Congress ready to join hands with JD(S) in hung Panchayats

February 24, 2016

Bengaluru, Feb 24: With none of the parties getting majority in 11 of the 30 Zilla Panchayats (ZP) and several of Taluk Panchayats (TPs), the ruling Congress on Tuesday said it was ready to join hands with the JD(S) to hold the reins of power.

congSpeaking to reporters, KPCC president G Parameshwara said possibility of an alliance depends on the willingness on part of the JD(S) to cooperate with the Congress. Chief Minister Siddaramaiah and himself will soon hold a discussion and chalk out a broad framework of the alliance, he added.

None of the three major political parties of the Congress, the BJP and the JD(S) has been able to get a clear majority in 11 ZPs. As a result, the JD(S) is in demand in a majority of these ZPs. Mysuru, Kolar, Tumakuru, Shivamogga, Dharwad, Raichur, Bengaluru Urban, Yadgir, Bagalkot, Vijayapura and Belagavi are the hung ZPs.

The Congress and the JD(S) joining hands to hold the reins of power in ZPs and TPs is nothing new in the State. The two parties had formed an alliance after the 2011 panchayat polls and controlled the administration of many ZPs and TPs, including Bengaluru Urban ZP, which had got hung results.

The two parties are currently holding the reins of administration in Bruhat Bangalore Mahanagara Palike by forming an alliance.

Parameshwara said the final decision to form an alliance with the JD(S) will be left to the local leaders. The respective district incharge minister, party legislators and senior leaders will take a decision after looking into the pros and cons of an alliance.

Cabinet rejig

Though Parameshwara did not rule out the possibility of revamping the State council of ministers, he said the decision in this regard was left to the Chief Minister.

“As the State party president, I have not yet discussed about revamping the council of ministers with the chief minister. It is left to the discretion of the chief minister,” he added.
Asked about the Congress failing to win the ZP of his home district Tumakuru, he admitted that the party should have done better there. The Congress has faced defeat even in Koratagere, which Parameshwara used to represent. Of the four ZP seats in Koratagere, the Congress has won only one.

The JD(S), however, is playing the card close to its chest. The party leaders, JD(S) national president H D Deve Gowda and State president H D Kumaraswamy, chose not speak on the Congress' offer for an alliance.

Dist leaders to take call on pact: BJP

State BJP?president Pralhad Joshi has described the results of the taluk and zilla panchayat as “inspiring” for the party. He said that the party would leave it to the district leaders on taking support from like-minded candidates for gaining power at zilla and taluk panchayats, reports DHNS from New Delhi.

“Though the party has won more seats in several places, still it is short of numbers for the formation of the local body. In such cases, the party has asked the local leaders to take decision on their own to form alliance with like-minded party or seek help from independent candidates,”he said. He said the results proved that the people of Karnataka have rejected the administration of the Siddaramaiah-led government.

Break-up of seats in 30 zilla panchayats

Congress secured a majority in 10 ZPs, the BJP?in seven and the JD(S)?managed to wrest control of two ZPs. Hung verdict was witnessed in as many as 11 of the 30 ZPs which went to polls in two phases earlier this month. Election to the posts of the president and the vice president decides the ruling party in the panchayat body. If two candidates secure an equal number of votes - which is possible in places where two parties have equal strength - the winner will be decided through a draw of lots.

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Premanatha
 - 
Wednesday, 24 Feb 2016

Congratulation Radhika Kumaraswamy :)

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News Network
April 25,2020

Kalaburagi, Apr 25: In order to make people aware about the precautionary steps required to be taken in order to contain the spread of coronavirus, Muslim clerics here are making announcements from mosques after 'Azaan' urging people to follow the government guidelines to keep infection at bay.

Speaking to news agency, Ateeq Ur Rahman Ashrafi, All India Imams Council Karnataka's state president, said, "Under our council, there are around 80 mosques and after Azaan we are spreading awareness about COVID-19. I also appeal to other mosques to make such announcements and follow government guidelines."

This year, due to the spread of the virus, Muslim clerics have requested people to offer prayers inside their homes and avoid any kind of social gathering.

The country is under lockdown till May 3. All religious places including mosques have been closed to stop the transmission of the highly contagious virus.

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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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News Network
April 18,2020

Mangaluru, Apr 18: Three people, including a woman, who were being treated at the city's Wenlock Hospital have been discharged after they recovered from Novel Coronavirus (COVID-19).

With this, a total of 12 people who had tested positive for the virus until Thursday have been discharged from various hospitals in Dakshina Kannada.

A 39-year-old advocate from Uppinangady tested positive for Covid -19 on Friday, he has been admitted to the Wenlock Hospital and is being treated. With this, only one COVID-19 positive patient is being treated at Wenlock Hospital till Friday evening.

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