Pramod Madhwaraj is 10th richest state minister in India

[email protected] (CD Network)
August 9, 2016

Udupi, Aug 9: Pramod Madhwaraj, the minister for fisheries, sports and youth affairs, Karnataka is the 10th richest state minister in India, according to a report by Association for Democratic Reforms (ADR).

Pramod-Madhwaraj

Mr Madhwaraj, who represents Udupi constituency in Karnataka Legislative Assembly, had entered the state cabinet through a recent cabinet reshuffle.

Son of former MLA Late Malpe Madhwaraj and former minister Manorama Madhwaraj, the Mogaveera community stalwart is the proprietor of Raj fish meal and oil company, Malpe, which is the largest manufacturer of fish meal and fish oil in India.

Mr Madhwaraj is the chairman of Canara Jewel Tex Pvt. Ltd, which runs a large mall of gold and sarees in Udupi district, called The Wedding Palace'. He is the managing partner of Coronet fish products, an exporter of canned fish. He is also the chairman of Malpe Manipal Builders.

Four from Karnataka

Interestingly, four of the country's 10 richest state ministers are from Karnataka, and 97% of this south Indian state's ministers are crorepatis. Energy minister D K Shivakumar is the second richest state minister in the country with assets worth Rs 251crore.
Labour minister Santosh Lad comes in third with assets worth Rs 186 crore. Planning minister M R Seetharam ranks sixth with assets worth Rs 136 crore and Mr Madhwaraj is in 10th place with Rs 105 crore.

Those with high assets have their liabilities too and again, Shivakumar tops this list with liabilities of Rs 105 crore, Seetharam comes in third with Rs 53 crore, Madhwaraj is fourth with Rs 44 crore and water resources minister M B Patil ranked 10th with Rs 19 crore. Patil's assets are worth Rs 40 crore.

Andhra Pradesh minister Ponguru Narayana who is the richest minister with assets worth Rs 441crore and liabilities of Rs 44 crore.

The 'poorest' minister in the country is Samajwadi Party's Tej Narayana from Faizabad constituency in Ayodhya, who has declared assets of just Rs 66,612.

ADR in a statement said it sourced the details from the affidavits filed by ministers at the time of submitting nomination papers to the Election Commission. Declarations of a total of 609 ministers out of 620 have been analysed from 29 state assemblies and two Union Territories by ADR.

Also Read: 

Udupi MLA Pramod Madhwaraj buys Rolls Royce Ghost for Rs 5.8 crore!

34% state ministers in India criminals, 97% ministers in Karnataka crorepatis

Comments

Rikaz
 - 
Wednesday, 10 Aug 2016

These richest should start some kind big industries and provide employment opportunity to all unemployed around that area.

Youth
 - 
Wednesday, 10 Aug 2016

dear all,

I dont know anything about other ministers, But Mr. Pramaod he is a well known person. he thinks about the poor people. you guys might not knowing, how much he donate the money to all kind of activities and for the people. At last he is not even interested in corrupted money. God has given him alloott.. Please think twice to comment if you dont know anything.

HONEST
 - 
Tuesday, 9 Aug 2016

Hope his richness helps the POOR of our society...

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News Network
June 24,2020

Mangaluru, June 24: Congress leader Ivan D’Souza has vowed to serve the poor and practice as a lawyer in the city, as he completed six years of tenure as a member of Karnataka legislative council on June 23. 

Expressing satisfaction about his work as an MLC, he said: “I’m one among the three MLCs who have 100% attendance in the council. Meanwhile, I’m the only council member to utilise the privilege of raising five questions in each session. I brought several major issues to the government through the questions and succeeded in finding solutions to the problems of people.”

“During my six years of tenure as a council member, I could bring sanctions to the tune of Rs 46 crore through various departments. Meanwhile, financial aid to the tune of Rs 13.24 crore has been distributed through Chief Minister’s Relief Fund to nearly 1,600 beneficiaries. I will continue to serve the poor on my own as an individual. For this, I have set up an office in the premises of my house,” Ivan said, adding that he has distributed grocery kits and other essential items to over 18,000 families during the lockdown period.

“I have successfully fulfilled my duties as the chief whip of the government in the council and also as the parliamentary secretary to revenue department in Siddaramaiah and H D Kumaraswamy governments, respectively,” he said. 

Ivan said his office in the Mangaluru City Corporation (MCC) building will be handed over to JD(S) MLC S L Boje Gowda. “My doors are always open for the people. I will strive to build the party in the state,” he added. 

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News Network
April 29,2020

New Delhi, Apr 29: WhatsApp on Tuesday said it will now allow up to eight people to connect on a group video call as an increasing number of people turn to digital platforms to connect with friends and family amid the COVID-19 pandemic.

The Facebook-owned company said over the last month, people on average are spending over 15 billion minutes talking each day on WhatsApp calls, well above a typical day before the pandemic.

"...we see that people all over the world are turning to voice and video calling on WhatsApp more than ever before. Group calling has been particularly useful and our users have asked to connect with more people at once," WhatsApp said in a blogpost.

Starting Tuesday, the company is doubling the number of participants one can have on a WhatsApp video or voice call from 4 to 8 people at a time, it added.

WhatsApp emphasised that like written messages, all calls on its platform are protected with end-to-end encryption.

"We have built group calling in a way that makes it available for as many users as possible, including people on lower-end devices and slow network conditions," it added.

Also Read: Coronavirus India update: State-wise total number of confirmed cases, deaths

WhatsApp said that to access the new, higher participant limit on WhatsApp calls, all participants in a call need to update to the latest version of WhatsApp available on iPhone or Android.

Video calling tools like Google Meet, Microsoft Teams, Zoom and others have also seen a significant jump in userbase and traffic as people connect while maintaining social distancing amid the coronavirus outbreak.

Last week, Facebook had introduced Messenger Rooms that will soon hold up to 50 people with no time limit.

It had added that the company will also add ways to create rooms from Instagram Direct, WhatsApp and Portal.

Noting that between WhatsApp and Messenger, more than 700 million accounts participate in calls every day, Facebook had said, adding that video calling on Messenger and WhatsApp more than doubled in many countries.

Also, views of Facebook Live and Instagram Live videos have also increased significantly in March, it said.

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Agencies
January 16,2020

Bengaluru, Jan 16: Amping up the online payment experience for consumers, Razorpay, the leading full-stack financial services company, today launched a new product, Instant Refunds for businesses.

This new feature activates refunds and credits the customer's source account across payment methods such as credit card, net banking, and UPI within a minute of initiation.

India is one of the fastest-growing online retail markets today. About 71 per cent of internet users in the country purchase products online. Today, the refund process has two major pain points for both the end customer and the business.

First, a delay of five-seven business days for the customer in receiving the money because of multiple intermediaries like the acquiring bank, issuing bank and the networks (VISA/MasterCard/Rupay).

Second, the lack of transparency during the entire refund process for both the customer and the business. This long cycle of processing refunds is a significant problem with every popular payment method in the industry.

By issuing refunds instantly, Razorpay will help businesses retain their customers, build trust through an improved hassle-free payment experience and provide complete transparency on refunds to both the business and the end-user.

This new feature will also reduce the dependence on manpower as every refund issue on an average leads to ten service emails or calls from customer support teams.

"Instant Refunds are the new normal and central to great customer experience. A lot of consumers fail to use online payment methods as they feel getting refunds through an online platform is a very time-consuming task; hence they prefer CoD as the best alternative. Given the technological advancements being made in the fin-tech ecosystem, its fair for customers to expect refunds as fast as possible. A solution like Instant Refunds will not only help build consumer confidence in digital payments but also reduce losses for e-commerce companies where CoD has become an expensive option with more than 50 per cent online transactions made through cash", said Shashank Kumar, CTO & Co-founder of Razorpay.

"Our Instant Refunds feature ensures that the refund is processed at a 3600x faster pace than the normal expected time of five-seven business days. The team is focused on creating new technologies designed to make the entire payment lifecycle hassle-free. We believe this new feature will make customers experience a notch higher, help brands create a competitive advantage, and even make them more profitable", he added.

Razorpay's growth has been uphill, particularly in the last two years. With a 500 per cent growth in 2019, the company has been witnessing a healthy growth rate of 35 per cent month-on-month.

The company also recently launched its corporate credit cards for its partner businesses, RazorpayX current accounts, support for freelancers and homepreneurs, and acquired Opfin, a payroll and HR management software company.

Currently powering payments for over 800,000 businesses including the likes of Indigo, BSE, Thomas Cook, Reliance, SpiceJet, Aditya Birla, Sony, and Oyo, the team plans to increase this count to 1,400,000 by this year. The full-stack financial solutions company expects a 4x growth in its revenue by the end of the next fiscal year.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article.

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