RS ticket denial may signal end of Krishna's career

June 10, 2014

Bangalore, Jun 10: AICC vice president Rahul Gandhi has stuck to his stand of giving opportunities to young leaders and bid goodbye to old-timers in elections. The party has chosen M?V?Rajeev Gowda over one of its oldest leaders and former union minister S?M?Krishna as its candidate for the Raj­ya Sabha elections from the State.

krishnaGowda, 50, teaches economics at Indian Institute of Management, Bangalore. He is among the AICC’s panel of 40 to 50 spokespersons. The sitting RS member Krishna is 83. Till three days ago, there was no doubt about the candidature of Krishna.

However, suddenly there was a change in the thinking of the high command and Rahul stuck to his stand of not encouraging leaders who are aged more than 75 to become MPs.

Congress insiders see the party’s decision against fielding Krishna for the RS?polls at the end of his long political career. He had served in public life in various capacities in the last five decades. He has served as union minister, Speaker of the Legislative Assembly, State Congress president, chief minister of Karnataka and Governor of Maharashtra. With bleak chances of Congress coming to power at the Centre in the near future, there is no scope for him to occupy any prime position, it is said. Krishna, who was in Bangalore, remained incommunicado.

Ever since his resignation as the external affairs minister in October 2012, Krishna has been keeping a low profile in the party. The party, too, did not involve him much in both the Assembly and Lok Sabha elections. So much so that it refused to give tickets to contest the Assembly elections to many of his followers, including Ravindra Srikantaiah from Srirangapatna.

Rajeeva Gowda, son of former Assembly Speaker the late M V Venkatappa, holds a doctor of philosophy (PhD) in Public Policy and Management from the Wharton School, University of Pennsylvania, USA.

Gowda had aspired to contest the recent Lok Sabha polls from Bangalore North constituency. He unsuccessfully contested the internal elections (also called primaries) conducted by the party to choose the candidate for the constituency.

C?Narayanaswamy won the internal polls and became the candidate, but could not win the seat. Many senior party leaders were taken by surprise over Gowda’s lobbying for a ticket in Delhi. They presumed that at the most, he may become an MLC.

The party had given preference to youth in most cases while fielding candidates for the Lok Sabha elections in the State. Former union minister and leader of the minorities C K Jaffer Sharief’s plea for a ticket to contest from Bangalore Central constituency was overlooked by the party. Instead, youth Congress leader Rizwan Arshad was fielded. But, Arshad lost the elections.

The party did not budge from its stand, despite Sharief threatening to join the JD(S). He went to the extent of resigning from the party membership, but the Congress remained undeterred. Many old-timers in the party fear that they would meet the same fate in the coming days.

Senior leader M V Raja­sekharan said Rajya Sabha is the House of Elders. “Presence of experienced leaders like S M Krishna is necessary in the Upper House. I hope the party will utilise the experience of Krishna in the coming days,” he said.

Parameshwara, who is a follower of Krishna, said he has been pained by the party’s decision not to field Krishna and expressed hope that he will be given a suitable position in the coming days.

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News Network
June 12,2020

New Delhi, Jun 12: Petrol price on Friday was hiked by 57 paise per litre and diesel by 59 paise a litre as oil companies adjusted retail rates - the sixth straight day of increase in rates since oil firms ended an 82-day hiatus of rate revision.

Petrol price in Delhi was hiked to Rs 74.57 per litre from Rs 74, while diesel rates were increased to Rs 72.81 a litre from Rs 72.22, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary in each state depending on the incidence of local sales tax or value added tax.

This is the sixth consecutive daily increase in rates since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In six hikes, petrol price has gone up by Rs 3.31 per litre and diesel by Rs 3.42.

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News Network
April 13,2020

Thiruvananthapuram, Apr 13: Three more people in Kerala tested positive for novel coronavirus disease on Monday, said Chief Minister Pinarayi Vijayan.

"With 3 new COVID-19 cases, the total number of cases in the state has reached 378," said Vijayan at a press conference.

Giving a break-up of the three confirmed COVID-19 cases, he said, "Of the 3 cases, 2 are from Kannur and 1 is from Palakkad."

He further said, "Till date, 15,683 samples tested, out of which 14,829 tested negative."

However, the total number of positive cases is decreasing, the Chief Minister added.

According to a recent update by the Ministery of Health and Family Welfare, the total number of cases in the country has reached 9352.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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