States in 'dire straits' due to Centre's failure in managing economy: HD Kumaraswamy

News Network
August 29, 2020
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Kumaraswamy

New Delhi, Aug 29: Lashing out at Prime Minister Narendra Modi-led government, former Karnataka Chief Minister HD Kumaraswamy said that states are in "dire straits" due to the failure of the Centre whose "management of the country's economy is flawed and marked by lack of vision".

"The states are in dire straits due to the failure of the Centre whose management of the country's economy is flawed and marked by lack of vision. Instead of asking the states to borrow from the RBI, the Centre itself should borrow from it and compensate the states for the losses," he tweeted.

In a series of tweets, he attacked the Centre over several issues including GST shortfall and also targetted Finance Minister Nirmala Sitharaman over her 'an act of God' remark.

"The irresponsible attitude of the Centre in shirking its commitment towards GST shortfall of the states is condemnable. It has dealt a blow to the federal structure of the country by describing the crisis arising out of COVID-19 pandemic as an unforeseen 'act of God'," Kumaraswamy tweeted.

His response comes a day after Sitharaman referred to COVID-19 pandemic as an "act of God" and said there could be contraction of the economy.

"This year we are facing an extraordinary situation. We are facing an act of God where we may even see a contraction of the economy," she had said.

Alleging that the Centre has literally ruined the economy of states, the Janata Dal (S) leader asked them to resort to borrowings to make up for GST shortfall and also repay them.

"Long ago, architect of the Indian constitution, Dr BR Ambedkar, had expressed concern that the danger of bringing about legislations that establish control over the states' economy through luring cannot be ruled out in the future. Now, the country is staring at such a danger," he said.

He claimed that states that are in a bad economic condition due to COVID-19 and floods are "cursing" the Centre.

"The Centre has placed two options before states. They can opt for borrowing either the GST shortfall amount of Rs 97,000 crores or borrow the entire revenue gap of Rs 2.35 lakh crore that has arisen due to GST shortfall as well as COVID-19 situation," Kumaraswamy said in another tweet.

"Shocked over such a development, the states are bewildered. What can they do if the Centre causes injustice to them citing COVID-19? The states that are in a bad economic condition due to COVID-19 and floods are cursing the Centre," he added.

On Thursday, Finance Miniter Nirmala Sitharaman chaired the 41st Goods and Services Tax (GST) Council meeting.

The Centre has given two options for compensating states on the Goods and Services Tax (GST) to bridge revenue shortfall as the economy faces a prospect of contraction in current fiscal year due to COVID-19 crisis.

The first option provides a special window to states in consultation with the Reserve Bank of India (RBI) to provide Rs 97,000 crore at a reasonable rate of interest. This money can then be repaid after five years from the collection of cess.

The second option is that the entire GST compensation gap of Rs 2.35 lakh of this year can be met by states in consultation with the RBI.

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News Network
January 17,2025

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Mangaluru: In a brazen daylight robbery, a group of five to six armed individuals stormed into the Kotekar Vyavasaya Sahakara Seva Sangha branch at KC Road, Ullal taluk, and escaped with valuables estimated at ₹10-12 crore.

The incident occurred between 11:30 am and 12:30 pm, according to Police Commissioner Anupam Agrawal. The masked robbers, aged between 25-35, were armed with a pistol, talwar, and knife. They threatened the four to five employees present, forcing them to open the vault containing jewellery and other valuables.

The suspects spoke in Hindi and Kannada and fled the scene in a black Fiat car. Commissioner Agrawal confirmed that multiple police teams have been formed, and efforts are underway to track the culprits using technical surveillance and other leads.

CM Siddaramaiah Holds Emergency Meeting

Chief Minister Siddaramaiah convened a high-level meeting with senior police officials, including IGP Amit Singh, Commissioner Anupam Agrawal, SP Yathish N, and DySP, following the robbery.

Expressing dissatisfaction over security lapses, Siddaramaiah questioned, "How did this happen despite officials being present? Why were toll gates not secured?"

Officials reported that the bank had no security personnel and only five to six staff members on duty during the heist. The Chief Minister has directed authorities to enhance security across four districts, intensify checks at toll gates, and arrest the accused swiftly to ensure stringent legal action.

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coastaldigest.com news network
January 16,2025

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Mangaluru, Jan 16: In an unimaginable twist of fate, the vibrant life of 19-year-old K Ahmed Shaheem was abruptly cut short on the evening of January 15, as he collapsed and passed away while enjoying a game of badminton with friends at Falnir, Mangaluru.

Shaheem, the beloved son of Shareef, originally from Addoor and currently residing at Ivory Tower, Attavar, Mangaluru, was in the prime of his youth. 

A student pursuing his graduation at a local private college, Shaheem had a bright future ahead, filled with dreams and ambitions. His sudden death has left family, friends, and the entire community in shock and grief.

Witnesses recount the heart-wrenching moment when Shaheem, in the middle of an energetic game, suddenly fell to the ground. His friends, devastated by the sight, rushed him to the hospital in the hope of saving his life. But tragically, doctors confirmed that he had passed away by the time he arrived.

Shaheem was not only a student, but also a passionate individual deeply involved in various social organizations, where he touched many lives with his kindness and commitment. His sudden departure has left a void that can never be filled, and his memory will remain forever etched in the hearts of all who knew him.

As his family mourns the loss of their precious son, the community stands in solidarity, deeply moved by the untimely loss of a young life that had so much promise.

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News Network
January 19,2025

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The planned ceasefire agreement between the Palestinian Hamas resistance group and Israel has taken effect after deadly strikes by the usurping regime on the Gaza Strip.

The truce deal was set to begin at 8:30 a.m. local time (06:30 GMT) on Sunday to end the 15-month-long Israeli genocidal war on the besieged territory but was delayed for almost three hours. It finally went into effect at 11:15 a.m. local time.

Earlier in the day, the Israeli military said that it continued to carry out attacks on Gaza as Hamas had not provided a list of captives to be released under the ceasefire.

Israeli army spokesman Rear Admiral Daniel Hagari said in a televised statement that the regime’s military “continues to strike within the Gaza area at this time. According to the prime minister’s directives, the ceasefire will not come into effect until Hamas fulfills its commitments.”

He echoed an earlier statement from prime minister Benjamin Netanyahu, who ordered the occupation’s military not to implement the Gaza truce until Hamas issues the names of the Israeli captives to be released.

Meanwhile, Hamas said the delay in handing over the names of the captives is due to “technical and field reasons.”

In a statement issued on Telegram, the resistance group reaffirmed its commitment to the terms of the ceasefire agreement.

Afterwards, Hamas provided a list of the three Israeli captives to be freed later on Sunday.

13 Palestinians killed during ceasefire delay

Gaza’s Civil Defense said 13 people have been killed and more than 30 others injured in the Israeli bombing of Gaza on Sunday morning during the nearly three-hour delay in the start of the ceasefire.

Gaza’s Government Media Office announced that it had begun deploying thousands of Palestinian police officers tasked with maintaining security and order in the blockaded territory.

“Ministries and government institutions are fully prepared to begin work according to the government plan [and] to implement all measures that ensure life returns to normal as soon as possible,” it added.

Israel unleashed its brutal Gaza onslaught on October 7, 2023, after Hamas carried out a historic operation against the occupying entity in retaliation for its intensified atrocities against the Palestinian people.

However, the Tel Aviv regime failed to achieve its declared objectives of freeing captives and eliminating Hamas despite killing nearly 47,000 Palestinians, mostly women and children, in Gaza.

Earlier this week, Israel was forced to agree to a ceasefire, accepting Hamas' longstanding negotiation terms.

The ceasefire deal consists of three phases, each lasting 42 days. Negotiations for the second and third phases will begin 16 days after the implementation of the first phase. 

The first phase will see the release of some 1,900 Palestinian abductees in exchange for 33 Israeli captives held in Gaza. It also requires Israeli occupation forces to begin withdrawing from the Philadelphi corridor - also known as the Salah al-Din axis - on the Gaza-Egypt border.

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