Latest news with #KRPeriyakaruppan
Time of India
08-07-2025
- Time of India
Kandadevi temple car festival conducted peacefully in Sivaganga
1 2 Sivaganga: The temple car festival and procession of the Arulmigu Sornamoortheeswarar Temple in Kandadevi in Sivaganga district passed off in a peaceful manner amid tight security arrangements on Tuesday. State cooperation minister K R Periyakaruppan inaugurated the car festival. The temple car festival procession was held from 6.15am to 7.45am with the participation of devotees of all communities. The temple cars, with the deities, both Swamy and Amman, were pulled by the 'Vadams' (ropes) by devotees with religious fervour. "Due to law and order issues, the Kandadevi temple car festival was not held from 1998 to 2001. Later, it was held in 2002, 2004, 2005, and 2006, with the festival not conducted in 2003 due to disputes. Subsequently, reasons like renovation work, consecration ceremony, work for a new temple car, Covid-19 pandemic, etc., led to delays and disruptions in the festival being held over the years," recalled Periyakaruppan. The minister highlighted that it was only on the instructions of chief minister M K Stalin in 2023 that different factions were united and the Kandadevi temple car festival was held peacefully last year on June 21, 2024, after 17 years. More than 2,000 police personnel and CCTV cameras had been deployed for security and crowd management and no untoward incidents were reported. Sivaganga district collector K Porkodi, ADGP law and order Davidson Devasirvatham, Ramanathapuram DIG P Moorthy, Sivaganga SP (in charge) G Chandeesh, and other senior police and Hindu religious and charitable endowments department officials participated.
New Indian Express
30-05-2025
- Business
- New Indian Express
RBI norms won't affect disbursal of gold loans in co-operative societies: Minister Periyakaruppan
CHENNAI: While the Reserve Bank of India's (RBI) draft guidelines on gold loans have faced stiff opposition from a section of political parties and farmers' associations, the state cooperative department on Thursday clarified that crop loans provided after taking gold as collateral through 4,456 Primary Agriculture Cooperative Credit Societies (PACCS) will continue as usual, since these institutions are not governed by the RBI. These 4,456 PACCS, which operate through 225 branches and serve 12,620 village panchayats, extend credit to local residents for both agricultural and non-agricultural purposes. For the financial year 2024-25, PACCS disbursed loans amounting to Rs 15,692 crore to 17,37,460 farmers, according to official data shared by the department. Minister for Cooperation K R Periyakaruppan at the secretariat on Thursday said the PACCS are not regulated by the RBI and therefore are not subject to the proposed gold loan guidelines. 'The crop loans issued by PACCS to farmers will continue as usual,' he told the media. Department officials further clarified that the proposed RBI norm which prohibits banks' from accepting gold as security for agricultural loans up to Rs 2 lakh also will not be implemented at PACCS.
