Tag: budget

  • FM rejects ‘green Budget for Adani’ charge; says allocation not biased

    FM rejects ‘green Budget for Adani’ charge; says allocation not biased

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    New Delhi: Finance Minister Nirmala Sitharaman on Friday rejected Opposition charges of the Budget allocations for green and clean energy being made keeping the Adani Group in mind, saying it might be Congress culture to give benefits to ‘jijas’ and ‘bhatijas’ but not of the Modi government.

    Sitharaman had in Budget 2023-24 provided Rs 35,000 crore for clean energy transition — a space where the Adani Group has announced massive projects ranging from renewable energy capacity to green hydrogen production. Such allocation has been tagged ‘green growth’ budget and the Opposition punned it to imply it was meant for Adani Group firms such as Adani Green Energy Ltd.

    ” … kyun ki mera naam le kar ek vipaksh ke neta bole, kya Nirmala Sitharaman ne green mei itna amount allot kiya, kya itna amount kisiko mann mei rakhte hue allot kiya? (Because one Opposition leader took my name and said, did Nirmala Sitharaman allocate so much amount to green sector keeping in mind a particular individual?)

    “Under Prime Minister Narendra Modi government, any allocation is not made keeping anyone specific in mind, rather by keeping everyone in mind. The government keeps country in mind. Such kind of remarks is absolutely wrong…,” the minister said without naming any company or individual.

    She was replying to the general discussion on the Union Budget in the Lok Sabha.

    Proceedings of Parliament have been disrupted by Opposition parties demanding a probe by a Joint Parliamentary Committee or a Supreme Court monitored enquiry into allegations of financial fraud made by US-based Hindenburg Research against the Adani Group.

    While participating in the debate, Congress’ Leader of the House Adhir Ranjan Chowdhury sought an explanation from the Finance Minister on how can investors have confidence when the market capitalisation of one of the richest persons in the world eroded by 47 per cent following allegations of accounting fraud and stock price manipulation.

    Without naming the Congress, Sitharaman said there were times when phone calls were made to banks for giving loans to benefit certain people.

    “…if phone calls were made, if relations were given benefit, if jijajis and bhatijas (brothers-in law and nephews) were given benefit, it might be their culture,” she said in an apparent dig at the Gandhi family.

    “Under Prime Minister Modi, none of us do any of that. And therefore, any such allegation will be given back in the same language. I’m sorry…I can’t afford to have this kind of language,” Sitharaman said.

    There were allegations that systems were bypassed to provide bank loans to people associated with the Congress party leadership during the UPA regime (2004-2014). The Congress party has rejected such allegations.

    Sitharaman also said during earlier Congress regimes, there were massacres and cited examples of Nellie in Assam and the anti-Sikh riots in Delhi. She also accused the then Congress party government for brutally suppressing Sadhus protesting cow slaughter in Delhi in 1966.

    “Who will answer for these,” she said, adding the Modi government was not against any community and does not believe in vote bank politics.

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    ( With inputs from www.siasat.com )

  • Rajasthan CM Gehlot clarifies on reading previous year budget, says “last year promises not fulfilled yet hence reading th

    Rajasthan CM Gehlot clarifies on reading previous year budget, says “last year promises not fulfilled yet hence reading th

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    Rajasthan Budget 2023: CM Ashok Gehlot reads old budget for 7 minutes inside AssemblyRajasthan Budget 2023: Rajasthan Chief Minister Ashok Gehlot on Friday accidentally read the old Budget speech on the floor of the Assembly for about 7 minutes. He stopped only after being interrupted.

     

    The chief whip later stopped Gehlot from reading further and the House was adjourned for 30 minutes. When the session resumed, CM Ashok Gehlot clarified on why he was reading the previous year budget. CM Gehlot said that his party couldn’t fulfil last year budget promises and hence he read the previous year budget again.

     

    One of the senior BJP Rajasthan leaders said that nobody pays attention to what CM Gehlot says because they can’t understand what he says and even if they do, congress is not going to fulfil those promises anyway. “So what’s the point” he added.

     

    Minister close to CM Ashok Gehlot said that Gehlot believes that the budget case was swapped by Sachin Pilot to make Gehlot look fool and place himself a taller leader in Congress than Gehlot.

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    [ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]

  • Budget Session of Parliament

    Budget Session of Parliament

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    Budget Session of Parliament



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    #Budget #Session #Parliament

    ( With inputs from www.siasat.com )

  • Hyderabad residents may witness traffic jams due to Formula E race, budget session

    Hyderabad residents may witness traffic jams due to Formula E race, budget session

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    Hyderabad: The residents of Hyderabad may witness traffic jams at various places in the city today due to the Formula E race, and ongoing budget session.

    Traffic movement is likely to be slow at Public Garden, Assembly, Ravindra Bharathi, DGP office, Lakdikapool, etc. due to the Telangana assembly budget session.

    Due to traffic diversions for the Formula E race which is scheduled to be held on February 11, traffic movement may become slow from Erramanzil, KCP, RTA Office, VV Statue, Shadan College, Hampshire, towards Lakdikapool Metro Station.

    As per Hyderabad Traffic Police, movement of vehicles is slow from St Ann’s School, North Zone, YMCA, Patny X Roads towards Paradise X Roads due to the heavy flow of traffic and peak hours.

    Restrictions for Formula E race may lead to traffic jams in Hyderabad

    In view of the Formula E race, traffic restrictions are imposed around Hussain Sagar in the heart of Hyderabad.

    Traffic will not be allowed on the Telugu Talli flyover to the Khairatabad flyover and Mint compound to I Max.

    Due to the restrictions, it is likely that many places in Hyderabad may witness traffic jams throughout the day.

    In the first-ever ABB FIA Formula E World Championship race in India, eleven teams and 22 drivers will be seen in action.

    Traffic restrictions for Telangana Assembly budget session

    As per the restrictions for the Telangana Assembly budget session in Hyderabad, traffic may be stopped or diverted on a need basis along the routes of Telugu Thalli – Iqbal Minar – Ravindra Bharathi; VV Statue – Shadan – Nirankari – Old PS Saifabad – Ravindra Bharathi; Masab Tank – PTI Building – Ayodhya – Nirankari; New MLA Quarters – Basheerbagh Junction to Old PCR Junction; BJR Statue – AR Petrol pump – Old PCR Junction; M J Market – Taj Island – Nampally Railway Station – AR Petrol pump – Old PCR Junction; BRK Bhavan – Adarsh Nagar – Old PCR Junction; Ministers Residence Complex and Road No. 12, Banjara Hills – Virinchi Hospitals.

    Other routes where traffic restrictions will be imposed are Jubilee Hills Check Post – KBR Park – LV Prasad Eye Hospital – Srinagar Colony T Junction – Sagar Society T Junction – NFCL – Vengal Rao Park – GVK Mall – Taj Krishna – KCP Junction – VV Statue; ESI Hospital – SR Nagar Metro Station – Ameerpet Metro Station – Panjagutta Junction – NIMS – VV Statue; CTO Junction – Paradise – Ranigunj – Karbala – Children’s Park – Tank Bund – Ambedkar Statue – Telugu Thalli – Iqbal Minar – Ravindra Bharathi and Plaza Junction – Patny – Bata – Bible house – Karbala.



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    #Hyderabad #residents #witness #traffic #jams #due #Formula #race #budget #session

    ( With inputs from www.siasat.com )

  • Opposition criticises budget, says fails to tackle inflation

    Opposition criticises budget, says fails to tackle inflation

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    New Delhi: The Opposition criticised the economic policies of the Union government on Wednesday, saying that unemployment and poverty have risen in the country due to it.

    Congress MP Gaurav Gogoi, while initiating the debate on the Union Budget in Lok Sabha, said that the Union government had failed to control inflation.

    He added that an “A” grade should be given to the Union Budget, not the one which is given in schools, but the one which stands for Adani, whom it is meant to benefit.

    The budget, Gogoi said, had nothing for the common man while all announcements were for a particular corporate group.

    The Congress MP said that the government has announced capital expenditure to the tune of Rs 10 lakh crore, of which nearly Rs five lakh crore was for infrastructure projects such as highways, railways and airports.

    These assets would be built with public money, which would later be monetised to ‘crony capitalists’, he claimed.

    Gogoi said there was no additional allocation for public sector undertakings that pay dividends to the government, nor are there any allocations for the armed forces, he alleged.

    The government has not made adequate allocation for the armed forces to deal with the challenge posed by China, he said.

    Gogoi claimed that while other countries are decreasing their dependence on China, India’s imports from that country were on the rise.

    He added that greater investment was needed in education and manufacturing sectors.

    The Lok Sabha was later adjourned for the day due to lack of quorum.

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    ( With inputs from www.siasat.com )

  • Rishi Sunak is haunted by ghosts of prime ministers past

    Rishi Sunak is haunted by ghosts of prime ministers past

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    britain politics 23013

    LONDON — “Back to her old self again” was how one erstwhile colleague described Liz Truss, who made her return to the U.K.’s front pages at the weekend. 

    That’s exactly what Rishi Sunak and his allies were afraid of. 

    Truss, who spent 49 turbulent days in No. 10 Downing Street last year, is back. After a respectful period of 13 weeks’ silence, the U.K.’s shortest-serving prime minister exploded back onto the scene with a 4,000-word essay in the Sunday Telegraph complaining that her radical economic agenda was never given a “realistic chance.”

    In her first interview since stepping down, broadcast Monday evening, she expanded on this, saying she encountered “system resistance” to her plans as PM and did not get “the level of political support required” to change prevailing attitudes.

    While the reception for Truss’s relaunch has not been exactly rapturous — with much of the grumbling coming from within her own party — it still presents a genuine headache for her successor, Sunak, who must now deal with not one but two unruly former prime ministers jostling from the sidelines. 

    Boris Johnson is also out of a job, but is never far from the headlines. Recent engagements with the U.S. media and high-profile excursions to Kyiv have ensured his strident views on the situation in Ukraine remain well-aired, even as he racks up hundreds of thousands in fees from private speaking engagements around the world.

    Wasting no time

    Truss and Johnson have, typically, both opted for swifter and more vocal returns to frontline politics than many of their forerunners in the role. 

    “Most post-war prime ministers have been relatively lucky with their predecessors,” says Tim Bale, professor of politics at Queen Mary, University of London. “They have tended to follow the lead of [interwar Conservative PM] Stanley Baldwin, who in 1937 promised: ‘Once I leave, I leave. I am not going to speak to the man on the bridge, and I am not going to spit on the deck.’”

    Such an approach has never been universal. Ted Heath, PM from 1970-74, made no secret of his disdain for his successor as Tory leader Margaret Thatcher. Thatcher in turn “behaved appallingly” — in Bale’s words — to John Major, who replaced her in Downing Street in 1990 after she was forced from office.

    But more recent Tory PMs have kept a respectful distance.

    David Cameron quit parliament entirely after losing the EU referendum in 2016, and waited three years before publishing a memoir — reportedly in order to avoid “rocking the boat” during the ongoing Brexit negotiations. 

    And while Theresa May became an occasional liberal-centrist thorn in Boris Johnson’s side, she did so only after a series of careful, low-profile contributions in the House of Commons on subjects close to her heart, such as domestic abuse and rail services in her hometown of Maidenhead.

    “You might expect to see former prime ministers be a tad more circumspect in the way they re-enter the political debate,” says Paul Harrison, former press secretary to May. “But then she [Truss] wasn’t a conventional prime minister in any sense of the word, so perhaps we shouldn’t be surprised that she’s done something very unconventional.”

    Truss’s rapid refresh has not met with rave reviews.

    Paul Goodman, editor of influential grassroots website ConservativeHome, writes that “rather than concede, move on, and focus on the future, she denies, digs in and reimagines the past,” while Tory MP Richard Graham told Times Radio that Truss’ time in office “was a period that [people] would rather not really remember too clearly.”

    One long-serving Conservative MP said “she only had herself to blame for her demise, and we are still clearing up some of the mess.” Another appraised her latest intervention simply with an exploding-head emoji.

    Trussites forever

    But despite Tory appeals for calm, the refusal of Truss and Johnson to lie low remains a serious worry for the man eventually chosen to lead the party after Truss crashed and burned and Johnson thought better of trying to stage a comeback.

    Between them, the two ex-PMs have the ability to highlight two of Sunak’s big weaknesses. 

    While Truss may never live down the disastrous “mini-budget” of last September which sent the U.K. economy off the rails, her wider policy agenda still has a hold over a number of Conservative MPs who believe they have no hope of winning the election without it. 

    This was the rationale behind the formation last month of the Conservative Growth Group, a caucus of MPs who will carry the torch for the low-tax, deregulatory approach to government favored by Truss and who continue to complain Sunak has little imagination when it comes to supply-side reforms. 

    Simon Clarke, who was a Cabinet minister under Truss, insisted “she has thought long and hard” about why her approach failed and “posed important questions” about how the U.K. models economic growth in her Telegraph piece.

    Other Conservatives have been advocating a reappraisal of the actions of the Bank of England in the period surrounding the mini-budget, arguing that Truss was unfairly blamed for a collapse in the bond market.

    But Harrison doubts whether she may be the best advocate for the causes she represents. “There’s a question about whether it actually best serves her interests in pushing back against a strong prevailing understanding of what happened so soon after leaving office.”

    Johnson, meanwhile — to his fans, at least — continues to symbolize the star quality and ballot box appeal which they fear Sunak lacks. 

    One government aide who has worked with both men said Johnson’s strength lay in his “undeniable charisma” and persuasive power, while Sunak, more prosaically, “was all about hard work.”

    These apparent deficiencies feed into a fear among Sunak’s MPs that he is governing too tentatively and, as one ally put it recently, needs to rip off the “cashmere jumper.”

    It’s been posited that British prime ministers swing back and forth between “jocks” and “nerds” — and nothing is more likely to underline Sunak’s nerdiness than a pair of recently-deposed jocks refusing to shut up. 

    Trouble ahead 

    Unluckily for Sunak, there are at least three big-ticket items coming up which will provide ample ground on which his nemeses can cause trouble. 

    One is the forthcoming budget — the government’s annual public spending plan, due March 15. Truss and Johnson are unlikely to get personally involved, but Truss loyalists will make a nuisance of themselves if Sunak’s approach is judged to offer the paucity of answers on growth they already fear.

    Before that, Truss is expected to make her first public appearance outside the U.K. with a speech on Taiwan which could turn up the heat on Sunak over his approach to relations with China. 

    One person close to her confirmed China would be “a big thing” for her, and is expected to be a theme of her future parliamentary interventions.

    Then there is the small matter of the Northern Ireland protocol, the thorniest unresolved aspect of the Brexit deal with Brussels where tortured negotiations appear to be reaching an endgame.

    Sunak has been sitting with a draft version of a technical deal since last week, according to several people with knowledge of the matter, and is now girding his loins for the unenviable task of trying to get a compromise agreement past both his own party and hardline Northern Irish unionists.

    A Whitehall official working on the protocol said Johnson “absolutely” had the power to detonate that process, and that “he should never be underestimated as an agent of chaos.”

    One option touted by onlookers is for Sunak to attempt to assemble the former prime ministers and ask them to stand behind him on a matter of such huge national and international significance. But as things stand such a get-together is difficult to picture.

    At the heart of Johnson and Truss’ actions seems to be an essential disquiet over the explosive manner of their departures.

    They appear fated to follow in Thatcher’s footsteps, as Bale puts it — “not caring how much trouble they cause Sunak, because in their view, he should never have taken over from them in the first place.”



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    ( With inputs from : www.politico.eu )

  • Telangana budget: Shaadi Mubarak Scheme allocation increased to 450 crores

    Telangana budget: Shaadi Mubarak Scheme allocation increased to 450 crores

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    Hyderabad: The Telangana government has allocated Rs 450 crore for Shaadi Mubarak Scheme in the annual budget for 2023-24, increasing the amount by Rs 150 crore over the previous year, which is a commendable move, however there are several complaints of delay in release of funds.

    A large number of complaints received from married couple who are awaiting Shaadi Mubarak funds even after childbirth, that needs to be addressed. Poor parents who have taken loans for the marriages of their loved ones are filing applications on a large scale to avail the Shaadi Mubarak Scheme benefits. Most of the parents have taken a loan on huge interest rates for the marriages purpose and due to the delay the interest on loan is been adding up with each passing day. The government, Minority Welfare Department and the concerned authorities need to address these issues immediately.

    Apart from Hyderabad city, thousands of applications are pending in the districts, there is a need to set up a special mechanism for their speedy resolution, so that the problems of poor parents can be resolved immediately.

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    ( With inputs from www.siasat.com )

  • AISF demands 30% of Telangana budget for education

    AISF demands 30% of Telangana budget for education

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    Hanamkonda: The AISF (All India Students’ Federation) has demanded that the government should increase the allocation for the education sector from the existing 6.57 percent share of the total budget to 30 percent.

    AISF general secretary Bashaboina Santosh in Hanamkonda District held that it was unfair to allocate just Rs 19,093 crore to the benefit of students from the state budget.

    “While the total outlay of the budget is Rs 2,90,396 crores, the funds allocated to the education sector are 6.57 percent of the total budget. It is not appropriate to reduce the allocation from 7.30 percent last year to 6.57 percent this year,” stated the secretary in a press note.

    The federation also demanded that a resolution must be passed in the Assembly against the new National Education Policy 2020 as the new policy was aimed at the saffronisation of education.

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    ( With inputs from www.siasat.com )

  • Heads roll in Ukraine graft purge, but defense chief Reznikov rejects rumors he’s out

    Heads roll in Ukraine graft purge, but defense chief Reznikov rejects rumors he’s out

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    russia ukraine war 29184

    KYIV — Heads are rolling in President Volodymyr Zelenskyy’s expanding purge against corruption in Ukraine, but Defense Minister Oleksii Reznikov is denying rumors that he’s destined for the exit — a move that would be viewed as a considerable setback for Kyiv in the middle of its war with Russia.

    Two weeks ago, Ukraine was shaken by two major corruption scandals centered on government procurement of military catering services and electrical generators. Rather than sweeping the suspect deals under the carpet, Zelenskyy launched a major crackdown, in a bid to show allies in the U.S. and EU that Ukraine is making a clean break from the past.

    Tetiana Shevchuk, a lawyer with the Anti-Corruption Action Center, a watchdog, said Zelenskyy needed to draw a line in the sand: “Because even when the war is going on, people saw that officials are conducting ‘business as usual’. They saw that corrupt schemes have not disappeared, and it made people really angry. Therefore, the president had to show he is on the side of fighting against corruption.”

    Since the initial revelations, the graft investigations have snowballed, with enforcers uncovering further possible profiteering in the defense ministry. Two former deputy defense ministers have been placed in pre-trial detention.

    Given the focus on his ministry in the scandal, speculation by journalists and politicians has swirled that Reznikov — one of the best-known faces of Ukraine’s war against the Russian invaders — is set to be fired or at least transferred to another ministry.

    But losing such a top name would be a big blow. At a press conference on Sunday, Reznikov dismissed the claims about his imminent departure as rumors and said that only Zelenskyy was in a position to remove him. Although Reznikov admits the anti-corruption department at his ministry failed and needs reform, he said he was still focused on ensuring that Ukraine’s soldiers were properly equipped.

    “Our key priority now is the stable supply of Ukrainian soldiers with all they need,” Reznikov said during the press conference.

    Despite his insistence that any decision on his removal could only come from Zelenskyy, Reznikov did still caution that he was ready to depart — and that no officials would serve in their posts forever.

    The speculation about Reznikov’s fate picked up on Sunday when David Arakhamia, head of Zelenskyy’s affiliated Servant of the People party faction in the parliament, published a statement saying Reznikov would soon be transferred to the position of minister for strategic industries to strengthen military-industrial cooperation. Major General Kyrylo Budanov, current head of the Military Intelligence Directorate, would head the Ministry of Defense, Arakhamia said.

    However, on Monday, Arakhamia seemed to row back somewhat, and claimed no reshuffle in the defense ministry was planned for this week. Mariana Bezuhla, deputy head of the national security and defense committee in the Ukrainian parliament, also said that the parliament had decided to postpone any staff decisions in the defense ministry as they consider the broader risks for national defense ahead of another meeting of defense officials at the U.S. Ramstein air base in Germany and before an expected upcoming Russian offensive.  

    Zelenskyy steps in

    The defense ministry is not the only department to be swept up in the investigations. Over the first days of February, the Security Service of Ukraine, State Investigation Bureau, and Economic Security Bureau conducted dozens of searches at the customs service, the tax service and in local administrations. Officials of several different levels were dismissed en masse for sabotaging their service during war and hurting the state.     

    “Unfortunately, in some areas, the only way to guarantee legitimacy is by changing leaders along with the implementation of institutional changes,” Zelenskyy said in a video address on February 1. “I see from the reaction in society that people support the actions of law enforcement officers. So, the movement towards justice can be felt. And justice will be ensured.” 

    Yuriy Nikolov, founder of the Nashi Groshi (Our Money) investigative website, who broke the story about the defense ministry’s alleged profiteering on food and catering services for soldiers in January, said the dismissals and continued searches were first steps in the right direction.

    “Now let’s wait for the court sentences. It all looked like a well-coordinated show,” Nikolov told POLITICO.  “At the same time, it is good that the government prefers this kind of demonstrative fight against corruption, instead of covering up corrupt officials.”

    Still, even though Reznikov declared zero tolerance for corruption and admitted that defense procurement during war needs reform, he has still refused to publish army price contract data on food and non-secret equipment, Nikolov said.

    During his press conference, Reznikov insisted he could not reveal sensitive military information during a period of martial law as it could be used by the enemy. “We have to maintain the balance of public control and keep certain procurement procedures secret,” he said.

    Two deputies down

    Alleged corruption in secret procurement deals has, however, already cost him two of his deputies.  

    Deputy Defense Minister Vyacheslav Shapovalov, who oversaw logistical support for the army, tendered his resignation in January following a scandal involving the purchase of military rations at inflated prices. In his resignation letter, Shapovalov asked to be dismissed in order “not to pose a threat to the stable supply of the Armed Forces of Ukraine as a result of a campaign of accusations related to the purchase of food services.”

    Another of Reznikov’s former deputies, Bohdan Khmelnytsky, who managed defense procurement in the ministry until December, was also arrested over accusations he lobbied for a purchase of 3,000 poor-quality bulletproof vests for the army worth more than 100 million hryvnias (€2.5 million), the Security Service of Ukraine reported.  If found guilty he faces up to eight years in prison. The director of the company that supplied the bulletproof vests under the illicit contract has been identified as a suspect by the authorities and now faces up to 12 years in prison if found guilty.

    Both ex-officials can be released on bail.  

    Another unnamed defense ministry official, a non-staff adviser to the deputy defense minister of Ukraine, was also identified as a suspect in relation to the alleged embezzlement of 1.7 billion hryvnias (€43 million) from the defense budget, the General Prosecutors Office of Ukraine reported.  

    When asked about corruption cases against former staffers, Reznikov stressed people had to be considered innocent until proven guilty.

    Reputational risk

    At the press conference on Sunday, Reznikov claimed that during his time in the defense ministry, he managed to reorganize it, introduced competition into food supplies and filled empty stocks.

    However, the anti-corruption department of the ministry completely failed, he admitted. He argued the situation in the department was so unsatisfactory that the National Agency for the Prevention of Corruption gave him an order to conduct an official audit of employees. And it showed the department had to be reorganized.

    “At a closed meeting with the watchdogs and investigative journalists I offered them to delegate people to the reloaded anti-corruption department. We also agreed to create a public anti-corruption council within the defense ministry,” Reznikov said.

    Nikolov was one of the watchdogs attending the closed meeting. He said the minister did not bring any invoices or receipts for food products for the army, or any corrected contract prices to the meeting. Moreover, the minister called the demand to reveal the price of an egg or a potato “an idiocy” and said prices should not be published at all, Nikolov said in a statement. Overpriced eggs were one of the features of the inflated catering contracts that received particular public attention.

    Reznikov instead suggested creating an advisory body with the public. He would also hold meetings, and working groups, and promised to provide invoices upon request, the journalist added.

    “So far, it looks like the head of state, Zelenskyy, has lost patience with the antics of his staff, but some of his staff do not want to leave their comfort zone and are trying to leave some corruption options for themselves for the future,” Nikolov said.

    Reznikov was not personally accused of any wrongdoing by law enforcement agencies.

    But the minister acknowledged that there was reputational damage in relation to his team and communications. “This is a loss of reputation today, it must be recognized and learned from,” he said. At the same time, he believed he had nothing to be ashamed of: “My conscience is absolutely clear,” he said.



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    ( With inputs from : www.politico.eu )

  • Illusionary, directionless: Telangana Congress on budget speech

    Illusionary, directionless: Telangana Congress on budget speech

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    Hyderabad: Congress MP and former Telangana Pradesh Congress Committee (TPCC) President Uttam Kumar Reddy said that the state budget presented by Telangana’s finance minister Harish Rao in the Assembly on Monday was ‘illusionary’ and ‘directionless’.

    Uttam Kumar Reddy said that the state revenue does not match the proposed expenditure of Rs 2.90 lakh crore which is total “unrealistic”.

    “First time in history the finance minister’s speech had no mention of estimated revenues. He was unable to specify whether the budget was surplus or deficit,” he said.

    The Congress MP said that there was no uniformity in the allocation of funds and all major sectors remained neglected. For instance, he said that the allocation of the total budget for the health dept was only 4.18 percent. Similarly, Secondary Education got just 5.54 percent while Higher Education got just 1.03 percent.

    He said that the state government did not make any provision to clear the pending fee reimbursement and scholarship dues of over Rs 3,200 crores and a meagre Rs 3,001 crores have been allocated for the entire Higher Education Dept. He said there was no mention of the monthly Unemployment Allowance of Rs 3,016 which the KCR government had promised to give to all jobless youth.

    Further, he said that an amount of only Rs 17,700 crores was allocated for the Dalit Bandhu scheme. He added that there are nearly 17 lakh poor Dalit families in Telangana and this budget could not cover even 10 percent of those beneficiaries.

    He said that a sufficient amount was not allocated for the scheme of sheep distribution and there was no mention of the waiver of crop loans.

    Uttam claimed that the chief minister had promised a farm loan waiver of up to Rs 1 lakh to Telangana farmers on December 2 2018. However, he claimed that crop loans up to Rs 35,000 have been cleared in the last four years.

    “This was the last budget of the BRS government and it failed to honour these promises. The Congress party had demanded Rs 20,000 crores for the completion of Rs 1 lakh loan waiver for all farmers of Telangana as more than 20 lakh farmers and their families are still waiting for it. However, the finance minister has disappointed the farmers of Telangana,” he said.

    Uttam Kumar Reddy ridiculed Harish Rao’s claims of economic development in Telangana. He said that the finance minister did not mention anything about the debts of over Rs 5 lakh crore on Telangana and the impact of their high interest and repayments on the state’s economy.

    Uttam alleged that he dedicated his entire speech to praising the chief minister. “Budget speech is considered the most sacred document for any state or country as it gives a detailed account of present economic status and future plans. However, Harish Rao’s speech lacked vision and direction. It was no more than a regular political speech delivered in praise of CM KCR,” he said.

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    #Illusionary #directionless #Telangana #Congress #budget #speech

    ( With inputs from www.siasat.com )