Coalition will work better than one-party govt; floor test on May 25: Kumaraswamy

coastaldigest.com news network
May 23, 2018

Karnataka, May 23: After swearing in as Karnataka's 24th chief minister, H.D. Kumaraswamy assured that their coalition government -- Congress and Janata Dal (Secular) -- will run better than any one-party government.

Addressing a press conference here as chief minister, Kumaraswamy said, "This coalition government (Congress-JD(S)) will run better than anyone party government and we will concentrate on working for the public."

Kumaraswamy was administered the oath by Governor Vajubhai Vala in a gala ceremony held outside the Vidhan Soudha, the state assembly. Karnataka Pradesh Congress Committee (KPCC) president G. Parameshwara also took the oath as the state's deputy chief minister.

The ceremony, which was attended by a battery of political dignitaries, including United Progressive Alliance (UPA) chairperson Sonia Gandhi, Congress President Rahul Gandhi, Bahujan Samaj Party chief Mayawati and West Bengal chief minister Mamata Banerjee, was nothing short of show of unity of the opposition parties, one year ahead of general elections.

Talking about the same, Kumaraswamy said the leaders who came from all over the country wanted to give a message to the nation that "we are one, and, in 2019, there will be a major change in political situation".

"They were not here to protect this government. This government will be protected by local Congress leaders and our leaders," he added.

This is Kumaraswamy's second term as the chief minister of Karnataka since 2007, when he last held the post for 20 months.

Attired in the traditional "dhoti" and white shirt, Kumaraswamy took the oath in the name of God and the people of "Kannada Nadu".

Floor test on May 25

The new Chief Minister told media persons that would take a floor test on May 25th. "I have become a child of circumstances. Many have expressed doubts about the stability of this government. But I will reply to them with my behaviour in future. I will take a floor test on May 25," he said.

"The BJP has accused me of immorality. But if we introspect, I don't know who can claim to be moral and whose moves will be immoral," he said.

"I have myself played a role in bringing down a Congress-JD(S) government in 2006. But that is an old story. This will be a stable government. I assure the people that this will be one of the most stable governments in the State and will work towards solving people's problems," he said.

Comments

Khasai Khane
 - 
Thursday, 24 May 2018

I so wish that, JDs emerges as a largest regional party and kick out all Non-Kannadigas, Congress & BJP and others. Seriously, Imagine the strength of Deve Gowda, HDK, Siddaramiah, DKShi, CM Ibrahim, and other local leaders. Our Kannada nadu will progress like never before. Those Gujrati, Marathi, Malyali, and those reddys, who sould be thrown out.!

 

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News Network
March 11,2020

New Delhi, Mar 11: In the wake of the ongoing political crisis in Madhya Pradesh, Puducherry Chief Minister V Narayanasamy on Wednesday said that Bharatiya Janata Party is using Jyotiraditya Scindia to usurp power in the state and that the former Congress leader has "fallen into the trap."

"#BJP is enacting the strategy the way they did in #Karnataka. It is murder of democracy #JyotiradityaScindia has fallen into the trap. He will realise the himalayan blunder very shortly. BJP after using #Scindia will through (throw) him out. I am confident Shri Kamalnath prove majority," he tweeted.

The Chief Minister's comments came at a time of political turmoil in Madhya Pradesh after Scindia and 22 MLAs resigned from the party on Tuesday.

Scindia is likely to join the BJP today.

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News Network
July 26,2020

Bellary,  Jul 26: A 100-year-old woman resident of Huvina Hadagali town in Bellary district, Karnataka, recovered from COVID-19 after testing positive for the virus earlier this month.

"Doctors treated me well. Along with regular food, I was eating an apple a day. The doctors are giving me tablets and injection, and I am healthy now. COVID-19 is like a common cold," said Hallamma while speaking to news agency.

The woman's son, daughter-in-law, and grandson had also tested positive for the virus, and the family was treated at their home.

According to health department officials, her son works at a bank and had tested positive on July 3, after which Hallamma tested positive on July 16; the 100-year-old reported negative for the virus on July 22.

Meanwhile, the covid-19 death toll in the country rose to 32,063 with 705 fatalities being recorded in a day on Sunday. The number of tests for detection of covid-19 has crossed the 16-million mark in the country.

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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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