Gautam Adani pips Mukesh Ambani to become richest man in Asia

News Network
November 24, 2021

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New Delhi, Nov 24: Chairman of Adani Group, Gautam Adani, has replaced Reliance Industries Limited (RIL) chairman Mukesh Ambani to become the richest man in India and Asia for the first time ever. 

Currently, Adani Group operates a slew of companies including Adani Enterprises, Adani Green Energy, Adani Ports & SEZ, Adani Transmission, Adani Total Gas, and Adani Power, among others.

Adani’s wealth has swelled up recently, especially after the onset of the pandemic. For instance, his total wealth stood at around $4.91 billion on March 18, 2020. As of now, his net wealth has touched nearly $90 billion - a rise of more than 1800%. 

On the other hand, Ambani’s net wealth has taken a slight hit after Reliance Industries scrapped the deal with Aramco, a Saudi Arabian public petroleum and natural gas company based in Dhahran. 

However, the change of fortune was expected to happen anytime soon. According to Bloomberg Billionaire Index, Adani’s wealth had stood at $88.8 billion on Tuesday (November 23). On the other hand, Ambani’s net wealth stood at $91 billion.  

But on Wednesday (November 24), shares of Reliance Industries Limited dropped by 1.77% while the shares jumped 2.34%, closing in on the difference between the net wealth of Adani and Ambani. 

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News Network
November 22,2021

Bengaluru, Nov 22: As many as 24 persons lost their lives due to tragedies related to the heavy rainfall in Karnataka since September. The rains have also caused loss of agricultural crops in five lakh hectares in the state.

These were some of the important points that emerged from the Sunday evening meeting chaired by Chief Minister Basavaraj Bommai at his home office, Krishna, to review the damage caused by incessant rains in various parts of the state.

According to sources, the preliminary report on the damages stated that 658 houses were completely damaged and 8,495 houses were partially damaged. It has also resulted in the death of 191 livestock.

Around 5 lakh hectares of agricultural crops were lost and the horticulture crop loss has been assessed at 30,114 hectares. The continuous rains have damaged 2,203 kilometres of roads in the state.

As many as 165 bridges are also damaged. The report mentioned that 1,225 school buildings, 39 public health centre (PHC) buildings in various districts are also severely damaged by rains. 1,674 electric poles are damaged and 278 transformers have also suffered damages, the report says.

Bengaluru Urban, Bengaluru Rural, Tumakuru, Kolar, Chikkaballapur, Ramanagar, Hassan districts have suffered extensively.

An amount of Rs 689 crore has been made available with District Commissioners in districts under the National Disaster Relief Fund (NDRF). The Chief Minister Bommai has assured allocation of more funds if necessary.

Officers of the Agriculture department at all levels were instructed to conduct surveys of crop losses. Crops in 3.43 lakh hectares were affected due to incessant rains in August and September affecting 1.5 lakh farmers and Rs 130 crore has been released for them. Compensation for 79,000 farmers is pending and Chief Minister Bommai instructed for the release of Rs 79 crore towards clearing the compensation due for them.

Action for immediate release of Rs 1 lakh each as the first installment of relief for those lost their houses. Officers have been instructed to take action for speedy disbursal of crop loss insurance amount by the insurance companies. Orders were issued to take up the road repair works immediately after the rain spell in the meeting.

It was also suggested to take up the repair of irrigation tanks on war-footing. The government has also decided to release Rs 25 lakh for each zone in the BBMP limits for pothole fillings. Instructions for submitting ward wise reports on damages in the BBMP limits have been given.

Home Guards, Civil Defence Force teams are ready to take up the rescue and relief work. Officers were instructed to augment their strength, if necessary in the meeting.

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News Network
November 24,2021

Mangaluru, Nov 24: The anti-corruption bureau (ACB) today launched simultaneous search operations in as many as 60 places across Karnataka targeting 15 government officials of various departments on charges of disproportionate assets. 

The ACB sleuths are conducting search operations in houses, offices and relatives' houses of these officials.  

According to reports, search operations are underway at the house of Mangaluru Smart City Limited Executive Engineer KS Lingegowda, Kaveri Neeravari Nigam (Hemavathi Left Bank Canal) Executive engineer Srinivas K, Revenue Inspector of Doddaballapura Lakshminarasimhaiah, Retired manager of Bengaluru Nirmiti Kendra Vasudev, Chief Manager of Bengaluru dairy B Krishna Reddy, Joint Director of Agriculture in Gadag T Rudrappa, Cooperative Development Officer of Savadatti AK Masti, senior motor vehicle inspector of Gokak Sadashiva Marilingannavar, 'C' grade employ of Hubballi Electricity Supply Company (Hescom) in Belagavi Nataji Heeraji Patil, Retired Deputy Registrar of Stamps in Ballari Shivanand. 

ACB sleuths have also been carrying out searches at the houses of Dr Rajashekar, Physiotherapist at Yelahanka Government Hospital, Mayanna M, First division assistant (FDA) at the Major Roads and Infrastructure wing of the BBMP, KAS officer LC Nagaraj who is currently serving at Sakala Mission, BBMP 'D' Group employee in Yelahanka division GV Giri, Junior executive engineer of PWD in Jevari MS Biradar. 

ACB officials have registered cases against all 15 officials under the prevention of corruption charges. After obtaining a search warrant from the court, raids have been carried out at 60 places in Karnataka. As many as 8 Superintendent of Police (SP), 100 officials, 300 personnel of ACB have been involved in these search operations collecting details about property transactions, movable and immovable property details, bank transactions, jewellery and automobiles details.

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News Network
November 20,2021

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Mangaluru, Nov 20: Minister for Social Welfare and Backward Classes Welfare Kota Srinivas Poojary submitted his nomination papers for the December 10 elections to the Karnataka Legislative Council as the BJP candidate from the local authorities’ constituency of Dakshina Kannada and Udupi, in Mangaluru on November 20. Elections will be held for two seats in the constituency.

Mr. Poojary submitted his papers to Election Officer and Deputy Commissioner K. V. Rajendra in the presence of Minister for Fisheries, Ports and Inland Water Transport S. Angara, Minister for Energy, Kannada and Culture V. Sunil Kumar, president of Dakshina Kannada unit of BJP Sudarshan Moodbidri and president of Udupi unit of BJP Kuilady Suresh Nayak.

Mr. Poojary hails from Kota in Udupi district. He is contesting from the constituency for the fourth time. He was first elected as an MLC in a by-election in 2008 following the death of the incumbent and Congress leader Blasius M. D’Souza. In 2010, he was elected unopposed. He was elected for the third time in the elections held on December 27, 2015, along with Pratapchandra Shetty of the Congress.

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