Corporate tycoons decide Union budget'

March 7, 2011

Mangalore, March 7: It is the corporate tycoons who run the government and decide the strategies and allocation of funds in the budget in India, said Deepankar Mukharjee, All India Secretary of CITU and Member of Central Board of Trustees (CBT).

He was speaking at District Convention of Karnataka State Provident Fund Pensioners Association (PFPA) on Monday at Town Hall here.

The Union government has allotted a meager amount of Rs 1600 crores in the recently announced budget for the social security fund for the labourers, while Rs 5 crores tax exemption has been made for the corporate tycoons or industrialists, he said, adding that a total of Rs 11,000 crores of direct tax has been exempted for these tycoons.

The pension is supposed to be social security scheme in this civilized world. However, it is disheartening that the government allots a pittance amount to the pensioners neglecting the interest of 46 crores labourers out of 120 crores population. The government is contributing only 1.16 paisa to the fund of pensioners, he said.

“Government should contribute at least 6.42 paisa for every 100 rupees for the fund of pensioners,” he added.

In his presidential address B Madhava, President of All India Beedi Workers Federation demanded the Union government to amend Provident Fund Act, 1952, based on which pension scheme 1995 (EPS-1995) has been formulated. There are more than 28 lakh EPF pensioners under this scheme, some of whom receive pensions of Rs 7 to 10 per month.

He said that the EPS-1995 pension scheme has proved to be a curse for the more than 28 lakh labourers covered under the scheme. There has been no revision in their pension for the last decade and returns of capital and commutation benefits too have been withdrawn in 2008.

S Prasanna Kumar, General Secretary, CITU State Committee, K Pavithran, President, Kerala State PFPA and other leaders of various labourers' organization were present.

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News Network
October 29,2024

Mangaluru: A fraud case involving ₹43.32 lakh has been reported at the CEN station, where an individual was deceived under the guise of investment opportunities. 

The victim was promised high returns from stock and Initial Public Offering (IPO) transactions.

According to the complaint, the victim received a WhatsApp message on September 25 from an unknown sender identifying himself as Manju Pachisi, an Assistant at IIFL Securities Limited. 

The sender encouraged the victim to invest by sharing an online link, claiming significant profits could be earned from stock and IPO transactions.

Additionally, another link was sent via the Telegram app. Trusting the information, the victim transferred a total of ₹43.32 lakh in phases between September 26 and October 23. 

However, when he attempted to withdraw his funds, he was informed that he needed to pay a 25 percent commission. Realizing he had been duped, the victim promptly filed a complaint with the authorities.

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News Network
October 31,2024

Bengaluru: Karnataka Chief Minister Siddaramaiah on Thursday alleged that BJP was raking up the "Waqf issue" with an eye on the upcoming assembly by-polls in the state and elections in neighboring Maharashtra.

Following allegations by a section of farmers in certain parts of the state that their lands were marked as Waqf properties, he reiterated that none of them will be evicted, and notices issued to them will be withdrawn.

"BJP is doing politics. Notices were issued during their (BJP) tenure too, what do they have to say about it? During BJP's tenure over 200 notices were given. One should not practice such dual politics," Siddaramaiah said.

Speaking to reporters here, the CM said, "I have already said that the notices will be withdrawn, where is the issue? In case the notices are issued they will be withdrawn and no one will be evicted, where is the issue?" "Whichever district it is...They (BJP) had also given notices in several districts. Why did they give? Why are they doing such politics? In case notices were served by our government, they will be withdrawn and no farmers will not be evicted....the protest they have planned on November 4 is for politics keeping in mind by-polls in three segments and Maharashtra elections," he added.

A section of farmers from Vijayapura district have alleged that their lands were marked as Waqf properties, and similar allegations have surfaced from a few other places.

The BJP is planning a statewide agitation on November 4, demanding the resignation of Minority Welfare and Waqf Minister B Z Zameer Ahamed Khan, and against the Congress government over the issue.

Accusing the BJP of only doing politics and and not speaking the truth, Siddaramaiah said, "they only speak lies, they make issue out of non issue. Is there any issue in MUDA (site allotment case, in which he is accused and facing probe)? They wanted to make a non issue, an issue." Channapatna, Shiggaon and Sandur Assembly segments will go for by-polls on November 13.

The CM said he will go for campaigning in three assembly segments that will go for bypolls, from November 4 to 11.

He expressed confidence about Congress winning all the three segments.

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October 21,2024

Mangaluru: The MLC by-election for the Dakshina Kannada and Udupi Local Authorities Constituency commenced at 8 AM on Monday, with voting set to continue until 4 PM. A total of 392 polling booths have been established across the two districts, which form the constituency.

The constituency has 6,032 eligible voters, including 3,127 women. Early reports indicated brisk voting at the Mangaluru City Corporation polling booth, where corporators were seen patiently standing in line in the morning.

In a unique moment, Sharath, a gram panchayat member from Kokkada, cast his vote at Kokkada Gram Panchayat before heading to his wedding ceremony.

The constituency features 53 sensitive polling booths. Eligible voters include members of gram panchayats, corporators from Mangaluru City Corporation, city and town municipal councils, town panchayats, MLAs, MLCs, and Lok Sabha members representing the Dakshina Kannada and Udupi districts.

Notably, Byndoor MLA Gururaj Gantihole and MLC Prathap Simha Nayak, who do not represent local bodies, were left out of the voters' list. According to electoral rules, only those MLAs, MLCs, and MPs who represent city corporations, municipalities, town panchayats, taluk panchayats, or zilla panchayats are granted voting rights in the MLC elections for the Local Authorities’ Constituency.

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