Inspectors accused in mining scam still working in Lokayukta: CM

July 24, 2013

Inspectors_accusedBangalore, Jul 24: Chief Minister Siddaramaiah on Tuesday said two police officers who are facing corruption charges in illegal mining cases are still working in the Lokayukta.

Disclosing this in the Legislative Assembly while replying to Mallikarjuna S Khuba (JD-S), the chief minister said police inspectors Nagaraj M Madalli and M Dharmendra, who had earlier worked in Bellary district, are facing the allegations of receiving bribe from mining scam accused Kharadapudi Mahesh of Hospet.

Nagaraj who is said to have received bribe while he was in the Hadagali police station, is now inspector at the Bagalkot Lokayukta office. Dharmendra, who had earlier worked at Bellary’s Hagari police station, is now inspector at Mysore Lokayukta office.

In a report submitted to the House, Siddaramaiah has also stated that IPS officer Sonia Narang too is facing allegations of encouraging illegal mining. Now she is commandant, first battalion, KSRP, Bangalore. He said that the government was considering action against her.

The Lokayukta, in his report, had stated that 787 officers including 191 police officers were party to the illegal mining. It has already been reported that IPS officers M N Nagaraj and Eshwarachandra Sagar are facing charges. For the first time, Narang’s name has been made public in this regard.

Action delayed

The chief minister admitted that there has been a delay in taking action against officials who colluded with those who were into illegal mining. But he hastened to add that his government was not responsible for it. The final report reached the government two years ago on August 27. But, there has been a delay in taking action against the guilty officials. A committee will be constituted to decide the course of action to be taken, after the conclusion of the legislature session.

He said that notices have been issued to the 198 officers who are facing bribery charges. The CID is probing five officers, while the Lokayukta has been investigating 98 others. The committee headed by police officer V S D’Souza has been able to identify 97 police personnel who had allegedly encouraged illegality. But, it has not been able to identify 94 personnel.

Replying to Eshwara Khandre (Cong), Siddaramaiah said that as per the Indian Bureau of Mines’ report of 2010, the state has 9,959 million tonnes of iron ore deposit. In the last three years, 7.65 crore tonnes of ore has been extracted and the royalty earned by the state was Rs 1,519.68 crore.

Special court may try cases

Chief Minister Siddaramaiah assured the Assembly that the government would consider the suggestion to set up a fast track court to try illegal mining cases.

Mallikarjuna Khuba (JD-S) and Basavaraj Rayareddy (Cong) pressured the chief minister to set up a special court. Siddaramaiah, who was not categorical in his reply, just said he would look into the suggestion.

He said the State has suffered a loss of Rs 16,000 crore due to illegal ore export. In addition, the tax evasion was Rs 2,000 crore. The government would try to recover the losses, he added.

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Agencies
January 15,2020

Mumbai, Jan 15: The Reserve Bank of India (RBI) on Wednesday redistributed portfolios of Deputy Governors following the appointment of Michael Debabrata Patra to the post.

An official release said that NS Vishwanathan will handle co-ordination, Department of Regulation (DOR), Department of Communication (DoC), Enforcement Department, Inspection Department (ID), Risk Monitoring Department (RMD), and Secretary's Department.

BP Kanungo will look after Department of Currency Management (DCM), Department of External Investments and Operations (DEIO), Department of Government and Bank Accounts (DGBA), Department of Information Technology (DIT), Department of Payment and Settlement Systems (DPSS), Deposit Insurance and Credit Guarantee Corporation (DICGC), Foreign Exchange Department (FED), Internal Debt Management Department (IDMD), Legal Department (LD) and Right to Information (RIA) Division.

The release said that MK Jain will handle the Department of Supervision (DOS), Consumer Education and Protection Department (CEPD), Financial Inclusion and Development Department (FIDD), Human Resource Management Department (HRMD), HR Operations Unit (HR-OU), Premises Department (PD), Central Security Cell (CSC), and Rajbhasha Department.

Patra will look after the Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department including Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics & Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

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News Network
July 18,2020

Washington, Jul 18: The Foreign Direct Investment (FDI) from the US to India has crossed the $40 billion mark so far this year, reflecting the growing confidence of American companies in the country, the head of an India-centric business advocacy group has said.

The American companies, during the Covid-19 pandemic, which has battered the world economy, have shown great confidence in India and its leadership, said Mukesh Aghi, president of the US-India Strategic and Partnership Forum (USISPF), which keeps a track of the major US FDIs in India.

“Year to date investment from the US, including the recent ones, is over $40 billion,” Aghi said.

In recent weeks alone, the announcement of the FDI into India has been over $20 billion, he said, referring to the announcements made by some of the top companies like Google, Facebook and Walmart.

“Investors’ confidence in India is high. India still remains a very promising market for global investors. If you look at the $20 billion… not just the US, but (investment) has also come from other geographies such as the Middle East and the Far East.

“So, India still remains a very, very bullish market for the investor community,” Aghi said in response to a question.

The USISPF has been working with New Delhi to bring in FDI into India… playing a key role in encouraging American companies planning to move their bases out of China, he said, adding that the move was going on in the last three years of the Trump administration, but gained momentum during the coronavirus pandemic.

“We feel that Prime Minister (Narendra Modi’s) intention is very high. The challenges lie on the execution side. Efforts are being made to encourage manufacturing… I've never seen it so better. The policy framework is moving in the right direction,” he said.

Early this week, Larry Kudlow, the White House Economic Advisor, told reporters that the US tech giants like Google and Facebook announcing big investments in India shows that people are losing trust in China and India is emerging as a big competitor.

At the same time, he rued that India continues to be a protectionist country.

“The question is how do you define protectionism... the administration here is saying America first and India is saying vocal for local…,” Aghi added.

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News Network
April 3,2020

New Delhi, April 3: The total number of coronavirus cases in India on Friday climbed to 2301, including 156 cured and discharged and 56 deaths, said the Ministry of Health and Family Welfare.

At present, there are 2088 COVID-19 active cases in the country.

"A total number of COVID-19 positive cases rises to 2301 in India, including 156 cured/discharged, 56 deaths and 1 migrated," said the Health Department.

The highest number of positive cases of coronavirus was reported from Maharashtra at 335, including 16 deaths, followed by Tamil Nadu (309 and 6 deaths) and Kerala (286 and 2 deaths).

There are 219 coronavirus positive cases in the national capital, including 8 cured and discharged and 4 deaths.

The states which have crossed 100-mark for COVID-19 positive cases also include Andhra Pradesh (132), Karnataka (124), Rajasthan (133) and Telangana (107).

While 18 people were detected positive for coronavirus in Chandigarh, 70 cases were confirmed from Jammu and Kashmir and 14 from Ladakh.

In North-East, one COVID-19 case each has been confirmed from Mizoram and Assam, and two in Manipur.

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