Declare north Karnataka floods as national disaster: KRRS

News Network

October 20, 2020

Mysuru, Oct 20: Karnataka Rajya Raitha Sangha (KRRS) president Badagalapura Nagendra on Tuesday urged the Union Government to declare the devastation caused due to rain and floods in north Karnataka districts as national disaster and compensate the affected people immediately.

Speaking to newsmen here on Tuesday, he said the State and Central government should change their indifferent stance and help the thousands of people in the ravaged districts, particularly those in north Karnataka.

He threatened that farmers will stage protests at all the district headquarters on October 23 to press for the fulfilment of their demands.

He said that north Karnataka has been facing a famine like situation because of frequent floods in the last three years and people have lost their property and crops. The Centre should change the national disaster relief fund policy and pay compensation in a scientific manner. The fertile lands that have been rendered useless should be made irrigable again. The pending payment to sugarcane growers must be settled without any delay. The government should bear the college fees of students from rural areas, he added.

Stating that since the Narendra Modi government came to power, it announced a minimum support price thrice, but in reality, the farmers are not getting it. BJP leaders are boasting that amendment of APMC Act will help the farmers but what is happening is exactly the opposite. MSP for jowar was fixed at Rs 1,830 per quintal but farmers are getting only Rs 1,200. The same is the case with groundnut, cotton, ragi and paddy. The central and state governments, it seems, have no money to buy the agriculture produce from the farmers, he alleged

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Udupi: Businessman duped of Rs 2 crore by ‘trusted’ associates in multiple ventures

News Network

January 13,2025

Udupi: A resident of Karkala in Udupi district has accused five individuals of defrauding him of nearly Rs 2 crore under the guise of business partnerships.

Dawood Hakim, a resident of Ennehole in Marne village, Karkala, has filed a complaint stating that he operated a mobile sales and service business on Karkala Market Road for 15 years. He had known the accused for over two decades and trusted them implicitly.

According to Dawood, the accused convinced him to invest in multiple business ventures, including land dealings and a travel business, promising substantial returns and partnership benefits. Believing their assurances, Dawood reportedly handed over cash, gold, and a vehicle.

However, the promised profits never materialized, and the accused allegedly failed to return the money or assets. Dawood claims this deception has caused severe financial distress to him and his family, amounting to a loss of around Rs 2 crore.

A case has been registered at the CEN police station, and investigations are underway.

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Mangaluru: Mescom proposes multi-year electricity tariff hike

News Network

January 9,2025

Mangaluru: In a significant development, Mescom has proposed a phased electricity tariff hike starting with Rs 0.70 per unit for the fiscal year 2025-26. The proposal has been submitted to the Karnataka Electricity Regulatory Commission (KERC) for approval, signaling a potential increase in electricity costs for consumers.

Mescom emphasized that the current tariff structure is insufficient to meet operational expenses and manage revenue effectively. To address this, the company has invited public objections to the proposed hike.

Currently, the electricity supply cost is Rs 9.23 per unit, while the consumer tariff stands at Rs 8.53 per unit, leading to a shortfall of Rs 0.70 per unit. For the financial year 2023-24, Mescom reported revenue of Rs 5,924.73 crore against an expenditure of Rs 6,310.39 crore, resulting in a deficit of Rs 367.66 crore. For the 2025-26 fiscal year, projected revenue is Rs 5,850.81 crore, with an actual requirement of Rs 5,961.63 crore, creating a deficit of Rs 110.82 crore.

In a first, Mescom has submitted a multi-year tariff revision proposal to KERC. The plan outlines a hike of Rs 0.70 per unit for 2025-26, followed by Rs 0.37 per unit for 2026-27 and Rs 0.54 per unit for 2027-28.

"An increase in electricity tariff is inevitable," stated Jayakumar R, Managing Director of Mescom. "Mescom has submitted a proposal in this regard to KERC."

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