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Kerala will investigate examination irregularities, including KAS recruitment, to protect PSC credibility. The government also formed a committee to assess Adani's port stake transfer request.
Kerala's political controversy over a US$1.5 billion shipping investment stems from ideological unease with private capital rather than factual concerns, as the state retains control and benefits from increased project valuation.
CPM state secretary M V Govindan alleged attempts to privatise Vizhinjam port, claiming any share transfer over 25% needs Kerala government approval, and accused Adani of violating the agreement by approaching SEBI without consent.
Adani's proposed 49% sale of Vizhinjam Port to MSC faces Kerala government and opposition scrutiny over transparency, monopoly concerns, and national security, requiring state approval.
Adani Ports' Vizhinjam port stake sale to MSC Group's terminal arm requires all approvals, including Kerala government consent, and is proceeding under SEBI regulations.
Kerala government approval is required for significant ownership changes in Adani Vizhinjam Port, as per the 2015 agreement, to prevent monopolistic practices.
Kerala's government is displeased with Adani Ports' decision for MSC to acquire a 49% stake in Vizhinjam Port, stating it occurred without state consultation and requires their approval per agreement.
Adani Ports aims for a 20-year concession extension by completing Vizhinjam Port by December 2028, a move facilitated by MSC investment and a supplementary agreement resolving prior delays.
A woman, Vigneshwari, was found dead in her Vizhinjam marital home, prompting a police investigation following her brother's complaint, with her family alleging marital discord.
Three missing fishermen have been safely found after a large-scale search operation and are expected to reach the Vizhinjam coast on Tuesday afternoon.
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