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Sunanda Pushkar leaves behind a fortune, but no will

January 23, 2014

Sunandas_PropertyNew Delhi, Jan 23: As Delhi police investigates death of Sunanda Pushkar Tharoor, she has left properties, investments, watches and antiques worth millions in India, UAE and Cananda.

As per the declaration of assets filed by Sunanda Pushkar Tharoor to government of India, she owned 12 flats in Dubai worth around Rs93 crore and also a house in Ontario in Canada, which is also worth around Rs3.5 crore as per official records. Shiv Menon, her son from second husband, lives in one of the Dubai flats. Shashi Tharoor and Sunanda, as per the law, have filed their annual asset declaration statements on 31st January 2013, which also mentions her shares, deposits and cash in various currencies valuing to around Rs seven crores.

In tandem with her exquisite style, Sunanda inherited a collection of antique shahtoosh shawls from her grandmother worth around Rs30 lakh. She has also kept an antique armour and a Humayuni sword from Mughal Emperor Humayun’s era in a storage in Canada, the value of which is unknown.

In absence of a formal will it is to be seen who will inherit her property. “As for as I know, she has not left any will. If that would have been the case, we would have known that,” said her close friend. Sunanda, known for her style and fashion sense also had jewellery worth around Rs two crore in lockers in Dubai, besides an exotic collection of 25 foreign watches worth around Rs five crore.

At her native place in north Kashmir, Sunanda, owns land worth Rs12 lakh and had purchased two cars worth Rs five lakh and Rs nine lakh in Dubai and Delhi respectively. She had clarified that she is not involved in any businesses, but occasionally practiced as real estate consultant in the UAE, which remained her place of domicile.

Sunanda was found dead inside hotel room in Delhi last Friday and SDM inquiry has established she has died of poisoning. Police is investigating whether the dead was homicidal, suicidal or accidental and is awaiting detailed toxicology report of viscera.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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News Network
July 12,2020

Hubli, Jul 12: Union Parliamentary Affairs Minister Pralhad Joshi on Sunday said that the Monsoon session of Parliament will be held with the government ensuring all health precautions for COVID-19 are followed.

"Monsoon session (of Parliament) will certainly be held. The government will do all the formalities and take all precautions," the Parliamentary Affairs Minister told reporters here.

Earlier in March, the Parliament had passed 12 bills during the curtailed budget session with Lok Sabha passing 15 bills and Rajya Sabha 13.
During the session, 19 bills were introduced in the two Houses (18 in Lok Sabha and 1 in Rajya Sabha). The two Houses were adjourned sine die after completion of the budgetary process including passage of the Finance Bill.

The second part of the session was curtailed in view of the threat of the spread of coronavirus.
On June 1, Rajya Sabha Chairman M Venkaiah Naidu and Lok Sabha Speaker Om Birla had held a detailed discussion on holding the ensuing monsoon session of Parliament in view of the coronavirus-induced norm of social distancing, sources said.

They said the leaders have taken note of reports suggesting that the fight against COVID-19 is likely to be a long haul.

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News Network
April 7,2020

New Delhi, Apr 6: Kerala Governor Arif Mohammad Khan on Monday complimented his counterparts in other states for voluntarily accepting a 30 per cent cut in their salaries and allowances in the fight against coronavirus.

Talking to the news agency over the phone, Khan referred to the announcement in this regard made by the Centre on Monday and said he had already written to President Ram Nath Kovind, asking him to reduce his salary and allowances by 30 per cent.

"It is everyone's duty to do this when the country is fighting the pandemic. Even if it is more than 30 per cent of the salary cut, we have to accept it, he said.

The country is fighting an invisible enemy and it is everybody's duty to contribute to meet the challenge, the governor said.

Khan appreciated the LDF government in Kerala and Chief Minister Pinarayi Vijayan for taking "proactive" measures in containing spread of coronavirus.

"The government is keeping me informed about the measures taken by it and I on my part give them suggestions and ideas to tackle the menace," he said.

In Kerala, "We have a capable and competent government and over 80 per cent of patients in the state are those Indians who returned from abroad or foreigners. The community spread cases are very less, he said.

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