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Karnataka

Karnataka Postal Circle Launches Mahila Samman Savings Certificate to Empower Women Financially

The scheme offers a fixed interest rate of 7.5% over a two-year period, a maximum ceiling limit of Rs 2 lakh over two years, and partial withdrawal after one year

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Karnataka Postal Circle Launches Mahila Samman Savings Certificate to Empower Women Financially
Photo:- Karnataka Postal Circle/ Twitter

Bengaluru : The Karnataka Postal Circle has introduced a new scheme, Mahila Samman Savings Certificate (MSSC) 2023, aimed at boosting the financial empowerment of women in the state. The scheme offers a fixed interest rate of 7.5% over a two-year period, a maximum ceiling limit of Rs 2 lakh over two years, and partial withdrawal after one year.

S. Rajendra Kumar, Chief Postmaster General of the Circle, stated that the launch is part of a nationwide initiative to promote financial inclusion of women and girl children. He also mentioned that the interest rate offered is much higher than that of banks, and the money deposited is always secure with the Postal department.

The scheme is for a two-year period, ending on March 31, 2025, with payouts made every quarter. The interest is compounded quarterly and credited to the account. Even if an account is opened on the last date of the scheme, the benefits will continue until the completion of the two-year period.

According to Sudhakara G Devadiga, Assistant Postmaster General, the scheme can be opened at any of the 9,613 post offices across the state, and at least one lakh women are estimated to invest in the scheme.

Any woman or girl can open any number of accounts under the scheme, with a one-time deposit of a minimum of Rs 1,000 and any sum in multiples of 100. A three-month gap between consecutive accounts is required, and no deposits are permitted after the first one. The maximum amount permitted in all accounts held by an account holder under this scheme is Rs 2 lakh.

After the expiry of one year, the individual is allowed to withdraw 40% of the amount deposited. The account cannot be closed before the maturity period, except in cases of death of the account holder or extreme compassionate grounds.

The launch of this scheme is a step towards promoting financial inclusion and women’s empowerment in the state. It provides an opportunity for women to save and grow their money while ensuring the safety and security of their deposits.

In other news, to mark Mahaveer Jayanti, a picture postcard on the 24th Thirthankar Bhagwan Mahaveer was released by Chief Postmaster General, Karnataka Circle, Rajendra S Kumar. The postcard, which bore photos of the spiritual leader with the words ‘Live and Let live,’ was released in advance at the General Post Office on Monday. Jains from across South India participated in the event organized by the Jainism Philatelic Society of India and India Post. Cancellations on the same will be issued on Tuesday to mark the auspicious day.

Bengaluru

Bengaluru Firm: Rs 1,500 ‘Forest Bathing’ at Cubbon Park – Viral Post

Debate erupts as Trove Experiences offers Rs 1,500 forest bathing in Cubbon Park. Is commercializing Shinrin Yoku ethical? Explore the controversy.

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Bengaluru Firm: Rs 1,500 'Forest Bathing' at Cubbon Park - Viral Post
(Image:troveexperiences.com)

In Bengaluru, Trove Experiences’ decision to monetize Shinrin Yoku, a revered Japanese practice, has stirred controversy. The offering of guided forest bathing experiences for Rs 1,500 has triggered outcry and ridicule, igniting a fierce debate over the commercialization of a sacred ritual.

Research highlights the benefits of communing with nature, emphasizing its capacity to alleviate anxiety, depression, and uplift mood and self-esteem. Shinrin Yoku, the Japanese art of forest bathing, has long served as an escape from urban chaos, offering a slow, deliberate stroll through wooded areas to soothe modern malaise and restore well-being.

However, criticism has mounted with the introduction of paid guided forest bathing experiences, a novelty in Bengaluru. Trove Experiences’ initiative has sparked a firestorm of debate with its Rs 1,500 forest bathing excursions, conducted not in a forest but at Cubbon Park, where strolling has always been free.

On Trove Experiences’ website, the description of their offering underscores the need for city dwellers to reconnect with nature amidst the stress of urban life. The immersive forest walk promises to leave participants feeling centered and revitalized.

Yet, screenshots of Trove Experiences’ pricing have circulated widely, provoking outrage and mockery. Social media users have derided the notion of paying for a forest bathing experience in a park where grass-touching remains free. The viral post on X has garnered significant attention, with thousands of likes and comments reflecting widespread skepticism and humor.

The controversy surrounding Trove Experiences’ commercialization of Shinrin Yoku underscores broader questions about the ethical boundaries of monetizing sacred practices and the commodification of nature’s healing benefits. As debates continue, the clash between commercial interests and cultural reverence remains unresolved, leaving many to ponder the true essence of Shinrin Yoku amidst the uproar.

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Bengaluru

Tejasvi Surya Faces Backlash at Bengaluru Campaign Event

Tejasvi Surya faces criticism at Bengaluru campaign event as investors demand answers on Guru Raghavendra Co-operative Bank scam.

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Tejasvi Surya Faces Backlash at Bengaluru Campaign Event
(Image: timesnownews)

Bengaluru South MP Tejasvi Surya encountered a turbulent situation during a recent election campaign event in the city. The event, held at the Laxmanrao Imandar auditorium, took an unexpected turn when investors who had suffered losses in the multi-crore scam involving the Guru Raghavendra Sahakara Bank Niyamitha demanded accountability from the parliamentarian.

The investors, visibly frustrated by the delay in compensation for their losses, sought answers from Surya and other leaders present, including Basavanagudi BJP legislator L A Ravi Subramanya. Despite attempts by the leaders to assuage their concerns, the investors remained dissatisfied with the responses provided.

Footage from the event circulated on social media platforms, capturing the moment when Surya was escorted out of the venue by his security personnel. During his exit, he engaged in heated exchanges with some of the investors who approached him with their grievances.

The incident drew attention from various political quarters, with Karnataka Congress seizing the opportunity to criticize Surya’s handling of the situation. The party took to Twitter to highlight the MP’s departure from the event, characterizing it as an escape through an “emergency exit door.”

In response, Surya’s office released a statement accusing Congress workers of disrupting the meeting and attempting to derail the BJP’s campaign efforts. The statement condemned the alleged tactics employed by Congress workers, including pushing and shoving attendees, and emphasized the BJP’s commitment to a positive and development-oriented campaign.

The controversy surrounding the campaign event underscores the ongoing fallout from the Guru Raghavendra Co-operative Bank scam, which came to light in 2020. Despite efforts by regulatory authorities and the Deposit Insurance and Credit Guarantee Corporation to mitigate the impact on depositors, many individuals remain uncompensated for their losses.

The Enforcement Directorate’s investigation into the scam revealed instances of fund misappropriation and financial irregularities, leading to the attachment of the bank’s properties worth Rs 159 crore. With over 15,000 depositors yet to receive full compensation, the Karnataka government’s decision to hand over the probe to the CBI reflects the seriousness of the situation.

As the election campaign in Bengaluru South unfolds, the incident involving Tejasvi Surya serves as a reminder of the challenges faced by politicians in addressing the grievances of affected constituents amidst ongoing controversies and political scrutiny.

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Bengaluru

Fatal Bike Accident in Bengaluru: Man Dead, Two Injured in Pit Fall

Tragedy struck in Bengaluru as a bike accident claimed a life and left two critically injured after plunging into a water pipeline pit. Get the details here.

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Fatal Bike Accident in Bengaluru: Man Dead, Two Injured in Pit Fall
(Representational Image)

A tragic incident unfolded in Bengaluru, leaving one man dead and two others critically injured after their bike veered off the road and fell into a pit dug up for a water pipeline. The mishap occurred on Sunday, shocking locals and prompting questions about safety measures in construction zones.

According to police reports, the bike’s rider failed to notice the deep pit and drove straight into it. Despite efforts by locals to rush the injured to the hospital, one of the bikers succumbed to his injuries on the spot, while the other two are battling for their lives in critical condition.

Eyewitnesses lamented the lack of barricades or warning signboards near the pit, blaming civic authorities for negligence. A complaint lodged by one of the survivors demands action against the water board contractor responsible for the site.

In response, the Bangalore Water Supply and Sewerage Board refuted allegations of lax safety measures, asserting that barricades were indeed in place. However, they claimed that the riders were intoxicated, which led them to overlook the warning signs.

Ram Manohar, Chairman of the Bangalore Water Supply and Sewerage Board, emphasized that corrective measures would be taken pending the outcome of the police investigation. He cited reports suggesting that the bikers were performing a wheelie, a risky maneuver where the front wheel is lifted off the ground, contributing to the accident.

Regardless of the circumstances, the incident underscores the importance of safety protocols in construction areas and the need for both authorities and citizens to remain vigilant on the roads. As investigations continue, the hope is that lessons will be learned and actions taken to prevent such tragedies in the future.

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