‘Congress hasn't learned any lesson yet,' says party leader from Karnataka

Agencies
June 8, 2019

Mandya, Jun 8: Amidst ongoing political slugfest in Karnataka, senior Congress leader N Cheluvarayaswamy on Friday said hid has not learned any lesson even after the recently held Assembly polls.

"The Congress party, which has been in coalition with the JD(S) hasn't learned any lesson even after the recently-held Lok Sabha election and the party will have to pay if it decides continue ties with JD(S)," said Cheluvarayaswamy.

The former JD(S) leader, who joined the Congress a year ago, said, "Whatever the party decides, I will obey and respect its decision. However, it is a very difficult phase for the Congress and the leaders have to decide accordingly to fix it. There is no future with JD(S) in the state and some of us are convinced by the fact that the situation has remained the same since the coalition."

"The people of Karnataka have already taught JD(S) a lesson in the recently held Lok Sabha election and the HD Kumaraswamy-led government hasn't learned a lesson yet. If Congress continues to support JD(S), it will lose its path in Karnataka. However, everyone is waiting for the party's decision to come," he added.

The JD(S)-Congress coalition, which is in power in the state, went through a rough patch during the campaigning of the recently concluded elections.

Tensions between the two parties benefited the BJP which won 25 of the 28 Lok Sabha seats in Karnataka while both the JD(S) and the Congress had to content itself with just one seat each. However, the Karnataka Congress unit had said that there was no threat to the coalition in the state.

Congress has 79 MLAs while JD(S) has 37 MLAs in the coalition government holding power in the state.

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News Network
April 20,2020

Bengaluru, Apr 20: Close on the heels of the Padarayanapura vandalism, Karnataka Cabinet on Monday decided to promulgate an ordinance that gives special powers to implementing authority and also provide protection to frontline health workers.

Briefing media after the Cabinet meeting here, Minister for Law J C Madhuswamy said that the ordinance will be on the lines of one promulgated by Kerala and Uttar Pradesh governments.

“Through the ordinance, a State Epidemic Act will be enacted to protect health workers and any non-cooperation will be punishable. Also, any attempt to deliberately spread the disease or float rumours will attract action,” he added.

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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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News Network
February 13,2020

Mangaluru, Feb 13: A college student was killed when a bullet tanker knocked his motorbike down near Nanthoor Circle in the city today. 

The deceased has been identified as Karthik Malya, a resident of Mannegudda. He was a final year degree student of Besant College in the city. 

The incident took place when Karthik was from Suratkal to Mangaluru. The bullet tanker reportedly hit the two-wheeler from behind and ran over him. He died on the spot.

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