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You are here: Home / 2018 / Archives for May 2018

Archives for May 2018

Rs 4 a litre hike in petrol , diesel prices coming days, say Stock Broker firms

May 17, 2018 by Nasheman


A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said.

No sooner had Karnataka polled to elect a new state government, state-owned Indian Oil Corp (IOCNSE -0.72 %), Hindustan PetroleumNSE -0.28 % Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCLNSE -1.95 %) on Monday ended a 19-day hiatus in revising petrol and diesel prices and reverted to the practices of of changing rates on a daily basis.
Since then petrol price has risen by 69 paisa a litre, including a 22 paisa hike effected today that took rate in Delhi to Rs 75.32, the highest in almost five years. Diesel prices have gone up by 86 paisa a litre, including 22 paisa increase today that took the rate to their highest ever of Rs 66.79 a litre in Delhi.

“Our computation suggests that downstream oil marketing companies (OMCs) are required to increase retail prices of diesel by a steep Rs 3.5-4 a litre and gasoline (petrol)by Rs 4-4.55 per litre in the coming weeks to earn normative gross marketing margins of Rs 2.7/litre,” Kotak Institutional Equities said in a report.

The increase is based on assumption that global price of diesel and petrol and Rupee-US Dollar exchange rate remain stable hereon.

“We note that the lack of price hikes over the past three weeks, before Karnataka elections amid a sharp increase in global crude/product prices, has resulted in sharp moderation in gross marketing margins to around Rs 0.5-0.7 a liter,” it said.
Last week, ICICI Securities had said that auto fuel net marketing margins were weak at Rs 0.31 a litre due to no price hike after April 24.

OMCs returned to daily price revision from May 14. They are estimated to have lost about Rs 500 crore on absorbing higher cost resulting from the spike in international oil rates and fall in rupee against the US dollar.

The benchmark international rate for petrol, used for revising rate on April 24, had gone up from USD 78.84 per barrel toper barrel to USD 82.98 on May 14. It has further risen to USD 83.30, indicating more daily hikes would be needed to level retail price with cost.

Similarly, benchmark international diesel rates during this period have climbed from USD 84.68 per barrel to USD 88.93. Also, the rupee has weakened to Rs 67.06 per US dollar from Rs 66.62, making imports costlier.

Filed Under: Business & Technology

Congress stakes claim to govt in Goa, RJD in Bihar After BJP’s ‘largest-party theory’ in Karnataka Govt

May 17, 2018 by Nasheman

A day after Karnataka governor Vajubhai Vala invited BJP, the single-largest party, to form a government in the state, two Opposition parties, the Congress and the RJD, are demanding that the governors of Bihar and Goa should invite them to stake claim to the government as they were the single-largest parties in last assembly polls held in these states.
While the Congress announced it will be meeting Goa governor Mridula Sinha to ask him to invite the party to stake claim to the government, RJD leader Tejashwi Yadav also asked the Bihar governor Satya Pal Malik to dissolve the assembly and invite his party to form a government in the state.
In Goa’s 2017 assembly election, Congress was the single-largest party with 21 seats in the 40-seat assembly, however, it was the BJP through a post-poll alliance that ended up forming the government, In Bihar, the RJD was the single-largest party with 80 seats in the 243-seat assembly in the 2015 assembly election, but it ended up in the opposition.
According to reports on ANI, Congress’s Goa in-charge Chella Kumar today said he along with more leaders will meet the governor of Goa and ask him to invite his party to form the government. The party is also planning to parade its 17 MLAs at the governor house, according to a source.
Soon after, in an apparent show of unity against the events unfolding in Karnataka, RJD leader Tejashwi Yadav followed suit, asking governor Satya Pal Malik to dissolve the Bihar assembly and invite RJD on account of it being the single-largest party in the state.
“We would be holding a one-day dharna tomorrow against the murder of democracy in Karnataka. We also request the Bihar governor to dissolve the state government and like in Karnataka invite the single largest party, which in Bihar is the RJD,” said Tejashwi Yadav.

Filed Under: News & Politics

‘State of Indian judiciary equivalent to Pakistan and Africa’ : Rahul Gandhi attacks BJP

May 17, 2018 by Nasheman


congress president Rahul Gandhi on Thursday hit out at the Narendra Modi-led BJP dispensation at the Centre, saying the Indian Constitution was under “severe attack” and the current state of the judiciary was like that of Pakistan.

“Usually people go to the Supreme Court for justice. But, for the first time in 70 years we saw Supreme Court judges coming to the people complaining that they are being intimidated and they are not being allowed to do their job,” Rahul Gandhi said while addressing a Jan Swaraj Sammelan in Chhattisgarh.

”Such a thing,” he added, ”normally happens in dictatorships.”

“It happened in Pakistan and Africa. But this happened for the first time in 70 years in India,” he said, referring to the Supreme Court’s judges press conference earlier this year.

”RSS is making way into all institutions in the country. Aisa Pakistan ya tanashahi mein hota hai,” the Congress president said in Chhattisgarh’s capital Raipur.

RSS is making way into all institutions in the country. Aisa Pakistan ya tanashahi mein hota hai: Congress President Rahul Gandhi in Chhattisgarh’s Raipur

While Congress president Rahul Gandhi said India mourns the defeat of democracy, the party’s communications in-charge Randeep Surjewala described the events in Karnataka as a “black spot” on the country’s democracy that will be erased.

Earlier in the day, the Gandhi scion had accused the BJP of making a mockery of the Indian Constitution. Rahul taking to his Twitter handle said that this day India will mourn the defeat of democracy.

“The BJP`s irrational insistence that it will form a Govt. in Karnataka, even though it clearly doesn’t have the numbers, is to make a mockery of our Constitution,” he tweeted .

“This morning, while the BJP celebrates its hollow victory, India will mourn the defeat of democracy,” he added.

The BJP’s irrational insistence that it will form a Govt. in Karnataka, even though it clearly doesn’t have the numbers, is to make a mockery of our Constitution.

This morning, while the BJP celebrates its hollow victory, India will mourn the defeat of democracy.
Rahul’s remark evoked an equally hard-hitting and prompt response from BJP chief Amit Shah.

The BJP chief hit back at Rahul Gandhi after the latter accused the BJP of murdering the democracy. Shah tearing into Rahul Gandhi said that the democracy was murdered by the Congress the minute it decided to ally with the Janata Dal (Secular) (JD-S) for political gains.

Shah continuing his tirade against the grand old party chief said that it was at the time of emergency imposed by the latter party that the constitution of democracy was heavily damaged.

“The `Murder of Democracy` happens the minute a desperate Congress made an `opportunist` offer to the JD(S), not for Karnataka`s welfare but for their petty political gains. Shameful!,” Shah tweeted.

The ‘Murder of Democracy’ happens the minute a desperate Congress made an ‘opportunist’ offer to the JD(S), not for Karnataka’s welfare but for their petty political gains. Shameful!

”President of the Congress obviously doesn’t remember the glorious history of his party,” Shah said in another tweet.

President of the Congress obviously doesn’t remember the glorious history of his party.

The legacy of Mr. Rahul Gandhi’s Party is the horrific Emergency, blatant misuse of Article 356, subverting the courts, media and civil society.
”The legacy of Mr. Rahul Gandhi’s Party is the horrific Emergency, blatant misuse of Article 356, subverting the courts, media and civil society,” he added.

Rubbishing all allegations, the BJP chief said that it was his party which won the mandate of the people by securing 104 and not the Congress or the JD (S).

“Who has the people’s mandate in Karnataka? The BJP, which has won 104 seats. Or Congress which dropped to 78 seats, whose own CM and Ministers lost by big margins. JD(S) who won only 37 seats and lost their deposits on several others. People are wise to realize,” he tweeted.
The BJP, which has won 104 seats.
Congress which dropped to 78 seats, whose own CM and Ministers lost by big margins.
JD(S) who won only 37 seats and lost their deposits on several others.

People are wise to realise.
”Congress which dropped to 78 seats, whose own CM and Ministers lost by big margins. JD(S) who won only 37 seats and lost their deposits on several others,” he said.

The war of words between Shah and Gandhi erupted after Yeddyurappa took oath as the 23rd chief minister of Karnataka after the Supreme Court this morning decided not to put a stay on the swearing-in.

The apex court passed its order while conducting an overnight hearing during which Congress and JD(S) pleaded it to stop the oath ceremony, citing BJP`s inadequate strength in the assembly to stake claim at forming the state government.

Late last night, Congress and JD(S) challenged Karnataka Governor Vajubhai R Vala`s decision in the top court to invite BJP to form the government even when the saffron party, with 105 MLAs, including one Independent MLA, is seven short of the halfway mark of 112.

They contended that they, with a total strength of 115 MLAs, are in a better position to form the government. Though Vala invited the BJP to form the government, he has given 15 days to the saffron party to prove its majority in the state assembly.

Filed Under: News & Politics

7 ‘EVM hackers’ handover from losing candidates in Mysuru

May 17, 2018 by Nasheman


Some defeated candidates brought a group of seven people for the police to arrest, alleging that this group had managed to hack the EVMs in the recently concluded Assembly polls.

The incident took place at Narasimha Raja (NR) police station on Wednesday late night.

A large number of people gathered in front of the police station at 11 pm.

City Police Commissioner A Rao said that some candidates of NR, Chamaraja and KR Constituencies, who lost the recent polls, alleged that the seven people they handed over to the police had managed to hack EVMs.

The defeated candidates said that the group of seven had approached them prior to the elections offering to hack the EVMs for them. But they had sent the unscrupulous group away without accepting their offer.

The defeated candidates alleged that they had lost solely because this group had hacked EVMs for the contestants who won.

Rao confirmed that the police did not register any case in this connection and no one was taken into custody.

Deputy Commissioner Abhiram G Sankar stated that it was not possible to hack the EVMS.

Filed Under: Crime

The Story Behind New CM Yeddyurappa’s Green Shawl

May 17, 2018 by Nasheman

The newly appointed Chief Minister on Thursday took oath in the name of farmers and the almighty.
Despite Congress-JD(S) moving the Supreme Court late last night and protests outside Raj Bhavan on Thursday morning, Bharatiya Janata Party (BJP) leader BS Yeddyurappa, sporting his green shawl, was sworn in as the Chief Minister for the third time.

With the ongoing farmer crisis in the country and the BJP promising farm loan waiver worth Rs 1 lakh crore in their electoral campaign, BS Yeddyurappa’s green shawl was a reminder of his commitment to farmers’ issue.

The newly appointed Chief Minister on Thursday took oath in the name of farmers and the almighty.

The senior leader is also known for his dressing sense.

He belongs to a minority group of politicians who wears a safari suit, shunning the typical khadi shirt-trouser, kurta-pyjama or jubba-dhoti.

Yeddyurappa used to wear a shirt and trouser when he worked as a lower level employee of social welfare department. Later, when he became a pracharak of RSS, he wore a white shirt and khaki cheddi. As a senior politician, he wore safari suit most of the time. He has been seen in a shirt and trouser too.

When he visited temples, he wore a lungi or dhoti. When he took oath as the Chief Minister for the first time, Yeddyurappa wore his trademark safari suit. When he became CM for the second time, Yeddyurappa wore a safari but wrapped his shoulders with a green shawl.

Yeddyurappa became the only CM in south India to wear a band gala. His counterparts in Andhra Pradesh, Tamil Nadu and Kerala wear a lungi or dhoti with a shirt or jubba. The late Andhra Pradesh CM YS Rajasekhara Reddy was alway seen wearing Andhra panche with a jubba. Kerala’s V S Achutanandan wears a white mundu and jubba. Karunanidhi wears a lungi and shirt.

Yeddyurappa was born to Siddalingappa and Puttatayamma at Bookanakere of Krishnarajpet Taluk in Mandya District on 27 February 1943 in the family of two brothers and two sisters. He completed his B.A. Graduation in Bangalore. He came into the contact of RSS at the age of fifteen.

In 1965, Yeddyurappa went to Shikaripura in Shivamogga district for spreading the work of Rashtriya Swayamsevak Sangh. He developed a good rapport with the public and people of Shikaripura. Later, he married Maitradevi on 5 March 1967 and has two sons and three daughters. He worked as a Sangha Karyavaha during 1970-72. In 1972, at the age of 29 years he entered public life by becoming the Taluk President of Janasangh in Shikaripura. From 1974 to 1976 he served as the Director of Veerashaiva Cooperative Society.

In 1976, he was elected as Town Municipality Member of Shikaripur. During 1975 emergency period he was imprisoned for forty five days at Shivamogga and Ballari prisons. In 1977, he became Municipality President. He was also elected as the President of Janata Party in the same year.

“For the last 45 years, even today, I’m going to my farm. I have coconut garden and mango garden. We also cultivate paddy and grow vegetables, so many things we do in our farm. Even now whenever I go to my native place, Shikaripura, I go to my fields and I’ll spend hours together there. From last 45 years I’m an agriculturist. Even today my son and I are looking after our fields,” said Yeddyurappa on his official website.

Filed Under: News & Politics

Cauvery: SC reserves order on Centre’s draft scheme

May 17, 2018 by Nasheman


The Supreme Court on Thursday reserved its order on the Central government’s draft Cauvery management scheme, saying it would pass the order after examining whether the scheme was in consonance with its earlier judgment.

A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud said it would issue the order on Friday at 2 p.m. If not on Friday, the order would be passed on May 22 or 23, it said.

Karnataka had raised objections to the draft scheme, saying it was not in “consonance” with the Supreme Court judgment.

The top court on Wednesday asked the central government to modify its draft scheme for setting up of a Cauvery Management Board (CMB) that will be the sole authority for implementing the Cauvery Water Tribunal Award.

It also sought dropping of the clause which said that in case of a dispute, the matter would be decided by the Centre and it would be final and binding.

The Centre was also asked to drop the clause that said that the Centre would give directions from time to time to the implementing authority — a clause objected to by Tamil Nadu.

The 2007 Cauvery Water Tribunal Award was modified and reaffirmed by the top court by its February 16 verdict.

The court said the Central government would only be issuing administrative directions for implementing the award.

The CMB would be headquartered in Delhi while the office of the regulatory authority would be in Bengaluru.

Filed Under: Human Rights

77 new Karnataka MLAs Declared Criminal cases Against Them

May 17, 2018 by Nasheman


As many as 77 newly elected MLAs in Karnataka have declared criminal cases against them, with 54 declaring cases of serious crime, said a report prepared by the Karnataka Election Watch and the Association for Democratic Reforms (ADR).
“Out of the 221 MLAs analysed, 77 [35 per cent] have declared criminal cases against them. Out of 218 MLAs analysed during Assembly elections in 2013, 74 [34 per cent] had declared criminal cases against them,” the report added.

“The 54 [24 per cent] MLAs who declared serious criminal cases had cases related to attempt to murder and kidnapping against them. The 2013 figure was 39 [17 per cent] MLAs.”
Four MLAs declared cases related to attempt to murder.
Partywise, 42 [41 per cent] of the 103 MLAs from the Bharatiya Janata Party, 23 [30 per cent] of 78 Congress MLAs and 11 [30 per cent] of 37 Janata Dal-Secular MLAs declared criminal cases against them in their affidavits.

In the serious criminal cases category, the numbers were 29 [28 per cent] BJP MLAs, 17 [22 per cent] Congress MLAs and eight [22 per cent] JD-S MLAs.
“One BJP MLA, 11 Congress legislators, and three JD-S MLAs and one from Karnataka Pragnyavantha Janatha Party declared assets of more than Rs1 billion [Dh54 million].”
Congress MLA from Hosakote (Bengaluru) N. Nagaraju declared the highest assets of over Rs10 billion.
BJP MLA from Krishnaraja (Mysuru) S.A. Ramadas declared the lowest assets, pegged at Rs3.9 million.
As many as 80 MLAs [36 per cent] declared themselves as Class 5 to 12 passouts, while 135 [61 per cent] declared academic qualifications of graduation or above.
“One MLA declared he is just literate while one did not give his educational qualification in his affidavit,”

Filed Under: News & Politics

HDK alleges BJP trying to plunder Anand Singh

May 17, 2018 by Nasheman


Former Union Minister Ghulam Nabi Azad, former Rajasthan CM Ashok Gehlot and former CM Siddaramaiah protested outside the Vidhana Soudha after Yeddyurappa took an oath as the CM.

Congress and JD(S) allege that the time allotted to the BJP to prove majority will provide enough time to poach MLA’s.

JD(S) Party leader, HD Kumaraswamy alleged that the BJP, claiming that the party was using central agencies like the Enforcement Directorate, the CBI and Income Tax Department to intimidate and poach MLAs from the Congress and the JD(S).

Kumaraswamy had earlier accused the BJP of offering his party MLAs Rs 100 crore and ministerial berths.

Speaking about Anand Singh, the Congress MLA-elect from Vijayanagara, who had jumped ship from the BJP to Congress in January 2018 and has gone ‘missing’, Kumaraswamy told media persons, “Early morning I have got information about Anand Singh. They (BJP) are using Centre and ED (Enforcement Directorate) to take his support.”

He also went on to allege, “Anand Singh told ‘they are using ED, I had a case in ED and they are going to screw me. I’m sorry I have to protect my interest,’ another Cong MLA who spoke to Singh told me.”

Filed Under: News & Politics

India rejects OIC statement on Jammu and Kashmir

May 17, 2018 by Nasheman

India on Thursday rejected resolutions relating to Jammu and Kashmir adopted in the OIC Council of Foreign Ministers’ meeting held in Dhaka earlier this month.

“We observe with utmost regret as well as categorically reject the resolutions adopted by Organisation of Islamic Conference (OIC) on Jammu and Kashmir at the 45th CFM session of OIC in Dhaka, Bangladesh held on May 5-6, 2018,” the External Affairs Ministry said in a statement.

“We affirm once again that Jammu and Kashmir is an integral part of India and the OIC has no locus standi in matters strictly internal to India. We advise OIC to refrain from such references,” the statement said.

The OIC CFM declaration said it reaffirmed its “firm solidarity with Azerbaijan, Sudan, Comoros, Yemen, Libya, Syria, Mali, Somalia, Cote d’Ivoire, Central African Republic, Kosovo, Jammu and Kashmir and Northern Cyprus as well as all Muslim communities and minorities in non-OIC member states within the established principle of the respect for the sovereignty and territorial integrity of the States in which they belong consistent with international law and agreements”.

Filed Under: News & Politics

Congress rule ends after 51 Years In Gurmitkul constituency

May 17, 2018 by Nasheman


JD(S) nominee in Gurmitkal constituency Naganagowda Kandakur has put an end to the 51-year rule of the Congress in the constituency by winning in the polls. The Congress has been in power in the constituency from 1967. In the first election held in 1962, Independent candidate Vidyadhar Guruji won the seat against the Congress candidate Mallappa Kollur. But in 1967, it was won by the party candidate N. Yankappa.

Mallikarjun Kharge contested from the constituency in his maiden election in 1972 and won by a margin of 9440 votes, against an Independent candidate. From thereon, Kharge won continuously eight times from 1972 to 2004. He later moved to Chittapur in Kalaburagi district. In his 36 year rule in Gurmitkal, the Congress party developed tremendously and Kharge also emerged as one of the strongest leaders in the party.

After Kharge, Baburao Chinchansur became MLA twice and continued the Congress rule from 2008 to 2018. However, this time voters chose to support the JD(S). Votes from the Kabbaliga, Scheduled Castes and Scheduled Tribes, who are Congress loyalists, went to the JD(S). Kandakur had evoked sympathy among the people by stating the fact that he had defeated twice in the constituency, especially in 2013 when he lost by a thin margin of 1650 votes. Moreover, there was discontent among the people since Chinchanssur had allegedly neglected the drinking water crisis in the constituency. All these factors worked in favour of Kandakur, granting him success and the end of a half-decade Congress rule in Gurmitkal.

Filed Under: News & Politics

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