Watch row: Cong high command not happy with CM's explanation

February 28, 2016

New Delhi: Feb 28: Although Karnataka Chief Minister Siddaramaiah gave his version of the row over the “gift” of a luxury watch sported by him, the Congress high command is not fully satisfied that he will be able to weather the political storm generated by the episode.

watchWith new angles being added to the row by the Opposition leaders, the high command was mulling ways to contain the damage to the Congress' prospects in the remaining two years of its rule in the State.

Party sources said the high command was not happy over such rows coming to light when Congress vice-president Rahul Gandhhi had himself led a strong campaign against Prime Minister Narendra Modi for his “suit-boot” government. It was pointed out to the chief minister that if the controversy was not contained immediately, it could tell upon

Congress' campaign against the BJP in several states and at the Centre, on corruption.

The Congress high command is also unhappy that the State government's popularity was not showing an upward trend as reflected in the Zilla and Taluk panchayats polls.

Though the chief minister, during his meeting with party president Sonia Gandhi and vice-president Rahul Gandhi on Friday, defended the watch issue saying it was gifted by his friend, it was learnt that the high command wanted him to act further to prevent recurrence of such controversies.

Karnataka Congress president G Parameshwara, who had met Rahul Gandhi a couple of days before the chief minister's Delhi visit, is understood to have conveyed that the watch controversy was one of the main reasons for the party's average performance in the recently held elections.

Despite the chief minister claiming that he had delivered a good administration in the past three years, many state leaders had told the high command that the latest controversy had only sullied the State government's image.

A section of party leaders who are upset with the chief minister, are of the view that, as part of damage-controlling measures, “urgent corrective steps” are reuqired to be taken. But the party high command is not clear as yet as to what steps should be taken, sources said.

Not Cong culture'

Senior party leader B K Hari Prasad on Friday also criticised the chief minister over the watch row and said wearing luxury watches is not Congress culture. Attacking Chief Minister Siddaramaiah for poor performance in the recently held Assembly by-poll and zilla and taluk panchayats polls, the party national general secretary also said it was a strategic blunder committed by the chief minister.

Criticising the chief minister's style of functioning, Hari Prasad said, “The chief minister has not adapted to Congress culture. He should not ignore old Congress leaders.”

Comments

Mani
 - 
Sunday, 28 Feb 2016

Congress is not happy because ...Siddu is different than the rest . as he delivered Good governance ...

Congress will be happy if Babies killed in Muzaffarnagar...is happy if Muslim called anti national....is happy when Afzal guru hanged ...is happy when introducing UAPA which is almost used against Muslims

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coastaldigest.com news network
July 26,2020

Udupi, Jul 26: Two persons including a lady doctor have been arrested by the Kaup police in Udupi district for trying to use fake salary documents to avail loan from a bank to buy a car. 

According to police, on July 24, the doctor had visited Bank of Baroda's branch office at Kaup Moodabettu. She had approached the branch manager for a car loan for herself and her brother. She claimed that her monthly salary is Rs 2.66 lakh.

The bank verified the details furnished along with the loan application. The bank found that even though the doctor had furnished salary slips of Manipal Academy of Higher Education, she was presently not employed there.

The bank manager has filed a complaint at Kaup police station, accusing the doctor of trying to cheat the bank by availing loan on the basis of fake documents.

The police registered a case and nabbed her when she visited the Katapady branch of the same bank today. The police also arrested a man, who according to the doctor, created fake documents for her.

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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July 8,2020

Manjeshwar, Jul 8: Manjeshwar police arrested a man with 10 Kg of Ganja while fleeing away from a checkpoint at Battippadavu last night.

The police said on Wednesday that since the vehicle did not stop they had to chase it and after going some distance the driver lost control over the steering and it met with an accident.

The police immediately arrested the accused and the ganja was found concealed in a gunny bag.

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