• Abstract and Figures
• Public Full-text

C M Y K . / RNI Regn. No. MPENG/2004/13703, Regd. No. L-2/BPLON/41/2006-2008 '(!)'#*+, 0121 23 4 #56 717)"18+9 - 6 655'*&6/7 1&21%/24/',/75' 2%-5&/ '/04201(53 ,45-&0,41,&/*3& &42&2-1 4&'2&4 5/* 8'/&0&-$562%*2& 56/0&25* '/4&'1 47'/&,&'.2#&73&'& 564+ ''& "9: ;&* / & -.-/01/2 03,41 !"#$ % #&" '() $ % % R ,/&011 he Congress-Janata Dal(S) Tcoalition Government in Karnataka plunged into a deep- er crisis on Monday with two Ministers — H Nagesh and R Shankar, who are Independent MLAs — submitting their res- ignation to the State Governor. Thirteen other MLAs — 10 from the Congress and three from the JD(S) — have already %1%,&2 put in their papers and are headed for Goa from Mumbai, arket benchmark BSE where they were staying to MSensex on Monday plum- beating on reports that ward off overtures from their meted by 793 points or 2 per automakers have resorted to respective parties. # $ +, - ) ' &(./ cent, its biggest single-day loss production cuts after declining As a last-ditch effort to save 0 $%&'(0 this year so far, due to heavy sales. the Government, Ministers * 1* ) 2 selling in financial, auto and oil Hero MotoCorp declined from both the Congress and !"# stocks as investors turned edgy 5.3 per cent, Maruti by 5.2 per the JD(S) on Monday resigned after the twin impact of Budget cent, Tata Motors by 3.4 per “voluntarily” to induct dissi- mark is 113. If the resignations we had detailed discussions tax proposals and a global sell- cent and Bajaj Auto by 2 per dents in the Cabinet. However, of the MLAs are accepted, the with senior leaders and off. cent. “The Budget failed to so far there is no indication that coalition’s tally will be reduced Ministers,” Venugopal told The 30-share Sensex revive bullish sentiments any of the rebel MLAs are ready to 104. reporters. tanked 907 points in the intra- among the investor communi- to reconsider their stand. $%&'( ) * !"# On a hectic day of political The meeting was attended day trade before settling at ty. The disappointment was The resignation of the two activities, the Congress took the by Congress Legislature Party 38,720.57 points, showing a aggravated as the market’s Ministers who were inducted Government denied any role in “Whatever is happening cur- diate resignation. lead to save the Government, Leader Siddaramaiah among sharp loss of 792.82 points or expectations of a stimulus into the Government last the political turmoil even as rently in Karnataka, we have no “If at all he has dignity, holding the meeting at the others. Siddaramaiah too said 2.01 per cent. package to revive growth were month to prevent them from Congress accused it of hatch- relation with that,” he said. honour and self-esteem or if he residence of Deputy Chief all Congress Ministers have The broader Nifty of the not met. Further, expectations going to the BJP camp has ing a conspiracy. Chowdhury alleged the is aware of Karnataka’s culture Minister G Parameshwara, voluntarily resigned and have NSE tanked 252.55 points, or of weak earnings growth in the come as a major blow to the The BJP has “nothing to BJP-ruled Government is and traditions, he should which was attended by senior given “full freedom” to the 2.14 per cent, to close at coming quarter are dampening efforts of the crisis managers of do” with whatever develop- hatching a conspiracy to break immediately resign... Do not leaders, including AICC gen- party to reshuffle the Ministry. 11,558.60 points. sentiments,” Sunil Sharma, the the Congress and the JD(S). ment is taking place in the Congress-led Government try to stick on to the chair. You eral secretary KC Venugopal. “All ministers from #JDS After the Budget presenta- Chief Investment Officer of If the 13 MLAs who Karnataka and “we never pres- in Karnataka and Madhya do not have the numbers,” for- At the end of the meeting, have submitted their resigna- tion on Friday, the market cap- Sanctum Wealth Management resigned earlier stick to their surise and engineer defections”, Pradesh. “This Government is mer Deputy CM R Ashok said. the party said all its 21 tions just like the 21 Ministers italisation of BSE-listed firms commented. stand, then along with these Union Defence Minister secretly hatching a conspiracy The JD(S)-Congress coali- Ministers resigned voluntarily from #Congress. Cabinet dived 5,61,772.64 crore. Among financial stocks, two Ministers, they will be Rajnath Singh said in the Lok against the State Government. tion’s total strength after to enable a reshuffle of the reshuffle will happen soon, Sensex had dropped 394.67 HDFC dropped by 0.77 per bring the coalition Sabha as Congress leader Adhir They took our MLAs to a five Nagesh and Shankar with- Cabinet and make way for the the CM Office said in points on Friday. cent, SBI by 4.14 per cent and Government in minority, Ranjan Chowdhury accused star hotel in Mumbai,” drawing their support is 116 disgruntled legislators. The a tweet. Among the Sensex scrips, Axis Bank by 2.84 paving the way for either the BJP of “buying MLAs” in Chowdhury said. (Congress-78, JD(S)-37 and JD(S) followed suit with nine of Under the coalition Bajaj Finance fell the most by per cent. imposition of President’s rule in Karnataka. With Karnataka Chief BSP-1), besides the Speaker. its Ministers resigning after arrangement, out of the total 34 8.18 per cent, followed by ONGC dropped 5.43 per the State or installation of a The Defence Minister said Minister H D Kumaraswamy’s With the support of two Kumaraswamy met the ministerial positions, the ONGC at 5.43 per cent. cent, L&T by 4.3 per cent and BJP-led Government. the Government is committed Government appearing on the Independents, the BJP has 107 Congress leaders. Congress and the JD(S) have Auto stocks Hero Reliance Industries by 0.85 per The issue echoed in to protect the dignity of brink of collapse, the BJP on MLAs in the 224-member “For the larger interest of shared 22 and 12 berths respec- MotoCorp, Maruti, Tata cent, dragging the index into Parliament where the Parliamentary democracy. Monday demanded his imme- House, where the half-way the party, yesterday and today, tively. Motors and Bajaj Auto took a the negative territory. ! " # $% +$ (& && ‘nallah’ (drain),” Additional & ' Chief Secretary Information, nother fatal road accident Awanish Awasthi, said. The Ahas been reported from Uttar Pradesh Roadways will !"!#R without any reference to its the Yamuna Expressway. On pay ex gratia of 5 lakh to the O causality. The OHCHR update Monday, twenty-nine people next of kin of the deceased, the $ seems to be a contrived effort were killed and 18 injured officials said. At least 77 people to create an artificial parity after a State-run bus skidded off have died this year only in acci- % & between the world’s largest the expressway and fell into a dents on the 165-km express- and the most vibrant democ- large drain in near Etmadpur in way, according to RTI data $ '() racy and a country that open- Agra, officials said. accessed by NGO SaveLIFE /3'/042 ly practises state-sponsored The bus was going from Foundation. The NGO said /3'/042 terrorism,” Kumar said. Lucknow to Delhi and had at 703 lives were lost in 4,880 acci- gainst the backdrop of a !" The OHCHR report claims least 50 passengers on board, dents between August 2012, Amajor accident on Yamuna # $ ndia on Monday slammed a the civilian casualties reported they said. “As per the District when the expressway was Expressway on Monday, Union IUnited Nation human rights the dismemberment of a UN in Kashmir and Pakistan-occu- Magistrate (of Agra) 29 persons opened for commercial opera- Transport Minister Nitin body’s report on Jammu & member state.” pied Kashmir from May 2018 have died. The bus fell into a tions, and January last year. Gadkari said the Government $ Kashmir situation and called it India’s retort came after the to April 2019 may be the high- is considering making it continuation of the earlier Geneva-based OHCHR, which est in over a decade and called mandatory for manufacturers % “false and motivated” narrative last year released its first-ever on the UN Human Rights to mix silicon with rubber to which ignored the core issue of report on Kashmir, issued an Council to consider “the pos- improve quality of tyres and fill constructing and maintaining cross-border terrorism ema- “update” of the 2018 report on sible establishment of a com- them with nitrogen to help pre- National Highways in the nating from Pakistan and vio- Monday, claiming that “neither mission of inquiry to conduct vent road accidents due to tyre country and the Noida-Agra !"#$!%&$ & lates India’s sovereignty and ter- India nor Pakistan has taken a comprehensive independent bursting in excessive heat. Yamuna Expressway is not a ritorial integrity. any concrete steps to address international investigation into Making this assertion in National Highway constructed % O Refuting the report, the numerous concerns raised”. allegations of human rights the Rajya Sabha, Gadkari and managed by the National % Ministry of External Affairs The MEA said the violations in Kashmir”. termed the tragedy unfortunate Highways Authority of India Spokesperson Raveesh Kumar OHCHR “update” is in com- “We have registered our and said the Uttar Pradesh (NHAI) or the Ministry, he said, “The update of the report plete variance with positions of strong protest regarding the Government has already set up said.

Load more

  16

Copy Link