Pramod Sawant sworn in as Goa Chief Minister

Agencies
March 19, 2019

Panjim, Mar 19: BJP's Pramod Sawant was on Tuesday sworn in as the new chief minister of Goa, succeeding Manohar Parrikar, cremated hours earlier with state honours.

At a much-delayed swearing-in ceremony, held around 2 am on Tuesday, 11 other MLAs, part of the Parrikar-led cabinet, were also sworn in as ministers.

The ceremony, held at a cramped Raj Bhavan, was to take place at 11 pm on Monday but was delayed due to inexplicable reasons.

Sawant, 46, was Speaker of Goa Legislative Assembly.

As per the power-sharing arrangement reached with allies, an MLA each from MGP and GFP, two small parties backing BJP in the coastal state would be made deputy CMs.

Sawant said his party BJP has given him a big responsibility.

Talking to reporters, Sawant credited Parrikar, who died Sunday after battling pancreatic cancer, for bringing him into politics.

After a stalemate following a series of meetings with the allies, he BJP managed to break the deadlock, offering them their pound of flesh, by accepting the key demand for deputy CM's posts.

There was no such arrangement (Dy CM post) in place when Parrikar was the CM.

"We managed to convince the alliance partners and finalised the formula of two deputy chief ministers for the state," a senior BJP functionary said.

There werew a series of meetings involving the Goa Forward Party and Maharashtrawadi Gomantak Party's three MLAs each, an equal number of Independents, and BJP legislators since late Sunday night to reach a consensus on Parrikar's successor.

Union minister Nitin Gadkari had flown into the state early Monday to lead the discussions. BJP chief Shah, who was also in Goa, is learnt to have supervised the party's cobbling up the requisite numbers to stake claim to form government.

Parrikar was heading a coalition government comprising the BJP, three MLAs each of the Goa Forward Party (GFP), the MGP and three independents.

The Congress is currently the single largest party in the state with 14 MLAs. The BJP has 12 legislators in the 40-member Assembly, whose strength now is 36 after Parrikar's death.

The strength of the House has reduced due to demise of BJP MLA Francis D'Souza earlier this year, and Parrikar on Sunday, and resignations of two Congress MLAs Subhash Shirodkar and Dayanand Sopte last year.

All the state Congress MLAs met Governor Mridula Sinha on Monday and staked claim to form government in the coastal state.

The MLAs, led by Leader of the Opposition Chandrakant Kavlekar, went to Raj Bhawan and handed over a letter to Sinha, saying it was the single largest party in the Assembly and should be allowed to form the government.

"We are saddened by the chief minister's demise, but before his final rites are performed, a new government has to be formed...The governor acknowledged that the Congress is the single largest party and she said she will get back to us," Kavlekar told reporters.

Parrikar was cremated with state honours here Monday, with thousands bidding the affable politician a fond farewell.

BJP president Amit Shah, some Union ministers and chief ministers of BJP-ruled states attended the funeral at Miramar.

Parrikar's eldest son Utpal lit the funeral pyre.

The funeral procession started from the Kala Academy where thousands, including Prime Minister Narendra Modi, paid their last respects to the former defence minister.

The mortal remains of the 63-year-old senior BJP leader were kept in a flower-decked hearse which left for the Miramar beach, where the last rites were performed.

The affection and popularity Parrikar enjoyed among ordinary Goans was on display as hundreds of common folks, and his party workers lined up to pay tributes to the chief minister, who died on Sunday after prolonged illness.

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News Network
March 27,2024

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Hassan: Former Prime Minister and JD(S) supremo H.D. Deve Gowda has announced that his son, former Karnataka Chief Minister H.D. Kumaraswamy will contest from state's Mandya parliamentary seat as NDA candidate.

Deve Gowda told reporters on Tuesday that the decision to field Kumaraswamy, who is also JD(S) state president, in Lok Sabha polls from the Mandya seat was taken amid mounting public demand. "People are demanding that Kumaraswamy should contest from Mandya. In the core committee meeting as well, all members suggested that he should contest from Mandya," Deve Gowda said.

The former Chief Minister's son Nikhil Kumaraswamy had lost to independent candidate Sumalatha Ambareesh from Mandya in the 2019 Lok Sabha polls.

The JD(S) supremo further said that the name of senior leader Mallesh Babu has been finalised from the Kolar seat.

Deve Gowda's grandson and former Karnataka Minister H. D. Revanna's son sitting JD(S) MP Prajwal Revanna will be contesting as the NDA candidate from the Hassan seat.

Earlier in the day, Kumaraswamy in a media briefing indicated that he would contest from Mandya amid mounting public pressure on him.

Congress has fielded Venkatarame Gowda popularly known as ‘Star Chandru’ from the Mandya seat dominated by Vokkaligas. Star Chandru is a close associate of Deputy Chief Minister D.K. Shivakumar.

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News Network
March 15,2024

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New Delhi, Mar 13: The Supreme Court on Friday took exception to the State Bank of India (SBI) for not disclosing complete details of Electoral Bonds, including unique alfa numeric numbers, furnished to the Election Commission for uploading on the website.

A five-judge Constitution bench led by Chief Justice of India D Y Chandrachud issued notice to the SBI seeking its response on Monday after the court was informed that the issuing bank for the Electoral Bonds has not disclosed unique alfa numeric number of each bond.

"They have not disclosed the bond numbers. It has to be disclosed by the State Bank of India. All details have to be provided by the SBI," the bench, also comprising Justices Sanjiv Khanna, B R Gavai, J B Pardiwala and Manoj Misra, noted.

Senior advocate Kapil Sibal said as per the Constitution bench judgment of February 15, 2024, all details were to be disclosed.

Solicitor General Tushar Mehta submitted since the SBI was a party to the judgment, notice may be issued to it.

The court said the counsel for SBI should have been here.

"If you see the judgment, we have specified that bond numbers have to be provided," the bench said.

Advocate Prashant Bhushan appeared for the main petitioner Association for Democratic Reforms (ADR).

On an application by the EC, the bench said the details of Electoral Bonds furnished by the poll panel before the top court should be scanned and returned to it for the purpose of uploading on the website.

The Election Commission through advocate Amit Sharma filed a plea in the Supreme Court seeking a direction to release data on electoral bonds furnished to the top court in terms of previous orders of April 12, 2019 and November 2, 2023.

As per March 11, 2024 order, the Election Commission on Thursday uploaded the data on electoral bonds furnished to it by the SBI.

However, in an application, the poll panel said it had furnished to the Supreme Court a number of sealed envelopes, containing details on EBs encashed by the political parties, during the course of hearing in the matter.

It sought a direction for the return of those sealed envelopes to comply with the directions to upload it on the website as per order of March 11.

On Monday, the Supreme Court had told the SBI to furnish details of purchasers of Electoral Bonds and names of political parties redeemed those instruments by March 12 to the Election Commission, rejecting its plea for extension of time until June 30 for the purpose.

It had then directed the Election Commission to publish the information provided by the SBI on its website on March 15.

In its February 15, 2024 judgment, the SC had declared the Electoral Bonds scheme, introduced in 2018 for donation to political parties, as "unconstitutional" for being violative of the right to information.

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News Network
March 22,2024

IPL.jpg

The start of the world’s most lucrative cricket tournament in India is presenting investors with another big opportunity to cash in on the sport, months after the world’s most populous nation hosted the Cricket World Cup.

The eight-week long Indian Premier League begins March 22 for its 17th season. Since its inception, the fast-paced cricket tournament has become a corporate juggernaut to rival the National Football League in the US and the English Premier League in value.

Just as October’s Cricket World Cup boosted consumption in India for months, fans are expected to flock to restaurants, pubs and food delivery platforms over the duration of the tournament. This year’s IPL also coincides with general elections that will last for six weeks starting April 19, a period when companies are expecting higher food and drink sales as people flock to rallies and other events.

“There’s going to be a lot of spending,” said Madan Sabnavis, chief economist at Bank of Baroda. “IPL, as well as the election, gives a three-month corridor with enhanced economic activity.”

Stocks in India such as McDonald’s franchise operator Westlife Foodworld Ltd. and peer Sapphire Foods India Ltd. gained ahead of the first match on Friday, as well as hotels and beverage makers. Packaged-food companies could also stand to benefit from the IPL craze, said Sachil Bobade, an analyst at investment firm Dolat Capital Market.

The IPL ecosystem was valued at $11 billion (Rs 91,721 crores) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory.

The league is also attracting record sums of money from sponsors and broadcasters. Conglomerate Tata Group won the title sponsorship rights of the tournament in January for a record 25 billion rupees ($300 million). Billionaire Mukesh Ambani’s media venture secured the digital streaming rights in 2022 for five years for $2.7 billion, while Walt Disney Co. paid roughly the same for TV rights.

“There was a serious amount of bidding even this year,” said Vinit Karnik, head of entertainment, esports and sports at media agency GroupM South Asia. “I see growth in IPL in double digits year-on-year,” he adds.

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