Fish production need to be increased to reach top position: DK in-charge minister

coastaldigest.com news network
August 15, 2020

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Mangaluru, Aug 15: District-in-Charge Minister Kota Srinivas Poojary said that the fisheries department has chalked out programmes to generate self-employment for 10,000 people in the fisheries sector in the state.

Speaking at the 74th Independence Day after hoisted the National Flag at Nehru Maidan in Mangaluru on Saturday, he said Karnataka is in the sixth position in terms of fish production in the country. “We want to reach the top position by increasing the production. Priority will be given for the fisheries sector under Pradhan Mantri Matsya Sampada Yojana," he added.

Lauding the district administration in handling the global pandemic, he said Covid-19 has posed a challenge to humanity. "There is a need to maintain social distance and cleanliness to check the spread of Covid-19. The district administration has given priority to the free treatment and testing of the Covid-19 infected. There is no compromise on the health care of the people in the district," he said.

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September 15,2020

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Bengaluru, Sept 15: The Central Crime Branch (CCB), Bengaluru has issued notices to summon actors Diganth Manchale and Aindrita Ray to their office at 11 am on Wednesday.

"Notice issued to actors Diganth and Aindrita Ray to appear before CCB at 11 am tomorrow," said Sandeep Patil, Joint Commissioner of Police, Crime, Bengaluru City Police.

Earlier in the day, a search was conducted at the house of Aditya Alva - son of former Minister Jeevaraj Alva - in connection with the ongoing investigation in the drug case in Karnataka.

On September 8, Kannada film actor Sanjana Galrani along with her mother were detained by the CCB, Bengaluru for their alleged involvement in a drug case, the police said.

The mother-daughter duo was sent to the CCB office situated in the Chamrajpet area of the city for further interrogation.

Before that on September 7, Kannada actor Ragini Dwivedi was also arrested in this case and was produced in court, which sent her to 5-day custody.

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September 18,2020

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New Delhi, Sept 18: India’s economic recovery prospects have gone from bad to worse after the nation emerged as a new global hotspot for the coronavirus pandemic with more than 5 million infections.

Economists and global institutions like the Asian Development Bank have recently cut India’s growth projections from already historic lows as the virus continues to spread. Goldman Sachs Group Inc now estimates a 14.8% contraction in gross domestic product for the year through March 2021, while the ADB is forecasting -9%. The Organisation for Economic Co-operation and Development sees the economy shrinking by 10.2%.

The failure to get infections under control will set back business activity and consumption -- the bedrock of the economy -- which had been slowly picking up after India began easing one of the world’s strictest and biggest lockdowns that started late March. Local virus cases topped the 5 million mark this week, with the death toll surpassed only by the US and Brazil.

“While a second wave of infections is being witnessed globally, India still has not been able to flatten the first wave of infection curve,” said Sunil Kumar Sinha, principal economist at India Ratings and Research Ltd, a unit of Fitch Ratings Ltd. He now sees India’s economy contracting 11.8% in the fiscal year, far worse than his earlier projection of -5.8%.

Goldman Sachs’s latest growth forecast came last week after data showed gross domestic product plunged 23.9% in the April-June quarter from a year ago, the biggest decline since records began in 1996 and the worst performance of major economies tracked by Bloomberg.

While there are some signs that activity picked up following the strict lockdown, a strong recovery looks uncertain.

“By all indications, the recovery is likely to be gradual as efforts toward reopening of the economy are confronted with rising infections,” Reserve Bank of India Governor Shaktikanta Das told a group of industrialists Wednesday.

Lower Potential

The central bank will likely release its own growth forecast on October 1 when the monetary policy committee announces its interest rate decision. In August, the RBI said private spending on discretionary items had taken a knock, especially on transport services, hospitality, recreation and cultural activities.

The plunge in GDP, as well as ongoing stress in the banking sector and among households, will curb India’s medium-term growth potential. Tanvee Gupta Jain, an economist at UBS Group AG in Mumbai, estimates potential growth will slow to 6% from 7.1% year-on-year estimated in 2017.

What Bloomberg’s Economists Say

India went into the Covid-19 pandemic already suffering a downward trend in growth potential. We expect a 10.6% contraction in fiscal 2021, rebound in 2022, and slower path for growth as scars from the virus recession drag on the remaining years of the decade.

Abhishek Gupta, India economist, said in addition to that, corporate profits have collapsed, putting a brake on investments, which in turn, will curb employment and growth in the economy.

India is “likely to see a shallow and delayed recovery in corporate sector profitability over the next several quarters,” said Kaushik Das, chief economist at Deutsche Bank AG in Mumbai, who has downgraded his fiscal year growth forecast to -8% from -6.2%. That will “reduce the incentive and ability for fresh investments, which in turn will be a drag on credit growth and overall real GDP growth,” he said.

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September 26,2020

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Mangaluru, Sept 26: Film Actress cum TV anchor Anushree on Saturday arrived at Panambur police station to dispose herself before the Central Crime Branch (CCB) sleuths investigating into multi-crore drug menace.

Anushree hails from Mangaluru and is now settled in Bengaluru. Mangaluru Police had arrested actor and choreographer Kishore Aman Shetty and his friend Akeel on Sep 19. Since then the police had started tracking his drug links in the city.

Police said that the notice was issued as she knew Kishore Aman Shetty and also Tarun very closely. The Mangaluru police team which had been to the residence of Anushree in Bengaluru handed over the notice.

The ongoing probe of the scandal has left many in the film industry shocked as a number of celebs have come under the scanner. Earlier this week, three TV stars Geetha Bharathi Bhat, Abhishek Das, and Rashmitha Changappa had appeared before the ISD for questioning regarding their alleged connection with the ongoing probe regarding the drug scandal.

While Rashmitha confirmed that she had already appeared before ISD for primary interrogation the previous week, Abhishek Das and Geetha appeared on September 22 for investigation at the ISD office in Bangalore.

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