Yeddyurappa has no knowledge of economics: Siddaramaiah

DHNS
October 16, 2017

Mysuru, Oct 16: Chief Minister Siddaramaiah on Sunday lambasted BJP state president B S Yeddyurappa for accusing the state government of misusing funds and also defended the government’s move to divert surplus funds from Mysore Minerals Limited (MML) to cooperative banks.

Speaking to reporters at Mysore Airport in Mandakalli near here, Siddaramaiah said Yeddyurappa does not have even minimum knowledge about economics. “Who is he to speak about financial matters?” he asked.

The chief minister said that the government directed MML to deposit Rs 1,000 crore with the Apex Bank to waive farmers’ loans as the government did not allocate funds for it in the budget. “What is wrong in diverting government’s money to banks for the welfare of the farmers. Is MML a foreign company? MML funds belong to the government and it is a common procedure,” he said.

The government will return the money in the next budget. Yeddyurappa, who had served as finance minister, does not know anything about MML,” he said.

Yeddyurappa had earlier said that the government has been misusing funds and pressuring MML to deposit money with the Apex Bank.

Siddaramaiah said the financial condition of the state is stable and former prime minister Manmohan Singh, also an economist, has appreciated the state.

Comments

Hari
 - 
Monday, 16 Oct 2017

Siddu knows better. so he loots without getting leak

Unknown
 - 
Monday, 16 Oct 2017

Should stop unwanted controversial statements. Not only from cong. Bjp people also should stop. Then half of the problem will be saved automatically

Kumar
 - 
Monday, 16 Oct 2017

Yeddy has some knowledge of economics. Thats why he looting

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News Network
February 27,2020

Bengaluru, Feb 27: The Centre has adopted Prime Minister Narendra Modi's mantra of "Make in India', for India and the world" to build strong defence and security infrastructure in the country, said Defence Minister Rajnath Singh after inaugurating the new Light Combat Helicopter Production Hangar at Helicopter Division in Hindustan Aeronautics Limited (HAL) Complex here on Thursday.

According to an official statement, the Defence Minister said in the last five years, India has made significant progress towards manufacturing military equipment indigenously under the 'Make in India' initiative.

Stressing that the defence industry plays a major role in the economic development of the country, Singh lauded the significant contribution of organisations like HAL.

Highlighting the Rs 35,000 crore exports target set for the coming years, he expressed confidence that HAL, through its various platforms, will contribute significantly to achieve this milestone.

According to the statement, Rajnath Singh commended HAL for being the backbone of the Indian Air Force and meeting the requirements of the Armed Forces.

"The HAL has excelled both in operations and finance in the last five years. It has achieved operational clearance on seven platforms, including Light Combat Aircraft and Light Combat Helicopter, and overhauled platforms like Hawk and SU 30 MKI," he said.

He also appreciated that HAL had a turnover of Rs 19,705 crore till March 2019 and it gave shareholders a healthy dividend of 198 per cent.

HAL also apprised the Defence Minister on the progress of the new design and development programme of indigenous Indian Multi-Role Helicopter (IMRH), the statement informed.

The full-scale mock-up was showcased to Rajnath Singh. The IMRH is proposed as a replacement to the existing medium-lift helicopters such as Mi17's, Kamovs and Seakings which will phase out in the next eight to ten years.

LCH is a 5.5-tonne class combat helicopter designed and developed by HAL. It is powered by two Shakti engines and inherits many technical features of the Advanced Light Helicopter. LCH has the distinction of being the first attack helicopter to land in Forward Bases at Siachen, 4,700 mts above sea level with 500kg load.

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News Network
June 26,2020

Bengaluru, Jun 26: A 60-year-old woman, who tested positive for COVID-19 positive and was undergoing treatment, allegedly committed suicide by hanging herself in the restroom of KC General hospital last night.

According to the police, the 60-year-old female COVID-19 patient hung herself in the restroom of KC general hospital in Bengaluru. She was admitted to the hospital on June 18 along with her daughter-in-law and grandson.

"Around 2 am, she went to the washroom. When she did not return back, her daughter-in-law went to check where she found her hanging dead," confirmed Bengaluru police.

An investigation into the matter is underway, police said.

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coastaldigest.com news network
June 29,2020

Mangaluru, June 29: Six more personnel from Ullal Police Station in Mangaluru taluk have tested positive for covid-19. 

With this, the total number of covid positive cops from the Ullal Police Station mounted to 10.

Official sources said that throat swabs of five police personnel and a Home Guard from Ullal today received positive report today. Earlier, four other cops were tested positive. 

In addition to the police personnel, two undertrials arrested by the Ullal police on the charges of murder attempt at Thokkottu Olapete too were tested positive for Covid-19 June 28.

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