| Wednesday, Jul 27, 2011 |  |
| | | LOKAYUKTA INDICTS K'TAKA CM IN ILLEGAL MINING
Karnataka Lokayukta Justice Santosh Hegde on Wednesday came down heavily on the state government and Chief Minister BS Yeddyurappa in the illegal mining case. "We have explained the irregularities in mining. Illegal mining is rampant in Bellary, Chitradurga and Tumkur. We have probed all aspects of illegal mining. We had seized a huge quantity of iron ore at a port near Karwar in 2010, (but) it went missing," said Hegde. He also accused the state government of not taking any action to stop illegal mining. "We have pointed out illegal mining can be controlled but unfortunately no action has been taken. We had to examine over 4 lakh records and 50 lakh entries to produce this report which comes to 25,288 pages. The illegalities done have been described in 31 chapters. We have come to the conclusion that the loss caused is Rs 16,085 crore from 2006 to 2010," he said. The Yeddyurappa family has also been accused of taking bribes from mining companies. SEE VIDEO BELOW read more | | | | | | | | AT A GLANCE | | BSE | 18432.25 | -85.97 | | NSE | 5546.8 | -28.05 | | TURNOVER Rs. 204,077 cr | | BSE CASH Rs. 2,721 cr | | NSE CASH Rs. 11,597 cr | | NSE F&O Rs. 189,758 cr | | | | BULLION | | GOLD | 23226 | +89 | | SILVER | 60520 | +420 | | | | CRUDE | | NYMEX | 102.25 | -0.08 | | BRENT | 117.82 | -0.46 | | | | FOREX | | $ / Re | 44.08 | -0.09 | | £ / Re | 72.128 | -0.22 | | € / Re | 63.585 | -0.28 | | | | EVENTS |
| | 28 July |  | SEBI Meet On Achuthan Takeover Code Report | | SEBI Board Meet To Take Up NSDL Issue | |
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| | 1 August | | Monsoon Session Of Parliament Begins | | FM To Meet Corporate Honchos To Discuss Ways To Rejuvenate The Economy | |
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| | 3 August | | Bombay High Court To Adjourn Jet-Sahara Case Hearing | |
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| | 5 August | | Bank Employees To Go On Nationwide Strike | |
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| | 6 August | | Finance Minister Pranab Mukherjee To Meet SBI Board | |
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| | 8 August | | Coal India Workers Union To Go On Strike To Protest Delay In Wage Revision | |
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| | EXPERT VIEWS |
| | "Subbarao(RBI Guv) finalised the decision taken in the meeting of Dec 4, 2007 that the policy stood approved and the entry fees (of Rs 1,659 cr fixed in 2001 during NDA's regime) need not be revised. Even the FM (then P Chidambaram) was also present in the (Dec 4, 2007) meeting. If Subbarao, who was part of the Finance Ministry, did commit no wrong, how come I did it?"
Siddharth Behura
Former Telecom Secretary "We have pointed out illegal mining can be controlled but unfortunately no action has been taken. We had to examine over 4 lakh records and 50 lakh entries to produce this report which comes to 25,288 pages...We have come to the conclusion that the loss caused is Rs 16,085 crore from 2006 to 2010."
Justice Santosh Hegde
Karnataka Lokayukta "Central leadership has not asked me to step down. Only (HD) Deve Gowda, (HD) Kumaraswamy (JDS leaders) and Siddaramaiah (Congress leader) and you people (media) are asking. I am working for the development of the state 'day and night'."
BS Yeddyurappa
Chief Minister, Karnataka |
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