 104 in the 224-member assembly, where the half-way mark is 113.

Resignation of Minister and Independent MLA H Nagesh on Monday and his withdrawal of support delivered another blow to the shaky government. The JD(S)-Congress coalition's total strength after Nagesh withdrawing his support stood at 117 (Congress-78, JD(S)-37, BSP-1 and Independents-1), besides the speaker, who also has a vote. With Nagesh, the BJP has a strength of 106.  

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Mr Frank
 - 
Tuesday, 9 Jul 2019

The only solution to present crisis in Karnataka is dissolve assembly and conduct re election by ballot paper.

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Agencies
February 26,2020

Thiruvananthapuram, Feb 26: The Kerala Police on Wednesday arrested a man who had threatened people protesting against Citizenship Amendment Act (CAA) in Delhi on social media.

"The person was arrested by Agali police in Palakkad district for trying to instigate communal violence," the Police said.

On Tuesday, Kerala DGP Lokanath Behera had said that strict action will be taken against those who try to create any communal divide.

"Action will be taken against those who create or forward such messages that create communal tension through social media. All messages on social media are under police surveillance," he said.

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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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coastaldigest.com news network
May 14,2020

Bengaluru, May 14: As many as 22 new cases have been reported in Karnataka taking the total number of positive cases in the state to 981. 

The new cases include five in Bengaluru Urban - all with a contact history, four each in Gadag - with history of travel to Ahemadabad, Mandya with travel history to Mumbai, Maharashtra and Bidar - with three from containment zone and one with travel history to Mumbai, three from Davangere and one each from Belagavi and Bagalkote.

Meanwhile, two more deaths have been reported in the state on Thursday morning taking the total toll to 35. This is apart from a non-COVID-19 death.

An 80-year-old resident of Dakshina Kannada, got admitted at private hospital following a stroke. She was shifted to the icu on confirmation for Covid-19 at a designated hospital on April 26. She died on Thursday due to septic shock.

Another 60-year-old male, resident of Ananthapur in Andhra Pradesh, admitted at Victoria Hospital in Bengaluru with severe pneumonia and respiratory distress died due to cardiac arrest on Thursday morning. He had hypotension and Diabetes Mellitus, according to the morning health bulletin.

Sources in Victoria Hospital said this person was the first patient to undergo clinical trial for plasma therapy. He was infused plasma on Monday. However, his condition continued to remain the same.

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