Karnataka govt not recovered old loans amounting to over Rs 10,000 cr: CAG
Bengaluru (PTI): The Comptroller & Auditor General (CAG) has found that the Karnataka government has not recovered old loans amounting to over Rs 10,000 crore given to various entities, including a number of its own departments or undertakings.
It said there are some loans pending since 1977.
The CAG report on Finance Accounts 2022-23 was tabled in the Assembly on Tuesday.
"In respect of old loans amounting to Rs 10,389.78 crore involving eight departments (21 loanee entities), recoveries of principal have not been effected during the past several years, which includes loans pending since the year 1977," the CAG said.
According to the CAG report, the 21 loanee entities have arrears of Rs 15,856 crore, which includes principal of Rs 9,380 crore.
The oldest arrears are from 1977, given to Bangalore Water Supply and Sewage Board (BWSSB) and Karnataka State Seeds Corporation Ltd.
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Thunderstorm hits Lucknow, IMD issues red alert across multiple UP districts
Lucknow: Shortly after the India Meteorological Department issued a red alert warning of severe weather conditions in the region, a sudden thunderstorm hit Lucknow and adjoining districts on Monday morning.
The Indian Express reported that the skies turned dark around 8:45 am as strong winds lashed parts of the city. Incidents of tree falls were reported from several locations, disrupting traffic and normal movement.
The weather department said thunderstorms accompanied by lightning, hail and gusty winds of 40 to 60 kmph are likely to continue over the next three hours across several districts.
A red alert has been issued for districts including Unnao, Barabanki, Hardoi, Sitapur, Bahraich, Gonda, Shravasti and Lakhimpur Kheri, where moderate thunderstorms with hail and strong winds may damage trees, power lines and temporary structures.
An orange alert is in place for Rae Bareli, Amethi, Kanpur Nagar, Ayodhya, Kanpur Dehat, Auraiya, Kannauj, Farrukhabad, Shahjahanpur and Balrampur, where thunderstorms with lightning and winds up to 60 kmph could lead to localised disruptions.
Major parts of the state remains under yellow alert, including districts such as Prayagraj, Agra, Bareilly, Aligarh and Moradabad, where light rain, lightning and winds of 30 to 40 kmph are expected.
Authorities have advised residents to remain indoors, avoid open areas and trees during lightning, and secure loose objects.
