Another Maha minister faces irregularities charge in contract

June 30, 2015

Mumbai, Jun 30: In fresh trouble for the BJP-led Government in Maharashtra, Education Minister Vinod Tawde is facing allegations of irregularities in connection with awarding of a Rs 191 crore contract without inviting tenders, a charge denied by him.

irregularitiesThe fresh allegation against a Maharashtra minister comes close on the heels of a similar charge against Women and Child Welfare Minister Pankaja Munde.

The Finance Department has sought a probe into the irregularties pertaining to a contract awarded by the School Education Department for buying fire extinguishers without e-tendering for Zilla Parishad schools across the state.

The contract, cleared by Tawde, has been put on hold after the Finance Department objected to it.

Tawde, a high profile BJP member in the Devendra Fadnavis cabinet, refuted the allegation as did Munde last week about charges hurled at her by the Opposition Congress.

"Not a single rupee has been paid to contractors. We stopped the order immediately after the Finance Department raised objections," Tawde told reporters today.

On February 11, the department issued a government resolution authorising the office of the Education Director (Primary) to enter into a rate contract for supply of 62,105 fire extinguishers for Zilla Parishad schools across the state.

Each fire extinguisher was to be procured at a price of Rs 8,321 and each school was to be provided three pieces.

Meanwhile, top BJP ministers in the Devendra Fadnavis-led government in Maharashtra today rushed to defend Tawde, who maintained that there was no wrongdoing on his part in the alleged Rs 191 crore scam.

At a hurriedly convened press conference here this afternoon, Tawde was flanked by Finance Minister Sudhir Mungantiwar and Co-operatives minister Chandrakant Patil.

"The Opposition is making a mountain out of mole hill," Mungantiwar said.

Tawde told reporters that he was complying with a Supreme Court order on providing fire-fighting equipment for schools.

"Our Education department budget for the purpose is Rs 18 crore but there are allegations of a Rs 191 crore scam," Tawde said.

"I (the department) had Rs 18 crore. I could have easily purchased equipment worth that amount. If I were to comply with the SC order, I would have needed Rs 191 crore. I asked Finance Department what should I do?

"There was already a provision of Rs 18 crore made by earlier Congress government for purchase of fire-fighting equipment in schools," Tawde said.

"Had we wanted, we could have ordered equipment based on that provision.

However, we approached the finance department, asking about providing the equipment to all the schools. That amount came to Rs 191 crore. That is what is being referred as the 'Rs 191 crore scam' despite the fact that not a single rupee has been given to anyone," Tawde said.

About Rs 6-crore worth equipment was delivered, however, no money has been paid to contractors, Tawde said.

Referring to the controversy in media, Patil said, "If there are such baseless allegations, we won't do such essential things (procure equipment) even if there is contempt of court".

"Then Congress government had decided to order fire extinguishers through rate contract after over 100 students were killed in a Chennai school fire and the Supreme Court had stipulated that firefighting equipment should be installed in schools," he said.

Mungantiwar said the media reports of the scam are baseless and without any documentary proof.

"I must thank the Education minister that he closed the file immediately. Not a single rupee was given," he said.

Such allegations cannot be made without political conspiracy. There is a dirty political conspiracy in this matter, he alleged.

"How can there be a scam when no purchase has been made," he added.

Patil said Mungantiwar will be the Maharashtra ministry spokesperson and will interact with media.

Earlier, Munde, daughter of BJP stalwart late Gopinath Munde, had allegedly cleared contracts for a host of items including snacks worth a whopping Rs 206 crore under Integrated Child Development Scheme, without inviting tenders.

The contract was cleared on a single day through 24 government resolutions, allegedly flouting the e-tender norm put in place by the Fadnavis Government itself.

Dubbing it as a 'mega scam', Congress has approached the Anti Corruption Bureau (ACB) seeking a thorough probe into it.

Chief Minister Fadnavis, however, stood by Munde and dared the opposition to come out with tangible proof to substantiate the charge instead of creating a smokescreen.

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News Network
February 11,2020

New Delhi, Feb 11: As the counting of votes for the Delhi Assembly polls began, Congress leader Digvijaya Singh on Tuesday raised doubts on EVMs, alleging that no machine having a chip is tamper-proof.

He called upon the Election Commission and the Supreme Court to take a fresh look at the use of EVMs in the country.

"No machine (which) has a chip is tamper-proof. Also please do for a moment think, why no developed country uses EVM," Singh said in a tweet.

"Would CEC and Hon Supreme Court please have a fresh look on EVM voting in India? We are the largest democracy in the world, we can't allow some unscrupulous people to hack results and steal the mandate of 1.3 billion people.

"If they match the votes in the counting unit. Declare the result. If they don't match then count the ballots of all polling booths in the assembly. It would convince everyone and save time also as this has been the consistent argument of CEC in favour of EVM," the Congress leader said.

Polling for the 70-member Delhi Assembly polls was held on Saturday.

The Election Commission on Sunday announced that the final voter turnout was 62.59 per cent, five per cent less than 2015.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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News Network
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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