New govt in Karnataka will be 'temporary'; Ananth Kumar

Agencies
June 8, 2018

Bengaluru, June 8: Dubbing the current political situation in Karnataka as 'ludicrous,' Union Minister for Parliamentary Affairs Ananth Kumar said the new JDS-Congress coalition government was direction less and only temporary.

Speaking to reporters here, he said the newgovernment was direction less with the Chief Minister naming 25 ministers without any portfolios.

"Even though the people had given the highest number of seatsto the BJP in the assembly elections, JD(S) and Congress made a back door entry to power. This (government) is only temporary,"he said.

He pointed out that already there was rebellion and dissatisfaction among leaders and cadre of JD(S) andCongress.

"The workers are not happy with the coalition of the two parties, which were at loggerheads before the elections.

Therefore the coalition will be a short-lived one,"Kumarsaid.

Asked to comment on former president Pranab Mukherjee's speechat the RSS headquarters in Nagpur, Ananth Kumar said it was the endorsement of the selfless service of RSS for the past 80 years.

Mukherjee, during his visit to the RSS headquarters yesterday, had warned that hatred and intolerance diluted national identity and declared that nationalism was not bound by race or religion, as he called for a dialogue to reconcile differences.

His visit to address new RSS recruits sparked criticism from some Congress leaders, including his daughter.

Comments

A Kannadiga
 - 
Saturday, 9 Jun 2018

These BJP leaders are jealousy of lost the chance to form the government.  Within 3 days of their recent rule, their activists took the law in their hands.

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News Network
March 28,2020

Bengaluru, Mar 28: Karnataka government on Saturday launched a food helpline number --155214-- for the labourers who have been affected due to lockdown imposed by the central government to prevent the spread of the coronavirus.

This came after Prime Minister Narendra Modi had on Tuesday announced a 21-day lockdown in the entire country effective from midnight to deal with the spread of the coronavirus, saying that " social distancing" is the only option to deal with the disease, which spreads rapidly.
Similarly, other states including Delhi have started both official and non-official helpline numbers for necessary assistance.
Both the government institutions and social organizations are contributing together in the fight against coronavirus during the lockdown.
According to the Ministry of Health and Family Welfare (MoHFW), there are 918 confirmed cases of coronavirus cases in the country and 19 fatalities have been reported.

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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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coastaldigest.com news network
April 21,2020

Mangaluru, Apr 21: An elderly woman from Bantwal taluk in Dakshina Kannada district has been diagnosed with covid-19, a deadly disease caused by coronavirus.

The state health and family welfare department, in its bulletin released on Tuesday morning, confirmed  that 67-year old woman suffering from covid-19.

The woman is said to be a neighbour of the woman from who died last Friday after being infected with coronavirus.

It is suspected that the virus reached elderly woman's body as she was in touch with the deceased.

The woman was admitted to Covid - 19 Hospital, Mangaluru, on the April 18 after she developed breathing problem. It is learnt that she is responding to the treatment

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