Malpe fishing boat tragedy: two missing fishermen found alive; boat recovered

August 14, 2011

boat

Malpe, August 14: Among the four fishermen who went missing in the Arabian Sea near Malpe, after a fishing boat capsized on last Friday, Ramachandra (60) and Damodar (40) were found at their homes in Manki, Honnavar.

The duo are said to have swam to the shore after the mishap at sea, and had returned to their homes without informing anyone.

However, Mahadeva (28) and Ramesh Ganapathi Harikanth (19) are still missing. Malpe Police, Coast Guards and local fisherman have been continuing the search operation.

The boat had six fishermen on board during the accident, among whom, Panduranga Kunder and Manjunath had reached shore safely on Friday.

Boat found

The boat was dragged to the shore after it was was found in a half-sunk state near Kaipunjalu beach. The boat is fully damaged and the loss is estimated to be Rs 35 lakhs. It is owned by Pushpa Shashidar.

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Two people missing in oman sea 3/february 2017

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Mangaluru | Woman corporator, health dept staff test positive for covid-19

coastaldigest.com news network

July 8,2020

Mangaluru, Jul 8: A corporator and a staff in Mangaluru City Corporation (MCC) have tested positive for the coronavirus.

The woman corporator, who was under home quarantine for past few days ago, received her covid test report today.

A staff of health department who works in MCC also tested positive for the covid-19.

The woman corporator had recently attended a primary health centre meeting. A person who had attended the meeting was later tested positive. Hence the corporator was placed under home quarantine.

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RBI imposes penalty of Rs 1.2 crore on Karnataka Bank for non-compliance of norms

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May 29,2020

New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.

"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

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