Cong, JDS gear up for coordination panel meeting amid fears of operation Kamala

coastaldigest.com news network
December 4, 2018

Bengaluru, Dec 4: The coordination committee meeting of Congress-JD(S) coalition government in Karnataka will be held tomorrow (December 5) under the chairmanship of former Chief Minister Siddaramaiah.

The meeting assumes significance amidst fresh attempts of Operation Kamala by Bharatiya Janata Party. However, the main agenda is expected to be the discussion on long pending cabinet expansion. Congress has 6 Ministers post to be filled as per understanding and JD(S) has to fill one post.

Among other issues which are likely to be raised in the meeting include complaints by Congress legislators regarding decreased outlay for their constituency by Chief Minister H D Kumaraswamy who also holds finance portfolio.

The issue on continuation of Congress-JDS coordination for the Lok Sabha 2019 election is also likely to come up during the meeting.

Meanwhile, Siddaramaiah has accused the BJP of destabilising the government. “We have information that MLAs are offered Rs 25 crore to join the BJP. Where does the money come for peration Kamala (Lotus)? Whose money is it?” he asked while speaking to reporters.

“The BJP had made a futile attempt to come to power in the past. One needs to accept the fact that they do not have the majority. They should be ashamed to say that they will destabilise the government. They (BJP) will not be successful in destabilising the coalition government in the state,” he said.

Comments

Sandesh Shetty
 - 
Tuesday, 4 Dec 2018

BJP spoiling dignity and value of democracy.. They are making it demoCRAZY with bunch of goons

Mohan
 - 
Tuesday, 4 Dec 2018

Yeddy and his Kamala team working hard to sack leaders. Dirty politics..

Unknown
 - 
Tuesday, 4 Dec 2018

Jarkiholi became lotus with op Kamala

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coastaldiget.com web desk
June 18,2020

Amidst heightened border tensions between Indian and China, senior BJP leader and Madhya Pradesh Chief Minister Shivraj Singh Chouhan's two year old tweet comparing his party with Communist Party of China started going viral. 

The tweet, dated 26 June, 2016 reads: "Communist Party of China & BJP have done numerous works in social field. This way, there is tremendous similarities between the two parties." (sic)

Twitterati dug up this tweet after over 20 Indian Army personnel, including a colonel, were killed in a clash with Chinese troops in the Galwan Valley in eastern Ladakh earlier this week.

Soon after Chouhan's tweet went viral, netizens took to the micro-blogging site and slammed BJP. One user said, "Interesting comment by Hindutva ITSELF to recognise how similar they are with China. No doubt. Both believe in Dragon Throne .... and brutal absolute control." Another user said, "No wonder the BJP & China both agree that PLA never crossed into Indian territory."

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News Network
February 17,2020

Abu Dhabi, Feb 17: NMC Health Plc, a hospital operator targeted by short-seller Muddy Waters, said founder Bavaguthu Raghuram Shetty resigned amid investor concern he faced a margin call and misrepresented his stake.

The board asked for Co-Chairman Shetty’s resignation and it takes effect immediately, according to a person with knowledge of the situation. NMC has lost four board members since Friday, including Vice Chairman Khaleefa Butti, whose holdings are also being probed. The stock, the worst performer on the FTSE-100 Index this year, fell as much as 9.2 percent Monday morning and then rebounded.

“The resignation of senior board members should be viewed positively,” said Abdulla Nahlawi, an analyst at Rasmala Investment Bank in Dubai. “The credibility of the current board has been jeopardized with the unfolding of the recent events.”

NMC shares lost almost half their value the first week of February on speculation the company’s main investors faced a margin call, in which banks seize shares pledged as collateral. NMC said Friday that First Abu Dhabi Bank and Al Salam Bank Bahrain obtained 20 million shares in the company from BRS International Holding, an investment vehicle of NMC’s top shareholders. The banks sold more than 8 million of those shares as “enforcement of security,” NMC said.

NMC operates the largest medical network in the United Arab Emirates and in 2012 became the first Abu Dhabi company to list in London. The shares started teetering in mid-December when Muddy Waters alleged that NMC manipulated its balance sheet and inflated the prices of companies it acquired.

Shetty, 77, was born in India and founded NMC in the 1970s after moving to Abu Dhabi. His spokesman said a legal review of the situation is ongoing and declined further comment.

Chief Investment Officer Hani Buttikhi and board member Abdulrahman Basaddiq also stepped down because they were appointees of Shetty and Butti, NMC said, adding that they had no knowledge of the share transfers.

Questions remain over the role of Shetty’s family at the company. His wife and son-in-law both hold roles in senior management.

Almost 10 per cent of NMC’s freely traded shares are shorted, according to Markit Securities data. In mid-December about a third of them were.

Last week GKSD Investment, an investment company backed by hospital investors, said it’s studying a possible offer for NMC. Under U.K. takeover rules, it has until March 9 to make a bid.

NMC has said Muddy Waters’s claims are false and the company hired former FBI Director Louis Freeh to conduct an independent review. The review is due to be completed before the company issues its financial results in March, the person said.

NMC said Mark Tompkins will continue as the company’s sole chairman.

Comments

sunita kejriwal
 - 
Monday, 17 Feb 2020

BRS could not fool all the people all the time!

 

Bhakth
 - 
Monday, 17 Feb 2020

Illegal way of earning will not last for long. 

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News Network
January 1,2020

Udupi, Jan 1: A 53-year-old Journalist of a Mangalore-based media house was found dead at his flat in Manipal on Tuesday.

The deceased has been identified as Rohit Raj (53), a resident of Pandeshwar Mangaluru.

According to the Manipal police, on December 31, Rohit Raj had attended a New Year party celebration at Kadiyali, Udupi along with his wife.

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