Siddaramaiah diverting Yettinahole funds, alleges HDK

March 20, 2016

Bengaluru, Mar 20: JD(S) leader H D Kumaraswamy on Saturday accused Chief Minister Siddaramaiah and Congress legislators from Kolar and Chikkaballapur of siphoning off money meant for the Yettinahole drinking water project.

hdkAddressing the JD(S) workers at the Palace Grounds, he said the government had claimed to have already spent Rs 1,800 crore on the project, but nothing had been done on ground. “Except for the pipeline-laying work, nothing has happened. Where did all the money go? A chunk of this money appears to have reached the pockets of the chief minister and the Kolar legislators,” he added.

The Congress government has been looting money in the name of development, especially the irrigation and the drinking water projects. Siddaramaiah has weakened the Karnataka Lokayukta in order to protect himself and his tainted ministerial colleagues, he said.

The money borrowed by the government for the sake of development is being misused. The same money will be used during elections in order to buy votes. This is precisely the reason why no development is happening in Bengaluru despite the government earmarking crores of rupees in the budget, he said.

Kumaraswamy charged Siddaramaiah with completely neglecting the ailing agriculture sector in the 2016-17 budget and promised to waive off all kinds of farm loans if his party was voted to power in the 2018 Assembly elections.

Comments

Rikaz
 - 
Sunday, 20 Mar 2016

Kswamy is upset he did not divert that money to his account....hopeless politicians....

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News Network
July 12,2020

Tumakuru, Jul 12: A four-year-old boy was killed by a leopard at Rajendrapur hamlet at Hasige Hobli village near Huliyurdurga in Kunigal taluk.

Police said on Sunday that this was the third such attack by big cats in the district in a span of six months.

Forest officials said that the boy had gone with his mother to wash clothes at a tank and the animal attacked him while playing there on Saturday late evening. 

A passerby who witnessed the incident scared the animal, it escaped leaving the boy’s body behind.

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News Network
March 27,2020

Bengaluru, Mar 27: India should take a cue from the UK and Italy and allow final year medical students to skip exam and bring them into the hospital system immediately to fight the war against COVID-19, noted cardiac surgeon Devi Prasad Shetty on Friday said.

The Chairman and Founder of the city-based Narayana Health said there should be some reforms in medical education like the UK and Italy.
In the UK, he noted, final year medical students have been told that they don't need to appear for the exam, and they will be given pass based on the past performance and they can get into the hospital system to fill the shortage.

Italy got 10,000 more doctors following the move to cut short the duration of MBBS by nine months, according to him.

COVID-19 battle can be only won by young doctors and young nurses. Its like a war, Shetty told PTI.

He said: Senior doctorsnone of them will be able to touch the patients because they are past the age of 50. A person who is past the age of 50 is very vulnerable himself.

This is a very contagious disease. "But we dont have that many battalion (of doctors). We need one and half lakh doctors to manage all these government
hospitals and private hospitals (to fight COVID-19)", he added.

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News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

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