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 !

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 8,2020

Bengaluru, Jun 8: The Janata Dal (Secular) on Monday announced that former Prime Minister HD Deve Gowda has decided to contest the forthcoming Rajya Sabha elections.

"Former Prime Minister HD Deve Gowda has decided to contest the Rajya Sabha elections at the request of our party legislators, Congress President Sonia Gandhi and many other leaders of the country. Tomorrow, he will be filing nomination for the election. Thanks to the former PM for agreeing to everyone's consensus," JDS leader HD Kumaraswamy said.

The elections to fill the vacant 18 Rajya Sabha seats from seven states are scheduled to be held on June 19.

Four Rajya Sabha seats are up for grabs in the state, Congress has already nominated senior leader Mallikarjun Kharge as its candidate.

The ruling BJP will field candidates for two seats.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
coastaldigest.com news network
May 21,2020

Mangaluru, May 21: The coastal district of Dakshina Kannada today recorded six fresh covid-19 positive cases. With this the total cases reported in the district so far rose to 61.

It is learnt that all the six new covid-19 patients are those who had returned to Mangaluru from Dubai on May 18. 

Al the six patients are male. Among them two people aged 44 years and three others aged 35, 42, 60 are residents of Dakshina Kannada. Another one is 29-year-old from Kalaburagi. 

They were under institutional quarantine after their return. After their throat swab tests confirmed the disease, they were shifted to covid-19 hospital in the city.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.