Scams during Mayawati's rule worth Rs 40, 000 crore : Akhilesh Yadav

May 16, 2012

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Lucknow, May 16: Uttar Pradesh Chief Minister Akhilesh Yadav on Tuesday said that financial irregularities were all-pervasive during the five-year tenure of Mayawati and affected practically every segment of the society. Yadav said that over Rs 40,000 crore were misappropriated in schemes ranging from eco parks to the NRHM.

The government would soon set up a commission to bring the probes into various scams under a single investigating authority along with inquiries recommended by the Lok Ayukta against a number of ministers in the previous government, Yadav said on Tuesday here.

People usually tend to take into account the money spent on a project as its net worth of the scam. But the actual cost of these projects turn out to be much higher, Akhilesh said. "When government makes such assessments, it includes the cost of land used, value of the existing structure razed to the ground for the new project, the repeated changes in design and construction work - all of this directly amounts to losses to the state exchequer," the chief minister said.

As per the government's estimates, the total worth of scams during the BSP rule is over Rs 40,000 crore, which is almost equal to the annual outlay for the state during 2011 - 2012 and is nearly one-fourth of the state's annual budget of Rs 1.89 lakh crore.

The major scams which had allegedly taken place during the Mayawati regime and are under the SP government's scanner are NRHM scam, toilet scam, elephant statues scam, Noida land scam, High Security Registration Plates (HSRP) tender scam, seed scam, etc. Investigations and inquiries are under way in each of these scams and in 50% of the cases, arrests have also been made leaving hardly any scope of doubt over allegations of misappropriation.

Though investigations into these scams have led to the arrest of bureaucrats and even senior ministers in the BSP government, the investigators are yet to establish a possible direct link between the misappropriations and the then chief minister Mayawati.

However, senior SP ministers have started accusing Mayawati of being directly involved in the scams. On Monday, health and family welfare minister Ahmed Hasan said: "Mayawati's name is also figuring in the NRHM scam." Another senior minister Azam Khan said that the allegations being levelled by the SP all these years are turning out to be true.

On Tuesday, former UP chief minister Rajnath Singh joined the chorus saying: "It is virtually impossible that such huge amounts were swindled and the then chief minister and Bahujan Samaj Party chief Mayawati was neither aware nor involved in the whole thing. Such huge sums of money cannot be swindled without the consent and interest of the chief minister," Rajnath Singh said on Tuesday.

But the BSP says that the accusations of scams were a mere political gimmick. Party's state president Swami Prasad Maurya said Mayawati had been the only chief minister till date to have taken stringent action against her own ministers and MLAs when ever they were found taking the law in their hand. "Name me one chief minister to have done this?" he questioned. "All this hype about the scams is being cooked up only to cover-up the government's failure in controlling the crime situation in the state," the SP state president said.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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News Network
January 28,2020

New Delhi, Jan 28: Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs.

The authority is awaiting a final installment of Rs 20 crore ($2.8 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan of Rs 4,160 crore from Japan International Cooperation Agency helps fund 48.5% of the project.

India’s oldest metro, which started in 1984 with a North-South service, was due to expand by 2014 but faced problems including squatters on the planned route. These issues have contributed to the total project cost rising to about Rs 8,600 crore for some 17 kilometers from Rs 4,900 crore for 14 km.

“About 40% of total transport demand will be tackled by these two metro services,” Sarkar said in an interview at his office in Kolkata. “It will be a relief for environmental pollution and the city should be much more decongested.”

The new line is expected to carry about 900,000 people daily, -- roughly 20% of the city’s population -- and will take less than a minute to cross a 520-meter underwater tunnel. Depending on the time of day, it takes some 20 minutes to use the ferry and anywhere upward of an hour to cross the Howrah bridge.

KMRC will repay the JICA loan over 30 years after an initial six-year moratorium. The interest rate is between 1.2% to 1.6%. The East-West metro project is 74% owned by the railway ministry and 26% by the ministry of housing and urban affairs.

“We don’t anticipate any further cost escalation now,” Sarkar said.

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News Network
June 6,2020

New Delhi, Jun 6: With 9,887 new positive cases reported in the last 24 hours, India's COVID-19 count touched 2,36,657 on Saturday surpassing Italy's latest tally of over 2.34 lakh, taking India to the sixth spot among countries with the highest caseloads of the virus.

The Union Ministry of Health and Family Welfare (MoHFW) said that India registered a spike of 9887 new cases and 294 deaths in the past 24 hours taking the tally to 1,15,942 active cases and 6642 deaths.

Today's count was the highest single-day spike in the country, which has now overtaken Italy, according to the tally posted by the Johns Hopkins University which posted that globally the coronavirus had infected over 66.64 lakh people and claimed over 3.91 lakh lives so far.

In india, the MoHFW informed that 1,14,073 persons have been cured/discharged/migrated so far.

Maharashtra remains the worst-hit State as the total number of COVID-19 positive cases reached 80,229. While the total number of active cases in the state stands at 42,224.

In Tamil Nadu, 28,694 cases have been detected so far while Delhi has reported 26,334 coronavirus cases.

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