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You are here: Home / Archives for 2018

Archives for 2018

Karnataka’s Budget estimates widening deficit in 2018-19

July 6, 2018 by Nasheman


The Karnataka Budget for fiscal 2018-19 on Thursday estimated a Rs 579.05-crore widening deficit on capital account from its Revised Estimates of Rs 105.30 crore and Budget Estimates of Rs 370.04 crore for fiscal 2017-18.

“Fiscal deficit is expected to be Rs 40,753 crore, which is 2.89 per cent of the Gross State Domestic Product (GSDP),” said Karnataka Chief Minister H.D. Kumaraswamy in the Assembly here.

Fiscal deficit is the difference between the total revenue and expenditure of the state government in a financial year.

Similarly, the state’s total liabilities at Rs 2,92,220 crore at the end of 2018-19, estimated to be 20.75 per cent of the GSDP, though within the 25 per cent limit mandated in the Karnataka Fiscal Responsibility Act for FY 2019.

“All three fiscal parameters are within the mandate of the Act, reflecting the state’s fiscal prudence,” claimed Kumaraswamy in his Budget speech.

The Budget has proposed to waive crop loans up to a whopping Rs 34,000 crore, borrowed by 17 lakh farmers at the rate of Rs 2 lakh per family across the state till December 31, 2017.

On revenue account, however, the Budget estimated for this fiscal (FY 2019) a modest surplus of Rs 106.06 crore from Revised Estimates of Rs 383.84 crore and Budget Estimates of Rs 136.54 crore for fiscal 2017-18.

“The total receipts for 2018-19 are estimated to Rs 2,13,734 crore, including Rs 1,66,396 crore from revenue, Rs 47,338 crore from capital and Rs 47,134 crore from borrowings,” Kumaraswamy said.

He said that the total expenditure is estimated to be Rs 2,18,488 crore, comprising Rs 1,66,290 crore from revenue, Rs 41,063 crore from capital and Rs 11,136 crore from debt repayment.

The southern state’s tax revenue for FY 2019 is estimated to be Rs 1,06,621 crore, including Goods and Services Tax compensation, which is an increase of 16.25 per cent over the revised estimate of 2017-18.

As much as Rs 8,181 crore is expected to be collected from non-tax revenues. The state government expects to receive Rs 36,215 crore as its share of the central taxes and Rs 15,379 crore as grants from the central government.

The revenue receipts are estimated to be supplemented by gross borrowings of Rs 47,134 crore, non-debt capital receipts of Rs 75 crore and recovery of loans up to Rs 129 crore.

“The state-run boards, corporations and local bodies are expected to mobilise Rs 16,760 crore through internal resource generation and borrowings,” added Kumaraswamy, who holds the finance portfolio.

The GSDP in last fiscal 2017-18 grew 8.5 per cent from of 7.5 per cent in 2016-17.

“The agriculture sector is expected to grow 4.9 per cent, manufacturing 4.9 per cent and service sector 10.4 per cent in this fiscal,” added Kumaraswamy.

Filed Under: Business & Technology

BJP MLAs protest against state budget for ignoring coastal Karnataka

July 5, 2018 by Nasheman


Moments after Chief Minister H D Kumaraswamy presented his maiden budget here on Thursday, July 5, BJP MLAs from Dakshina Kannada and Udupi submitted a hand-written letter of protest over not making any announcements for coastal Karnataka.

“Is Kumaraswamy the CM of only Old Mysuru region?” they asked. BJP MLAs alleged that all new projects have been announced only for places where JD(S) leaders are MLAs.

MLC Kota Srinivas Poojary too criticized the budget, stating that the farm loan waiver is not as much as expected. “This is not a complete waiver of farm loans.”

Mangaluru South MLA Vedavyas Kamath slammed HDK for ignoring the coastal region. “We had urged for special funds for the rain-damaged coastal region, but we got nothing. There is no allocation for coastal development, not even for roads. This is an injustice to the people of the coastal region and we strongly condemn this.”

Meanwhile, BJP MLAs from the coastal region said that the state government ignored the fishermen and Endosulfan victims. “We were expecting new announcements for fisheries and Endosulfan victims in the coastal region. But the JD(S)-Congress coalition has completely neglected the people of coastal Karnataka and betrayed them.”

Opposition MLAs from coastal Karnataka protested in front of Vidhana Soudha alleging that Dakshina Kannada and Udupi were not even mentioned in the budget.

Sources said soon after the budget presentation, ministers U T Khader and Zameer Ahmed Khan approached HDK to express displeasure over not announcing any allocation for minorities. HDK is learned to have told them that it would be taken care of in the next budget.

Filed Under: Business & Technology

Karnataka Budget 2018 Highlights

July 5, 2018 by Nasheman


Chief Minister HD Kumaraswamy is presenting the Congress-JDS coalition government’s maiden budget at Vidhana Soudha here today.

The budget preparations were made based on the Common Minimum Programme of the coalition partners.

Budget Highlights:

Size of the 2018 Budget: Rs 2,13,734 crore

Rs 150 crore will be allotted for adopting Israel method of farming.

Israel model of irrigation to be adopted across 5000 hectares each in Karwar, Tumakuru, Yadgir and Haveri.

Congress government ‘bhagya’ schemes will continue.

Annabhagya scheme: Quantity of rice cut from 7 kg to 5 kg

4% rise in liquor tax

Fuel price rise; Petrol-Rs 1.14, diesel – Rs 1.12

Power tariff rise by 20 paise per unit

Rs 34,000 crore will be allotted towards farm loan waiver

Bellandur Lake rejuvenation project – Rs 50 crore alloted

‘I have decided to limit the loan amount to Rs 2 lakhs’- HDK

Film University to be set up at a cost of Rs.30 cr at Ramanagara

Rs 25 cr towards Mutts (selected)

Rs 15825 cr for six elevated corridors across Bengaluru

Education: Rs 26581 cr; Water resources: Rs 18142 cr; Urban development: Rs 17727 cr; Energy: Rs 14499 cr; Social Welfare: Rs 14123 cr; PWD: Rs 10200 cr

Rs 190 crore for a scheme to safeguard interests of coconut growers

Kayaka scheme: Loan of up to Rs 10 lakh to enhance skill development and entrepreneurship skills in SHGs on cluster model or individually

Rs 150 cr allotted to repair govt primary, high-school and PU college buildings

Rs 25Cr set aside for Karnataka Brahmin Development Board

Pregnant women from BPL families to get Rs 1,000 aid per month

Anganwadi centers under women and child welfare department will be strengthened as ‘Balasnehi’ centres.

Filed Under: Business & Technology

Wimbledon: Raja loses in first round

July 5, 2018 by Nasheman


India’s Purav Raja and his French partner Fabrice Martin lost a hard-fought five-set battle to crash out of the men’s doubles competition at the Wimbledon tennis tournament here on Wednesday.

Up against Dušan Lajovic of Serbia and Bosnia’s Mirza Bašic in the first round, the Indo-French combination lost 2-6, 4-6, 7-6, 6-4, 9-11 in a mammoth encounter which lasted three hours and 37 minutes.

Lajovic and Bašic will next meet the winner of the first round contest between Nikola Mektic of Croatia and Austria’s Alexander Peya and the Canadian-Austrian team of Daniel Nestor and Jurgen Melzer.

Filed Under: Sports

Bollywood Buzz

July 5, 2018 by Shaheen Raaj

Yashraj Films’ ‘Shamshera’ Release Date Set

Yashraj Film’s action spectacle Shamshera that pits Ranbir Kapoor & Sanjay Dutt in a bloody face off on the celluloid silver screen is all set to release on 31st Jul, 2020.

Directed by Karan Malhotra, who directed the blockbuster Agneepath, Shamshera is a desi, high-octane masala film. An edge of the seat adventure, it is set in the heartland of India and will have jaw-dropping action sequences and a never seen before Ranbir Kapoor. Sanjay Dutt takes on Ranbir Kapoor as he plays a ruthless & merciless villain in the film.
Shamshera also stars Vaani Kapoor as a gorgeous temptress and her pairing with Ranbir Kapoor makes it one of the most freshest jodis on the big screen.
The film is all set to go on the floors by the end of this year and shooting will wrap by mid – 2019.

Filed Under: Film

Sonali battling cancer; Bollywood stars hope for speedy recovery

July 5, 2018 by Nasheman

Actress Sonali Bendre on Wednesday shared that she has been diagnosed with a “high-grade cancer”, and is undergoing treatment in New York.

Ever since the actress posted the news about her health on Twitter and Instagram, prayers and wishes have been pouring in for the actress from the film fraternity.

In a long post, Sonali said: “Sometimes, when you least expect it, life throws you a curveball. I have recently been diagnosed with a high-grade cancer that has metastasized, which we frankly did not see coming.

“A niggling pain led to some tests, which led to this unexpected diagnosis. My family and close friends have rallied around me, providing the best support system that anyone can ask for. I am very blessed and thankful for each of them,” she added.

The actress, who made her debut in the Hindi film industry with “Aag” in 1994, recently stepped down from judging a reality TV show “India’s Best Dramebaaz”. Actress Huma Qureshi stepped into her shoes.

And this seems to be the reason behind her exit from the show.

She is undergoing treatment in New York, and is optimistic about the future. Sonali is married to producer Goldie Behl. They have one son Ranveer together.

“There is no better way to tackle this, than to take swift and immediate action…What has helped has been the immense outpouring of love and support I’ve received over the past few days, for which I am very grateful. I’m taking this battle head on, knowing I have the strength of my family and friends behind me,” she added.

The news shocked stars, who took to Twitter to express their views.

“Godspeed, love and strength to a true fighter and a solid soul,” filmmaker Karan Johar said.

Actress Divya Dutta also posted “Dearest dearest one, remember you always with a girl wit so much strength and will power! Loads of prayers for you! Get well real soon! Big big hug”, while Riteish Deshmukh wrote: “Deeply saddened and shaken by this news. Praying for your speedy recovery and good health”.

Filmmaker Madhur Bhandarkar is sure Sonali “will fight all the odds and overcome this situation”.

“Wishing you a speedy recovery. Praying for strength for you, Goldie Behl and your family,” he added.

Actor Arjun Kapoor also posted: “Fight that bastard Sonali don’t let it win.”

Stars like Sonam Kapoor, Dia Mirza, Manish Malhotra, Pulkit Samrat, Mandira Bedi and Neha Dhupia also sent out their blessings and love.

Sonali has starred in films like “Diljale”, “English Babu Desi Mem”, “Duplicate”, “Major Saab”, “Sarfarosh”, “Kal Ho Naa Ho” and “Hum Saath – Saath Hain”.

Filed Under: HEALTH

Woman sets herself, daughters on fire

July 5, 2018 by Nasheman

A woman allegedly committed suicide after setting herself and her two daughters on fire in Nagpur Tikait village here, the police said today.

The woman identified as Soni had an argument with her husband Prem Prakash over the issue of cooking food following which she set herself and her three daughters Gauri (2 years), Astha (9 months) and Roshni (6 years) afire yesterday after sprinkling kerosene on them, they said.

While Soni died on the spot, Gauri and Astha died on way to the hospital. Roshni was saved as she managed to flee from the room.

Police have sent the bodies for postmortem.

Filed Under: Crime

Nishino to step down as Japan coach

July 5, 2018 by Nasheman

The Japan Football Association (JFA) said on Thursday that national team coach Akira Nishino will step down when his term ends at the end of July.

“We will not ask Nishino to stay on the job but hope he will continue to make a contribution to Japanese football in other forms,” said JFA President Kozo Tashima at a press conference after the national team returned from Russia.

Nishino, who also appeared at the press conference, thanked his team, saying that he hopes Japan could break the cycle of reaching the World Cup round of 16 every eight years (in 2002, 2010, 2018) and make a breakthrough at Qatar 2022, reports Xinhua news agency.

Nishino took up the job after the JFA abruptly fired former head coach Vahid Halilhodzic in April, citing lack of trust and communication between Halilhodzic and his team members.

Under Nishino’s reins, the Samurai Blue reached the World Cup round of 16 for the first time since the 2010 tournament in South Africa but were knocked out after a 2-3 defeat to Belgium.

Filed Under: Sports

Possession football stil relevant: Ex-Barça player

July 5, 2018 by Nasheman

Former FC Barcelona left-winger Luis Garcia Sanz feels that Spain’s elimination from the 2018 FIFA World Cup in Russia did not signify the death knell for possession-based football, although he stressed the need to have a Plan B.

“Spain’s participation was nothing to write home about,” he said of Spain’s loss on penalties to hosts Russia in the round of 16.

Spain pummelled Argentina 6-1 in an international friendly four months ago, but Garcia said that result was “deceiving”.

“In March, you saw a team that controlled every situation, but Argentina left space open and Spain did well. Here we realized that result was deceiving,” he told EFE on Wednesday in an event organised by FIFA.

“We blindly thought we were going to win easily by always having the ball and with our quality up front, but the other teams also know how to play. Iran, Morocco and Russia are difficult teams,” he noted.

The Spanish side was “handcuffed in every match” because the other “teams lock down defensively and it’s tough to play; it’s a shame. We won (the 2010 World Cup in South Africa), but it’s not easy,” Garcia, who represented Spain from 2005 to 2008, said.

The 40-year-old, who has also represented Atletico Madrid and Liverpool, added that the last-minute decision to name then-director of soccer Fernando Hierro as Spain’s interim head coach (in place of Julen Lopetegui, who was sacked after negotiating a deal to coach Real Madrid) was not a factor is Spain’s upset loss.

“We knew Hierro, and he’s been with the team for a long time, and when the referee blows the whistle you put these situations behind you,” Garcia said.

Filed Under: Sports

Loew working on rescue plan for German football

July 5, 2018 by Nasheman

Joachim Loew’s fighting spirit seems to have returned only a few days after Germany’s disastrous group stage exit at the 2018 FIFA World Cup.

After the 58-year-old’s decision to continue as national coach, he announced he would present a “rescue plan” for the struggling international heavyweight to secure future success.

The 2014 World Cup winning coach announced he is working on a new strategy ahead of Germany’s match against France in the newly-formed Nations League on September 6, reports Xinhua news agency.

Said to be abandoning possession-based football, loew promised in an official statement to be made by the German Football Association (DFB) “to organise the relaunch” of the team with “full commitment”. He also spoke about a “new German team” and “significant changes.”

“Joachim Loew and I feel a lot of energy to set sail and shape a new era for German football,” the German team’s general manager Oliver Bierhoff said.

Despite the relief of the DFB president Reinhard Grindel about Loew’s decision, the coach remains under heavy fire from the media, former internationals and fans. The Die Welt newspaper said “heads will have to roll” indicating that Loew will have to do without several of his World Cup-winning heroes.

The paper said he missed the chance to rejuvenate the team and assumed many of his established performers will have to be discarded. Kicker football magazine told its readers that “Loew has to deliver quickly” and that there will be no trial period. Loew will have to develop a new structure wrote the weekly news-magazine Der Spiegel.

Loew will have to reinvent himself as a coach to avoid further disappointment. While the general public remains suspicious when it comes to Loew’s next steps, the coach said it will take a few weeks to present a plan.

Rumors mentioned changes in Loew’s coaching staff and a possible return of former sports director Hans-Dieter Flick. The pundits and the media don’t expect a new German football revolution like the one Loew and former German national coach Juergen Klinsmann initiated in 2004.

“What we need is new inspiration and the opportunity to discuss things much more openly than in the last (few) years,” former international Thomas Berthold said on German television.

Former national coach Hans-Hubert Vogts demanded a change in the team’s tactical approach. The time of endless passing and possession is over said Vogts who won the European Championship in 1996. Argentina, Spain, and Germany have failed with that style. Vogts demanded that German football needs to modernize.

Vogts said he supports Loew’s decision to continue and is convinced the coach knows how to handle pressure. However, Loew is not the only one to blame for the poor World Cup campaign.

According to rumors, Loew is thinking about changing Germany’s style significantly. He told Bierhoff that the 2018 World Cup will prove that possession-oriented teams will not be successful in the future.

In other words, “Tiki-Taka” is dead. Loew also informed the general manager that the reigning world champions will have to follow the example of France, Brazil, and England and design the future without too much ball-possession and endless passing situations.

Loew is expected to talk to several of his aged performers over the next weeks and tell some of them they are no longer needed in the national team.

Filed Under: Sports

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