VC of NUSRL receives Indian Achievers Award
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The Hindu
a day ago
- The Hindu
State government faces embarrassment as Council rejects Souharda Co-op Bill
The State government on Wednesday faced an embarrassing situation in the Legislative Council when the Opposition BJP and JD (S) voted down the Karnataka Souharda Sahakari (Amendment) Bill, 2025, that was passed in the Assembly. Karnataka Governor Thaawarchand Gehlot had earlier this year returned this Bill, along with the Karnataka Cooperative Societies (Amendment) Bill, 2024, to the State government, requesting reconsideration and modifications. The Governor had deemed the government's previous clarifications on these Bills as 'not satisfactory'. Why the Bill Presenting the Bill, Law and Parliamentary Affairs Minister H.K. Patil said that it provides for maintaining 20% of the total deposits as State statutory liquid reserve (SLR) to manage increasing cases of misappropriation. 'Apart from provisions for maintaining a statutory liquid reserve, the Bill introduces a requirement for candidates, directors, and Chief Executive Officers to declare their assets and liabilities at the end of each year to promote transparency and accountability,' Mr. Patil said, pointing out that amendments were being made to define voting rights, election procedures, and management structures of cooperative societies. Annual declaration However, the Opposition members objected to the annual declaration of assets and liabilities and a few other clauses. 'Banks with RBI approval should be free to deposit funds where a higher interest is available. Reserving 20% of deposits under SLR is unnecessary. Already, in many cooperatives, members struggle to withdraw their own deposits, often forced to withdraw money in instalments,' the members said. Although Mr. Patil assured the House that the annual declaration could be changed to once every two years, the Opposition members demanded that the Bill be put to a vote. Chairman Basavaraj Horatti, who did a count of those in favour and against the Bill, announced that 23 legislators were in favour while 26 were against it. Hence, the Bill has been rejected, he said.
New Indian Express
2 days ago
- New Indian Express
Misuse of Rs 140 crore MySugars grant under probe, says minister Shivanand Patil
BENGALURU: Sugar, Textiles, and Agricultural Marketing Minister Shivanand Patil said on Tuesday that an investigation is on into the alleged misuse of Rs 140 crore released for the development of MySugars by the chief minister of the previous government. Replying to a question by Madhu G Madegowda in the Legislative Council, Patil said steps have been taken for the development of MySugars after the Congress came to power. The sugar yield, which was 3.5% earlier, has reached 8%. He said the cogeneration unit at MySugars was started after the Congress came to power. The unit generated 12.21 lakh units of electricity. The factory used 7.28 lakh units, 4.93 lakh units were supplied to CHESCOM for Rs 29.14 lakh at Rs 5.91 per unit. If all electricity generated is supplied to CHESCOM, the unit can earn Rs 9.48 administrative office of MySugars in Bengaluru had to clear pending property tax of Rs 6.50 crore. It cleared Rs 2.04 crore under the one time settlement scheme, saving Rs 4.50 crore, he said. MySugars owns 235.10 acres of land. A survey will be conducted to determine the extent of encroachment, which will be cleared accordingly, the minister said. Earlier, Patil referred to the Mega Integrated Textile Regions and Apparel PM MITRA Textile Park project in Kalaburagi and said it will be completed in 10 to a question by Jagdev Guttedar, Patil said, 'The project will have industries that produce yarn to readymade garments. About one lakh jobs will be created. The cabinet has approved a proposal to release Rs 390 crore for infrastructure development.'
India Today
2 days ago
- India Today
Karnataka's study abroad scheme attracts over 5,000 students in first phase
More than 5,000 students have already registered for Karnataka's new 'Study Abroad' scheme, launched by the Karnataka Vocational Training and Skill Development Corporation (KVTSDC).The initiative has been created to make higher education overseas accessible to all, particularly students from economically weaker sections of response reflects strong interest in global education, with the government highlighting that this programme is fully transparent, provides free guidance, and does not involve agency SUPPORT THROUGH BANKS Recognising the financial hurdles that often deter students from pursuing overseas studies, the government has tied up with banks, including Karnataka Bank, to provide student-friendly education loans are designed to reduce the burden on families while ensuring students can focus on their academics. The scheme thus aims to remove one of the biggest barriers faced by young people aspiring to study GOVERNMENT SUPPORTThe programme promises to extend support to students even after they move overseas. This includes access to welfare services, legal aid, and academic have said the scheme ensures students do not feel abandoned once they leave the country but remain connected with state-backed support measures are being promoted as a way of making the scheme more comprehensive than typical private consultancy-driven processes.A FIRST-OF-ITS-KIND INITIATIVESharanaprakash Patil, Minister for Medical Education, Skill Development, Entrepreneurship, and Livelihood, called the initiative unique in its approach.'This first-of-its-kind initiative in India ensures global education is no longer limited to the privileged,' he thousands of students already on board and a major expo set to bring in more, the Karnataka government is positioning its Study Abroad scheme as a model for how states can encourage access to international education without discrimination or high costs.- Ends
