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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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
April 26,2020

Thiruvananthapuram, Apr 26: Kerala Chief Minister Pinarayi Vijayan on Saturday urged media houses not to resort to layoffs and pay cuts while the whole community is facing the COVID-19 pandemic.

The Chief Minister said the state government will also take necessary steps to test the media personnel in the state to ensure they have not contracted the deadly virus.

He also pointed out that the pandemic has severely impacted the media sector with many newspapers even reducing the number of pages.

"Journalists are among those who have been affected the most. Journalists on the field are also in danger. We have come to know about the reporters affected with coronavirus in other states. The government will take necessary precautions including testing to ensure that journalists don't contract the disease," Vijayan said.

He said the newspapers were not receiving advertisements these days because there are no social or public events resulting in less commercial activities in the society.

"I would like to urge the media houses not to engage in layoffs or salary cuts during this pandemic. Journalists are working shoulder to shoulder with health workers. During this pandemic, scribes are out in the field collecting news, despite the threat of disease and it was admirable," Vijayan said.

The chief minister said the government has asked the PRD to release the dues to various media houses.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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