Karnataka HC directs govt to hold Bengaluru municipal elections at the earliest
Bengaluru: The Karnataka High Court on Friday ordered the State government to hold the Bruhat Bengaluru Mahanagara Palike elections at the earliest for 198 wards and publish the final notification of reservation of wards within a month.
The Division Bench of Chief Justice of the High Court Abhay Shreeniwas Oka and Justice S Vishwajith Shetty passed the order hearing public interest litigation filed by the former corporators M Shivaraju of Shankar Math Ward and Abdul Wajid and the Karnataka State Election Commission.
The bench directed the government to conduct the municipal elections in Bengaluru at the earliest.
"We direct the State Election Commission to hold election of BBMP as expeditiously as possible by publishing the election program within a maximum period of six weeks from the date on which final reservation notification is published," the bench said in its order.
It added further that the elections should be held for 198 wards as per the notification of delimitation of wards published on June 23, 2020.
The BBMP elections were supposed to take place before September 10 when the term of the elected body of the municipal corporation came to an end.
The government put the election on hold and appointed senior bureaucrat Gaurav Gupta as an administrator of the BBMP in order to increase the number of wards to 243.
The Karnataka government had even issued a notification on October 14 to increase the number of wards in BBMP.
The court directed the government to hold the elections to the 198 wards at the earliest in view of the fact that the delimitation commission which was recently constituted has not yet submitted its recommendations for dividing the area of the BBMP into 243 wards. The court noted that the delimitation process will take considerable time.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
India should create strategic buffers to navigate 'most difficult' energy shock: CEA Nageswaran
New Delhi (PTI): Chief Economic Advisor V Anantha Nageswaran on Saturday said India needs to create strategic buffers in the face of the "most difficult" energy shock that the country is facing amid the West Asia crisis.
Nageswaran also said the rising prices of fertiliser and petroleum products globally due to the crisis will make it challenging to achieve the 4.3 per cent fiscal deficit target for the current fiscal, while below normal monsoon and pass-through of higher energy prices could lead to "potential inflation spike".
He also said India has employment challenge emanating from AI, and there is a need to ensure that IT sector becomes more competitive and not lose jobs to AI, and instead create jobs that use AI within the IT sector or in other services.
Speaking at the ICPP Growth Conference organised by the Ashoka University, Nageswaran said the current account deficit (CAD) in the current fiscal could rise to over 2 per cent of GDP, from less than 1 per cent in FY'26.
"The ... priority for us is to create strategic buffers. This energy shock is the most difficult one compared to any other previous energy shock in terms of energy lost as a percentage of total global energy supply, not just oil, including gas.
"And we also need to use this occasion to think about other areas where we are vulnerable in terms of import dependence, nickel, tin, and copper. We need to build strategic buffers if we have to make a shot at manufacturing and becoming indispensable," Nageswaran said.
Since the beginning of the war in West Asia on February 28, crude oil prices soared to a four-year high of USD 126 per barrel on Thursday, from about USD 73 level before the war.
Stating that geopolitics will compel policymakers to be nimble and flexible and shed old model of thinking, Nageswaran said India is better prepared than many other countries to deal with the crisis because of the fiscal leeway that the country has due to lowering of fiscal deficit ratio to 4.4 per cent of GDP in FY'26.
Nageswaran said the West Asia conflict is more of a price shock than supply shock for India as the government is managing the supply side deftly.
"This particular conflict, which is going to be on a low simmer or a high flame situation, whatever it is, it is going to be there with us in some form or the other because the military conflict may be over, but the strategic conflict is well and truly alive. It will be so for some time," Nageswaran said.
He said the conflict has four channels of shock: price and supply shock, trade impact, sticky logistics costs and remittance shock.
India imports 60 per cent of its LPG usage and of that, 90 per cent flows through the now closed Strait of Hormuz.
Nageswaran said the pass-through of high global energy prices would have to be a "balancing act". He said some pass-through is already happening in commercial LPG, and the levy of export duty on diesel and ATF.
The government has cut excise duty on petrol and diesel to shield customers from the impact of the rise in petroleum prices. "We are coming around to arriving at a certain modus vivendi with respect to burden-sharing between the fiscal policy side, inflation, households and the oil marketing companies. So it has to be a balancing act," Nageswaran said.
