Full budget row: CM finds support in deputy, DKS

DHNS

June 18, 2018

Bengaluru, Jun 18: Former chief minister Siddaramaiah’s disagreement over a new full-budget for 2018-19 has not only upset Chief Minister H D Kumaraswamy, it has also discomfited his own party colleagues, forcing them to take sides.

On Sunday, Deputy Chief Minister G Parameshwara and cabinet colleague D K Shivakumar indirectly batted for Kumaraswamy, by saying they were uncertain about the intent behind Siddaramaiah’s remarks.

Siddaramaiah had, on Saturday, had taken exception to Kumaraswamy’s budget plan by stating there was no need for a new budget and that the chief minister could announce his new programmes through a supplementary budget.

Kumaraswamy had countered it, saying it had been a practice for a new government to present a full budget.

Speaking to reporters in Bengaluru, Parameshwara seconded Kumaraswamy’s opinion.

“It’s a common practice for new governments to evolve their own programmes and announce the same in the budget. I’m not sure in what context Siddaramaiah made such a statement,” he said.

Reiterating that the coordination committee had decided to continue all programmes/welfare schemes of the previous Congress regime, Parameshwara said, “Efforts are on to combine the old and new proposals. A drafting committee for preparing the common minimum programme has been set up. The committee will submit its report to the co-ordination committee in the next 10 days. Until then, no decision will be taken.”

Comments

Rahul pleasing HDK unwantedly. He giving much more importance to HDK

HDK trying to do farsighted things. He seeks Rahul's advise for dumping siddu's words. HDK started to play

I watched Siddu's response. Such a humiliating statement. He completely ignoring HDK. Siddu not considering him as CM

I doubt that no need to wait for one year. This govt cant complete one year.

Deve Gowda's prediction will come true

Yeddurappa was best.

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Home Minister asks police to enhance security of U T Khadar, Tanveer Sait

News Network

March 6,2020

Bengaluru, Mar 6: Karnataka home minister Basavaraj Bommai on Friday said he has asked police to enhance the security of Congress leaders and former ministers UT Khader and Tanveer Sait.

"Threat perception has been there for some time now, all the more after the attack on Tanveer Sait. Their (Congress MLAs UT Khader and Tanveer Sait) security is necessary. I have intimidated them. I have asked police to enhance their security," Bommai told media persons.

"After the assault on Tanveer Sait, the police told me that there were some intelligence reports and asked to me to take proper security. They have given one police man for the name's sake," Khader said.

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Late coffee baron Siddhartha routed Rs 2,693 crore from Coffee Day to another firm: probe

News Network

July 26,2020

Bengaluru, Jul 26: A year-long probe by Coffee Day Enterprises Ltd (CDEL) has found that its late founder V G Siddhartha routed Rs 2,693 crore out of the company to Mysore Amalgamated Coffee Estates Ltd (MACEL), another privately-owned entity of him.

The MACEL owes Rs 3,535 crore to subsidiaries of Coffee Day Enterprises as of July 31, 2019 of which only Rs 842 crore was accounted.

"Therefore, a sum of Rs 2,693 crore is the incremental outstanding that needs to be addressed," said the report of an investigation headed by Ashok Kumar Malhotra, a retired DIG of Central Bureau of Investigation (CBI) and assisted by law firm Agastya Agastya Legal.

Siddhartha was found dead in early August 2019, and many suspected that he had committed suicide.

Steps are being taken by subsidiaries of CDEL for recovery of dues from MACEL, the company said.

"The board authorised the Chairman to appoint an ex-judge of the Supreme Court or the High Court, or any other person of eminence, to suggest and oversee actions for recovery of the dues from MACEL and to help on any other associated matters," it said in regulatory filings at stock exchanges late on Friday.

The probe further gives clean chits to the Income Tax Department and the private equity firms who Siddhartha in his parting letter had alleged of harassment.

"We have not been provided with any documentary evidence to draw an inference that there may have been any advertent or inadvertent harassment from the Income Tax Department," said the probe report.

The probe also highlighted severe liquidity crunch at CDEL in the build-up to Siddhartha's death.

A committee supported by senior professionals was formed to protect the interest of all stakeholders. CDEL said the debt levels which were about Rs 7,200 crore on March 31, 2019 have been brought down significantly by Rs 4,000 crore. The present debt of the group is around Rs 3,200 crore.

"The disinvestment process in the group continues and we are confident to have effective solution to all stakeholders," it said.

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