ABVP opposes admission fee hike for medical, engineering, dental courses

April 10, 2012

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Mangalore, April 10: The activists of the Akhil Bharatiya Vidyarthi Parishad on Tuesday staged a protest here against the Karnataka Government for increasing the fee structure for engineering, medical and dental courses.

The protesters, who were demanding the immediate withdrawal of hike in admission fee for the professional courses, formed a human chain at KPT Circle in the city, which led to traffic disruption in for few minutes.

The activists said that the continuous increment in fee of professional courses shows that the Government is against the poor students. “In the current academic year, Karnataka has proposed a 10 per cent increase in the admission fee of profession courses. If the government failed to withdraw this proposal we will intensify our protest throughout the State”, they said.

The agitators accused the State Government of buckling under pressure from private managements.

“In 1994, 85 per cent of seats in medical course were with the Government. But now, government quota seats in private medical colleges have come down to 42 per cent. Likewise government quota seats in engineering and dental courses have been decreased from 85 per cent to 45 per cent and 35 percent respectively”, the protesters complained.

If Karnataka continues to surrender government quota seats in engineering, medical and dental courses to private managements, the students from financially poor back ground cannot even imagine of becoming a doctor, engineer or a dentist, said Chinmay Rai, City Secretary, ABVP, Mangalore Unit.

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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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News Network
April 12,2020

Mangaluru, Apr 12: Kanara Chamber of Commerce and Industry (KCCI) has appealed to the Additional Chief Secretary to Karnataka government Jawaid Akhtar to exclude Dakshina Kannada district from hotspot/ red zone area pertaining to coronavirus, saying that the district has not reported any new case since last five days.

KCCI president Isaac Vas said DK district has not reported any new case of COVID-19 in the last five days. Of the 12 cases reported in the district, six are from Kasargod and one from Bhatkal.

None of the patients suffering from coronavirus are in ICU or put on ventilator, he said in a statement.

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News Network
January 17,2020

Madikeri, Jan 17: Kannada and Telugu actor Rashmika Mandanna is likely to be further interrogated by Income Tax (I-T) officials on Friday.

The residence and properties by the family of Rashmika were raided by I-T officials on Thursday morning. Following summons issued by I-T officials, Rashmika rushed to her residence on Thursday night and gave details on investments and other financial transactions.

After the interrogation, the I-T officials left for Serenity hall, which is owned by Rashmika's father, at Virajpet at around 2.30 am and stayed back there.

The I-T officials have reportedly directed Rashmika and her father Madan Mandanna not to leave the house.

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