Fadnavis made CM to facilitate transfer of Rs 40k-cr to Modi govt: Anant Kumar Hegde

News Network
December 2, 2019

Bengaluru, Dec 2: Former union minister and BJP MP Anant Kumar Hegde has claimed his party colleague Devendra Fadnavis was made chief minister in Maharashtra last month despite lacking majority only to 'protect' Rs 40,000 crore central funds under the CM's control from being 'misused'.

Days after Fadnavis resigned barely 80 hours after taking oath for the second time as chief minister, Hegde, known for making controversial statements, sought to give a new twist to the episode describing the government formation by the BJP as a 'drama' played out to ensure that the funds meant for development works were 'protected'.

"You all know that recently in Maharashtra for just 80 hours our person was Chief Minister, but soon Fadnavis resigned. Why did we have to do this drama? Din't we know- despite knowing we don't have majority, why did he become CM? This is the question commonly every one ask," Hegde said.

Addressing a gathering, reportedly during campaign in bypoll-bound Yellapur in Uttara Kannada district on Saturday, he said, "More than about Rs 40,000 crore was under CM's control.

If NCP, Congress and Shiv Sena come to power certainly that Rs 40,000 crore would not have gone for development work and would have gone for different things (misused)." "It was entirely planned earlier itself. Once we got to know (about three parties forming government) it was decided that a drama has to be played out.

So, adjustments were made and oath was taken (by Fadnavis as CM), after oath within 15 hours Fadnavis systematically ensured that it (money) reaches where it had to and protected it," the BJP leader said, speaking in Kannada. The entire amount was given back to central government, or else certainly the "next Chief Minister would have...you know what would have happened...," he added.

Fadnavis was sworn in by Maharashtra Governor Bhagat Singh Koshyari in a hush-hush ceremony on November 23 for a second term after stunning midnight developments where NCP's Ajit Pawar had revolted against his party and propped up the government with BJP. However, three days later, Fadnavis resigned as chief minister ahead of the floor test, admitting he does not have the numbers shortly after his deputy Ajit Pawar quit the government.

Subsequently, on November 28, Shiv Sena leader Uddhav Thackeray took oath as the new Chief Minister of Maharashtra, heading an unlikely alliance of the Sena, the NCP and the Congress. The Shiv Sena broke up its three-decade alliance with the BJP over sharing of the chief minister's post after contesting the assembly elections together and the combine winning a comfortable majority.

Also Read: Anant Kumar Hegde’s Rs 40,000 cr claim is false, says Fadnavis

Comments

Rajesh SS
 - 
Tuesday, 3 Dec 2019

CHOOR MACHAYE SHOOR

ayes p.
 - 
Monday, 2 Dec 2019

We know everything, 

 

Do not fool us.

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News Network
March 1,2020

Mangaluru, Mar 1: Karnataka Minister for Major and Medium Industries Jagadish Shettar said that the flight service between Mangaluru and Hubballi will begin on March 29 under UDAN scheme.

Speaking to reporters on the sideline of the meeting of Industries Commerce of Magaluru, here on Saturday evening, he said while the city of Ports is the second busiest international airport after Bengaluru in Karnataka, other places, namely Hubballi, Belagavi, Kalaburagi and Bidar, have come on the air map with the UDAN scheme.

Stating that UDAN launched by Prime Minister Narendra Modi was what the Golden Quadrilateral highway project of former Prime Minister A B Vajpayee had envisaged, Mr. Shettar noted that more flights are operating to and from Mangaluru now. This has paved the way for Industrialisation of the important city on the Bombay-Karnataka region, he added.

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News Network
June 3,2020

Mangaluru, Jun 3: A banner that read "Veer Savarkar Flyover Pumpwell" surfaced on the sidewall of the Pumpwell flyover in Mangaluru on Tuesday night.

It is suspected that activists of Bajrang Dal put up the controversial banner. Though it was removed later, it sparked debates on social media and photos of it went viral.

The development comes amid the controversy over the naming of a flyover at Yelahanka in Bengaluru after Savarkar.

A Hindutva ideologue, Savarkar has tendered apology to British imperialists and pledged to support them following his arrest during India’s freedom movement.

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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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