Kerala Budget presented amid ruckus in Assembly

March 13, 2015

Thiruvananthapuram, Mar 13: Kerala Assembly on Friday witnessed unprecedented and ugly scenes as Finance Minister K.M. Mani, facing allegations in the bar bribery issue, presented the state budget amdist stiff resistance by LDF-led Opposition who tried all means to thwart his attempt.

The protest siege of LDF and Yuva Morcha activists outside the Assembly also turned violent. The protesters hurled stones at police and they in turn used teargas shells.

Kerala Budget

With the LDF making it clear that all roads leading to the Assembly would be blocked, Mani and some of his colleagues stayed back in the Assembly complex since Thursday’s session.

Mr. Mani, who managed to enter the Assembly amidst bedlam, read out some excerpts of the budget in the guard of watch and wards and tabled it before the House.

Members of LDF-led opposition, who were stressing their demand for resignation of Mr. Mani over the bar bribery issue, also stayed back in the Assembly after Thursday’s session and sat in the well of the House since morning.

Opposition MLAs, including senior leaders and women members, were adamant in their stand that they would not allow the “tainted” minister to present the budget.

They also laid siege at the entrance of the Assembly hall to check Mr. Mani from entering there. However, the ruling MLAs managed to bring the 82-year-old Finance Minister in the hall.

There was also a scuffle between the opposition members and watch and wards.

Meanwhile, a group of LDF MLAs rushed to the Speaker’s dais and threw his chair out of podium.

The CPI(M) MLA V Shivankutty, who felt uneasiness amidst the chaos, was given first-aid.

Vigilance and Anti-Corruption Bureau had registered a case against Mani in December last year in connection with the allegations that he had accepted bribe from bar owners to renew liquor licences.

The allegations were levelled by Kerala Bar Hotel Owner’s Association Working president Biju Ramesh.

Kerala Budget1

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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Agencies
February 26,2020

New Delhi, Feb 26: The death toll in northeast Delhi communal violence over the amended citizenship law rose to 20 on Wednesday, according to GTB Hospital authorities.

On Tuesday, the death toll was 13.

"The death toll has risen to 20 today," Medical Superintendent of GTB Hospital, Sunil Kumar, told PTI.

Earlier, at least four bodies were brought to the Guru Teg Bahadur Hospital from the Lok Nayak Jai Prakash Narayan Hospital, a senior official said.

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News Network
May 29,2020

Bengaluru, May 29: Former prime minister H D Deve Gowda mourned the demise of Rajya Sabha member and Managing Director of leading Malayalam daily Mathrubhumi M P Veerendra Kumar, hailing him as a great journalist and writer.

"My deepest condolences on the demise of former union Minister and Rajya sabha member Shri M.P. Veerendra Kumar. He was a great journalist and writer. May god give strength to his family & his people to bear the loss," Gowda said in his condolence message.

Veerandra Kumar, who was a member of PTIs Board of Directors, died late Thursday at a private hospital in Kozhikode in Kerala following cardiac arrest.

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