Ministers Yogeshwara, Rajugouda may quit today

February 21, 2013

Bangalore, Feb 21: The Congress is yet to announce how many migrants from other parties it will accomodate. But there are speculations that Forest Minister C?P Yogeshwara and Small?Scale Industries Minister Rajugouda will resign from their posts and also give up the BJP membership on Thursday.cpy

It is said that keeping the ‘winnability’ factor in mind, the party high command has orally told these two BJP ministers that they will be inducted into the Congress. However, neither the KPCC?president G Parameshwara nor any of his party colleagues have made any announcement in this regard.

It is said Yogeeshwara and Rajugowda will meet Chief Minister Jagadish Shettar to submit their resignations as ministers in the morning. Later, they may meet Speaker K?G Bopaiah to put in their papers as MLAs.

When contacted by this paper, Yogeshwara said he planned to put in his papers on Thursday. However, he did not categorically say he will join the Congress, though he dropped sufficient hints that he will be the Congress candidate from Channapatna.

Yogeshwara, who is facing a probe by the CID and the Serious Fraud Investigation Office in the Mega City land scam, was elected to the Assembly on a Congress ticket in the 2008 elections. Later, as part of Operation Lotus, he quit the Congress and joined the BJP.

Now, he is all set to return to the Congress. Sources in the Congress said there is stiff resistance from a section of the party to allow the entry of tainted BJP?MLAs.

However, some senior leaders in the party are supporting the BJP?MLAs who are eager to join the Congress. JD(S)?State president H D?Kumaraswamy’s wife and MLA Anita Kumaraswamy is likely to contest from Channapatna. To face the JD(S) in this constituency, the Congress does not have a strong candidate. Hence, it is favouring the re-entry of Yogeeshwara, it is said.

The Congress may not hesitate to allow the entry of four Independent MLAs, it is said. Not less than six BJP?MLAs are waiting for the green signal from the Congress to join the party. But the party is not in a hurry to rush through the decisions as there are many ticket aspirants in the party itself.

The BJP may lose some more MLAs in the coming days. Belur Gopalakrishna, MLA from Sagar, on Wednesday told reporters that he had decided to quit the BJP as the party has ignored him and his Idiga community.

“There are four Cabinet berths vacant. Still, the party is not filling them with deserving candidates. Idigas are nearly 60 lakh in population. But the BJP did nothing for this community,” he said. Asked whether he would join the Congress, he did not offer a direct reply.

Pratap Gouda Patil, BJP?MLA from Maski, may also quit the party soon. Shankarlinge Gowda, BJP?MLA from Chamaraja constituency of Mysore, has already identified himself with the JD(S). He may soon resign as an MLA.

Water Resources Minister Basavaraj Bommai and Suresh Gowda, BJP?MLA from Tumkur Rural, have spiked rumours that they would join the Congress. While Bommai said that he would be with the BJP, Gowda said he had never sought a Congress ticket. At present, the strength of the BJP is 105. Independent MLA Varthur Prakash is a minister. The resignations of two BJP?MLAs Vittal Katakadonda and D?S?Suresh are pending with the Speaker. The Congress has 71 members, while the JD(S) has 25.

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News Network
February 18,2020

New Delhi, Feb 18: India emerged as the world's fifth-largest economy by overtaking the UK and France in 2019, says a report.

A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.

"India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot," it said.

The size of the UK economy is $2.83 trillion and that of France is $2.71 trillion.

The report further said that in purchasing power parity (PPP) terms, India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is $2,170 (for comparison, the US is $62,794).

India's real GDP growth, however, it said is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

The report observed that India's economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.

"These measures have helped India accelerate economic growth," it said.

India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy.

The US-based World Population Review is an independent organisation without any political affiliations.

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News Network
June 5,2020

New Delhi, Jun 5: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala.

On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

It surged 2.41 per cent to its one-year high of Rs 1,618 on NSE.

Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt.

"Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company.

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News Network
May 24,2020

Thiruvananthapuram, May 24: Keralites on Sunday celebrated a low-key Eid-ul-Fitr amid the coronavirus lockdown in the state as most of the faithful marked the culmination of the fasting month of Ramzan by offering thanksgiving prayers at home.

The festival is being celebrated across Kerala and Jammu and Kashmir on Sunday, while the rest of the country will celebrate Eid on Monday.

Kerala Chief Minister Pinarayi Vijayan extended Eid-ul-Fitr greetings to all Keralites across the world.

State Governor Arif Mohammed Khan also extended his festival wishes to all the Keralites.

"May we also have the blessing to prevent and eliminate the COVID-19 disease," Khan tweeted.

Vijayan said this year Ramzan is celebrated at a time when the world is going through "an unprecedented crisis and misery" because of pandemic COVID-19.

"Usual celebration during Ramzan is not there anywhere in the world due to the pandemic. Instead of offering prayers at mosques, which is important for Muslims, this time the prayers and the feast is performed in their homes.

Community leaders have taken this important decision to protect the interests of the society" he added.

The chief minister said Eid-ul-Fitr gives out a message of equality, tolerance and repentance.

The state government had earlier announced that the lockdown restrictions in the state onSunday will be relaxed in the view of Eid-ul-Fitr with shops selling essential items remaining open.

The State government had earlier declared that a complete shutdown would be observed in Kerala on Sundays in order to contain the spread of the deadly virus.

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