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ACB conducts raid on house and properties of BDA Asst. Executive Engineer

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Bengaluru : Anti-Corruption Bureau (ACB) today conducted raids on house and properties of Krishna Lal, who is on deputation working as Assistant Executive Engineer, Bengaluru Development Authority (BDA).
ACB in a release here on Friday said that the raid was conducted following complaint against Krishna Lal to the effect that he, by misusing his official power and by joining hands with private parties, had sold land and houses acquired for road widening. He sold thus acquired land and houses at higher prices leading to crores of rupees loss to BBMP and State Exchequer.
Raids were conducted at 6 places simultenously including on his houses and properties. The process of verifying the documents is still continuing.

Dr Parameshwara advises Congress MLA Ramesh Jarkiholi not to mix personal matters with party

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Belagavi : Karnataka Deputy Chief Minister Dr G Parameshwara expressed confidence that Congress MLA and former Minister Ramesh Jarkiholi will not go ahead with his proposal to resign to the party and the Legislative Assembly.
Addressing newsmen here on Friday, he said that the senior party leaders will try to contact Ramesh Jarkiholi and pursue him not to leave the party.
Stating that nobody is above the party and speaking in terms of causing damage to the party is not a practical one, Dr Parameshwara said that “It is better for him not to mix his personal things with the party matters”.
“Yesterday myself, CLP leader Siddaramaiah and Minister for Water Resources D K Shivakumar met and took stock of the political situation in the backdrop of the resignation threat by Ramesh Jarakiholi and came conclusion that there is no fear of any damage to the coalition government”, he added.
The Deputy Chief Minister was here to attend a marriage function at Khanapur in the District.

Sri Lanka Urges Citizens To Avoid Mosques And Churches In Fear Of More Terror Attacks

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Fears of retaliatory sectarian violence have already caused Muslim communities to flee their homes amid bomb scares, lockdowns and security sweeps.
Sri Lanka Urges Citizens To Avoid Mosques And Churches In Fear Of More Terror

COLOMBO — Sri Lankan President Maithripala Sirisena said on Friday police are looking for 140 people believed to have links with the Islamic State group, which has claimed responsibility for the Easter Sunday suicide bombings of churches and hotels.

Muslims in Sri Lanka were urged to pray at home on Friday and not attend mosques or churches after the State Intelligence Services warned of possible car bomb attacks, amid fears of retaliatory violence for the bombings that killed 253 people.

The US embassy in Sri Lanka also urged its citizens to avoid places of worship over the coming weekend after authorities reported there could be more attacks targeting religious centres.

Sri Lanka remains on edge after the suicide bombing attacks on three churches and four hotels that also wounded about 500 people.

Nearly 10,000 soldiers were being deployed across the Indian Ocean island state to carry out searches and provide security for religious centres, the military said on Friday.

Fears of retaliatory sectarian violence have already caused Muslim communities to flee their homes amid bomb scares, lockdowns and security sweeps.

The All Ceylon Jamiyathul Ullama, Sri Lanka’s main Islamic religious body, urged Muslims to conduct prayers at home on Friday in case “there is a need to protect family and properties”.

Cardinal Malcolm Ranjith also appealed to priests not to conduct mass at churches until further notice.

“Security is important,” he said.

Police have detained at least 76 people, including foreigners from Syria and Egypt, in their investigations so far.

Islamic State provided no evidence to back its claim that it was behind the attacks. If true, it would be one of the worst attacks carried out by the group outside Iraq and Syria.

The extremist group released a video on Tuesday showing eight men, all but one with their faces covered, standing under a black Islamic State flag and declaring their loyalty to its leader, Abu Bakr Al-Baghdadi. 

Defence, police chief quit 

The Sri Lankan government said nine homegrown, well-educated suicide bombers carried out the attacks, eight of whom had been identified. One was a woman.

Sirisena told reporters on Friday some Sri Lankan youths had been involved with Islamic State since 2013. He said information uncovered so far suggested there were 140 people in Sri Lanka involved in Islamic State activities.

“Police are looking to arrest them,” Sirisena said.

Authorities have so far focused their investigations on international links to two domestic Islamist groups – National Thawheed Jama’ut and Jammiyathul Millathu Ibrahim – they believe carried out the attacks.

Government officials have acknowledged a major lapse in not widely sharing an intelligence warning from India before the attacks.

Sirisena said top defence and police chiefs had not shared information with him about the impending attacks. Defence Secretary Hemasiri Fernando resigned over the failure to prevent the attacks.

“The police chief said he will resign now,” Sirisena said.

He blamed Prime Minister Ranil Wickremesinghe’s government for weakening the intelligence system by focusing on the prosecution of military officers over alleged war crimes during a decade-long civil war with Tamil separatists.

Sirisena fired Wickremesinghe in October over political differences, only to reinstate him weeks later under pressure from the Supreme Court.

Opposing factions aligned to Wickremesinghe and Sirisena have often refused to communicate with each other and blame any setbacks on their opponents, government sources say.

The Easter Sunday bombings shattered the relative calm that had existed in Buddhist-majority Sri Lanka since a civil war against mostly Hindu ethnic Tamil separatists ended 10 years ago.

Sri Lanka’s 22 million people include minority Christians, Muslims and Hindus. Until now, Christians had largely managed to avoid the worst of the island’s conflict and communal tensions.

Most of the victims were Sri Lankans, although authorities said at least 38 foreigners were also killed, many of them tourists sitting down to breakfast at top-end hotels when the bombers struck.

They included British, U.S., Australian, Turkish, Indian, Chinese, Danish, Dutch and Portuguese nationals. Britain warned its nationals on Thursday to avoid Sri Lanka unless it was absolutely necessary because there could be more attacks.

Agencies

PM Modi files nomination from Varanasi LS seat

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Varanasi : Prime Minister Narendra Modi on Friday filed his nomination papers from Varanasi for the Lok Sabha polls.

Mr Modi filed the nomination papers at the District Magistrate’s office here.

Bihar Chief Minister Nitish Kumar, Shiromani Akali Dal leader Parkash Singh Badal, Shiv Sena chief Uddhav Thackeray, AIADMK leaders O Panneerselvam and M Thambidurai and Union Ministers– Rajnath Singh, Sushma Swaraj and Nitin Gadkari were present on the occasion.

LS Polls: Phase 4 campaigning in UP to end tomorrow

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Lucknow : Campaigning of the crucial fourth phase of elections in Uttar Pradesh in 13 Lok Sabha seats will end on Saturday evening where several political starlets are in the fray to enter the parliament.

Even as political leaders are leaving no stone unturned to reach to voters for their support, but rising heat wave conditions have restricted their visits to each and every pocket of the constituencies.

Polling in the fourth phase will be held on April 29 between 0700 hours to 1800 hours with campaigning ending on Saturday at 1700 hours. A total of 152 candidates are in the fray from the 13 Lok Sabha seats in this phase.

Along with 13 Lok Sabha seats, by-election to Nighasan assembly seat in Kheri will also be held in this phase due to death of a sitting BJP member. There are 7 candidates in the fray in the assembly bypolls.

There are a total of 2,38,88,367 voters in this phase with male voters account to 1,29,75,125 , female– 1,09,12,012 and third gender are 1230. There are a total of 27,513 polling booths in this phase.

The third phase polling in Uttar Pradesh, will decide the fate of SP candidate Dimple Yadav, wife of SP president Akhilesh Yadav from Kannauj, Former Union ministers and Congress candidate Salman Khurshid from Farrukhabad and Sriprakash Jaiswal from Kanpur and senior Congress leader Anu Tandon who is pitted against BJP’s Sakshi Maharaj from Unnao.

The campaigning in this phase of electrifying with BSP and SP holding joint rallies at Kannauj and Kanpur, besides BSP chief Mayawati and SP president Akhilesh Yadav, held seperate rallies in support of their candidates.

For SP, Kannauj was their main attention, where Dimple and Akhilesh held two roadshows to woo the voters.

Congress president Rahul Gandhi addressed meetings in Kheri, Unnao and Kanpur while his sister Priyanka Gandhi Vadra held road shows in Kanpur, Jhansi and Hamirpur.

The Bharatiya Janata Party led the campaigning in this phase too, with Prime Minister Narendra Modi campaigned while BJP president Amit Shah also held a couple of meetings in the constituencies going to poll in this phase, while UP Chief Minister Yogi Adityanath criss-crossed the region, addressing several rallies on a daily basis along with other senior leaders. Union Home minister Rajnath Singh too campaigned rigorously in this phase.

The 13 constituencies going to polls in the fourth phase are–Shahjahanpur, Kheri, Hardoi, Mishrik, Unnao, Farrukhabad, Etawah,Kannauj,Kanpur, Akbarpur, Jalaun, Jhansi and Hamirpur . Except for Kannauj, rest 12 seats are currently held by the BJP in this phase.

In most of the constituencies there is a direct fight between the BSP-SP alliance and the BJP, but Congress is in the fight in couple of seats like Kanpur, Unnao, Farrukhabad and Kheri.

The highest number of 15 candidates in the fray are from Kheri, followed by 14 each in Shahjahanpur, Kanpur, Akbarpur and Hamirpur, 13 each in Mishrikh and Etawah, 11 each in Hardoi and Jhansi, 10 in Kannauj, 9 each in Unnao and Farrukhabad and 5 in Jalaun.

Terrorism, narcotics inter-linked: Sri Lankan Prez

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Colombo : Sri Lankan President Maithripala Sirisena said on Friday that terrorists who carried out the Easter blasts have a link to drug trade.

The president told a press conference in Colombo that the attacks may have been carried out sooner than planned due to his anti-drug campaign. Sirisena said, “Let’s not forget the connection between the war against narcotics and terrorism.”

Under the directive of the president, Sri Lanka has launched a nationwide anti-drug campaign in recent months. And the president has vowed to free the country from the drug menace by 2020, Xinhua reported.

Speaking of the link between local extremist group and the Islamic State (IS), Sirisena said so far Sri Lankan authorities have found out about 140 people were linked to the IS group and more than 70 of them had been arrested. Hunting has been ongoing for the rest.

After Sri Lanka’s former Defense Secretary Hemasiri Fernando has resigned on Thursday, Sirisena said he would appoint a new defense secretary soon.

The president said terrorism will be wiped out from Sri Lanka soon. “We will soon restore normalcy. International agencies are here assisting us in the probe,” he said.

A string of bombs exploded in hotels and churches across Sri Lanka on Sunday. According to the latest number from Sri Lanka’s Health Ministry, the blasts have killed about 250 people.

EC serves notice to Kerala BJP Prez for his speech on Balakot Air Strike

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Thiruvananthapuram : Kerala BJP President PS Sreedharan Pillai was served a notice by the Election Commission for his speech on Balakot Air Strike during his election campaign in Attingal Lok Sabha constituency.

The Commission has sought a reply from Mr Pillai with in 24 hours on receipt of the notice, party sources said.

Referring to the criticism of CPI(M) General Secretary Sitaram Yechury and AICC President Rahul Gandhi against the Balakot Air Strike, the BJP leader said Muslims have certain signs which can be identified by removing their clothes.

Later, the BJP clarified that Mr Pillai was referring to the terrorists of those killed in the Balakot Air Strike conducted by the Indian Air Force (IAF).

Mr Pillai also clarified that the terrorists have certain signs which can be identified by removing their clothes.

Later, the police filed a case against him under sections 153 and 153 A of IPC after receiving a complaint from CPI(M) leader V Sivankutty alleging that his remarks hurt the religious sentiments of Muslims.

Following the BJP leader’s remarks, the State Chief Electoral Officer had sent a report to Chief Election Commissioner following which a notice was served to Mr Pillai.

Maoists on rampage in Palamu: Explosion in BJP election office, set machinery on fire

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 Daltonganj : With barely 72 hours to go for  the Palamu Lok Sabha elections, the CPI(Maoists) ultras made their presence felt  by detonating a bomb and destroying the BJP's  election office in Harihargunj and setting on fire equipment involved  in a bridge construction work.
The ultras executed a bomb blast at the BJP's election office located at old bus  stand in Harihargunj midnight last night. Despite the spot being located on the NH-98 and barely  400 meters from the police station, policemen did not visit  the sight in the night suspecting an ambush by the Maoists.

The ultras before leaving the spot, located on the bordering  areas of Jharkhand and Bihar, shouted slogans.

Later the group reached Turi village under Harihargunj Police Station  area and torched a generator, a mixture machine and the shed of the  labourers where a bridge was being constructed at Batane river.  The ultras also threw pamphlets asking people to boycott the  elections. 

Meanwhile police teams have reached the spot and  have started investigating. Palamu is among the three  constituencies of Jharkhand where polling would be held on April 29. The  other two are Chatra and Lohardaga.

EC revokes suspension given to K’taka IAS officer.

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The EC’s decision comes after the Bengaluru Bench of the Central Administrative Tribunal on Thursday stayed the suspension of Mohammed Mohsin.

The Election Commission has revoked the suspension, which was handed to Karnataka cadre IAS officer Mohammed Mohsin for inspecting the helicopter of Prime Minister Narendra Modi at Sambalpur in Odisha on April 16 as an election observer. 

The EC further debarred Mohammed Mohsin from election duty with immediate effect. 

The EC’s decision comes after the Bengaluru Bench of the Central Administrative Tribunal (CAT) on Thursday stayed his suspension.

“The suspension order issued by the EC cannot, on the face of it, lie. It is hereby stayed. Applicant will be eligible to re-join his former position under the government of Karnataka without any further ado about it,” said Tribunal Member K.B. Suresh in the order.

Modi was on an election tour in the eastern state for the BJP candidates contesting in the Lok Sabha and the state Assembly elections being held in four phases from April 11 to April 29.

Interestingly, in another order on April 20, the poll panel had said that 48-year-old Mohsin’s headquarters will be the office of the Chief Electoral Officer of Karnataka in Bengaluru, in place of Sambalpur in Odisha.

Mohsin, however, reported to Bengaluru on April 23, when polling for the remaining 14 Lok Sabha seats in the western and northern regions of the southern state was held.

Staying the suspension, the Tribunal said the charge against Mohsin was that he checked the chopper though the Prime Minister was exempted from it under the Z-plus security category of the Special Protection Group (SPG).

“The applicant (Mohsin) claims that he had advised the accompanying officials to videograph the process with the advice of the SPG officials. The SPG, however, complained to the EC that the SPG protectees must be exempt from such intrusions into their private life,” observed the member.

Noting that even the SPG protectees were not eligible for anything and everything, the Tribunal cited a news report indicating that large packages were taken away from the Prime Minister’s cavalcade into another vehicle in Karnataka.

The Congress asked the poll panel to probe the incident that occurred on April 11 when Modi flew to Chitradurga in a chopper to address a massive BJP poll rally.

“Questions were raised about it but no action followed. The petitioner’s contention is that election officials have even checked vehicles of Karnataka Chief Minister H.D. Kumaraswamy more than once and no action followed,” the member observed.

Lenders Invoke IBC Norms To Keep Stressed Assets In Tribunal: Report

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With relation to Avantha Power (Jhabua) an Rs. 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT.

Lenders Invoke IBC Norms To Keep Stressed Assets In Tribunal: Report

[Nasheman news] NEW DELHI:

Lenders will cite one day default clause under Insolvency and Bankruptcy Code (IBC) to defend their action against erring promoters taken to insolvency under the now defunct February 12, 2018 circular of the Reserve Bank of India (RBI).

Sources said promoters of about half a dozen stressed power entities referred to National Company Law Tribunal have approached the bankruptcy court to quash insolvency proceedings against them as it has become non-maintainable following the Supreme Court order declaring the RBI circular ultra vires.

But banker’s are confident that stressed assets referred to NCLT will continue to face bankruptcy proceedings as IBC clearly states such referral even if there is one day delay or default by any entity in meeting its loan commitments.

“There is no question that stressed assets referred to NCLT will come out from there following the apex court’s ruling. These assets continue to remain stressed and lenders are sure that resolution under IBC framework would work best for all stakeholders,” said chairman and managing director of a leading state-owned financial institution asking not to be named.

“If need be, lenders would also file an affidavit with NCLT to continue the bankruptcy proceedings in the case of companies that faced such action over the earlier RBI circular,” he added.

Five stressed power producers, including 3,600 MW KSK Mahanadi Power Co. Ltd., 1920 MW Lanco Amarkantak Power Ltd., 600 MW Avantha Power (Jhabua), 1350 MW Rattan India Nashik Power Ltd. (formerly Indiabulls) and 1,350 MW Rattan India Power (Amravati project) are preparing to oppose insolvency proceedings as lenders filed petitions against them as per February 12 RBI circular. The projects owe about Rs. 50,000 crore to banks.

Lanco Amarkantak has sought time from the NCLT to submit documents that suggests that Axis Bank had initiated insolvency proceedings against it under the now-defunct RBI circular. KSK Mahanadi and Avantha Power have also cited the apex court order in earlier NCLT hearing. The other projects are also thinking of taking up the matter in the court.

The February 12 RBI circular had also mandated resolution process by lenders even if there was one day delay in repayment by debtors. This stands annulled by Supreme Court. 

However, IBC gives powers to any creditor to take a company to NCLT even if there is one day delay in repayments and the outstanding amount is in excess of Rs. 1 lakh. As this provision stands, lenders want to maintain bankruptcy proceedings against assets that remain in stress.

In all about 70 cases with total bank exposure of about Rs. 4 lakh crore was declared as stressful by the banks post the RBI circular. This included 34 stressed power projects worth 40,000 MW having total bank of close to Rs. 1.8 lakh crore.

Its not that institutions, including PFC did not try to resolve certain power projects, but none of the attempts remained successful. In the case of KSK Mahanadi, Adani Group showed interest but it soon withdrew from the race as lenders were divided on the level of hair cut and UP state regulator sought cut in tariff for the project. 

In case of an Rs. 600 crore one time settlement scheme worked out for Lanco Amravati, the sole investor backed out from the race at the last minute.C

With relation to Avantha Power (Jhabua) an Rs. 100 crore settlement for PFC got stalled after one of the operational creditors took the asset to NCLT.

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