CM Siddarmaiah to declare gifted luxury watch as state asset

February 25, 2016

Bengaluru, Feb 25: Under attack from the Opposition over his luxurious watch, Karnataka Chief Minister Siddarmaiah today said he would declare it as a state asset and hand it over to the government.cmwatch

"About the expensive watch I was wearing, which has been discussed almost everyday and reported in the media, I have this much to say that I will be declaring it as the state asset and deposit it with state secretariat," he told reporters here.

The controversy was fuelled by former Chief Minister H D Kumaraswamy who had claimed the diamond-studded Hublot watch was worth Rs 70 lakh and had been gifted to Siddaramaiah and that he had proof for his claims.

Siddaramaiah revealed that the expensive watch was gifted to him by his close friend (NRI) Gopal Pillai Girish Chandra Verma who visited India last July.

"The full name of the person who gifted this invaluable watch is Gopal Pillai Girish Chandra Verma. He had come to India in July last year. I know him since 1983 and whenever he visits India, he meets me," the Chief Minister said.

Siddaramaiah further clarified, "Verma gifted me the watch, even though I was not keen on accepting it. However, he insisted that I accept it and I accepted because of our long friendship but I did not know how expensive it was."

The CM said he would furnish relevant documents of the watch to the Lokayukta and Income Tax.

The Chief Minister's decision to declare the watch as a state asset comes in the backdrop of criticism from various quarters.

State BJP President and MP Prahalad Joshi had sought a probe by the Enforcement Directorate to find out the owner of the watch and whether customs duty had been paid for it.

A complaint had been filed by city-based activist S Bhaskaran with the state Lokayukta seeking Siddaramaiah's prosecution under the Prevention of Corruption Act for accepting the expensive gift and not declaring it before appropriate authorities.

Reacting to Siddaramaiah's announcement, Congress MLC V S Ugrappa, who had yesterday suggested three options including declaring the watch as a state asset, welcomed it.

Seeking to turn the tables, he asked Kumaraswamy to declare his "luxurious" assets, including cars and watches, as state asset.

Replying to a query, Ugrappa said the Chief Minister was busy with recent by-election, and Taluk and Zilla Panchayat polls and hence could not find time to come out with facts about the controversy earlier.

Kumaraswamy had argued that the Chief Minister should have come out openly the very next day the watch controversy came out in public.

Comments

Curious
 - 
Friday, 26 Feb 2016

Once During Umer rah ruling he distributed clothes to every one, after couple of days he was found wearing new kurtha and pajaama. One person stood and asked ' from the cloths which you distributed we could stitch only kurtha and was not enough for pajaama' but how it was possible to you? Umer rah replied for this question my son will answer . His son said, I gave my cloths to father to complete the set. A good lesson for every rulers.

Vaman Rai
 - 
Friday, 26 Feb 2016

state assets means his property only fooling public, corrupt politicians must be killed infront of public so that people are scared of taking bride.

Bhavya Shree
 - 
Friday, 26 Feb 2016

so many uncounted worth of crores gifts he got in the name of bribe, bribe can be called easily as a gift.. his friend is mad o what? he dont have family o what to gift him a 75lakh not even fools will gift this costly gift, siddaramaiah must be lieing.. govt should scan his every property. looted so many tax payers money i myself pay every year altogether around 6000 hard earned money to the fake govt, who cares.

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News Network
March 5,2020

Bengaluru, Mar 5: Karnataka is facing unprecedented economic difficulties following a Rs 8,887 crore reduction in the state's share in central taxes, cut in allocation under 15th finance commission and a Rs 3,000 crore hit in GST compensation, Chief Minister B S Yediyurappa indicated on Thursday.

Presenting the state budget for 2020-21 in the Assembly, he said Karnataka's share in central taxes has come down by Rs 8,887 crore in 2019-20 as per the revised budget estimates of the central government. Therefore the state's revenue resources have been reduced. Apart from this, Rs 3,000 crore GST compensation will also be reduced as collection from the GST compensation cess is not as expected, the Chief Minister said. "With all this it has become difficult to reach to reach the 2019-20 budget targets and to manage this situation within the bounds of the Karnataka Fiscal Responsibility Act, an inevitable situation has arisen this year to cut down the expenditure of many departments," he added.

As per the interim report submitted by the 15th finance commission, there is a reduction in the state's share of central taxes to 3.64 per cent compared to 4.71 per cent fixed by the 14th finance commission. In view of this, there will be a reduction of Rs 11,215 crore in the state's share of central taxes in 2020-21 budget, when compared to the previous one.

He, however, noted that the allocation recommendation of the 15th finance commission is limited to one year only and the complete report for the period 2021-22 to 2025-26 will be submitted in October 2020.

"Our government will soon submit a revised memorandum to the commission to set right the loss caused to the state with regard allocation for the year 2020-21 and give more allocation for the remaining period," the Chief Minister said. He also said, when compared to the previous year, there is an increase of approximately Rs 10,000 crore for 2020-21 with regards to government employees salary, pension and interest on government loans, but there is no proportionate increase in resources as compared to committed expenditure. "Due to this reduction of the state's share of central taxes as per the 15th finance commission report and other developments, serious difficulties are being faced in resource mobilisation efforts of the state," Yediyurappa said. "This magnitude of economic difficulties was never faced in the previous years by our state," he added.

However, the state's own tax revenue collection is excellent during this year, he said. As compared to the previous year, there is a growth of 14 per cent in State GST collection. "Based on this, in the new budget, efforts are being made to manage the reduction in the share of central taxes by stabilising the state's own resources more", the Chief Minister said.

Karnataka recorded a gross state domestic product growth rate of 7.8 per cent in 2018-19 and Yediyurappa said for the current financial year it is estimated to be 6.8 per cent.

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News Network
July 14,2020

Bengaluru, Jul 14: More than 80 Namma Metro workers have tested positive for COVID-19 in Bengaluru on Tuesday, said Yashwanth Chauhan BL, public relations officer of Namma Metro.

"All safety and treatment protocols would be followed at the camps," he added.

These workers were staying in a camp near Nagavara-Gottigere lane, reach-6 of phase two. More than 200 contract workers of Larsen and Toubro who had come from different states have been tested after a labourer complained of fever.

All coronavirus positive workers were shifted to a COVID care centre while others were kept in isolation as per the guidelines.

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News Network
July 13,2020

Bengaluru, July 13: The results of the recently concluded II PUC examinations in Karnataka will be announced tomorrow, Tuesday, July 14, at 11:30 am.

The results, according to Primary and Secondary Education minister S Suresh Kumar, will be sent in the form of SMS-es to the registered mobile numbers of the students by 11:30 am.

Over 6.5 lakh students had appeared for the II PUC exams. 

Even though examinations for most of the subjects was completed in March, students had to wait close to three months, due to nationwide lockdown, to appear for the last exam -- for English -- which was held on 18th June.

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