Mangaluru goes cashless; common man's struggles continue on 6th day

[email protected] (CD Network | Suresh)
November 14, 2016

Mangaluru, Nov 14: Even six days after the abolishment of Rs 500 and Rs 1,000 notes, the coastal city of Mangaluru has failed to recover from the unexpected shock.

bankque 5

In fact, the demonetization move has affected pretty much every sphere of life — from getting provisions and eating out, to making routine payments such as rent and salaries to domestic help.

While making announcement of demonetization, the government has assured that banks would work on weekends too for exchange of notes. Ironically, on week days too the banks and ATMs are functioning partially thanks to scarcity of notes.

The government on Monday has extended the usage of existing Rs.500 and Rs.1,000 notes for select transactions till 24 November from the earlier deadline of 14 November.

This means that people can now use these notes at government hospitals, government-run cooperative shops, air-ticket counters, milk booths, petrol stations, international airports, to buy tickets at railway stations, to pay for medicines in government and private medical shops, to get cooking gas cylinders, and to pay court fees till 24 November. 

However, thanks to the scarcity of change, the government's relaxation has not improved the situation in the city.

No change in bunks

Petrol bunks are accepting old Rs 500 and Rs 1,000 notes, but you can only fill up for amounts in increments of Rs 500. The reason is that the bunk employees don't have Rs 100 notes to return as change. So if you want to fill fuel for, say, Rs 200, chances are you won't get Rs 300 back.

Market Woes

The future for hundreds of vegetable, fruits and other household merchants, who supply daily needs to entire city is in quandary. "From Sunday onwards I have stopped the purchasing of goods and will resume when everything turns to normalcy," says worried vegetable merchant Peter D'Souza.

Abdul Salam, wholesale fruit merchant at the market shares that they have given goods in credit to regular customers. "Since all are transactions are done in Rs 500 and Rs 1000 currency, we have no other way out. For some we have given credit and asked our suppliers to wait for some days to clear their dues," he maintains.

Other merchants complain that they don't have enough change to tender with customers. "All customers are giving us Rs 2000 note. If they make business of Rs 200 or Rs 300, we have to give them change in Rs 100 notes. How can it be possible when bank themselves don't have Rs 100 notes," adds another lemon merchant.

Comments

ibbu Saheb
 - 
Monday, 14 Nov 2016

ACCHE DIN AAGAYE... AUR BI ACCHE DIN ANE WALE HAI...
SO KEEP YOUR ENERGY FOR MORE AND MORE ACCHE DIN...

Rikaz
 - 
Monday, 14 Nov 2016

Be patient, Mr. Modi said it would take 50 days.....after 50 days they will withdrew 2,000 and re-initiate new 1,000 currency....wait and see....

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News Network
February 23,2020

The euphoria over the claim that around 3,000 tonnes of gold reserves, worth Rs 12 trillion, have been discovered in Uttar Pradesh’s Sonbhadra district could not last even 24 hours, with the Geological Survey of India (GSI) clarifying on Saturday there had been no such discovery.

The GSI, headquartered in Kolkata, rebutted the claims of the Uttar Pradesh Directorate of Geology and Mining (UPDGM), and said “miscommunication” must have led to the wrong reporting of facts.

M Sridhar, director general of the GSI, said nobody in the agency gave any such data. He said 52,806 tonnes of gold ore was found in Sonbhadra district during the exploration work in 1998-2000. From this reserve, only 160 kg of gold can be extracted.

“There must have been some miscommunication of facts because of which the gold ore deposits have been overestimated. We have written a letter to Uttar Pradesh (UPDGM), stating the facts. The GSI has not estimated such kind of vast resource of gold deposits in Sonbhadra,” Sridhar said.

ALSO READ: 2,900-tonne gold mine found in Sonbhadra, 4 times that of India's reserves

The UPDGM had said on Friday that gold deposits were found in Son Pahadi and Hardi areas of the district. Sridhar said while gold ore was found in the area during the GSI’s exploration work in 1998-2000, it had told the state government about the discovery in November last year.

Under the new regulation, which came into effect from 2015, the GSI has to inform the state government when ore deposits are discovered. Earlier, no such action was mandatory. In its report, the GSI estimated that only 3.03 gm of gold can be extracted from a tonne of ore. It also clarified that even the extraction amount was tentative and could not be established for certain.

Moreover, Sridhar said the deposits were spread across only 0.5 sq km in forest land, which made the mining of ore economically unviable. “When there are several mines nearby, we can club it into a block and then it makes sense to mine the ore. But in this case, the deposits are too small to make it viable for any company to mine it,” he said. The GSI usually prioritises its exploration work based on the needs of the Centre. While strategic minerals like tin, cobalt, lithium, beryllium, germanium, gallium, indium, tantalum, niobium, selenium, and bismuth are atop the list in GSI exploration, gold is another commodity on its priority list.

According to the World Gold Council, India has reserves of 630 tonnes of gold.

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News Nerwork
July 4,2020

Bengaluru, Jul 4: Karnataka on Saturday reported its biggest single day spike of 1,839 new COVID-19 cases and 42 related fatalities, taking the total number of infections in the state to 21,549 and the death count to 335, the Health department said.

The day also saw 439 patients getting discharged after recovery; even as 226 patients in the state were undergoing treatment in ICU.

Out of 1,839 fresh cases reported on Saturday, a whopping 1,172 cases were from Bengaluru Urban alone; while 24 of the 42 deaths were from the capital city.

The previous biggest single day spike was recorded on July 3 with 1,694 cases.

As of July 4 evening, cumulatively 21,549 COVID-19 positive cases have been confirmed in the state, which includes 335 deaths and 9,244 discharges, the Health department said in its bulletin.

It said, out of 11,966 active cases, 11,740 patients are in isolation at designated hospitals and are stable, while 226 are in ICU.

Among the 42 dead are six from Bidar, four from Dakshina Kannada, three each from Kalaburagi and Dharwad and one each from Hassan and Bengaluru rural.

Of the 42, twenty-six are men, the bulletin said, adding most of them were with a history of Severe Acute Respiratory Infection (SARI), Influenza-like illness (ILI).

Out of 1,839 cases tested positive today, contacts of the majority of the cases are still under tracing.

Among the districts where the new cases were reported, Bengaluru Urban accounted for 1,172 cases, followed by Dakshina Kannada (75), Ballari (73), Bidar (51), Dharwad (45), Raichur (41), Mysuru (38), thirty seven each from Kalaburagi and Vijayapura, thirty-five each from Mandya and Uttara Kannada.

Bengaluru Urban district tops the list of positive cases, with a total of 8,345 infections, followed by Kalaburagi 1,597 and Udupi 1,276.

Among discharges, Kalaburagi tops the list with 1,189 followed by Udupi (1,103) and Bengaluru Urban (965).

A total of 6,89,526 samples were tested so far, of which 17,592 were tested on Saturday alone.

So far 6,50,876 samples have been reported as negative, and of them 15,294 were reported negative today.

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coastaldigest.com web desk
January 29,2020

Mangaluru, Jan 29: The Indian Coast Guard today commissioned a high-speed coast interceptor boat at New Mangalore Port here giving a fillip to the coastal security.

The water jet propelled Interceptor Boat C-448 (27.80 mts in length) has an endurance of 500 nautical miles at 20 knots.

The vessel fitted with latest state of the art navigation and communication equipment can achieve a speed of 45 knots. Thus, the vessel is designed for high speed interception, close coast patrol, low intensity maritime operations, maritime surveillance, search and rescue.

The quick reaction capability coupled with modern equipment and system ensures that the vessel responds to any maritime situation. With a crew of 12 personnel, C-448 is Commanded by Assistant Commandant Apoorva Sharma.

The Interceptor Boat will be based at Mangaluru. T. M. Vijaya Bhasker, Chief Secretary Karnataka, who commissioned the IB, said that the crew should discharge their duties faithfully and with courage. Anand Prakash Badola, Commander, Coast Guard Region ( West) and A.V. Ramana, Chairman, New Mangalore Port Trust, were present on the occasion.

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