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COIMBATORE: The Tirupur city police on Tuesday arrested a chit fund company owner for cheating 30 people of Rs 59.68 lakh.
According to the Tirupur police, a resident of Valayankadu in Tirupur, who had deposited Rs 3.20 lakh in Veerachinnamal Chit Fund owned by Muniyandi, had registered the complaint. “When the investor tried to approach Muniyandi at the time of maturity in 2020, he went into hiding. Police filed a case against him under sections of the Prize Chits and Money Circulation Schemes (Banning) Act, 1978, 76 (1) of the Chit Fund Act 1982 and Section 420 (cheating) of the Indian Penal Code.
A special team tracked Muniyandi’s cellphone location and bank transactions, and arrested him from Omalaur in Salem district on Tuesday. He was remanded in judicial custody.
Coimbatore: Industrial associations here welcomed the Tamil Nadu government’s new industrial policy and cheered the decision to triple the subsidy cap on capital investment from Rs 50 lakh to Rs 1.5 crore.
The Coimbatore Tirupur Districts Micro and Cottage Entrepreneurs Association (Cotma) and Indian Chamber of Commerce and Industry (ICCI) called the policy ‘growth oriented’.
“We appreciate the decision to increase the cap on capital subsidy, which was 25% or Rs 50 lakh to Rs 1.5 crore. Today, even small industries have a capital outlay of more than Rs 4 crore because of inflation. Rs 50 lakh was a limit set more than a decade ago,” ICCI president Balasubramaniam said. “This will remove a solid portion of the burden from manufacturers.”
Coimbatore: There is an overwhelming response to the efforts to build the temple at Ram Janmabhoomi, RSS chief Mohan Bhagwat said here on Wednesday.
Addressing the gathering after releasing ‘Intha Mannil Vilaintha Magatthana Sinthanai’ written by former Meghalaya governor V Shanmuganathan, Bhagwat said that even those who were opposing the temple due to political reasons are keen on helping to build it now. “That’s because Lord Ram is in the heart of everyone,” he said.
The RSS leader called upon the people to show the world that in spite of the differences, Indians can live in unity. “Bharat has so many states, different literature in every language and teachings of various sects and different views from various provinces. We could be conflictingly different also. However diverse we may appear to be, we are one. That unity has to be realised and strengthened because we have a duty to give this knowledge to the world, which is stumbling in the dark.”TNN