IT officials raid house, office of BJP MLC R Shankar in Karnataka's Haveri

News Network
March 15, 2023

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Bengaluru, Mar 15: Days after the Election Commission of India raised concerns about politicians offering freebies to lure voters ahead of Assembly polls in Karnataka, officials from the Income Tax department on Tuesday raided the residence and office of former minister and BJP MLC R Shankar in Ranebennur in the state's Haveri district.

During the raid, the officials seized saree boxes, plates, glasses and school bags reportedly meant to be distributed among voters in the constituency.

The IT team has asked the Assistant Commissioner, Haveri, to check the bills of the items seized.and submit a report to the state government.

The IT raid did not go down well with MLC Shankar. Though he claimed he was cooperative with the officials, Shankar also alleged that the raid was conducted "at the behest of someone". The Model Code of Conduct has not been announced so far and this raid has no meaning, he said.

"I had pledged for the development of the constituency and will be committed to it. Such raids cannot deter me (sic)," said an annoyed Shankar.

The MLC further said that he had purchased all the materials after paying the requisite GST and there were no irregularities. All the bills have been documented and will be shown to officials, he said.

This is not the first time that the MLC has found himself in trouble for distributing goods in the election season - just last month, Shankar was caught distributing pressure cookers in Ranebennur's Medleri and Tumminakatti areas.

Earlier, Siddaramaiah, the former state Chief Minister and the current Leader of Opposition in the Karnataka Legislative Assembly, alleged that Shankar had received money to change his political loyalty to the BJP. Reacting to these accusations, Shankar said that he will quit politics if the charges are proven.

The IT raid was not received well by Shankar's supporters either. They claimed that Shankar had been distributing essential goods to Ranebennur's people since 2012. Since he played "a big role" in making Basavaraj Bommai the chief minister, such targeted raids would spell trouble for BJP in the next election, Shankar's supporters warned.

Chief Minister Basavaraj Bommai on Wednesday said that the BJP had no role to play in the tax department's raid. "Agencies are given a free hand, and there is no need for the BJP to raid anybody. Let him cooperate if he has done nothing wrong" Bommai said.

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News Network
March 21,2023

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New York: The Yemeni government and the Houthis have agreed to release 887 detainees, following 10 days of negotiations in Geneva, the UN and the International Committee of the Red Cross said.

They added that both sides have also agreed to visit each other’s detention facilities, grant the delegations full access to all detainees during those visits, and to meet again in May to discuss further prisoner swaps.

Hans Grundberg, the UN’s special envoy for Yemen, described the deal as one more reason to believe things are moving “in the right direction” toward a resolution of a conflict that has ravaged the country for more than eight years and caused one of the biggest humanitarian crises in the world.

“For hundreds of Yemeni families, today is a good day,” said Grundberg. “Unfortunately, Yemen doesn’t experience as many good days as it deserves. So, I warmly congratulate all involved for this achievement. Today, hundreds of Yemeni families can look forward to reuniting with their loved ones.

“But it is important to remember that when the parties committed to the Detainees’ Exchange Agreement they made a promise, not just to each other, but to thousands of Yemeni families who have been living with the pain of separation from those dearest to them for far too long.”

Referring to the announcement on March 10 of the resumption of diplomatic ties between Saudi Arabia and Iran, Grundberg added that he senses there is now “a willingness to engage in a positive direction on trying to come to a settlement on the conflict in Yemen.”

During a UN Security Council meeting last week, Grundberg welcomed the agreement between Saudi Arabia and Iran and said the region was witnessing a “step change in the scope and depth” of talks to end the long-running conflict in Yemen.

At the same time, he urged all those involved in the conflict to seize the opportunity offered by this “renewed regional diplomatic momentum” and take “decisive steps toward a more peaceful future.”

On Monday, he said a “comprehensive and sustainable end to the conflict is necessary if Yemen is to recover from the devastating toll the eight-year conflict has had on its men and women.”

According to a message posted on Twitter by the head of the Houthis’ prisoner affairs committee, Abdul Qader Al-Murtada, and the militia’s chief negotiator, Mohammed Abdulsalam, the Houthis have agreed to release 181 detainees, including 15 Saudis and three Sudanese nationals, in exchange for 706 prisoners held by the Yemeni government. The exchange will take place in three weeks, they added.

“It’s an expression of hope, it’s an expression of humanity and it indicates the way ahead for all parties to the conflict,” said Fabrizio Carboni, the International Committee of the Red Cross’s regional director for the Middle East, who was sitting between representatives of the two delegations on Monday.

The talks, which took place near the Swiss capital, Bern, were the latest in a series of meetings under the UN-brokered Stockholm Agreement, which previously led to the release of prisoners in 2020 and 2022.

Grundberg thanked the Swiss government for hosting the negotiations, and Jordan for hosting a number meetings of the supervisory committee.

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News Network
March 15,2023

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Haveri, Mar 15: Tension prevailed in Karnataka's Haveri district on Tuesday as an incident of stone pelting by hardline hindutva activists on a mosque, Muslim houses and a school led to people of the two communities coming into a confrontational position.

Police has made elaborate security arrangements and is making an all out effort to rein in the situation. At least 15 persons have been arrested in connection with the incident. 

Saffron activists, who pelted stones on the mosque, claimed that when they had taken the procession of Sangolli Rayanna (a martyr who fought the British), a section of Muslims had pelted stones on them and disrupted the procession. Stones were pelted at a similar programme last week.

On Tuesday when their rally was disrupted, the saffron activists pelted stones on the mosque, houses of Muslims and also damaged their vehicles, police sources said. Locals said that saffron activists had pelted stones on the local Urdu school and students had run outside from the classes and stood on the streets crying for help.

The group had also attacked an auto driver and smashed his vehicle. As tension mounts, police have made tight security measures and deputed policemen at the localities where Muslims live in large numbers.

Agriculture Minister B.C. Patil, reacting to the incident, said that it is wrong on anyone's part to pelt stones during the rally of Sangolli Rayanna and police will lodge complaints and initiate action. However, he said he was not aware of the stone-pelting incident on Tuesday.

"I don't have information on the stone pelting incident at the mosque. Will get details," he said.

Congress leader Siddaramaiah stated that the strife should be resolved amicably without giving any room for violence. The police should maintain peace, and whoever violates the law should be punished, he added.

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News Network
March 19,2023

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New Delhi, Mar 19: Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said.

The group's flagship Adani Enterprises Ltd (AEL) had in 2021 incorporated a wholly-owned subsidiary, Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat.

But after Hindenburg Research's January 24 report alleging accounting fraud, stock manipulations and other corporate governance lapses chopped off about $140 billion from the market value of Gautam Adani's empire, the apples-to-airport group is hoping to claw back and calm jittery investors and lenders through a comeback strategy.

The comeback strategy is based on addressing investor concerns around debt by repaying some loans, consolidating operations, and fighting off allegations.

The group has denied all allegations levelled by Hindenburg. As part of this, projects are being re-evaluated based on cashflow and finance available.

And of the projects the group has decided not to pursue for the time being is the 1 million tonne per annum Green PVC project, two sources with knowledge of the matter said.

The group has shot off mails to vendors and suppliers to "suspend all activities" on immediate basis.

In the mails, seen by PTI, the group has asked them to "suspend all activities of the scope of work and performance of all obligations" for Mundra Petrochem Ltd's Green PVC project "till further notice."

This is the following "unforeseen scenario". The management, it said, was "re-evaluating various project/s being implemented at group level in different  business verticals. Based on future cashflow and finance, some of the project/s are being re-evaluated for its continuation and revision in timeline."

Reached for comments, a group spokesperson said AEL will be evaluating the status of growth projects in primary industry vertical over the coming months.

"The balance sheet of each of our independent portfolio companies is very strong. We have industry-leading project development and execution capabilities, strong corporate governance, secure assets, strong cashflows, and our business plan is fully funded. We remain focused on executing our previously outlined strategy to create value for our stakeholders," the spokesperson said.

"AEL will be evaluating the status of growth projects in the primary industry vertical over the coming months".

The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 KTPA (kilo tonne per annum) requiring 3.1 million tonne per annum (MTPA) of coal that was to be imported from Australia, Russia and other countries.

PVC is the world's third-most widely produced synthetic polymer of plastic. It finds wide applications - from flooring, to making sewage pipes and other pipe applications, in insulation on electrical wires, packaging and manufacture of aprons etc.

Adani Group had planned the project as PVC demand in India at around 3.5 MTPA was growing at the rate of 7 per cent year-on-year. With near stagnant domestic production of PVC at 1.4 million tonne, India is dependent on imports to keep pace with the demand.

The Hindenburg report had alleged "brazen stock manipulation and accounting fraud" and use of offshore shell companies to inflate stock prices. The group has denied all Hindenburg allegations, calling them "malicious", "baseless" and a "calculated attack on India".

As part of the comeback strategy, the group has cancelled a Rs 7,000 crore coal plant purchase as well as shelved plans to bid for stake in power trader PTC to conserve expenses. It has repaid some debt and pre-paid some of the finances raised by pledging promoter stake in group companies.

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