‘Modi wave’ sweeping Karnataka, says Yeddyurappa

Agencies
April 30, 2018

Bengaluru, Apr 30: Riding a ‘Modi wave’, the BJP will form the next government in Karnataka with absolute majority, its chief ministerial candidate B S Yeddyurappa said on Monday, and ruled out a post-poll alliance with the JD(S) “as of now”.

Pollsters have predicted a hung Assembly in Karnataka, with neither the ruling Congress nor the BJP attaining a majority. They have said the JD(S), of former prime minister H D Deve Gowda, would emerge as the kingmaker.

Yeddyurappa, a Lingayat strongman who had supported the demand for religious minority status for the community when he headed the Karnataka Janata Paksha (KJP) that he had formed after breaking away from BJP, said the issue would not hurt the electoral prospects of the saffron party and instead “backfire” on the ruling Congress.

The state BJP chief also said the saffron party was campaigning as a “united force” to achieve the mission of winning 150 seats in the May 12 Assembly polls.

“The Lingayat issue is not going to affect us. This will backfire on Congress,” Yeddyurappa told PTI in an interview.

The Siddaramaiah government had recently recommended to the Centre religious minority status for Lingayats and its sub-caste Veerashaiva Lingayats, in an apparent move to cut into the solid vote base of the BJP which has traditionally backed the party.

The Lingayats, who account for about 17 per cent of the state’s population, have a large presence in north and central Karnataka, especially in Shivamogga, Davanagere and Chitradurga, where their votes can be critical to the electoral outcome.

The BJP has reacted cautiously to the contentious issue, while the Congress, unsure of the consequences it may have for the party in the elections, has also kept it on the back burner.

The 75-year-old Yeddyurappa, who has won seven times from Shikaripura, said he would triumph with a huge margin from his home seat, as the Lingayats would not let him down.

He rejected the Congress’ allegation that the BJP was stoking caste and communal sentiments to win the elections. “Not at all,” he said.

“Had the Congress been secular, Chief Minister Siddaramaiah would not have been contesting from a second place, Badami, a constituency with a sizeable population of Kuruba,” he said. Siddaramaiah hails from the Kuruba community.

Siddaramaiah is “scared” of losing his traditional Chamundeshwari seat, from where he has won five times since 1983, he added.

The BJP has fielded its resourceful Ballari MP B Sriramulu against Siddaramaiah in Badami in North Karnataka.

“We are confident that Sriramulu will win that seat,” Yeddyurappa said.

Asked if the BJP’s alleged “communal politics” would work for it in coastal Karnataka, Yeddyurappa said, “There is no such thing out there. Congress is spreading lies. There is only Modi wave and we are going to sweep not only the coastal region but the entire state.”

He said the party would secure a majority and form the government. “There is no question of post-poll alliance with JD(S) as of now,” Yeddyurappa said.

JD(S)’s chief ministerial nominee H D Kumaraswamy, a son of Dewe Gowda, had told PTI yesterday that he would emerge as the “king” and not a “kingmaker” after the elections.

The JD(S) and BJP had cobbled together a coalition and formed the government headed by Kumaraswamy in 2006.

It collapsed in October 2007, after the JD(S) backtracked on its promise and refused to hand over the reins of power to Yeddyurappa under the agreement the two parties had entered into over rotational chief ministership.

This paved the way for polls which saw the saffron party form its first government in the south in 2008.

Replying to a query on whether Siddaramaiah’s repeated reference to his incarceration for alleged corruption at election meetings was harming his image, Yeddyurappa said, “He is confusing and misleading public because all corruption charges against me have been set aside by the court.”

Yeddyurappa was the first chief minister of Karnataka to have been jailed over allegations of corruption, and had spent 25 days behind bars.

Karnataka will go to polls on May 12 to elect the 224- member assembly. The results will be declared on May 15.

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Hasan
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Tuesday, 1 May 2018

Modi Wave is sweeping under carpet in Karnataka

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News Network
February 27,2020

Benagluru, Feb 27: The sudden hike in bus fares by the state-run transport corporation has triggered a public outrage and protests by the opposition Congress and the Janata Dal-Secular (JD-S) in Karnataka.

Terming the hike as anti-people and inflationary, the Congress urged the ruling BJP to withdraw it forthwith and spare the commuters from the additional burden.

"KSRTC and its affiliates should not further burden the people when the cost of living has gone up and its bus service is used by the majority in the absence of trains in many regions of the state," said Ravi Gowda of the Congress.

In a surprise announcement on Tuesday night, the Karnataka State Road Transport Corporation (KSRTC) and its two affiliates -- North Eastern Karnataka Road Transport Corporation (NEKSRTC )and North Western Karnataka Road Transport Corporation (NWKSRTC) -- increased bus fares by 12% with effect from Wednesday, drawing the ire of commuters and opposition parties alike.

Condemning the fare hike, JD(S) leader and former Chief Minister H D Kumaraswamy urged the KSRTC to roll back the revised fares and give relief to the common man reeling under price rise due to CGST, SGST and food inflation.

"The BJP government has deliberately increased the bus fare ahead of the state budget for 2020-21 fiscal on March 2, catching people unawares. Though student passes have been spared from the hike, regular passengers are forced to pay Rs 5-32 more instead of getting better efficiency, management and productivity," Kumaraswamy said in a statement in Bengaluru.

It's an additional burden on us, said Bengaluru resident K. Venkatesh, while adding,

"The 12 percent hike in bus fares by the KSRTC and its north-east and north-west affiliates from Wednesday will hit passengers hard and make commuting costly.”

"The fare hike will negate the state government's efforts to encourage public transport service and force passengers to travel on the train, which is cheaper, faster and safer," asserted Venugopal Gupta, a cloth merchant in the city.

Justifying the hike, KSRTC Managing Director Shivayogi Kalasad told media that the hike was inevitable due to the steady increase in diesel price, dearness allowance in staff salary and overall cost of operations.

"Since the last fare revision came in May 2014, the operational cost has gone up substantially due to Rs 11.27 per litre hike in diesel price, increase in DA to employees and repairing, maintenance and fleet management costs," Kalasad said.

The financial burden due to fuel price hike is Rs 261 crore, DA Rs 341 crore and operational cost Rs 601 crore per annum for KSRTC alone, he said.

"For the benefit of rural passengers, fares have been reduced to Rs 5 from Rs 7 for the first 3 km. There is no increase in fares for the first 12 km and up to first 6 km in express service," Kalasad added.

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News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

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News Network
March 21,2020

Kasaragod, Mar 21: The lack of self-restraint and social distancing by people here, the ones who come from the Middle East regions, in particular, has been a cause of concern for the district authorities who have time and again been reiterating the need to follow tips from health authorities to counter the spread of Novel Coronavirus.

But as things are feared to go out of control, the district authorities including the Collector Dr. Sajith Babu have come out to the streets and bazaars only to impose social distancing instructions now in place in the district strictly since six more persons have been tested positive for Covid-19 on Friday.

According to health authorities, the new cases were caused by a few people who recently returned from abroad and who did not follow the self-quarantine measures.

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