Karnataka CM fumes over shifting of Aero India show out of Bengaluru, seeks answer from BJP

News Network
August 13, 2018

Bengaluru, Aug 13: The Karnataka government has questioned Prime Minister Narendra Modi-led NDA government at the Centre over the decision to shift the 22nd edition of Aero India show from Bengaluru to Uttar Pradesh capital Lucknow.

Hitting out at the Bharatiya Janata Party (BJP)-led NDA government, Karnataka Chief Minister HD Kumaraswamy asserted that Bengaluru was the proper place for Aero India show, pointing that the Karnataka capital had all infrastructure needed.

Speaking to mediapersons on Sunday, the Janata Dal Secular (JDS) leader said, “Our BJP friends in Karnataka must answer. We also requested the defence minister and told her that Bengaluru is the proper place for the Aero show event and we have all infrastructure in place as well. I don’t know why the Centre took such a decision.”

The remark from the Karnataka Chief Minister came after state Deputy Chief Minister G Parameshwara accused the central government of taking away key defence projects from the state.

"Reports of #AeroIndia being moved out of Bengaluru are very unfortunate. We have been India's Defence Hub since Independence, but under the NDA we are constantly losing key defence projects and flagship programs. I request @nsitharaman to clarify her stand on the issue," he posted on microblogging site Twitter.

He had attacked the NDA government earlier as well pointing that Karnataka had been conduction Aero India show successfully since 1996. According to Parameshwara, the Centre was “keen on ending Bengaluru’s dominance in the defence sector”.

He had tweeted, “Plan to snatch Aero India Show away from Bengaluru in favour of Lucknow is very unfortunate. We have been conducting it successfully since 1996. This comes after HAL was snubbed for Rafael deal. Centre seems to be keen on ending Bengaluru's dominance in the defence sector.”

Though there has not been any official confirmation or formal announcement by the Ministry of Defence in this regard, reports have suggested that the event is likely to be held in Lucknow in October-November.

If this happens, it will be for the first time in 22 years that Aero India show will be hosted outside Bengaluru since its inception in 1996.

Comments

Jayant
 - 
Monday, 13 Aug 2018

Once we had a ruler who tried to shift India's capital place. Modi working out for being a Tughlaq II

 

He almost proved that he is Tughlaq II. Keep going Modi

Hareesh Kulal
 - 
Monday, 13 Aug 2018

Bengaluru has all facilities and and proper place. Negotiating that and shifting to UP is kind of foolishness

Sandeep shetty
 - 
Monday, 13 Aug 2018

Intolerance. Yogi wants to put hand in aero india too. What ever he and feku touched, got corrupted, Yogi and Modi always working for their personal gains. Not for people

Ramprasad
 - 
Monday, 13 Aug 2018

Yogi wants to spoil aero india. He will work out for saffronism in their also

Danish
 - 
Monday, 13 Aug 2018

Feku is most biased and corrupted PM

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News Network
January 15,2020

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

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News Network
April 11,2020

Bengaluru, Apr 11: Former prime minister H D Deve Gowda claimed the lockdown decision was taken in 'haste' without forethought because of which farmers and the working class were 'suffering' and suggested measures to mitigate the impact. The state government should have consulted experienced citizens, officials, progressive farmers, farmer organisations and wholesale traders about the pros and cons before lockdown, he said in a letter to Chief Minister B S Yediyurappa, while highlighting that 61 per cent of the state's population depended on agriculture.

Because of the "hasty decision taken without any preparations", farmers of the country and the state are facing financial distress," he said in the April 9 letter, a copy of which was released to media here on Friday. The JD(S) patriarch suggested taking up some measures, including ensuring no restrictions on agriculture activities, procurement of horticulture produce at a fair price, relaxing export curbs on it, to provide relief to farmers, agriculture labourers, and daily wage workers.

On Sunday, Gowda had said he has assured Prime Minister Narendra Modi of his support in the nation's battle against COVID-19 pandemic when the latter called him to discuss the situation. In his letter to the chief minister, Gowda said: "...the lockdown implemented to control the spread of coronavirus has led our farmers into despair and put their lives into a burning fire.

This lockdown looks like a decision taken at haste without proper thinking and forethought for our farmers, agriculture labourers, and daily wage workers." He said the lockdown decision was taken after remaining 'quite' for about two months since the first corona infection was reported in the country on January 30. Among the suggestions made by the former prime minister include, procurement of horticulture produce at a fair price like in the case of milk from villages by the government through related organisations like Karnataka Horticulture Federation, HOPCOMS among others.

As horticulture produce was perishable, there should be no restriction on its procurement, transportation and marketing; all processing related activities of horticulture produce should be given relaxation from the lockdown, he said. Gowda also called for relaxation on exports for horticulture produce and its processed items. There should be no restriction on agriculture activities; a national grid has to be set up for marketing of horticulture produce, he said.

If such measures were not taken up immediately, the government will have to pay compensation to farmers for losses. Lack of remedial measures would lead to a shortage of supply, leading to rebellion from the people and may result in farmers' suicides and bringing about a situation that might be more grave than coroanvirus, he said.

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coastaldigest.com news network
April 30,2020

Newsroom, Apr 30: Beleaguered billionaire B R Shetty, who went into hiding after after a multi-billion fraud at UAE-based NMC Health came to light, has now put the blame on his companies employees.

The former chairman of the Abu Dhabi headquartered hospital operator said, investigations he commissioned found following things:

1. The fraudulent creation and operating of bank accounts in my name including many fraudulent transfers that I neither authorised, consented to, or had any knowledge of.

2. The fraudulent creation of loans, personal guarantees, cheques and bank transfers in my name, and using my forged signature, that I neither authorised, consented to, or had any knowledge of.

3. The creation and set-up of companies in my name that I neither authorised, consented to, or had any knowledge of, and that were seemingly created with the express intention to commit or conceal fraud.

4. The fraudulent creation of powers of attorney, and the misuse of existing powers of attorney, again in my name, that I that I neither authorised, consented to, or had any knowledge of.

5. The creation and provision to me of false and misleading financial statements and information regarding the performance of some of my private companies and investments by members of my own management team.

6. The payments of expenses using my private companies and personal bank accounts, I believe to hide the true financials of the public companies."

This is the first time Dr. Shetty, who is reportedly hiding in India for the last couple of months, issued a statement based on investigations he commissioned privately. He had brought in a consultancy to conduct it after initial revelations came to light that NMC Health had not been fully transparent with its finances.

Dr. Shetty had stepped down as executive chairman after the then Board of Directors barred him from attending any meetings. “I intend to work tirelessly to clear my name and assist any authorities in getting to the truth and help them ensure that misappropriated or missing funds are returned by the perpetrators to their rightful owners,” said Dr. Shetty.

This month, ADCB, which has the highest exposure among UAE banks to NMC Health, brought charges against five former officials, including ex-board of directors, with Abu Dhabi prosecution. The former CEOs of NMC Health and Finablr are also currently not in the UAE.

Comments

Kannadiga
 - 
Thursday, 30 Apr 2020

Can he explain give few wordd about Daniel Varghese  the founder of UAE exchange.

Who is the person shattered his fate .

 

 

 

 

 

 

 

 

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