Larger opinion getting shaped against Modi govt for ignoring flood survivors: Deve Gowda

Agencies
October 4, 2019

Bengaluru, Oct 4: Former Prime Minister H D Deve Gowda on Friday said JD(S) will corner the BJP government both inside and outside the assembly over flood relief and "delay" in securing funds from the centre.

The JD(S) patriarch claimed a larger opinion was getting shaped against the Narendra Modi-led government at the Centre, with even staunch BJP and RSS supporters expressing strong displeasure over its "conduct" and "inaction" on the part of party MPs from the state, over the delay in central relief.

Pointing out that he has come through struggle in his long political career, he said JD(S) would take out a padayatra on the flood relief issue here on October 10, in which party leaders, including himself and former MLAs, zilla and panchayat members, would take part.

"It will be a peaceful protest," he told reporters. Gowda said party MLAs and Kumaraswamy would raise the issue in the assembly.

"We don't have any problem in passing of any bills (budget related), but issues should be discussed." BJP governments at the Centre and the state have been facing flak from Congress and JD(S) over "delay" in grant of central funds, despite Home Minister Amit Shah, Finance Minister Nirmala Sitaraman and the Inter-ministerial central team visiting the affected regions.

The Opposition has accused the Modi government of showing "apathy" towards Karnataka, despite the state sending 25 BJP MPs to the Lok Sabha. Gowda said expectations that the union cabinet meeting on Thursday would result in some announcement for the flood ravaged state had proved in vain.

He said the discontentment has reached such a level that some staunch RSS and BJP supporters themselves have charged their party MPs from the state of not doing their duty. "Is there anything more for me to say?" he asked.

Gowda claimed that the general opinion of the people and even in the media was that the Central government was not cooperating with the state.

Citing media reports that the Centre has sent back a report on flood and rain related damage, stating that it was not proper, Gowda said this has happened for the first time. "If the report was not okay, at least the interim relief should have been announced...what is the trouble in that?" Karnataka has sent a flood damage estimate of Rs 35,160.81 crore to the centre and is awaiting the relief.

As many as 103 taluks in 22 districts were affected due to floods in August, in which over 80 people were killed. Around seven lakh people were shifted to safe areas and thousands of houses were damaged. Gowda also made it clear that he would not meet the Prime Minister over release of central funds for flood relief as he has not received any reply to earlier letters, seeking Rs 5,000 crore as immediate relief.

"Parliament session is coming up in November... I will write another detailed letter, seeking funds...I too know the financial situation is not fine...but people in distress need help," he added. Pointing out that most states, from Bihar to Kerala, have been affected by floods, Gowda regretted that Modi has not carried out an aerial survey.

"PM is busy, I can understand. I don't want to speak on the Prime Minister's visit to foreign countries and his visits to poll-bound states... but most parts of the country are affected," he said.

Gowda pointed out that the Modi government came to power with a huge mandate and with a lot of support from the youth.

"But what happened? Were jobs generated? HAL employees are protesting, BSNL situation is also bad... "I think they (BJP central leaders) think that whatever they do, people are with them. Opposition parties are also not strong," he said, adding people of this country were mature and would teach them a lesson "at the right time."

Pointing out that the three-day assembly session has been convenedfrom October 10 for budget related business, he asked why the government was not extending it to discuss various issues.

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Saturday, 5 Oct 2019

  1. Cetral Gov. Will release fund near to election it can help to election campaign. 
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News Network
January 24,2020

Bengaluru, Jan 24: Middle East based prestigious LuLu Group has come forward to invest $300 million in Karnataka in the retail, logistics and hospitality sectors.

As part of this, the first LuLu mall will commence operations in Bengaluru’s Rajajinagar area by August.

LuLu’s first mall in India, in Cochin, is seen as a huge success. It’s not clear how that mall is doing financially, but it became so popular that it had an adverse effect on almost every other mall in the city.

Lulu’s investment plan for Karnataka was communicated during a discussion between chief minister BS Yediyurappa and Yusuff Ali MA, chairman and managing director of Lulu Group, on the sidelines of the World Economic Forum in Davos.

The company will also set up two five-star hotels in Bengaluru through Twenty14 Holdings, its hospitality arm, and a modern logistics centre in the Uttara Kannada region.

Lulu Group’s retail initiative Tablez brought Toys `R’ Us, one of the world’s largest toy store chains, to Bengaluru in 2017. Started in the Phoenix Mall in Whitefield, it competes with Reliance-owned Hamleys.

Tablez has also brought in other international brands such as American ice cream parlour chain Cold Stone Creamery, South Africa based flame-grilled chicken concept Galito’s, and Tablez’ own brand Bloomsbury’s, a boutique cafe and bakery. It has also launched Spanish fashion brands Springfield and Women ’secret.

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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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coastaldigest.com news network
May 26,2020

Bengaluru, May 26: Karnataka chief minister BS Yediyurappa has been urged to cancel the proposed SSLC examinations in Karnataka and allow “mass-pass” for every student in the wake of covid-19 crisis. A group of intellectuals and educationists have put forth this demand.

In the letter released by educationist VP Niranjan Aradhya, said that they were listing the scientific reasons to the CM for cancellation of exams which are slated to be held from June 25 to July 4th.

In the letter, the intellectuals have elucidated a number of reasons for cancelling the upcoming exams. “There are close to 8.5 lakh students and 2.5 lakh staff involved. If we include parents who would drop their kids at the exam centre, around 30 lakh people will be involved in the process, making it a risky affair. Though the government has said that it will separate the students with fever or other ailments, will students admit to having fever? What if they consume paracetamol and come to write exams?” asks the letter. 

Added to this, the question papers have to be sent from the district and taluk centres and there may be chances of transmission.

“Even if we conduct exams, then what about the students who have failed? Every year, around 2.5 lakh students fail in the exam. Will the government conduct the supplementary exams again? The whole process of conducting exams comes at a huge cost of Rs 20 cr to Rs 25 crore. Hence, we are suggesting that the government cancels the exams and pass the entire group of student en masse,” said the letter.

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