Adani qualified in Airport bidding process; not you: Aviation Minister to Kerala govt

Agencies
August 20, 2020

New Delhi, Aug 20: The Kerala government did not qualify in Thiruvananthapuram airport's bidding process that was carried out in a transparent manner, Civil Aviation Minister Hardeep Singh Puri said on Thursday.

The Kerala government has opposed the Union Cabinet's approval on Wednesday to lease out the Thiruvananthapuram airport to Adani Enterprises through public private partnership (PPP) for a period of 50 years.

Talking about the airport's 2019 privatisation process on Twitter, Puri said, "Winning bid quoted Rs 168 per passenger, KSIDC (Kerala State Industrial Development Corporation) quoted Rs 135 per passenger and third qualifying bidder was at Rs 63 per passenger."

Per passenger fee was the criteria for the bidding process that was conducted in early 2019 for six airports - Lucknow, Ahmedabad, Mangalore, Jaipur, Guwahati and Thiruvananthapuram. Adani Enterprises turned out to be the highest bidder for these six airports.

Before the bidding process, the Centre and the Kerala government had agreed that if the KSIDC's bid comes within the 10 per cent range of the winning bid, it would be awarded the airport, Puri said.

However, since the difference between Adani's bid and KSIDC's bid was 19.64 per cent during the bidding process, the former was qualified as the winner.

"Thus, despite special provision of RoFR (right of first refusal) being given to GoK (government of Kerala), they could not qualify in the international bidding process carried out in a transparent manner," Puri stated.

The Kerala government on Thursday called an all-party-meeting to discuss and protest against the Centre''s decision to hand over of the management and operation of the Thiruvananthapuram airport to the Adani group.

"Thiruvananthapuram airport privatised to Adani rejecting the claim of Kerala govt, even after offer to match Adani's rate. PMO's promise to accept Kerala proposal broken. People of Kerala will not accept this act of brazen cronyism. #Airportprivatisation," State Finance Minister Dr Thomas Isaac tweeted on Thursday.

In February 2019, Adani Enterprises was declared the winner for all six airports as it was the highest bidder. In July 2019, the Union Cabinet approved the proposal for leasing out three of them - Ahmedabad, Mangalore and Lucknow - to the Ahmedabad-based company.

Eight months after the Cabinet approval, Adani Enterprises signed the concessionaire agreement with the Airports Authority of India (AAI) on February 14 this year for operation, management and development of these three airports.

In June this year, the AAI gave three more months to the Ahmedabad-based company to take over the management of these three airports due to the COVID-19 situation. This means the deadline for takeover has been pushed from August 12 to November 12.

Comments

Shanu
 - 
Thursday, 20 Aug 2020

Gujrat is worlds hafta collection point since MODI came to power. every contract every tender order all going to GUJRAT....we also need same gujrat model here in karnataka....
When we have top most technology and experts here in bangalur and mangolore why everything going to GUJJUs..
Guys right time to stay awake....

shanu
 - 
Thursday, 20 Aug 2020

Gujrat is worlds hafta collection point since MODI came to power. every contract every tender order all going to GUJRAT....we also need same gujrat model here in karnataka....
When we have top most technology and experts here in bangalur and mangolore why everything going to GUJJUs..
Guys right time to stay awake....

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News Network
November 18,2024

Advisors to US President-elect Donald Trump have instructed his allies and associates to refrain from using the inflammatory language they previously employed when discussing issues related to migrants and the deportation of asylum seekers, in a bid to avoid “looking like Nazis.”

US media reports said that Trump’s associates had been asked to stop using the word “camps” to describe potential facilities that would be used to accommodate migrants rounded up in deportation operations across the country.

The reports said the US president-elect’s allies had been ordered to stave off such charged terms as they would bring to mind “Nazis,” and be used against Trump.

“I have received some guidance to avoid terms, like ‘camps,’ that can be twisted and used against the president, yes,” one Trump ally told American monthly magazine Rolling Stone.

“Apparently, some people think it makes us look like Nazis.”

The presidential advisers also cautioned surrogates and allies to keep racist terms, which have dogged Trump’s campaign, out of their remarks.

They said with Trump’s heated rhetoric that used to compare undocumented immigrants to “animals” and his slight that they are “poisoning the blood of our country,” detractors did not need to reach too far to find parallels to Nazi Germany.

Stephen Miller, who Trump tapped to be his deputy chief of staff of policy, specifically used the word “camps” to describe holding facilities that he hoped the military could put together for immigrants.

Tom Homan, who served as the acting director of Immigration and Customs Enforcement and is chosen by Trump to be in charge of the US borders, was no stranger to such language.

“It’s not gonna be a mass sweep of neighborhoods,” he said in an interview earlier this week. “It’s not gonna be building concentration camps. I’ve read it all. It’s ridiculous.”

Becoming a little more forthright about the new government’s aggressive deportation plans, Homan likened the early days of the Trump administration to the initial invasion of Iraq in 2003.

“I got three words for them – shock and awe,” he said. “You’re going to see us take this country back.”

Trump made immigration a central element of his 2024 presidential campaign but unlike his first run, which was mainly focused on building a border wall, he has shifted his attention to interior enforcement and the removal of undocumented immigrants already in the United States.

People close to the US president and his aides are laying the groundwork for expanding detention facilities to fulfill his mass deportation campaign promise.

The businessman-turned-politician deported more than 1.5 million people during his first term.

The figure do not include the millions of people turned away at the border under a Covid-era policy enacted by Trump and used during most of Biden’s term.

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News Network
November 21,2024

adani.jpg

Shares of Adani Group companies lost about $28 billion in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Gautam Adani's flagship company Adani Enterprises tumbled 23 per cent, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC , Ambuja Cements and NDTV fell between 20 per cent and 90 per cent.

Adani group's 10 listed stocks had a total market capitalisation of about $141 billion at 0534 GMT, compared to $169.08 billion on Tuesday.

US authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years, and develop India's largest solar power plant project.

Adani Green in a statement on Thursday said the US Justice Department had issued a criminal indictment against board members Gautam Adani and Sagar Adani and the Securities and Exchange Commission had issued a civil complaint against them.

The US Justice Department also included Adani Green board member Vneet Jaain in the criminal indictment, it said.

Adani Green's units had decided not to proceed with the proposed US dollar denominated bond offerings due to developments, it added.

"Investors will shy away from Adani Group stocks ... and that's what this sharp selling is signifying," said Saurabh Jain, assistant vice president of retail equities research at SMC Global Securities.

"This could hurt the credibility of the group and maybe borrowing costs will rise," he said.

The indictment comes nearly two years after US shortseller Hindenburg Research alleged that Adani had improperly used tax havens and was involved in stock manipulation, allegations the conglomerate denied.

Also in early Asian trading on Thursday, Adani dollar bonds slumped, with prices down 3c-5c on bonds for Adani Ports and Special Economic Zone. The falls were the largest since the Adani Group came under a short-seller attack in February 2023.

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News Network
November 14,2024

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Bengaluru: The Prime Minister Narendra Modi led union government has requested the Karnataka High Court to direct the Mandya district administration and the state government to clear a madrasa operating within the premises of the historic Jama Masjid in Srirangapatna.

The Waqf Board, opposing this move, has claimed the mosque as its property and defended the right to conduct madrasa activities there.

The matter was brought before a division bench headed by Chief Justice N V Anjaria following a public interest litigation filed by a person named Abhishek Gowda from Kabbalu village in Kanakapura taluk. The petition alleged “unauthorised madrasa activities” within the mosque.

Representing the Central government, Additional Solicitor General of India for High Court of Karnataka, K Arvind Kamath argued that the Jama Masjid was designated as a protected monument in 1951, yet unauthorised madrasa operations continue there.

He noted that concerns over potential law and order issues have so far prevented any intervention. Kamath urged the court to direct the Mandya district administration to take action and vacate the madrasa from the mosque.

In defence, lawyers for the state government and the Waqf Board contested this request, stating that the Waqf Board had been recognised as the owner of the property since 1963 and, thus, conducting madrasa activities there is lawful.

After hearing both sides, the bench adjourned the case for further arguments, scheduling the next hearing for November 20.

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