Do not hoodwink people by promising the moon in budget, BSY tells CM

DHNS

February 16, 2018

Bengaluru, Feb 16: BJP state president B S Yeddyurappa said that the state budget to be presented by Chief Minister Siddaramaiah on Friday will have no consequence as the election code of conduct will come into force before it is implemented.

Speaking to reporters in Bengaluru on Thursday, Yeddyurappa said, Siddaramaiah, who also holds the finance portfolio, should not hoodwink the people by promising the moon in the proposals, but only present an vote-on-account budget.

He said it will be the new government, elected to power by the people in the Assembly polls, that will present the full budget for the financial year 2018-19.

Yeddyurappa charged that the Congress had not even utilised 50% of the grants earmarked in the 2017-18 budget. He said Siddaramaiah misused his office by holding pre-election rallies across the state using the tax payers money.

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According to Yeddy, congress didnt utilise 50% of money. Actually they kept for future..

If it is BJP. then they will utilise for personal use by looting t

Yeddy's hobby is nothing but criticising people unwantedly

Atleast for vote siddaramaiah did well. What about your Jaitley.. Learn to agree good things done by other people mr yeddy

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LIC will be IPO of the decade, akin to Saudi Aramco listing: Experts

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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Third flight chartered by UAE-based hotelier Praveen Shetty lands at Mangaluru Airport

coastaldigest.com news network

June 17,2020

Mangaluru, Jun 17: A private flight chartered by UAE-based NRI hotelier Praveen Shetty has brought home around 175 people from United Arab Emirates.

This is the third flight chartered by Mr Shetty, chairman of the Fortune Group of Hotels, and president of the Karnataka Non-Resident Indian Forum, to repatriate his employees and other stranded Kannadigas.

The Air Arabia flight with 168 adult passengers and six infants on board took off from Sharjah International Airport at 9:45 pm (UAE time) on June 16 and landed at Mangaluru International Airport at 2:50 am Indian Standard Time on June 17.

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