SN.Jayaram, IGR and Commissioner of Stamp, Beware: Your stamp paper could be fake

                                                                              

S N Jayaram, IG, Registration and Commissioner of Stamps, said,  "Agents buy stamp papers from Sub-registers offices, photocopy them, forge signature, seal and sell them at two or three times the price". 

There is no shortage of stamp papers. Why should people fabricate them? We have given out e-stamping franchise to banks and post offices.
 
Hundreds of transactions, ranging from sale deeds, rental agreements and name change to court affidavits take place in Bangalore every day but they may not be worth the value of the paper they are printed on. This is because fake stamp papers of all denominations are doing a thriving business in Bangalore.

Following the Rs 33,000 cr Telgi scam, stamp papers are legally produced in franking machines and sold only at 15 sub-registrars’ offices. Stamp papers can also be obtained from nationalised banks, post offices and a few sub-registrar offices through e-stamping. E-stamped papers are largely tamper-proof as they have distinct holograms.

The stamp papers produced by franking machines are duplicated on a scandalous scale. Agents buy stamp papers from sub-registrars’ offices, then get them colour photocopied in bulk and fix forged signatures and seals on them. These are then sold at two or three times their original price at various court complexes.
 
It’s an "Organised racket" which involves notaries, advocates and agents and is an open secret at the sub-registrar’s offices. “The government has put one Telgi behind bars. Now, we have hundreds of Telgis operating. In several departmental meetings, we have complained to higher-ups that our system has a loophole,’’ a senior sub-registrar said.

We realised how prevalent the scam is when we purchased two stamp papers — a Rs 20 denomination and a Rs 50 denomination — from the court premises at Mayo Hall. The deal was clinched by an advocate called Nagaraj. An agent standing near the parking stand with a bundled plastic cover fished out stamp papers of various denominations.

We paid Rs 60 for the Rs 20 stamp paper and Rs 90 for the Rs 50 stamp paper. In a sub-registrar office it would have cost not more than an additional Rs 10 (Rs 5 is service charge for any denomination paper) for both.

Stamp papers from franking machines are available at SR offices. We have 45 machines in the state. but yet people are 
not willing to take the stress of following even the easy procedure, I will look into the issue, assured Mr Jayaram
 

SN Jayaram IAS, Apex Bank aims at 14% growth in deposit base

Karnataka State Cooperative Apex Bank is planning to increase its deposit base by 14 per cent to Rs 5,150 crore in the present financial year as compared to Rs 4,479 crore in the last fiscal.
The bank is also planning to disburse Rs 4,096 crore of agricultural credit during this fiscal, of this Rs 1,950 crore has already been disbursed in the first five months of the present fiscal.

“We are hopeful that both our credit and deposit target will be achieved this year on the back of an encouraging response from customers,” S N Jayaram, managing director, The Karnataka State Co-operative Apex Bank, said on the sidelines of the 85th annual general body meeting here.

He also said that the bank was planning to open nine new branches in the city during present fiscal.
The apex cooperative bank has 31 branches in the city and has received approval from the RBI to open another nine branches. “The capital expenditure for opening these branches will be in the range of Rs 2 crore,” he added. The bank will also float tender to shift overall banking operation to core banking mode in the near future. “The expenditure for rolling out core banking will be around Rs 2-3 crore in the present fiscal,” he said.

Link : http://www.business-standard.com/article/finance/apex-bank-aims-at-14-growth-in-deposit-base-110092100035_1.html

SN Jayaram, IAS Receives National Award

MEGA CORP

National Award for Karnataka State Apex Co-op Bank. The Karnataka State Apex Co-operative Bank has been adjudged as 3rd best performing co-op bank by the National Federation of State Co-operative Banks (NAFSCOB). Apex Bank MD, S N Jayaram(left) received the award from RBI Dy. Governor, Dr. K C Chakrabarthy. The awards were presented last week at New Delhi at the National Consultation Review Meet and Presentation of Best Performance Awards function organized by NAFSCOB

SN Jayaram, MD Apex Bank - Vaidyanathan Committee recommendation Accepted

The State has accepted the recommendations of the Vaidyanathan Committee report, and the Centre has released Rs. 753 crore to the State for restructuring short-term loans, said S.N. Jayaram, managing director, Karnataka State Cooperative Apex Bank, here on Monday.

Funds would be released through the National Bank for Agriculture and Rural Development (NABARD).
Speaking to The Hindu, Mr. Jayaram, who was in Hassan to present a vision document prepared by the cooperative apex bank, said that according to the report, weaker financial institutions would be given a one-time financial impetus.

With this, many of the primary agriculture cooperative societies and District Central Cooperative (DCC) Banks would become financially more viable. He said 12 lakh farmers would benefit under the short-term credit structure, and the repayment would be more than 90 per cent.
The total working capital of all the banks and cooperative societies under the cooperative apex bank is Rs. 20,000 crore.

The cooperative banks were doing an excellent job in financing self-help groups (SHGs), he said. So far, the banks had financed 1.92 lakh SHGs with an outlay of Rs. 1,104 crore. The plan was to cover 4.7 lakh SHGs with an outlay of Rs. 5,000 crore by 2014-15, he said.

SN Jayaram, Apex Bank to Expand

K'taka Apex Bank in an expansion mode

In an effort to expand its customer base, the Karnataka State Co-operative Apex Bank plans to open 31 new branches and five new ATM counters next month. Speaking with Deccan Herald, the bank’s Managing Director S N Jayaram IAS said that the ATMs will be opened in the city and the branches will be across the state. “We hope to enhance our customer care service by bringing in Real Time Gross Settlement (RTGS) system for easy funds transfer,” he added. The Apex Bank, which started its operation in 1915, has 21 District Co-operative banks with 600 branches and 5 lakh Primary Agricultural banks under its jurisdiction. It has a working capital of Rs 50,200 crores and its advances to agriculture sector  amount Rs 3200 crores for the current financial year till March.  Loan waiver Apex Bank is quite successful in farm loan waiver scheme. It had received a total amount of Rs 1879.35 crores from the government as part of the Farm Loan Waiver Scheme, of which it has released Rs 1751.18 crones in 2008-09. Jayaram said the loan waiver scheme has not created any liquidity crisis and they are doing very well. The bank is also vying to utilise its deposits for investment in infrastructure projects in the state. “We already had preliminary negotiations with the KSRTCin this regard.  We are ready for investments in private and public enterprises,” he added. Self Help Groups numbering 1,23,368 have mobilised a deposit of Rs 256.93 crores till January 31st, 2009 to the District Co-operative banks  and also availed credit facilities of Rs 494.41 crores.   Link : http://archive.deccanherald.com/Content/Mar232009/business20090322125697.asp

Deputy Commissioner, S.N. Jayaram, IAS on a `padayatra' for tsunami relief fund

                             

       A fruit vendor donates for tsunami relief fund when the Deputy Commissioner, S.N. Jayaram (sporting a cap), took a `padayatra' in Bellary on Thursday.

 

BELLARY, DEC. 30 2004, The Deputy Commissioner, S.N. Jayaram, collected a sum of Rs. 1.6 lakh during the "padayatra" here on Thursday. The "padayatra" was organised to raise funds for the tsunami victims. Phanindra Babu and Chandrashekar Choudhary, president and secretary of the Bellary District Chamber of Commerce and Industry respectively, handed over a demand draft for Rs. 51,000 at the Gadagi Chennappa Circle to the Deputy Commissioner. Traders and owners of several shops and business establishments also made donations to the relief fund. 

The Bellary Agenda Task Force (BATF), headed by the Deputy Commissioner, has announced a donation of Rs. 10 lakhs.N. Suryanarayan Reddy, Kurgodu MLA has announced a donation of Rs. 25,000 for the relief fund. Another donor, who did not wish to disclose his name, gave a demand draft for Rs. 25,000 and promised to donate another Rs. 10,000.

Zahir Ahmed, chairman of the Bellary Urban Development Authority, has announced to donate his one-month's honorarium (Rs. 10,000) to the relief fund. The Terapanth Samaj made a donation of Rs. 11,000 on Wednesday.

The corporators of the Bellary Municipal Corporation have announced to donate their one-month's salary, while the civic employees have decided to donate a day's salary. The Tungabadhra Grameena Bank employees also have decided to donate a day's salary for the relief fund. B. Sriramulu, MLA; Chandrashekar, president of the district unit of State Government Employees' Association; Bheemappa, Assistant Commissioner; Mahipal, and Narayana Rao, participated in the "paada yatra."

Link : http://www.hindu.com/2004/12/31/stories/2004123102810300.htm

Doctors told to serve their patients with compassion

                

                    Justice Manjula Chellur, judge of the Karnataka High Court,  inaugurating the 23rd Karnataka State Ophthalmologists' Conference in Bellary on Saturday. V.N. Kulkarni (second from left), chairman of the conference committee; 
SN Jayaram, Deputy Commissioner; and Vijay Gramophadhyaya, president of the Karnataka Ophthalmologists' Society, are seen

 
Justice Manjula Chellur, judge of the Karnataka High Court, has underlined the need for medical professionals to have a basic knowledge of the laws. She was speaking after inaugurating the 23rd Karnataka State Ophthalmologists' Conference, organised by the Bellary District Ophthalmologists Association in association with the Vijayanagar Institute of Medical Sciences (VIMS) at Basava Bhavan here on Saturday.

Ms. Chellur was of the view that it was high time that the medical professionals had a basic knowledge of the law, especially in the wake of Karnataka Consumer Protection Act taking cognisance of any negligence on their part. She also hoped that the State-level bodies would come out with a charter of dos and don'ts, duties, and rights, so that they could discharge their duties properly.

She called upon medical professionals to ensure that the reports on medico-legal cases were clear, which would help the judiciary in proper dispensation of justice. She said that blaming the doctors was not right, as many of the government hospitals in the rural areas lacked basic infrastructure. She urged the doctors serving in rural areas to realise the circumstances and gear up to face the challenges.

The Deputy Commissioner, S.N. Jayaram, who was also one of the guests of honour, underlined the need for doctors to serve their patients with compassion. He said that of the six crore visually challenged people in the world, 70 lakhs were in India. In order to prevent blindness, the Government had formed District Blindness Control Societies and the level of blindness was decreasing. He said that efforts were on to bring the level down from 1.1 per cent to 0.3 per cent. 

The president of the Karnataka State Ophthalmologists' Society (KSOS), Vijay Gramopahyaya, emphasised the need to organise the Continued Medical Education (CME) programme to help doctors keep abreast of the developments in medical sciences. Shamsundar Prasad from Hyderabad was conferred with the Dr. Subramanyam Oration award on the occasion.

The principal and director in-charge of VIMS, R.D. Desai, released a compact disk brought out by KSOS.

V.N. Kulkarni, chairman of the conference committee, welcomed the gathering.

Link : http://www.hindu.com/2004/11/28/stories/2004112802110300.htm