And this Kateel claims, both Modi and BSY govts did good flood relief work in Karnataka!

News Network
October 5, 2019

Bengaluru, Oct 5: Karnataka BJP president Nalin Kumar Kateel on Saturday claimed that both the governments at the state and Centre have done a 'good' job in handling relief work during the floods, amid the agony of people of flood-hit regions of Karnataka.

The Member of Parliament from Dakshina Kannada constituency Katteel asked opposition parties to cooperate with the state government in providing relief to those affected by the calamity instead of indulging in 'politics.'

"The state government has not failed in relief work, our Chief Minister Yediyurappa has done things that no government in the past was able to do. He has taken decisions which no government has taken so far," he said.

"Relief work has been taken up quickly...our government has done a good job in handling flood relief," Kateel said.

Speaking to reporters here, he said, As support, the central government too, by sending NDRF teams, study teams and releasing funds, has done its work."

In the face of criticism over the delay in release of central funds for relief, the central government on Friday had announced the release of Rs 1,200 crore in 'advance' from the National Disaster Response Fund to the flood-ravaged state. Referring to measures like grant of Rs 5 lakh to fully-damaged houses, Rs 10,000 as immediate relief for those affected, and Rs 5,000 monthly as rental amount for those displaced, he said the state government has released Rs 3,000 crore for relief and various initiatives have been taken so far.

As many as 103 taluks in 22 districts were affected due to floods in August, in which over 80 people were killed.

Around seven lakh people were shifted to safe areas and thousands of houses damaged.

BJP governments at both the Centre and the state have been facing criticism from the opposition Congress and JDS regarding the 'delay' in grant of central funds despite Home Minister Amit Shah, Finance Minister Nirmala Sitaraman and inter-ministerial central team visiting the affected region.

The Opposition parties have accused Modi government of showing its 'apathy' towards Karnataka, despite state sending 25 BJP MPs.

Even BJP MLA Basanagouda Patil Yatnal and MP Srinivas Prasad, also some staunch RSS and BJP supporters, have expressed strong reservations about delay in the release of central funds.

Rubbishing criticism about lack of cooperation from the Centre, Kateel said, as soon the calamity happened NDRF and SDRF teams swung into action and did an excellent work in rescue and relief. Union Ministers visited the flood-hit regions and did and aerial survey, and Prime Minister was in direct contact with the Chief Minister.

Chief Minister and Prime Minister had proper coordination, and due procedures have been followed in releasing Rs 1,200 crore. I thank the Prime Minister, Home Minister, Finance Minister, Union Ministers from the state and the Chief Minister, he said.

Reacting to the show-cause notice being issued to party MLA Yatnal by the party, the BJP state president said, "The party functions under discipline and rules, every one have to conduct themselves accordingly. If not, explanations are sought." Taking serious note of his statements against Prime Minister Narendra Modi and other senior party functionaries over 'delay' in central relief, the BJP central leadership on Friday had issued show-cause notice to Yatnal.

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ahmed ali k
 - 
Sunday, 6 Oct 2019

Which language Mr. Kateel is communicating with our PM??

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News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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News Network
January 6,2020

Hubballi, Jan 6: Elected representatives of the BJP, Congress and JD(S) on Sunday decided to sink their differences and fight unitedly for Karnataka’s rightful share in the Mahadayi and Kalasa-Banduri water dispute with Goa.

The meeting convened by JD(S) MLC Basavaraj Horatti here saw participation of BJP ministers Prahlad Joshi and Jagadish Shettar, Congress and JD(S) lawmakers, among others.

After a 70-minute closed door meeting, MLC Horatti told reporters that they discussed the water dispute in detail and decided to take steps based on inputs from legal and technical experts on the rightful apportioning of water. “Today, we took the first big step towards the overall development of the region, unencumbered by political divisions,” he said.

Though the air was filled with a sense of jubilation as the issue had united seemingly hostile political parties on one side, a few activists expressed disappointment that the meeting failed to set a timeline to resolve the dispute.

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News Network
July 10,2020

Bengaluru, Jul 10: Karnataka health minister B Sriramulu on Thursday said that the government is planning to increase number of COVID-19 testing labs and technicians in the state.

Speaking to news agency, Sriramulu said, "We have 72 labs where COVID-19 tests are conducted. They are under pressure with increased number of tests. When lab technicians are quarantined, it gets difficult to complete work. So we are considering to increase number of labs and technicians."

Speaking on the community transmission of COVID-19 in Bengaluru, he said, "The experts are already deliberating over the issue of community transmission. According to me the community spread has not taken place yet."

Meanwhile, Cabinet Minister Madhu Swamy said that the government is calling for foreign investment for which Boston Consulting Group (BCG) has been hired by the state government.

Speaking to the reporters after the Cabinet meeting, Swamy said, "We call for foreign investment in Karnataka for which we need an agency who has to coordinate, who has to bring outsiders in Karnataka to invest in the state. For that we have hired a company by name Boston consulting Group(BCG) we will be paying them Rs 1 crore for twelve months."

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