CM Kumaraswamy seeks Rahul's intervention as Congress, JDS differ on presenting new budget

Agencies
June 17, 2018

Bengaluru, Jun 17: In yet another sign of birth pangs in their coalition, Congress and JD(S) in Karnataka on Saturday differed on the tabling of a new full fledged budget for 2018-19.

While the Congress said there was no need for a fresh budget and insisted that a supplementary budget would do, JD(S) asserted that a fresh one was needed to demonstrate the direction of the new government.

Strongly pushing for a new budget, Chief Minister HD Kumaraswamy said he would meet Congress president Rahul Gandhi to sort out the issue soon.

Former chief minister and Chairman of the Congress-JD(S) coordination committee Siddaramaiah expressed his strong reservations over presenting a new full fledged budget, saying there was no need for such an exercise.

Siddaramaiah, who is also the Congress Legislature Party leader, said he had already tabled the budget as CM a few months ago.

"Budget has already been tabled. It is a full-fledged budget only. That's why we had taken vote on accounts for fourmonths. It will be there till July end. All the ongoing programmes and new programmes announced in the budget will continue," said Siddaramaiah.

He advised Kumaraswamy that if he wants to carry out certain projects and launch some schemes, he can bring out a supplementary budget.

Reacting to Siddaramaiah's 'suggestion', Kumaraswamy told reporters in Delhi that the new government has to demonstrate its objectives to the people.

"Whenever a new government comes to power, it needs to demonstrate what its goals are. We cannot limit ourselves to presenting supplementary budget because there are many challenges before the government."

He also said the Congress as well as the JD(S) made several promises incorporating new programmes.

"A supplementary budget would not suffice to incorporate them all," he said.

Kumaraswamy reminded Siddaramaiah about his statement in the past that if a new government takes over after the election, a new budget may be presented.

"Today Janata Dal(S) and Congress have formed a coalition government. Usually when a new government comes to power, its duty is to present the best budget and send our message to people through it," the chief minister said.

In this connection, he said, he would meet Rahul Gandhi in a day or two and sort out the matter.

Replying to a question, Kumaraswamy said, "I am not uncomfortable with my coalition government but I have become uncomfortable for my media friends."

He conceded that delay in the expansion of cabinet gave room for speculative media reports doubting the longevity of the government.

"Let us assume that there is a threat to the government as you are speculating but at least nobody can touch (this government) till the parliament elections. This is what I had said (yesterday)," he said.

"After the Congress decided to retain this governmentfor five years, it is their wish to run this coalitiongovernment not just for five years but for 10 to 15 years, just as Congress and Nationalist Congress Party (NCP) ran the coalition government in Maharashtra," he added.

Kumaraswamy appealed to the media to allow him to work and said the common minimum programme would be ready in 10 days.

Comments

Ramprasad
 - 
Sunday, 17 Jun 2018

Better to appoint sonia as advisor

Danish
 - 
Sunday, 17 Jun 2018

Guru seeking help from kid..!

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News Network
April 20,2020

Bengaluru, Apr 20: A ruckus erupted in Padarayanapura on Sunday allegedly over shifting of suspected COVID-19 persons to quarantine facility by the Bruhat Bengaluru Mahanagara Palike (BBMP) officials.

The incident occurred in the late evening at Padarayanapura which is recognized as a 'Red Zone' when BBMP officials went to bring 15 secondary contacts of corona positive patients.

However, some people and youth created ruckus and broke the barricade and removed police post which was stalled in the area.

Soon after receiving the information, Bengaluru South Deputy Commissioner of Police reached the spot and brought the situation under control.

"Lockdown continues, please remain indoors.Tomorrow will be as it was till today. We Understand your situation and appreciate your cooperation," tweeted Commissioner of Police, Bengaluru City, Bhaskar Rao.

In Karnataka, 384 people have detected positive for COVID-19, of which 14 people have succumbed to the infection, as per the Union Health Ministry.

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News Network
June 28,2020

Bengaluru, Jun 28: Former Chief Minister and senior Congress leader Siddaramaiah asked the Karnataka government to release White Paper over the state of healthcare system and the government's preparedness to address COVID-19 pandemic.

He said that the State Government to come clean on the charges of misappropriation of large sums of funds in the name of fighting the COVID-19 pandemic in the state.

"People are extremely worried about the state of our healthcare system and the government's preparedness to address pandemic. It is the responsibility of Karnataka Chief Minister to clear the doubts and reduce the panic among people. I urge the government to #ReleaseWhitePaper about the same," the Congress leader tweeted.

Siddaramaiah said that the Chief Minister should let people know about the amount of money already spent to improve healthcare facilities, the number of beds and ventilators increased and about the supply of PPE kits to COVID-19 warriors.

"Karnataka Chief Minister should also reveal the contribution of PMO India to our state. Has Karnataka Chief Minister BS Yediyurappa demanded anything from Narendra Modi? How much of PM CARES Fund is spent for Karnataka's healthcare?" he asked in another tweet.

He went on to say that PMO India and Chief Minister of Karnataka "wasted crucial time during lockdown."

"The purpose of lockdown was to fill the gaps in health care system. But they just widened it by frequently changing the protocols and by not doing adequate tests," he said.

"Karnataka Chief Minister and other departments have failed to answer my multiple queries regarding the actions taken. As a leader of opposition, it is my right to question the government on behalf of people. Deliberate act of denying information is a breach of privilege. Government hospitals have reached its capacity and private hospitals are not ready to treat patients at capped prices," he wrote.

Siddaramaiah said that the Karnataka Chief Minister should either convince private players or take action against them, and added, "Not doing both is like pushing people off the cliff."

He tweeted, "The testing rates per day have come down in last 15 days even when the cases are rising. What is stopping the government from increasing the testing? The government is putting people at risk by not testing adequately."

Further attacking the state government, he wrote, "Our state needs 9000 ventilators, but we have only 1500, PMO India has sent 90 to us. Is this a joke to Karnataka Chief Minister and PMO India? #ReleaseWhitePaper about the ways that they plan to increase ventilators."

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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