Congress fields K C Kondaiah for Karnataka Council Deputy Chairman post, to "expose" JD(S)
Bengaluru, Jan 28: The Congress in Karnataka on Thursday decided to field senior party leader K C Kondaiah as its candidate for the post of Deputy Chairman in the state's Legislative Council to "expose" the JD(S) which has decided to back the ruling BJP nominee.
The BJP has fielded M K Pranesh as its candidate and is confident of winning the Deputy Chairman election scheduled for Friday, with support from the JD(S).
According to top Congress sources, the party has decided to field Kondaiah despite slim chances of his winning, with an intention to "expose" the JD(S).
"We will field our candidate for the Deputy Chairman election, we are confident about getting conscience votes. JD(S) goes to town claiming they're secularists, whose true colour is what will get exposed in this election," Congress Legislature Party (CLP) Leader Siddaramaiah said.
Siddaramaiah has been repeatedly targeting the regional party questioning its secular credentials citing Congress leader Rahul Gandhi terming it as 'B team' of the BJP, during 2018 assembly polls.
According to party sources at the CLP meeting held earlier today, KPCC President D K Shivakumar was not in favour of fielding a candidate for the Deputy Chairman's post.
However, Siddaramaiah is said to have insisted.
The post of the Deputy Chairman has fallen vacant following JD(S)' S L Dharme Gowda's death allegedly by suicide last month.
The BJP and JD(S) on Wednesday had decided to join hands for the post of Karnataka Legislative Council Chairman and Deputy Chairman.
As per the arrangement, the BJP will support the JD (S) for the Chairman post, while the regional party will return the favour by ceding the Deputy Chairman post.
Election for the post of Council Chairman is also expected to take place during the ongoing session, as there are indications that incumbent K Pratapachandra Shetty, who is from the Congress, may resign soon, as the ruling BJP has moved a no-confidence motion against him and the JD(S) will be supporting it.
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Insolvency law main factor in improving health of country's banking sector: FM in Lok Sabha
New Delhi (PTI): Finance and Corporate Affairs Minister Nirmala Sitharaman on Monday said in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a main and very crucial factor in improving the health of the country's banking sector, including recovery of non-performing assets.
Piloting a bill for further amending the IBC in the Lok Sabha, the minister stressed that companies have been doing well and their corporate governance practices have also improved after coming out of the insolvency resolution process.
She made the remarks while replying to the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, as reported by the Select Committee.
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The Bill has proposed 12 amendments to the IBC, which came into force in 2016.
The IBC has been a main and very crucial factor in improving the health of the country's banking sector, Sitharaman said, adding that more than half of the NPAs (Non-Performing Assets) have been recovered by the banks through the resolution process.
On August 12, 2025, the government introduced the Bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code (IBC), proposing a raft of changes, including provisions to reduce the time taken for admission of insolvency resolution applications.
The Bill was referred to a select committee of the Lok Sabha, which submitted its report in December 2025.
IBC has been amended seven times so far.
