LIVE: Karnataka CM-elect Basavaraj Bommai promises pro-people governance

News live updates: Centre says it can only be a facilitator between states in their border disputes, reacting after six Assam policemen were killed in clashes.

9:36 PM

Will take everyone along, says Karnataka CM-designate Bommai

Basavaraj Bommai, who was chosen as Karnataka's new Chief Minister at the legislature party meeting here on Tuesday, stated that he will take everyone along with him. "I will take everyone along with me in administration. It is going to be a pro-people government. Addressing the challenges of Covid and natural calamity will be my priority," he said. "The situation of finances in the state is not good. Will take steps to improve the situation," he said.

 

On the cabinet, he said that he will meet Governor Thaawarchand Ghelot on Tuesday night and later, discuss the matter with party leaders. Bommai, who is seen as close confidante of outgoing Chief Minister B.S. Yediyurappa, said: "Yediyurappa is going to be our leader always."

 

"I thank Prime Minister Narendra Modi, party chief J.P. Nadda and Home Minister Amit Shah for the opportunity. Yediyurappa has blessed me," he added. "Party legislators have elected me unanimously and I will live up to their expectations," he said.

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Latest News LIVE: I am confident Bommai will lead Karnataka on the path of development, says Yediyurappa

8:43 PM

Unanimous decision: Karnataka BJP leader K Sudhakar on Basavaraj Bommai as CM pick

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Latest News LIVE: Will give pro-people governance, says Karnataka CM-elect Basavaraj Bommai

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Why Yediyurappa quit as Karnataka CM on the day of his govt's second anniversary

BS Yediyurappa stepped down as chief minister of Karnataka on Monday, along with his entire council of ministers, but till late in the evening there was no word on who his successor would be.

 

Usually, when a chief minister changes, his council of ministers stays in place. That the party high command asked all ministers to step down as well indicated the Bharatiya Janata Party (BJP) wanted no collateral damage from Yediy­urappa’s ‘resignation’, and wanted to give his successor a chance to create his own team.

 

Although the 78-year-old Yediyurappa, who was in tears while resigning, was in no position to dictate terms, his supporters said all he wanted was honour and dignity as he stepped down. In political terms, he was conveying to the party that he did not want the party to appoint as his replacement, colleagues who had derided and diminished him and had played a part in ousting him. Read here

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A Karnataka BJP Legislative Party meeting was held earlier in Bengaluru, to decide on new Chief Minister

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LIVE: BJP picks Basavaraj Bommai to be the next CM of Karnataka

Basavaraj S Bommai to be the next CM of Karnataka, announces BJP observer for the state and Union Minister Dharmendra Pradhan

7:34 PM

Latest News LIVE: US state secy arrives in Delhi on a two-day visit

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Latest News: Karnataka ministers, MLAs meet to elect new chief minister

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Online lending platforms can't be allowed to charge exorbitant interest: HC

The Delhi High Court Tuesday said online lending platforms offering short-term personal loans through mobile apps cannot be allowed to charge exorbitant interest and processing fees and asked the Centre and RBI to look into the issue.

 

An expert body is required to look into the issue, the high court said, added that it expects that the Centre and RBI will come out with some solution by the next date of hearing, August 27.

 

Rate of interest should not be exorbitant. Just look at the difficulties. An expert body is required. If you people are so slow in taking action, we will do it with our order with the help of an expert committee, a bench of Chief Justice D N Patel and Justice Jyoti Singh said.

 

The bench further said, This much of exorbitant rate of interest and processing fees cannot be allowed. (PTI)