National Politics

Border row: Karnataka confident of presenting its case, says CM Bommai

CM Bommai

New Delhi: Karnataka Chief Minister Basavaraj Bommai on Tuesday said that his government is confident of effectively presenting its case in the Supreme Court on Wednesday on the border dispute between Maharashtra and Karnataka.
“The border dispute between Maharashtra and Karnataka is coming up for hearing on November 30 and senior advocate Mukul Rohtagi will effectively present the case on behalf of Karnataka,” CM Bommai said. Bommai was speaking to reporters in Delhi on Tuesday and said that Rohtagi has been a senior advocate and he has been briefed about the border row between the two states by the State Advocate General Prabhulinga Navadagi.
“I have also given an explanation from my side on the history of legal fights over this issue. Preparations are in place to present the case in Supreme Court tomorrow (Wednesday). There will be an enquiry on the maintainability of the petition filed by the State of Maharashtra,” he said.
“The former Chief Justice, Justice Deepak Mishra had raised the issue of the maintainability of the petition and we will oppose that petition. Now, the Maharashtra leaders are showing how serious they are on this issue,” he said.

Also Read: “Will Contest And Get Villages Legally”: Fadnavis Over Maharashtra-Karnataka Border Dispute

CM Bommai that there are certain rules for the inclusion of villages of some states into another state. “On time sought by villagers of 42 villages in Jath taluka of Maharashtra seeking the merger of their villages into Karnataka,” he said while adding that this problem is not new as they have been issuing such statements for the last so many years due to non-availability of proper basic infrastructure.
“However, since the matter is pending before the Supreme Court, it will be discussed in an all-party meeting and take legal opinion before arriving at any final conclusion,” he said.
Bommai, while commenting on the statement given by Karnataka Leader of Opposition Siddaramaiah on the Maharashtra-Karnataka border dispute, said the resolution to supply water was brought by the previous Congress government and asked why did they not include those villages in Karnataka. “I am in a responsible position, and I have to take decisions as per law and the Constitution,” he said.
Bommai also commented on the writing of protest messages on Karnataka state-run buses in Maharashtra and said the state top officials have already spoken to the Home Department of Maharashtra, and the situation is under control.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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Gautam Adani Richest Man In Asia: Forbes

Aleesha Sam

New Jersey: Indian businessman Gautam Adani the founder of Adani groups has a net worth of $90.1 billion making him the richest man in Asia and the 10th richest person in the world. According to the report given by The Forbes’ Real Time Billionaire calculations on Thursday. He is narrowly edging out Indian billionaire Mukesh Ambani the head of Reliance Industries, worth just $100 million less at $90 billion, Forbes estimates. Earlier Ambani was the richest Asian billionaire.

Its a striking rise for Adani Adani, age 59, a college dropout who started a commodity export firm in 1988. Back in 2008, he appeared on Forbes’ list of the World’s Billionaires worth $9.3 billion. His Adani Group includes a mix of businesses ranging from power generation and transmission to edible oil to real estate and coal. The group has six listed companies in India, the most valuable of which is Adani Green Energy Ltd, whose shares have soared by 77% in the past year.

Adani’s net worth has nearly doubled from $50.5 billion in April 2021 when Forbes released its annual World’s Billionaires list. During the same period, Ambani’s net worth grew by just 6.5% from $84.5 billion last April. Shares of Reliance Industries, which has oil, petrochemicals, retail and telecom businesses, fell 1.47% on Thursday and are down 2.3% so far in 2022.

However, it is important to note that Bloomberg Billionaires Index still shows Mukesh Ambani ahead of Gautam Adani, by a slight difference. As per the daily billionaire’s list compiled by Bloomberg, Ambani’s net worth stands at $89.2 billion while Adani’s net worth is at $87.4 billion.

Forbes’ Real-Time Billionaires rankings tracks the daily ups and downs of the world’s richest people. The wealth-tracking platform provides ongoing updates on the net worth and ranking of each individual confirmed by Forbes to be a billionaire. The value of individuals’ public holdings are updated every 5 minutes when respective stock markets are open (there will be a 15-minute delay for stock prices).

Meanwhile, in one of the biggest losses recorded, Meta (formerly Facebook) founder Mark Zuckerberg lost $29 billion in net worth on Thursday after Facebook’s parent company’s stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon’s blockbuster earnings.

Meta’s stock fell 26 per cent, erasing more than $200 billion in the biggest ever single-day market value wipeout for a US company. That pulled down founder and Chief Executive Officer Zuckerberg’s net worth to $85 billion, according to Forbes.

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