RBI slaps fine on bank

RBI has slapped a fine of Rs 5 lakh on the Kodagu District Central Co-operative bank here for violating norms.

The apex bank has directed the co-operative bank to close all mutual funds, a rule enacted recently and applicable to all financial institutions. The DCC Bank had Rs 60 crore as mutual funds and had recalled around Rs 44 crore. The managing director of the bank was summoned to Mysore recently by the RBI for an enquiry.

The apex bank has directed the co-operative bank to close all mutual funds, a rule enacted recently and applicable to all financial institutions. The DCC Bank had Rs 60 crore as mutual funds and had recalled around Rs 44 crore. The managing director of the bank was summoned to Mysore recently by the RBI for an enquiry.


‘Adventure’ tourists cautioned of flash floods in Kodagu

Tourists visiting the hilly district of Kodagu, which receives a high amount of rainfall, have been asked to be cautious when they go on adventurous sojourns like trekking and hiking during monsoon as flash floods could cause danger to their lives.

Deputy Commissioner Chandregowda today cautioned the tourists and asked them to take enough care while they go on their own in the countryside in this district known for its coffee plantations.

His comment came after a TV Channel photographer drowned due to flash floods in River Cauvery at Balamuri two days ago.

Shekar, a satellite TV photographer, met with a watery grave while attempting to walk through an abandoned bridge with overflowing with water.

The official had asked hotel and home stay owners to educate the tourists about dangerous spots.


Beary Literary–Cultural Convention held at Madikeri

“Regional languages and culture are facing the onslaught of globalization and it’s the responsibility of everyone to foster regional art, literature, language, and culture,” said Manu Baligar, commissioner, state Kannada and Culture department.

He was speaking after inaugurating the Beary Literary–Cultural Convention, held at Kaveri Hall, here recently.  It was organized by the Beary Sahitya Academy.
“Although our country has many religions and a diverse culture, there is unity among Indians in diversity,” added Baligar.“Beary Sahitya Academy does immense service in promoting Beary language. Although Beary and Kodava linguists are few in numbers, the state grants equal funds for their Academy.  It’s significant that the Academy’s role is much more important than the people,” stressed Baligar.

Beary Sahitya Academy president M B Abdul Rehman, in his presidential address, said that the Academy has been laying stress on literature, education, and thereby works for the betterment of society. “It’s not restricted to one community,” he said. Former MLA K M Ibrahim, Karnataka Kodava Sahitya Academy president Rani Machayya, and Badriya Jamaat president M E Hanif also spoke on the occasion.

Academy registrar Umarabba welcomed the gathering. A poets’ session was held after the stage programme which was chaired by B A Shamsuddin Madikeri. MLC M C Nanaiah presided over the valedictory ceremony.

Kodagu district Kannada Sahitya Parishat president T P Ramesh and G Rajendra, chief editor, ‘Shakti’ Kannada daily, spoke on the occasion.

Moilnji Makers troupe staged ‘Beary Qavvali’, Star Singers Padubidri group staged Beary folk singing, Beary Media Makers group and Madikeri Crescent School students staged various cultural programmes.

To know more about the BEARY community please click here


For programme photographs & Vedio please contact: SONA Photo Fashion, Madikeri. Ph No: 9743350442 






KVK Chief’s wife brutally murdered

In a shocking daylight murder, Gonikoppal Krishi Vijnana Kendra (KVK) Chief Naryanaswamy’s wife Pushpa (41) was brutally murdered on Tuesday at her house on Shishuvihar Road in Gonikoppal, police said.

The victim’s neck was cut with sharp material and her husband Naryanaswamy found her dead when he entered the house for lunch in the afternoon, they said.

Daughter Kannika, studying in 6th standard at Coorg Public School, Gonikoppal, was at school when the incident took place.

The reason behind the crime is yet to be known. Dog squad and fingerprint experts were pressed into action.


Fake doctor arrested in Kushalnagar

Police in Kushalnagar in Kodagu district have arrested a person who faked as a child specialist and had been practicing for the last ten years.

Police said here today, Suresh Kumar, a resident of KR Nagar, had been practicing in the city for the last one decade as an MD. Besides the illegal medical practice, Suresh Kumar, who had studied upto seventh standard, had formed a trust under the name �Karunya Charitable Trust� and had been collecting money from people by promising to double or triple it.

He had been conducting few service projects like health camps, distributing live stock in villages by inviting district officials and VIPs to gain confidence of the people.

Police estimate that he had raised over Rs five crore in the district through the trust and invested the money elsewhere.

On receiving complaints from the people, police arrested Suresh Kumar along with his manager Prabha.


101 jumbos perish in a decade in Kodagu

The elephant population seems to be fast dwindling in Kodagu district. As many as 101 elephants have died in the last ten years in the coffee bowl of Karnataka. 

 The Western Ghats in Kodagu are a conducive habitat for pachyderms. However, more jumbo deaths have been reported from the region, according to statistics available with the Forest department. Of the total jumbo deaths, 11 have been due to gun shots and 13 electrocuted. The rest of the deaths have been attributed to old age or ill health. The reason for the death of a jumbo in 2008 is yet to be ascertained. Two each elephants have died in Somawarpet, Shanivara Santhe and Kushalnagar ranges in the last one year.

Man-animal conflict too has been on the rise in the district. As many as 3,384 incidents of jumbo attack have been registered in the last ten years and 33 people have died in the last five years.  The State government is yet to act on the proposal of the district administration.


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Pepper gains on supply crunch

Pepper futures ended with positive note reposing the faith in world wide supply shortage. Spot price traded firm near Rs 25000 per quintal.

As per media sources most of the domestic demand is met from the pepper from coorg region and farmers are holding the pepper from hilly areas for better price realization.

PVO analysis shows slight divergence when comparing volume with prices which shows volume participation had slightly reduced in the last four days.

International prices of MG1 grade trade near $5900 per ton which is out priced compared with prices in Vietnam.

However limited participation by Vietnam in the international market can make MG1 competitive even though prices are trading at higher levels.

Courtesy: Geojit Comtrade Limited