Cong struggles to finalise candidate for Shivajinagar; BJP mulls fielding Roshan Baig’s kin

Agencies
October 1, 2019

Bengaluru, Oct 1: With the announcement of dates for by-polls to 15 Karnataka Assembly seats, Congress and the BJP seem to be struggling to find a suitable candidate for the Shivajinagar Vidhan Sabha seat.

Bypolls to the Muslim dominated constituency, which has close to 1.9 lakh voters was necessitated after the resignation of former Congress leader R Roshan Baig. People in the constituency were affected in the IMA multi-crore Ponzi scam.

The party is struggling with internal rivalry as party leaders Dinesh Gundu Rao and Siddaramaiah are in favour of fielding MLC Rizwan Arshad, from the constituency. Arshad had fought and lost the Lok Sabha election on a Congress ticket from Bangalore Central.

However, others are against him as they believe his links with the IMA Ponzi scam makes him an unsuitable candidate.

Senior Congress leader BK Hariprasad said, "The candidate can be from any religion or community but the only demand we have that is his name should not be linked with the IMA Ponzi scam in any way."

Other leaders in the party are vouching for Saleem Ahmad, who although fairly new to the constituency has a clean image.

Meanwhile, BJP too is likely to field Roshan Baig's son Ruman Baig or his kin as the candidate, whose name has been linked with the IMA Ponzi scam.

A senior BJP leader, on conditions of anonymity, too voiced concerns over Baig or his family members being given a ticket and added, "We are trying to satisfy Roshan Baig's ego by giving the ticket to that tainted family. But this will definitely damage the party in Shivajinagar constituency."

A fruit merchant from Shivajinagar, Idis Chaudhary, highlighting the dilemma the voters will face during the by-elections said, "We are very much worried about candidates but we do not have any choice. We will have to choose one among them. The point is whom should we choose more, the more tainted one or less tainted one?"

The Congress too is being urged by its senior leaders to field a non-Muslim name from Shivajinagar, who is not connected in any manner to the multi-crore ponzi scam that had rocked the city in the past month.

The name of BR Naidu, a former corporator election candidate is being presented as an alternative to Roshan Baig in the political circles.

Naidu, had once been a follower of Baig but distanced himself from him once the news of his alleged involvement in the IMA Ponzi scam broke.

The CBI is investigating allegations of IMA cheating 40,000 investors by promising high returns using Islamic ways of investment.

IMA founder Mohammed Mansoor Khan had fled the country but was later arrested on his arrival from Dubai in July this year. The SIT had later handed over the investigation to the CBI.

The CBI has already filed a charge sheet against Mansoor and 19 others in the alleged multi-crore ponzi scam case. The charge sheet was filed against Mansoor, seven of the company's directors, five members, one auditor and five companies related to IMA group for cheating, criminal conspiracy and breach of trust under relevant sections of the IPC in a court here on September 7.

The scam came to light in June this year after the prime accused, Mansoor, fled the country, leaving behind an audio message, in which he threatened to commit suicide due to alleged 'harassment' by some politicians and goons.

Comments

SAM
 - 
Wednesday, 2 Oct 2019

Throw the Beigh family to dump yard for chearing Congress party and community and joining communal party. He doesn't deserve to be called a leader, such a cheater  to be thrown out even from the community.  I think public of the constituency teach him and his family a befitting lesson.

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News Network
June 11,2020

Mangaluru, Jun 11: Amid rising COVID-19 cases in the district, the officials of Pilikula Zoological Park are also following quarantine policies for animals similar to those for people arriving in the state from other places.

Zoo officials said that these rules apply only for animals that are brought from other locations.

The officials are keeping animals brought in a separate room for one to two months and their health is monitored by expert Doctors. If there are no symptoms of any diseases, the animals will be clubbed with other Zoo animals.

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Agencies
June 26,2020

New Delhi, Jun 26: With looming uncertainty and no likelihood of an early economic recovery in sight, the bull run in gold prices is here to stay. Analysts expect domestic futures to touch ₹ 52,000 per 10 grams in the next few months, till Diwali.

Experts also predict that with the current trend, gold may reach historic levels around ₹ 65,000 per 10 grams in two years time.

Futures of the yellow metal have touched new highs in India off late. On Wednesday, the August contract of gold futures on the Multi-Commodity Exchange (MCX) touched an all-time high of Rs 48,589 per 10 grams.

It has, however corrected since and is currently trading at ₹ 48,057 on the MCX, higher by ₹ 116 or 0.24 per cent from its previous close.

Market experts are of the view that both domestic and international gold prices are yet not done breaching records and will touch new highs in days to come.

The resurgence in the number of new cases of coronavirus infection across the globe has added to the uncertainty and fears.

Speaking to media persons, Anuj Gupta, DVP for Commodities and Currencies Research at Angel Broking, noted: "In short term we are expecting it to reach ₹ 48,800-49,000 and for long term, we are expecting ₹ 51,000-Rs 52,000 till Diwali."

On the prices in the international market, he said that it may reach around $1,790 per ounce in the near term from the current levels of $1,762 and the long term, it is likely to be around $1,820-1,850 per ounce.

Gupta noted that with International Monetary Fund's (IMF) latest downward revision of economic outlook, both global and of India, and the rising number of cases and high demand by gold exchange traded funds (ETF) have led to this record breaking rise in gold prices.

Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, according to the IMF and the global output is projected to decline by 4.9 per cent in 2020, 1.9 percentage points below the IMF's April forecast.

Hareesh V, Head of Commodity Research at Geojit Financial Services, said that gold's safe haven appeal will remain on the higher side as there is little hope of a quick global economic recovery amid rising virus cases across the world.

"Increased geopolitical instability and an under-performing dollar also lift the metal's sentiments," he added.

According to Prathamesh Mallya, AVP Research, Non-Agro Commodities & Currencies at Angel Broking, said that with the global output to contract and the economies in a deeper recession than most anticipate, gold as an asset class is a safe bet for investors across the globe.

"Although, the physical demand has declined drastically due to the restrictions and lockdowns, the activity of global central banks and their net purchases of gold signal that uncertainty will continue for most of 2020," he said.

He was also of the view that in the international market price of the metal may move towards $1,850 per ounce and in the domestic market it is likely to move higher towards Rs 50,000 per 10 grams.

"The investment demand as seen in the net additions of ETF holdings also signals that gold will shine for a much longer time even if the pandemic is under control. Till then, keep buying gold, if not in physical form, but in digital form," Mallya added.

Industry insiders like Aditya Pethe, Director, WHP Jewellers said: "I basically feel that the current trend for the gold is bullish and for the coming next 2 years, it is likely to move upwards. No one can predict the exact price as currently the trend is on rise but it might change after 6 months. In general for the coming 6 months to one year, the gold prices are likely to cross $2,000 which comes to roughly Rs 55,000. For a temporary moment it may reduce, basically fluctuate as well but overall trend of gold is going to be bullish."

On his part, Ishu Datwani, Founder, Anmol Jewellers said: "Yes - it's very likely that the gold price could easily go up to Rs 60,000-Rs 65,000 in the next two years. There is also a possibility of it going up even more."

"A lot of banks have been buying gold and there is also a possibility that the Indian rupee will depreciate against the dollar. This and geopolitical reasons will cause bullishness in gold."

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Agencies
January 24,2020

Indore, Jan 24: Bharatiya Janata Party (BJP) leader Kailash Vijayvargiya on Thursday said that he suspected that there were some Bangladeshis among construction labourers who worked at his house recently.

Their “strange” eating habits aroused suspicion about their nationality, the BJP general secretary said at a seminar in support of the Citizenship Amendment Act (CAA) here.

When a new room was being added at his house recently, he found “eating habits” of some of the workers “strange” as “they were eating only `poha’ (flattened rice)”, he said.

After talking to their supervisor and the building contractor, he suspected that these workers were from Bangladesh, the BJP leader said.

When reporters questioned him later, Vijayvargiya said, “I suspected these workers were residents of Bangladesh. Two days after I became suspicious, they stopped working at my house. I have not filed any police complaint yet. I only mentioned this incident to warn people,” he said.

Speaking at the seminar, Vijayvargiya also claimed that a Bangladeshi terrorist was keeping a watch on him for the last one and a half years.

“Whenever I go out, six armed security personnel follow me. What is happening in this country? Will outside people enter and spread so much terror?” he asked.

“Don’t get confused by rumours. The CAA is in the interest of the country. This law will provide asylum to genuine refugees and identify intruders who are a threat to the country’s internal security,” he added.

Comments

Well Wisher
 - 
Sunday, 26 Jan 2020

Koopa Mandooka. illeterates. Do not bother about them.

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