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
November 13,2024

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In the heart of Mangaluru, where rising air pollution is spurring public health worries, voices are calling for a greener, cleaner shift in the city’s public transport. Leading this call is APD Foundation, a Mangaluru-based environmental NGO, which has urged Forest, Ecology, and Environment Minister Eshwar Khandre to mandate electric vehicle (EV) adoption in public transport.

Abdullah A Rehman, CEO of APD Foundation, emphasized in a formal letter to the minister that Mangaluru’s public transportation system—efficient and organized with both government and private players—could transition smoothly to EVs in stages. He suggested that government-backed financial incentives, partnerships with EV manufacturers, and collaborations with environmental groups could streamline the switch.

Rehman stressed the potential of EVs to cut down emissions, enhance air quality, and reduce noise levels, noting the quieter operation of electric buses. He confirmed that a copy of his letter was submitted to the Deputy Commissioner as well.

However, Dilraj Alva from the Dakshina Kannada City Bus Association noted potential challenges, explaining that the shift might take up to two years due to infrastructure and budget hurdles. Most EV buses, he explained, are procured through aggregators, not directly by individual operators. The addition of charging stations and other essential infrastructure further complicates the transition.

Alva also raised the economic concern: while diesel buses are priced between ₹30-40 lakh, electric buses can cost up to ₹1 crore. Reflecting on recent meetings with companies, including one in Manipal, he questioned the assumption that EVs are an absolute solution to pollution. “EVs aren’t entirely eco-friendly, especially when considering battery disposal,” he cautioned.

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News Network
November 18,2024

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Mangaluru: A 14-year-old boy, Subodh, tragically lost his life after being struck by lightning while sitting outside his home in Kedila village, Bantwal taluk, on Sunday evening.

The incident occurred around 5:30 PM while Subodh, an 8th-grade student at Kalladka Shriram High School, was seated outside his house. Lightning struck him, leaving him unconscious. 

Family members rushed him to a nearby clinic and later to a private hospital in Puttur, where doctors confirmed his death upon arrival.

The boy's body was sent to Puttur Government Hospital for a post-mortem.

Tahsildar Archana Bhat has directed revenue officials to assist the grieving family. Vitla Revenue Inspector Prashanth Shetty, Village Administrative Officer Anil Kumar, Kedila Panchayat President Harish Valtaje, and panchayat members visited the family to offer their condolences and support.

This heartbreaking incident highlights the unpredictability of nature’s fury, leaving a community mourning the untimely loss of a young life.

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News Network
November 21,2024

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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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