Mayawati spent Rs 86 crore of public money on her bungalow

May 9, 2012

Mayavathi

Lucknow, May 9: BSP chief Mayawati spent over Rs 86 crore of public money to renovate her 13 Mall Avenue bungalow that she is entitled to as a former chief minister. The renovation work began after Maya took over as chief minister in 2007 but the bulk of the work got completed towards the end of her tenure.

This was revealed in an RTI application that SP leader Shivpal Yadav filed when he was the leader of Opposition during Maya's tenure. Though the RTI plea dates back a year, the estate department revealed the details recently.

"We are still assessing the total cost incurred and indications are that the money spent might even exceed Rs 100 crore," a senior estate department official said on the condition of anonymity.

The house sprawls over 5 acres of prime land in Lucknow's Mall Avenue and is guarded by 20-feet-tall walls made of sandstone from Rajasthan. Originally, 13 Mall Avenue comprised only 2.5 acres, but Maya added an adjoining plot which housed the cane commissioner's office and had this building demolished.

The main building is single-storeyed and has six inter-connected rooms. They open on to a wide corridor, which contains rows of lockers. On a wall in this corridor hangs a neatly framed large picture of Mayawati taking her first oath as UP chief minister in 1995. Outside the corridor is a verandah with only two windows, both fitted with bullet-proof glass. Each window cost Rs 15 lakh and was specially designed for the house in Chandigarh.

There's a separate two-storeyed well-furnished guesthouse with 14 bedrooms on the same campus. All rooms have pink Italian marble flooring in keeping with Maya's fondness for pink stone. This building also has a meeting hall, a security room, garages and drivers' rooms.

The lush green lawn of the house that used to be its beauty was converted into a floor made of pink granite. There are two 20-feet statues on the premises, one of Mayawati and the other of her mentor later Kanshiram. Besides, there are five marble statues of elephants.

The buildings were not finished at one go, but involved tearing down of interiors several times because Maya was often not fully satisfied. One bathroom in the main building was redone about a dozen times because Behenji did not find it to her taste, an official said.

To secure the house, the home department put up a barbed fencing round the boundary walls. A close-circuit TV network kept close watch on visitors.

The renovation of this bungalow was clubbed with the building of parks and memorials erected in memory of Dalit icons. The job was assigned to the Nirman Nigam, which accorded top priority to the bungalow's renovation.

Shivpal Yadav, who's now PWD minister, said an inquiry has been ordered and action will be taken against those found guilty of any lapses and irregularities.

Estate department officials wished not to be quoted but said 80% of the funds spent were provided by the estate department. The remaining was spent by the Nirman Nigam and some other agencies like the Lucknow Nagar Nigam, home department and department of cultural affairs.

The Nirman Nigam, sources said, refused to take note of the estate department's repeated queries about its activities. The then director estate, Prabhat Mittal, though a letter dated August 27, 2008, had even asked the Nirman Nigam to furnish details about the money spent by it on demolishing the cane commissioner's officer. But the Nirman Nigam ignored the query.

Records show that 13 Mall Avenue was earlier known as the Speaker's House. This was long occupied by former Congress minister, late Baldev Singh Arya, who was even a minister in the first UP assembly of 1952. Mayawati occupied this house in 1995 when she became chief minister for the first time. In 2007, during her fourth stint as CM of the one of the poorest states in India, she decided to expand the property and do the building up in a royal style.

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News Network
June 17,2020

New Delhi, Jun 17: Petrol and diesel prices were increased in metros on Wednesday, marking the eleventh straight day of increase since state-owned oil companies returned to the normal practice of daily reviews following a 12-week pause. With effect from 6 am, the price of petrol was increased by 55 paise per litre, and diesel by 69 paise per litre in Delhi, compared to the previous day. While the price of petrol was revised to Rs 77.28 per litre in the national capital from Rs 76.73 per litre the previous day, the diesel rate was increased to Rs 75.79 per litre from Rs 75.19 per litre, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer. In the 11-day period, the price of petrol has been increased by a cumulative Rs 6.02 per litre, and diesel by Rs 6.49 per litre.

International crude oil prices retreated on Wednesday, weighed down by an increase in US crude inventories and worries about a potential second wave of the coronavirus pandemic. Brent crude futures - the global benchmark for crude oil - were last seen trading 1.0 per cent lower at $40.56 per barrel.

State-run oil marketing companies revise the prices of petrol and diesel from time to time, besides aviation turbine fuel (ATF) - or jet fuel - and liquefied petroleum gas (LPG). However, since March 16, the oil companies had kept petrol and diesel prices on hold, possibly due to the volatility in global oil markets.

Fuel retailing in the country is dominated by state refiners - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. The three own about 90 per cent of the retail fuel outlets in the country.

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News Network
June 30,2020

New Delhi, Jun 30: The Home Ministry on Monday issued guidelines for 'Unlock 2.0' phase across country between July 1 and July 31. The report stated that COVID-19 lockdown shall continue to remain in force in containment zones till July 31. In containment zones, only essential activities to be allowed. The government's guidelines come on a day when Maharashtra and Tamil Nadu extended lockdowns in their respective states to July 31.

Unlock 2.0 Guidelines:

•   Schools, colleges, educational institutes wil remain closed till July 31. Online/distance learning shall continue to be permitted and shall be encouraged

•   Lockdown shall continue to remain in force in containment zones till July 31st.  In containment zones, only essential activities to be allowed.

•   Night Curfew shall continue to remain in force, between 10:00 pm and 5:00 am, except for essential activities and other relaxations.

•   Social/ political/ sports/ entertainment/ academic/ cultural/ religious functions and other large congregations remain prohibited.

•   International air travel, except as allowed by MHA, will also remain barred.

•   Shops depending upon their area, can have more than 5 persons at a time. However, they have to maintain adequate physical distance.

•   Training institutions of the central and state governments will be allowed to function with effect from July 15 and SOP in this regard will be issued by the Department of Personnel and Training.

Meanwhile, Union Home Secretary Ajay Bhalla wrote to Chief Secretaries of all states and UTs, urging them to ensure compliance of Unlock 2 guidelines and direct all concerned authorities for their strict implementation.

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News Network
April 21,2020

New Delhi, Apr 21: The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.

With storage capacity already overflowing amid coronavirus-induced demand collapse, traders rushed to to get rid of unwanted stocks triggering the collapse of US West Texas Intermediate (WTI) crude for May delivery.

Indian Oil Corp (IOC) Chairman Sanjiv Singh said the collapse was triggered by traders unable to take deliveries of crude they had previously booked because of a demand collapse. And so they paid the seller to keep oil in their storage.

"If you look at June futures, it is trading in positive territory... around USD 20 per barrel," he said.

Low oil prices may seem good in short-term but in the long run it will hurt the oil economy as producers will have no surplus to invest in exploration and production which will lead to a drop in production, he said.

He did not comment on retail fuel prices that have been static since March 16.

Oil companies have not changed rates despite a fall in international prices as they first adjusted them against the increase that was warranted from a Rs 3 per litre hike in excise duty and close to Re 1 per litre additional cost of switching over to cleaner BS-VI grade fuel from April 1.

Petrol in Delhi is priced at Rs 69.59 a litre and diesel comes for Rs 62.29 per litre.

"The negative price has no direct impact on India or Indian oil prices, as this has taken place due to crude oil produced and traded within the US. India's prices are driven partly by another benchmark, the Brent, which is still trading at USD 25/barrel. Therefore, the retail price of fuels in India are unlikely to fall," said Amit Bhandari, Fellow, Energy and Environment Studies, Gateway House.

Also, Indian refineries are already overflowing as fuel demand has evaporated due to the unprecedented nationwide lockdown imposed to curb spread of COVID-19. So, they can't rush to buy US crude.

The refineries have already cut operating rate to half because the fuel they produce has not been sold yet.

India imports 4 million barrels/day (1.4 billion barrels/year) of oil. The country has been benefitting from the falling prices of oil for the last five years, when oil dropped from a peak of USD 110/barrel to USD 50-60/barrel last year, enabling India to invest in public service programmes.

"However, the additional USD 30 fall of this week is good for India - but there is also a downside. If oil prices are too low, the economies of oil-rich gulf countries will be hurt, threatening the job prospects of the 8 million Indians working in the Gulf countries. India is the largest recipient of foreign remittances due to these workers – very low oil prices will hurt this cash stream," Bhandari said.

He said the negative price of oil shows how much oil oversupply exists in international markets today. "Global oil consumption has fallen due to the COVID-19 pandemic that traders are willing to pay customers to get rid of the barrels they can't store. The world does not have enough storage capacity, and dumping the oil is an environmental crime."

The first half of April saw Brent crude oil prices plummet 63.6 per cent to USD 26.9 per barrel. Prices of Western Texas Intermediate (WTI), the American oil, had also fallen similarly by 63.1 per cent.

But on April 20, WTI prices turned rapidly negative because traders on the Nymex exchange rushed to offload their May futures positions a day before expiry of contracts (on April 21).

Such WTI futures are traded on the Nymex exchange with contracts settled in physical crude oil. Problem is, those who had gone long are unable to find storage facilities for the oil and had to liquidate their contracts before expiry. This caused the plunge in WTI prices.

Contrast to this, June WTI Nymex futures prices is hovering around USD 21, while Brent for June delivery is at USD 25.

Miren Lodha, Director, CRISIL Research said the demand for crude oil was declining already because of economic slowdown when the COVID-19 pandemic-driven lockdowns crushed it further.

Consequently, oil demand is expected to contract by 8-10 million barrels per day (mbpd) in 2020 assuming demand recovery begins from the third quarter of the year, he said, adding if recovery doesn't happen by then, further demand destruction could occur.

On the supply side, producers reining in output following a strategic deal between OPEC members, Russia and the US.

Under this agreement, OPEC+ would reduce oil production by 9.7 mbpd for May and June, but gradually ease the curb to 7.7 mbpd between July and December 2020, and to 5.8 mbpd till April 2022 to stabilise prices.

"This is expected to reduce some surplus in the market by the end of 2020," Lodha said.

Crude oil demand is expected to decline by over 20 mbpd in April alone. Typically, monthly global demand is about 100 mbpd. Given this scenario, supply curbs would have limited influence.

Consequently, Brent oil prices is expected to be in the USD 25-30 range for the second quarter while increasing marginally in the last 2 quarters of 2020.

"The gigantic inventory build-ups and lack of storage facilities would also put pressure on prices," he said, adding overall Brent could average USD 30-35 in 2020, with a strong downward bias.

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