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Siddu may drop 10 ministers; Rizwan, Madhwaraj among new aspirants

[email protected] (CD Network)
June 15, 2016

Bengaluru, Jun 15: Around 10 “non-performing” Ministers in Karnataka may lose their posts as the Chief Minister Siddaramaiah is all set for the much awaited reshuffle of State Cabinet and induction of a few new faces.

Untitled-2 copyThe CM feels that this is the right time to the reshuffle as the election cycle' (gram panchayat, zilla panchayat, Legislative Assembly by-polls, Legislative Council, and Raja Sabha elections), is already completed in the state.

Mr. Siddaramaiah is expected to leave for Delhi on Thursday to discuss the matter with the party high command. Several Congress leaders, including some Ministers from the State, are said to be “lobbying” with the high command. Some have submitted a petition demanding that “non-performing” Ministers be dropped.

Senior legislators A.B. Malakaraddy, K.B. Koliwad, Basavaraja Rayareddy, P.M. Ashok, Hampanagouda Badarli, Appaji Nadagouda, G.T. Patil, H.Y. Meti, Ajay Singh, Priyank Kharge, Rizwan Arshad, and Pramod Madhwaraj have been camping in Delhi for the last two days and meeting senior party leaders seeking Cabinet berth, according to sources.

Preliminary discussions were already held between the Chief Minister and AICC general secretary in-charge of Karnataka Digvijaya Singh during the latter's visit to the State last week. The party is also expected to take a decision on appointing a new Karnataka Pradesh Congress Committee president.

Nearly 30 MLAs have been spearheading the demand for a Cabinet reshuffle, claiming that the government's image has sullied owing to “non-performing” Ministers holding prominent portfolios. Ministers who have faced controversies, such as P.T. Parameshwara Naik, Baburao Chinchansur and eight or nine others, may face the axe, said sources.

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Wednesday, 15 Jun 2016

Rolls Royce Madhwaraj.

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coastaldigest.com news network
May 18,2020

Bengaluru, May 18: With the detection of 99 fresh cases of COVID-19, highest single-day spike, including 24 from Bengaluru Urban district, the total number of persons contracted for the disease in the state has surged to 1,246.

Apart from 24 fresh cases in Bengaluru Urban district, Mandya recorded 17 cases followed by Uttara Kannada (09), Raichur (06), Yadagiri (06), Gadaga (05), Kalaburagi (10), Hassan (04), Koppal (03), Vijayapura (05), Mysuru (01), Belagavi (02), Ballari (01), Udupi (01), Kodagu (01) and Koppal (03).

So far 37 persons had succumbed to the virus in the state.

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News Network
April 27,2020

Bengaluru, Apr 27: A 57-year-old man died of COVID-19 in Kalaburagi on Monday taking the fatalities due to the virus in Karnataka to 20.

"One more person died due to COVID-19 in the state. The 57-year-old person was tested positive for coronavirus on April 21," Medical Education Minister Dr K Sudhakar tweeted on Monday evening.

The minister said he was admitted to the Gulbarga Institute of Medical Sciences with respiratory problem.

He was also suffering from severe liver related ailments.

"With this five deaths have taken place in Kalaburagi district due to the virus," the minister added in his tweet.

The first COVID-19 death in the country was reported from Kalaburagi in March.

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News Network
January 15,2020

Bengaluru, Jan 15: The Indian startups secured 12.7 billion in funding last year -- a 15% growth compared to 2018 - and Bengaluru startup community topped the list, with securing $5.3 billion across 267 deals, a new report said on Tuesday.

In total, the Indian startups attracted 766 deals in 2019, taking total deal count between 2014-2019 to 5,011, said DataLabs by Inc42 in its annual startup funding report.

Sequoia took the top spot as the most active VC in 2019 with 53 deals, followed by Accel that participated in 38 deals. Blume Ventures, Matrix Partners and Tiger Global were in the top five VCs in 2019.

"The Indian startup economy is entering new decade with over $58 billion in fundraising and 2,984 funded startups between 2014-2019," the findings showed.

With an average of $21 million, the ticket size value of funding increased by 15% in 2019.

Ecommerce and fintech -- with $2.6 billion funding each -- took the top slot with 93 deals and 125 deals, respectively.

"Ecommerce continued to remain at the top by the end of 2019. The growing investor confidence towards sub-sectors such as vertical ecommerce, social commerce and private label businesses is one major factor for ecommerce maintaining its lead," a DataLabs spokesperson said in a statement.

According to the estimates, the funding amount and deal count in 2020 will be around $12.6 billion at a 1% decline from 2019.

"Nevertheless, the investment activity is expected to rise in 2021," said the report.

The data suggests that 2019 had lowest number of startups funded (664) in the last five years, with seed-stage funding deals dropping by 53%, compared to 2016.

With $252 million in funding, seed-stage deal value fell by 44% (compared to 2018) as only 306 seed funding deals were recorded, the report said.

The enterprise tech had a blockbuster year with total funding of $1.15 billion across 114 deals in 2019. The sector recorded a 49% surge in total funding amount, compared to 2018.

The Indian startup economy saw 275 unique VCs participating in funding in 2019, said the report.

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