Global cues, caution over RBI's policy review subdue equity indices
Mumbai, June 5: Broadly negative Asian markets, along with caution ahead of Reserve Bank's monetary policy review subdued the key Indian equity indices during the morning trade session on Tuesday.
According to market observers, heavy selling pressure was witnessed in the capital goods, consumer durables and automobile stocks.
Around 9.30 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,609.25 points -- down by 19.25 points or 0.18 per cent -- from its previous close.
The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,029.45 points, traded at 34,963.99 points -- lower by 47.90 points or 0.14 per cent -- from its previous session's close of 35,011.89 points.
Sensex has so far touched a high of 35,073.12 points and a low of 34,930.56 points during the intra-day trade.
On Monday -- the previous trade session -- both the indices closed in the negative territory as caution prevailed over RBI's second monetary policy review.
Consequently, the NSE Nifty50 closed at 10,628.50 points -- lower by 67.70 points or 0.63 per -- from the previous close.
Similarly, the barometer S&P BSE Sensex settled in the red. It had at 35,503.24 points, closed at 35,011.89 points, 215.37 points or 0.61 per cent lower from the previous session's close at 35,227.26 points.
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Karnataka open to making Tulu second additional official language: Minister
Bengaluru (PTI): Minister Shivraj Tangadagi on Wednesday told the Legislative Assembly that the Karnataka government is in favour of declaring Tulu as the state’s second additional official language.
He said the government is studying the measures adopted by West Bengal and Andhra Pradesh, both of which have additional official languages.
The minister was responding to a question by Puttur Congress MLA Ashok Kumar Rai during Question Hour.
Tulu is predominantly spoken in the coastal districts of Udupi and Dakshina Kannada, and legislators across party lines from these regions, including Speaker U T Khader, have been demanding that the government declare it as the state’s second additional official language.
At present, Kannada is the state’s only official language, while English is also used for official purposes as an additional language.
"I am continuously following it up. We have written to West Bengal and sent a committee of officials to Andhra Pradesh, where Urdu was recently declared the second official language. The committee has gathered information and returned, but is yet to submit its report," Tangadagi said.
He added that once the report is submitted, a meeting involving the Speaker, district in-charge ministers, and legislators from Tulu-speaking districts will be convened with Chief Minister Siddaramaiah. "I want to assure you that we are in favour of this," he said.
Earlier, noting that several states have two or three additional official languages, Rai demanded that Tulu be declared an official language at the earliest, stating that it would not impose any financial burden on the government.
"Tulu has a history of 3,000 years, has its own script, and is included in Google Translate. The language is being researched in Germany and France, and universities have allowed examinations in Tulu," Rai said, adding that this was a unanimous demand of 13 legislators from Tulu-speaking Dakshina Kannada and Udupi districts, with no opposition.
Saying it had been a long-standing demand, Rai added that a Cabinet meeting was likely to be held in Mangaluru in the coming days and urged that a decision be announced there.
BJP MLA Vedavyas Kamath also demanded early action to declare Tulu an official language. He even spoke in Tulu in the House with Speaker U T Khader, who hails from a Tulu-dominant region and speaks the language fluently.
Kamath said a committee headed by educationist Mohan Alva, constituted by the previous BJP government to examine the issue, had studied the matter in detail and compiled all relevant information.
