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Cong, BJP in war of words on Amit Shah’s claim on Central funds to Karnataka

Agencies
February 3, 2018

Bengaluru, Feb 3: On the eve of Prime Minister Narendra Modi's visit here,a war of words ensued today between ruling Congress and opposition BJP over the latter's national president Amit Shah's claim that the Centre gave Karnataka more than Rs three lakh crore under various schemes.

Addressing a press conference, Congress working president Dinesh Gundu Rao and Karnataka agriculture minister Krishna Byregowda termed Amit Shahs statements "as nothing but lies." "BJP has only.... half-truths to offer to the people of Karnataka.

The money given to the state has been likened to largesse.BJP speaks as though the money it devolves to states is a gift or a handout, while in reality all states are constitutionally entitled to this amount," said Rao.

He alleged that Shah and other BJP leaders have been employing 'less than respectful tactics' in a bid to see the Lotus bloom in the south once again. "The people of Karnataka have seen the manner in which the BJP government plundered the state during its term from 2009 to 2013," he added. Byregowda said Karnataka received Rs 10,533 crore less than what it is entitled for.

"We know that you (Prime Minister) wont give us Rs 3 lakh crore tomorrow... at least you have to release the shortfall in the grants towards Karnataka," he said. He said this money was Karnataka's right and that the shortfall was a dent in the state's grants. "You not only have to issue a clarification on this issue, you also have to release the grants.

This will make us accept that you have respect for the Constitution," he added. Reacting to this, BJP state president B S Yeddyurappa hit out at Congress, saying that the party was lying with regard to grants in order to hide its 'inability'.

He said the NDA government increased the Central grants, including those by the 14th Finance Commission,by 42 per cent. "The Modi government doubled the central grants allocated by the previous UPA government," Yeddyurappa said.

Comments

Parson
 - 
Monday, 5 Feb 2018

Amit Shah, from where did you get to become politician? What do you know about finance? You can only fill your pocket. Its same as your foolish FM who is lawyer is running the budget which has been failed. Yes We Kannadigas pay more tax compare to any state. Why cant central govt release the funds which has to be given betterment of our state??? As Ex-RBI Governor said was so true..Desh ko bech diya !

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News Network
July 26,2020

Bengaluru, Jul 26: A year-long probe by Coffee Day Enterprises Ltd (CDEL) has found that its late founder V G Siddhartha routed Rs 2,693 crore out of the company to Mysore Amalgamated Coffee Estates Ltd (MACEL), another privately-owned entity of him.

The MACEL owes Rs 3,535 crore to subsidiaries of Coffee Day Enterprises as of July 31, 2019 of which only Rs 842 crore was accounted.

"Therefore, a sum of Rs 2,693 crore is the incremental outstanding that needs to be addressed," said the report of an investigation headed by Ashok Kumar Malhotra, a retired DIG of Central Bureau of Investigation (CBI) and assisted by law firm Agastya Agastya Legal.

Siddhartha was found dead in early August 2019, and many suspected that he had committed suicide.

Steps are being taken by subsidiaries of CDEL for recovery of dues from MACEL, the company said.

"The board authorised the Chairman to appoint an ex-judge of the Supreme Court or the High Court, or any other person of eminence, to suggest and oversee actions for recovery of the dues from MACEL and to help on any other associated matters," it said in regulatory filings at stock exchanges late on Friday.

The probe further gives clean chits to the Income Tax Department and the private equity firms who Siddhartha in his parting letter had alleged of harassment.

"We have not been provided with any documentary evidence to draw an inference that there may have been any advertent or inadvertent harassment from the Income Tax Department," said the probe report.

The probe also highlighted severe liquidity crunch at CDEL in the build-up to Siddhartha's death.

A committee supported by senior professionals was formed to protect the interest of all stakeholders. CDEL said the debt levels which were about Rs 7,200 crore on March 31, 2019 have been brought down significantly by Rs 4,000 crore. The present debt of the group is around Rs 3,200 crore.

"The disinvestment process in the group continues and we are confident to have effective solution to all stakeholders," it said.

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News Network
February 17,2020

Mandya, Feb 17: About 40 passengers were injured in a collision between a KSRTC bus and a tipper lorry near Srirangapatna in the district on Monday.

Police said that the incident occurred when the bus was stopped to allow passengers to alight when the tipper lorry rammed against the bus.

The victims have been admitted to the Taluk hospital and the severely injured have been shifted to a hospital in Mysuru.

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News Network
April 15,2020

Bengaluru, Apr 15: Karnataka government will explore Ayurveda for fighting the deadly COVID-19, Ayurveda practitioner Dr Giridhar Kaje said here on Wednesday.

After meeting the Chief Minister, Dr Kaje informed media that on a trial basis, ten Coronavirus patients will be administered Ayurvedic treatment in a designated hospital.

Chief Minister B S Yediyurappa has consulted senior doctors on the issue, he said.

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