MUDA 'scam': CM Siddaramaiah claims conspiracy as he belongs to backward class
Mysuru (Karnataka), Jul 11: Karnataka Chief Minister Siddaramaiah on Thursday alleged that he was unnecessarily being targeted in the case of alleged fraudulent allotment of sites to land losers by Mysuru Urban Development Authority (MUDA), which involves plots given to his wife Parvathi.
Claiming that a conspiracy is being hatched against him out of heartburn as he belongs to a backward class community and has become the chief minister for a second time, he asserted that he won't fear such conspiracies.
The chief minister was reacting to BJP state president B Y Vijayendra announcing a "mega" protest in Mysuru -- Siddaramaiah's home district -- on July 12 in connection with the alleged "scam".
"Haven't we given it (MUDA scam) for a probe.....BJP is doing things for politics, we will have to do politics if they do politics. Let them do it (protest) under anyone's leadership, let them do it under J P Nadda (BJP national president) leadership. If they do it, we will also do it politically. Can only they do politics? We also know how to counter it politically," Siddaramaiah told reporters here.
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To a question about the BJP trying to target him over sites allotted to his wife, the CM said, "They have to say where it is illegal. We are saying that things are legal. Let them show that it is illegal."
"Unnecessarily (I'm being targeted) for the sake of politics. They are doing it for the sake of politics as they couldn't find anything against me. As Siddaramaiah, who is from the backward class, has become the chief minister for the second time, people are having heartburn, so conspiracy is being hatched. Will I fear for such conspiracies?" he asked.
It is alleged that compensatory sites were allotted to Siddaramaiah's wife in an upmarket area in Mysuru, which had higher property value as compared to the location of her land which had been "acquired" by the MUDA.
The MUDA had allotted plots to Parvathi under a 50:50 ratio scheme in lieu of 3.16 acres of her land, where MUDA developed a residential layout.
The controversial scheme envisages allotting 50 per cent of developed land to the land loser in lieu of undeveloped land acquired for forming layouts.
Stating that he will ensure there is "cleanup" in MUDA, which has been "rotten" for some time now, even during the BJP rule, the chief minister in response to a question said, inquiry will be done regarding alleged irregularities that have happened there.
"My family's case is not a scandal, our case is different from others. In our case, our land was illegally taken over and used by MUDA for making a layout," he said.
Noting that in 2014, the MUDA, despite the 3.16 acres of his wife's land not belonging to it, made sites on it and allocated them to people, Siddaramaiah said, "what should we do? Should we keep quiet? Alternate sites were sought by us, but we did not seek them in any specific locality -- Vijayanagara."
Noting that the BJP was in power when alternate sites were allocated, the CM said, "who should be responsible? It is they who gave alternate sites in the locality (Vijayanagara). We did not ask for it (in Vijayanagara). We only asked for alternate sites to be given to us in lieu of our land that was taken over by MUDA."
"If MUDA committed the wrong when BJP was in power, how can Siddaramaiah be responsible for it?" he questioned.
As per the land acquisition act, his family is entitled to compensation from MUDA for taking over the land, Siddaramaiah said. "MUDA will have to pay Rs 62 crore (as compensation). Let them take back the alternate sites allotted. We had not asked for it in Vijayanagar...it was done while BJP was in power," he said.
To a question about activist T J Abraham filing a complaint with the Election Commission against him alleging that he had failed to disclose his wife Parvathi's ownership of 3 acres and 16 guntas land in his election affidavit, Siddaramaiah said, "If the Election Commission gives notice, I will respond to it. Will give whatever answer has to be given in accordance with law."
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Trump announces plan to cap credit card interest rates at 10% for one year
Washington: US President Donald Trump on Friday announced plans to cap credit card interest rates at 10% for a period of one year, saying the move is aimed at easing affordability concerns for American consumers, The Times of India reported.
In a post on his Truth Social platform, Trump said credit card companies would no longer be allowed to charge interest rates of 20% to 30% or higher. He also criticised the previous Joe Biden administration for not checking high interest rates in recent years.
"Please be informed that we will no longer let the American public be “ripped off” by Credit Card Companies that are charging Interest Rates of 20 to 30%, and even more, which festered unimpeded during the Sleepy Joe Biden Administration. AFFORDABILITY!"
According to Trump, the proposed cap would come into effect from January 20, 2026, and remain in place for one year. The date marks the first anniversary of his return to the White House as US president.
"Effective January 20, 2026, I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%," he said. He further wrote, "coincidentally, the January 20th date will coincide with the one-year anniversary of the historic and very successful Trump Administration."
The announcement comes as the Trump administration pushes measures aimed at easing financial pressure on American consumers. Earlier, the US government said it would purchase nearly $200 billion worth of mortgage-backed securities, a move officials said was intended to help bring down mortgage rates amid ongoing housing affordability concerns.
