Financial Daily from THE HINDU group of publications
Tuesday, Sep 09, 2003
Financial Daily from THE HINDU group of publications Tuesday, Sep 09, 2003 |
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Agri-Biz & Commodities
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Natural Calamities Secretaries to oversee relief measures implementation in Karnataka Our Bureau
Bangalore , Sept. 8 SECRETARIES of all departments would be made in charge of implementation and monitoring of the relief packages announced by the Government. The decision comes in the wake of reports of increasing number of suicides by farmers in the State. Briefing reporters after a review meeting with Secretaries of all departments on drought relief, Mr B.S. Patil, Chief Secretary said the Government would ensure that the relief package announced by the Government would be implemented within 15 days. He also informed that an immediate survey would be made in all districts by the officials with regard to the reported suicides committed by farmers and ways to address the issues of farmers. The Government had announced a major relief measures to farmers on August 28, which among other things decided to waive power dues on irrigation pump sets, interest on long-term loans of horticulture crops and cooperative short-term loans for Rabi 2002. The relief measure involved a package of Rs 856 crore. Besides, the Government also announced austerity measures to reduce government expenditure. Mr Patil said the meeting also decided to have Web sites of each department updated on a daily basis as to have information handy to help the implementation of the relief measures. To cut down on government expenditure, the Government has decided that the Resident Commissioner in Delhi would attend meetings of various minisitries, instead of Secretaries going to Delhi. Meanwhile, the Minister for Co-operation, Mr H. Vishwanath said today that a district level task force headed by Deputy Commissioner will be set up to monitor the implementation of the Karnataka Prohibition of Charging Exorbitant Interest Ordinance. The Ordinance banning usurious interest charged by private lenders, was promulgated on September 5 and came into force same day. It prohibits charging of interest above the permissible interest rate of 16 per cent per annum for non-secured loan and 14 per cent for secured loan. Earlier it was 21 and 23 per cent respectively.
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