Bangalore: Claiming that the Lokpal bill it introduced in Parliament was the "best", Government on Saturday said there is no justification for Team Anna's indefinite fast from July 25 unless there is a "political" motive. "Unless he (Anna Hazare) has political motive, he has absolutely no justification going for any more agitation," Corporate Affairs Minister M Veerappa Moily said. Moily, a former Union Law Minister, said: "Anna Hazare should realise...
12:20 AM, Jul 22, 2012
Nagpur: Senior Congress leader and Union Minister M Veerappa Moily on Friday said Rahul Gandhi was like a "magnet" for party workers and it was up to him to decide on a larger role for himself. Rahul, a general secretary, is like a "magnet who is attracting party workers and activists", he told reporters in Nagpur. According to Moily, Rahul is doing well in strengthening Youth Congress which has benefited...
05:31 PM, Jul 13, 2012
Mumbai: A day after the Bollywood's dirty belly, large-scale presence of black money, was exposed on CNN-IBN through a sting operation by the IBN Network and Cobrapost, the Central Board of Direct Taxes has taken cognizance of the operation. The transcripts and the CD of the sting have been forwarded to the investigation department in Mumbai for appropriate action. According to sources, the government is aware of rampant use of...
11:10 PM, Jul 11, 2012
After a Cobrapost-IBN Network sting showed prominent filmmakers discussing black money in Bollywood, Corporate Affairs Minister Veerappa Moily reiterated that the government was serious about curbing the menace of black money. ...
02:43 PM, Jul 11, 2012
New Delhi: Politicians cutting across party lines on Wednesday welcomed the Cobrapost-IBN Network expose on the use of black money in Bollywood saying one needed to look at the issue seriously. Congress leader and Corporate Affairs Minister Veerappa Moily said, "We are aware of the black money problem in film industry and some use this route... we need to stem it." He added, "I dont know what action I can...
12:32 PM, Jul 11, 2012
New Delhi: The NDA is not only stalling the economic reforms but also creating a "malicious" environment against the government, Corporate Affairs Minister Veerappa Moily said on Tuesday. "...main opposition political formation... is out to oppose all the reform initiatives and simultaneously create negative canards against the Government," Moily said in a statement here. Blaming the National Democratic Alliance for stalling reforms, he said, "DTC (Direct Tax Code) is with...
06:28 PM, Jul 10, 2012
Bangalore: BJP's decision to replace DV Sadananda Gowda as Chief Minister has sent out a "strong message" that the party's central leadership is backing "corruption and caste-based politics" in Karnataka, Union Minister and senior Congress leader Veerappa Moily on Sunday said. "The decision to change Gowda has sent out a strong meassage that the BJP central leadership supports corruption and caste-based politics in the state," he said. It is true...
01:29 AM, Jul 09, 2012
India is keen to follow in the footsteps of the United Kingdom as far as executive pay disclosure is concerned. Corporate affairs minister Veerappa Moily is examining a new policy to make disclosure of salaries paid to top company executives more transparent. Following a strong "say-on-pay" movement by corporate stakeholders, the UK recently mooted a proposal under which listed companies would disclose a single figure for salary paid to top...
03:51 PM, Jul 05, 2012
Coimbatore: The present 'crisis' in the ruling Bharatiya Janata Party (BJP) in Karnataka is the result of its "poaching" of rival party MLAs to form the government four years ago, Corporate Affairs Minister M Veerappa Moily alleged on Monday. The BJP did not have majority in the last assembly elections and it had to poach on MLAs from JD (S) and Congress to form the ministry, Moily told reporters in...
04:48 PM, Jul 02, 2012
Shimla: Corporate Affairs Minister M Veerappa Moily on Saturday said the new Companies Bill will be introduced in the Monsoon Session of Parliament. Addressing a press conference in Shimla on Saturday, Moily said the amendments in the Companies Act 1956 have been approved by the Standing Committee of Parliament. The amended Bill would be approved by the Cabinet and introduced in the Monsoon Session, he added. The Companies Bill, which...
09:32 PM, Jun 30, 2012
Mumbai: Allaying concerns that reforms have been put on the back-burner under pressure from some UPA allies, Corporate Affairs Minister Veerappa Moily on Friday said government is committed to allowing FDI in retail and expressed hope the pensions reforms bill would be cleared. "We are committed to FDI in retail," Moily said without giving a timeline. About the impasse over the Pension Bill, which the Cabinet deferred yesterday following opposition...
01:23 AM, Jun 09, 2012
Mumbai: Corporate Affairs Minister Veerappa Moily on Friday said he is hopeful about the New Companies Bill getting passed in the Monsoon Session. "Since the Standing Committee of Parliament has concluded its deliberations on the New Companies Bill, I expect it to submit it to the ministry soon and table it in the Monsoon Session," Moily told reporters in Mumbai on the sidelines of a function on Friday. Claiming that...
11:52 PM, Jun 01, 2012
New Delhi: The Government has finally reacted to the Reebok India fraud with Corporate Affairs Minister Veerappa Moily saying that something wrong has been found in the books of Reebok India. The minister has also said that the matter has now been referred to the Serious Fraud Investigation Office (SFIO) for further investigation. Reebok India has alleged a Rs 870 crore fraud by its former Managing Director Subhinder Singh Prem...
03:37 PM, May 29, 2012
On March 30, the Karnataka High Court had ordered for Shankar Bidari's sacking while comparing him to Hitler and Gaddafi in reference to his handling of tribals in the campaign against Veerappan. ...
02:43 PM, Apr 24, 2012
Bangalore: Muthulakshmi, widow of slain forest brigand Veerappan, on Friday alleged that while searching for her husband, Karnataka Police Housing Corporation Managing Director Shankar Mahadev Bidari, who was heading the Special Task Force (STF), and his team "raped women" and "administered electric shock on their private parts". Addressing a news conference in Bangalore, she termed Bidari an "inhuman person who doesn't care about women". Explaining the "atrocities" committed by Bidari...
12:34 PM, Apr 07, 2012
Bangalore: Bangalore Former Director General and Inspector General of Police of the state, Shankar Bidari, who was removed from the post on Saturday applied for a 15-day-long leave. He will take charge as the Chairman of Karnataka State Police Housing Corporation Ltd (KSPHC). Following the debacle in the legal battle for the top cop's job, Bidari was transferred to KSPHC. But Bidari, who is apparently upset over losing the police...
09:16 AM, Apr 02, 2012
New Delhi: In a major setback for one of Karnataka's most decorated police officers Shankar Bidari, the Karnataka High Court on Friday struck down his appointment as the state DGP. In a scathing verdict, the court described Bidari as 'worse than Saddam Hussain or Muammar Gaddafi' for alleged atrocities committed by the Special Task Force led by him during the hunt to nab smuggler Veerappan. Dismissing as "without merit and...
07:05 AM, Mar 31, 2012
Bangalore: India would have been able to avoid corporate frauds and scams in high places had it put in place regulatory mechanisms and certain policies, along with the introduction of liberalisation regime in 1991, Corporate Affairs Minister M Veerappa Moily has said. The then Finance Minister Manmohan Singh had to "pronounce" liberalisation polices in 1991 as it was "inevitable" and "compulsory" as New Delhi had to pledge gold with Bank...
01:05 PM, Feb 28, 2012
Mumbai: A day after he called for saving the ailing Kingfisher Airlines, Corporate Affairs Minister Veerappa Moily on Wednesday blamed bad governance and absence of professional management as the reasons for the perils of the carrier. When sought his views on the current affairs at Kingfisher, Moily, without naming the airline, said the problems were due to "bad governance practices", but as the corporate affairs minister, he wanted that company...
05:28 PM, Feb 22, 2012
Bangalore: The Government on Friday said an amnesty scheme for bringing back black money is not on the cards though it is working on regulatory mechanisms to eliminate its root cause in the face of "lots of legal impediments" to target those funds stashed abroad. Asked if there is a move for an amnesty scheme to bring back black money, Union Corporate Affairs Minister M Veerappa Moily said, "Whether the...
09:28 PM, Feb 10, 2012
