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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News Network
January 11,2020

Mangaluru, Jan 11: CISF officials detained a passenger at Mangaluru International Airport here and seized from him currencies of foreign countries worth about Rs five lakh here on Saturday.

Official sources said that the passenger, identified as Shahul Hameed Theruvath, was supposed to take the Spice jet flight SG 059 for Dubai.

During the X BIS screening process, CISF officials noticed some suspicious image in Shahul’s hand baggage.

The thorough check of bag revealed foreign currencies of various countries worth Rs 5.48 lakh. The seized currencies were 76 US dollars of 100 denomination, Chinese Yuan, Malaysian Ringgits and Turkish Lira of smaller denomination. The currencies that were in his possession did not have any legal permission.

The personnel handed over the foreign currency recovered and the passenger to Customs officials for further inquiry.

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News Network
February 15,2020

Bengaluru, Feb 15: The new Karnataka Minister for Forest Anand Singh on Friday said that he is ready for 'change in the portfolio' as opposition parties are leveling charges against Chief Minister B S Yediyurappa for appointing him, despite having 15 cases registered under Forest Act against him.

"If Chief Minister wants to change my portfolio, I am ready," he added.

Speaking to newsmen here, he said that there are 15 cases pending against him. The Legislator from Vijayanagara in Mine rich Ballari district said anyone can go through the Chargesheets and find out whether there are any direct charges against him. Claiming that the cases against him were 'minor violations', he had earlier linked them to traffic violations by a vehicle owner.

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News Network
March 30,2020

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."

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