Greater Talacauvery' project opposed

[email protected] (CD Network)
October 12, 2011

Mangalore, October 12: Malenadu Janti Kriya Samithi has opposed 'The Greater Talacauvery,' 'Elephant Corridor' and 'Bio diversity Centre' projects which are likely to come up in Western Ghats.

Addressing reporters here on Tuesday, Malenadu Janti Kriya SamithiCommittee President Pradeep Kumar K L said The Greater Talacauvery project is nothing but interlinking of all the protected areas namely Brahmagiri, Talacauvery, Pushpagiri sanctuaries and all other reserve forests which come under it.

“The interlinking of all the protected areas will pose threat to the existence of the 120 revenue villages in five districts and 14 taluks. If the projects are implemented, then community rights would be taken away from the traditional dwellers. The interlinking of all the reserve forests would cover 8,000 sq mts. Jamma, Baane, Kaana, Baana rights would be taken away by the government. The community rights have been guaranteed to the tribals residing in the forest by the Constitution. The project will also affect the culture and traditional of these tribals who would be displaced from their original habitat,” he said.

“In the name of development 50 to 70 small and major dams have been constructed across Kempuhole, Addahole and Gundya projects and several age old trees have been cut. The revenue villages which are situated adjacent to forests in Chamarajanagar, Kodagu, Sullia, Puttur, Belthangady, Sakleshpura, Aloor, Sringeri, N R Pura, Udupi, Karkala, Kundapura, Theerthahalli, Soraba, Sirsi, Dandeli, Haliyala would be affected with the proposed project,” he opined .

He added that the project swould curtail the powers of the people to own arms under Arms Rights Act.

“In the name of promotion of tourism and development, the government is giving permission to restaurants, cottages and resorts inside the reserve forest. However, it is not allowing the traditional dwellers to continue to live peacefully,” he said.

malnadu

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coastaldigest.com news network
May 27,2020

Abu Dhabi-based NMC Healthcare has reportedly received bids to sell its distribution unit and will soon be selling it to different parties.

The development comes over three months after NMC Healthcare’s founder and then-chairman B R Shetty stepped down amid allegations of massive fraud. 

The company, which recently laid off hundreds of workers, is offloading stake in the subsidiary as it is considered non-core and requires substantially high working capital to run the operations. In addition, this stake sale will help the company pay off some of its debt

"There are parties who have strong interest in the distribution business. NMC will be offloading the unit soon and that also to different parties," a source said.

"The company is in the process of exploring options for NMC Trading, the group's distribution business, which it has determined to be non-core and requiring substantial levels of working capital. The process should not materially adversely impact distributors' activities, nor NMC Trading's customers," an NMC Healthcare spokeswoman said.

The UK-court has appointed Alvarez & Marsal as administrator to oversee the operations of the debt-ridden hospital operator. The healthcare firm has been caught in a whirlpool of $6.6 billion debt while its senior former high management team is under investigation for financial irregularities.

The UAE Central Bank has direct local banks to freeze all bank accounts of NMC founder BR Shetty and his family members as well as accounts of those companies where he has a stake. The Central Bank move is subsequent to a criminal complaint filed by Abu Dhabi Commercial Bank, which has the largest exposure to NMC Healthcare, amounting Dh3 billion.

As the company faces financial difficulties, Reuters reported that NMC Health delayed May staff salaries and now expects to complete making payments by the first week of June.

The spokeswoman said: "The company has been in regular dialogue with its creditor constituencies through various creditor committees, including the direct bank lenders to its NMC Trading businesses."

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coastaldigest.com news network
August 7,2020

Bengaluru, Aug 7: Dr Mohammed Yusuf, chairperson of the Karnataka State Board of Auqaf, passed away at a private hospital in the city today following a brief illness. He was 74.

Dr Yusuf was an industrialist and was known for his philanthropic activities. 

A veterinarian, Dr Yusuf had quit the government job and set up business in Bengaluru and Dubai decades ago and has earned considerable success.

He was re-elected as Board of Auqaf chief in January this year. He had held the post more than once in the past. 

He will be buried at the graveyard near Masjid-e-Muzammil which was built by himself at Govindapura, source said.

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News Network
February 14,2020

Bengaluru, Feb 14: In order to bring down the accident rates, Karnataka government is planning to increase the penalty for road offences, state Transport Minister Laxman Savadi announced here on Thursday.

Addressing media persons here, he said, ''The Centre had brought an amendment to increase the penalty amount. We too have a similar proposal, which we will discuss, post the budget session.

''Before bringing in the amendment, we will create awareness among the road users. By increasing the penalty amount, the number of offences and accidents will come down,'' Mr Savadi added.

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