Karnataka Souharda Cooperative Amendment Bill defeated in Council
Bengaluru (PTI): The Karnataka Souharda Cooperative (Amendment) Bill, 2025, was defeated in the Legislative Council on Wednesday, with BJP and JD(S) members voting against it.
The bill received 23 votes in favour and 26 against. The absence of ruling party Members of Legislative Council (MLC) was responsible for the defeat of the bill.
The Karnataka Assembly had passed the bill on Aug 19 and was presented in the council, where it was voted down, much to the embarrassment of the ruling Congress.
Before the vote, Council Chairman Basavaraj Horatti presided over a debate where opposition members objected to several provisions.
Karnataka Law and Parliamentary Affairs Minister H K Patil responded to these objections and said all questions regarding the bill had been clarified.
He said the decision would affect the functioning of co-operative societies and urged members to consider the provisions on merit rather than taking a political view.
Opposition members said they were not opposed to the purpose of the bill but raised concerns about requirements for co-operative societies to keep 20 per cent of deposits in liquid form, classification of their assets as statutory liquid assets, prior approval from the registrar for investments in scheduled banks.
The opposition also opposed amendments to Section 18 of the existing Act relating to investments. They raised concerns about practical issues in filing annual declarations, and the provision for mandatory audits once in three years instead of five years.
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Real Madrid fines Valverde and Tchouaméni half a million euros each for altercation
Barcelona (AP): Real Madrid slapped players Federico Valverde and Aurélien Tchouaméni with half-a-million-euro ($588,000) fines on Friday for their altercation during practice.
The massive fines came a day after the midfielders tussled when the team trained. Valverde said in a post on social media on Thursday that no punches were thrown. But Valverde knocked his head on a table and he suffered a small cut that required a brief hospital visit.
On social media, Valverde initially called it a “meaningless fight” with a teammate and said “everything has been blown out of proportion."
His employers, however, considered it a significant enough breach of team discipline to nail both Valverde and Tchouaméni with fines that bite even the bank account of a top soccer player. The half-a-million euro penalties reflect the reputational damage the club was enduring in a chaotic end to a disappointing season.
In a statement, the 15-time European champion said its disciplinary action was concluded after both players expressed to the club “their complete remorse for what happened and apologized to one another.”
Madrid added they also apologized to their teammates, the coaching staff and club supporters, as well as showing their willingness to accept whatever disciplinary action the club deemed “opportune.”
Tchouaméni was back training with Madrid on Friday, two days before they play at Barcelona in a clasico. Madrid has to win otherwise Barcelona will be crowned La Liga champion.
After being notified of the fine, he posted a public apology to the club and its fans on social media.
“What happened this week in training is unacceptable,” Tchouaméni wrote. "I say this while thinking about the example we are expected to set for young people, whether in football or at school.
“Above all, I am sorry for the image we projected of the club.”
Valverde was not at practice due to the head knock.
Both players are set to play in the World Cup next month, with Tchouaméni playing for France and Valverde for Uruguay.
Chaotic end to a poor season
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The run-in between the players, who for seasons have played side by side in Madrid's midfield, came after they argued this week in previous training sessions. But tempers boiled over on Thursday. Spanish media was rife with reports that the players previously disagreed over the club's decision to let coach Xabi Alonso go after just months on the job.
It was not the only altercation involving Madrid players during training this week. Álvaro Carreras confirmed he was in a “minor” incident with a teammate. Spanish media said he and fellow defender Antonio Rüdiger got into a scuffle.
Álvaro Arbeloa, the coach who was promoted from Madrid's reserve team when Alonso was fired in January, will face tough questions on what went wrong inside the changing room when he gives a press conference on Saturday ahead of the clasico at Camp Nou.
Madrid is facing a second consecutive campaign without a major trophy amid rumors in the Spanish media that club president Florentino Pérez is considering bringing back Jose Mourinho to straighten out his underperforming team.
