Another jolt to coalition govt as Congress MLA Anand Singh announces resignation

News Network
July 1, 2019

Bengaluru, Jul 1: In a major blow to the 13-month-old JD(S)-Congress coalition government, Congress MLA from Vijayanagar Anand Singh on Monday announced his decision to resign amid speculation that Opposition BJP has renewed its efforts to poach rival party legislators to topple the government.

Singh, who was recently upset with the coalition government’s move to give away 3,667 acres of land to JSW Steel in Ballari, also met Governor Vajubhai Vala and appraised him on his decision. “I have resigned. I am meeting the Governor to inform him about my decision,” Singh told reporters.

Speculation was rife in the political circles that more than half a dozen disgruntled Congress and JD(S) MLAs will follow suit. Many of the Congress and the JD(S) MLAs are upset with their parties for not making them ministers.

The development has come at a time when Chief Minister H D Kumaraswamy is away in the US on a private visit. Kumaraswamy is expected to return to Bengaluru on July 6.

‘Not received’

Meanwhile, Karnataka Legislative Assembly Speaker Ramesh Kumar today denied having received Resignation letter from Congress MLA Anand Singh, who claimed to have tendered his resignation to the assembly seat.

"I have not received Resignation from any Legislator belonging either to Congress or JDS--Coalition partners of the Karnataka Government headed by Chief Minister H D Kumaraswamy," he added.

Talking to newsmen here on Monday, Ramesh Kumar said that "I am staying in a rented House and I don’t know to whom he (Anand Singh) has given his resignation letter. I am not aware about he tendering his resignation."

Comments

kumar
 - 
Wednesday, 3 Jul 2019

These are selfish people who are after money only.   MLAs leaving Congress to BJP are not human.  they are after money only.  Money is their belief and religion.   They are as if traitors and anti nationals.   They are cheaters also.   they beg for public vote in the name of one party and after getting elected they are looking for another party who offers them money.   Public should take note of such monkeys and should never vote them again and such poepl should be taught good lesson whenever they approach public for vote.    I wish public should make their head bald and make them sit on ass and run in the streets.  

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News Network
February 13,2020

New Delhi, Feb 13: Ashoka Buildcon on Thursday said it has emerged as the lower bidder for a highway project worth Rs 1,035.5 crore in Karnataka.

The project entails four laning of a section of NH-206 in the state.

Ashoka Buildcon had submitted its bid to National Highways Authority of India for the project to be built on hybrid annuity mode under Bharatmala Pariyojana, it said in a BSE filing.

"The company emerged as the lowest bidder at the financial bid opening meeting held on February 13," Ashoka Buildcon said.

The quoted bid project cost for the project is Rs 1,035.50 crore, it added.

The company's stock was trading at Rs 103.05, down 2.78 per cent, on the BSE.

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coastaldigest.com news network
May 25,2020

Bengaluru, May 25: With the reporting of 93 more fresh cases of COVID-19, the total number of pandemic cases were surged to 2182 in Karnataka on Monday.

According to official sources, highest number of new cases of COVID-19 pandemic, were reported from Udupi (32), Kalaburagi (16), Yadagiri (15), Bengaluru Urban (08), Dakshina Kannada (04) in the last 24-hours in the state.

The fresh cases were also reported form Mandya, Belagavi, Ramanagara, Vijayapura, Kolara, Ballari and Dharwada district.

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coastaldigest.com news network
May 27,2020

Abu Dhabi-based NMC Healthcare has reportedly received bids to sell its distribution unit and will soon be selling it to different parties.

The development comes over three months after NMC Healthcare’s founder and then-chairman B R Shetty stepped down amid allegations of massive fraud. 

The company, which recently laid off hundreds of workers, is offloading stake in the subsidiary as it is considered non-core and requires substantially high working capital to run the operations. In addition, this stake sale will help the company pay off some of its debt

"There are parties who have strong interest in the distribution business. NMC will be offloading the unit soon and that also to different parties," a source said.

"The company is in the process of exploring options for NMC Trading, the group's distribution business, which it has determined to be non-core and requiring substantial levels of working capital. The process should not materially adversely impact distributors' activities, nor NMC Trading's customers," an NMC Healthcare spokeswoman said.

The UK-court has appointed Alvarez & Marsal as administrator to oversee the operations of the debt-ridden hospital operator. The healthcare firm has been caught in a whirlpool of $6.6 billion debt while its senior former high management team is under investigation for financial irregularities.

The UAE Central Bank has direct local banks to freeze all bank accounts of NMC founder BR Shetty and his family members as well as accounts of those companies where he has a stake. The Central Bank move is subsequent to a criminal complaint filed by Abu Dhabi Commercial Bank, which has the largest exposure to NMC Healthcare, amounting Dh3 billion.

As the company faces financial difficulties, Reuters reported that NMC Health delayed May staff salaries and now expects to complete making payments by the first week of June.

The spokeswoman said: "The company has been in regular dialogue with its creditor constituencies through various creditor committees, including the direct bank lenders to its NMC Trading businesses."

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