With pain and anguish, I quit Cong; won't reconsider decision: Krishna

January 29, 2017

Bengaluru, Jan 29: Having decided to end his nearly five decades old association with Congress, former Karnataka Chief Minister S M Krishna today said the party is in a "state of confusion" on whether it needs mass leaders or not even as he made it clear that he would not reconsider his decision to quit as it was about his "self respect" and "pride".SMKrishna

He, however, made it clear that he was not retiring from active politics."With pain and anguish, I have decided to quit the Congress," 84-year-old Krishna said.

"A situation has now come wherein I have to leave the home in which I resided peacefully for the last 46 years," the former External Affairs Minister, who had maintained a low profile for the last two years, told reporters here.

Krishna declined to spell out the next step, saying he had not yet decided on it but said he had no plans to meet Prime Minister Narendra Modi as was being speculated in the media.

Noting that the Congress had given "everything" to him, Krishna said, "I have seen both good and bad and tasted sweetness and bitterness but my loyalty to the party has always been steadfast.

"But it now seems the Congress is in a confusion whether it needs mass leaders or not. Just managing the situation seems to be good enough," he said.

Krishna said he had been haunted by the "question as to how appropriate it was to sideline a loyal Congress worker keeping the age as a factor for it."

"Age is a question of mental attitude,", he said, adding "a politician never retires, he only fades away."

He said the Congress central leaders tried to persuade him to reconsider his decision but he made it plain to them that he stood by it.

"I reminded the leadership that I am still in existence," he said on a sarcastic note, adding, they said they took note of it.

Krishna made no secret of his unhappiness over the way he had to step down as Minister for External Affairs in 2012 just days before a major ministry revamp, indicating that he expected a 'graceful' exit.

"2012 onwards there is a way of getting rid of a political leader. The Congress should learn the art of being graceful. They could have told me that we are thinking of some drastic step. It would have been a graceful exit," he said in reply to a query about when his "disillusionment" started.

Asked about his next step, Krishna said, "I am not going to spell out what my future plan is. All that I am reiterating is that I am quitting Congress."

He said: "This is a decision which I have taken without consulting anyone except my wife. What my next step will be, I will have to ponder, contemplate, introspect and look around and take a decision."

He also said he was not retiring from politics, adding, "the word retirement is not in my dictionary."

Krishna said Congress President Sonia Gandhi had given him "special respect."
Asked about the respect shown by Rahul Gandhi, he shot back, "I will not speak about Vice-President. I will speak about President."

To a question if he felt Rahul Gandhi was inefficient and a leadership change was needed, Krishna said, "being a national party, we look to the president not to Vice-President, general secretary and some others... Given my seniority in the party, at this stage, I should look to the President, not to others."

Asked if he would reconsider his decision to quit Congress if Sonia Gandhi makes a request, he said he would not do it.

"It is a question of self-respect and pride." Krishna dismissed a question if he was an aspirant for the post of country's Vice-President and whether he would meet BJP leaders, saying, "do you think I have gone crazy."

Asked if he was not deserting the Congress at a time when it was facing severe challenges, he said, "I am not ditching the party. I am quitting the party. I have struggled for the party for 46 years."

"What will happen. What will not happen. You (media) will have to analyse it," Krishna said, when asked would not his exit from the Congress benefit BJP, which is hoping to come back to power in the 2018 Assembly polls in the state.

Comments

shaji
 - 
Thursday, 2 Feb 2017

Dear SM Krishna, we have great respect for you, however pls dont hurt us and lose our respect by joining anti national/any secular/anti poor party bjp. If you cant help congress please dont hurt the party which gave u respect by chosing you to the post of CM of karnataka. You did a good job and we all respect you. However, dont fall in the nest of some crooks who might offer you higher positions. Dont put your faith/self respect on sale. If you cant do anything, pls take retirement from politics and give chance to youngsters

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coastaldigest.com news network
June 29,2020

Mangaluru, Jun 29: Senior IPS officer Vikash Kumar Vikash today took over as the new commissioner of police of Mangaluru city.

He replaced Dr P S Harsha, who was recently transferred and posted as the Deputy Inspector General and Commissioner of Information and Public Relations.

Before coming to Mangaluru as city police chief, Vikash Kumar was the Deputy Inspector General of Police and Commander of Anti Naxal Force.

He had also served as the superintendent of police of Chikkamagaluru district.

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News Network
May 4,2020

Bengaluru, May 4: A total of 37 new COVID-19 cases have been reported in the last 24 hours in Karnataka taking the total number to 651, State Health Department said on Monday.

"Thirty seven new coronavirus positive cases have been confirmed in Karnataka from 5 pm yesterday to 5 pm today. The total number of cases in the state stands at 651," the department said.

The total number of cases includes 27 deaths and 321 persons who have been discharged. Of the remaining 302 cases, 296 patients are in isolation in designated hospitals and six patients are in ICU.

India has registered 2,553 new COVID-19 cases in the last 24 hours and the total number of cases now stands at 44,532.

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Agencies
June 26,2020

New Delhi, Jun 26: With looming uncertainty and no likelihood of an early economic recovery in sight, the bull run in gold prices is here to stay. Analysts expect domestic futures to touch ₹ 52,000 per 10 grams in the next few months, till Diwali.

Experts also predict that with the current trend, gold may reach historic levels around ₹ 65,000 per 10 grams in two years time.

Futures of the yellow metal have touched new highs in India off late. On Wednesday, the August contract of gold futures on the Multi-Commodity Exchange (MCX) touched an all-time high of Rs 48,589 per 10 grams.

It has, however corrected since and is currently trading at ₹ 48,057 on the MCX, higher by ₹ 116 or 0.24 per cent from its previous close.

Market experts are of the view that both domestic and international gold prices are yet not done breaching records and will touch new highs in days to come.

The resurgence in the number of new cases of coronavirus infection across the globe has added to the uncertainty and fears.

Speaking to media persons, Anuj Gupta, DVP for Commodities and Currencies Research at Angel Broking, noted: "In short term we are expecting it to reach ₹ 48,800-49,000 and for long term, we are expecting ₹ 51,000-Rs 52,000 till Diwali."

On the prices in the international market, he said that it may reach around $1,790 per ounce in the near term from the current levels of $1,762 and the long term, it is likely to be around $1,820-1,850 per ounce.

Gupta noted that with International Monetary Fund's (IMF) latest downward revision of economic outlook, both global and of India, and the rising number of cases and high demand by gold exchange traded funds (ETF) have led to this record breaking rise in gold prices.

Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, according to the IMF and the global output is projected to decline by 4.9 per cent in 2020, 1.9 percentage points below the IMF's April forecast.

Hareesh V, Head of Commodity Research at Geojit Financial Services, said that gold's safe haven appeal will remain on the higher side as there is little hope of a quick global economic recovery amid rising virus cases across the world.

"Increased geopolitical instability and an under-performing dollar also lift the metal's sentiments," he added.

According to Prathamesh Mallya, AVP Research, Non-Agro Commodities & Currencies at Angel Broking, said that with the global output to contract and the economies in a deeper recession than most anticipate, gold as an asset class is a safe bet for investors across the globe.

"Although, the physical demand has declined drastically due to the restrictions and lockdowns, the activity of global central banks and their net purchases of gold signal that uncertainty will continue for most of 2020," he said.

He was also of the view that in the international market price of the metal may move towards $1,850 per ounce and in the domestic market it is likely to move higher towards Rs 50,000 per 10 grams.

"The investment demand as seen in the net additions of ETF holdings also signals that gold will shine for a much longer time even if the pandemic is under control. Till then, keep buying gold, if not in physical form, but in digital form," Mallya added.

Industry insiders like Aditya Pethe, Director, WHP Jewellers said: "I basically feel that the current trend for the gold is bullish and for the coming next 2 years, it is likely to move upwards. No one can predict the exact price as currently the trend is on rise but it might change after 6 months. In general for the coming 6 months to one year, the gold prices are likely to cross $2,000 which comes to roughly Rs 55,000. For a temporary moment it may reduce, basically fluctuate as well but overall trend of gold is going to be bullish."

On his part, Ishu Datwani, Founder, Anmol Jewellers said: "Yes - it's very likely that the gold price could easily go up to Rs 60,000-Rs 65,000 in the next two years. There is also a possibility of it going up even more."

"A lot of banks have been buying gold and there is also a possibility that the Indian rupee will depreciate against the dollar. This and geopolitical reasons will cause bullishness in gold."

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