Coastal Karnataka needs able leadership now
The JD(S) and Congress coalition government has come into existence. H D Kumaraswamy, a very down to earth person and an excellent politician has taken oath to the office of CM. During his last term as Chief Minister, Kumaraswamy had introduced the concept of ‘village stay’ and had tried his best to eliminate the distance between the common person and the rulers. Though it was criticized by some, Kumaraswamy became a familiar face in rural Karnataka. It was too early in 2008, and he didn’t have the experience to build on that and manage his image thereafter. The coalition with BJP had complicated the matters for him. Yet, he had tried to deliver his best. This time around, his coalition is with a secular party – Congress – which has extended its support to him being the CM.
He is experienced too, this time around and has firm support and guidance of his father senior politician former Prime Minister Devegowda. Hence, the expectations from his government are high this time. Farmers’ distress and communal clashes are the most important challenges that the coalition government would be facing this term.
BJP had faced a humiliating defeat in 2013 assembly elections in Coastal Karnataka. BJP leaders had brought it upon themselves. But the lotus has bloomed again in undivided coastal Karnataka and BJP has won the seats. The party never sought elections in the name of development or progress. It went to the voters with ‘hindutva’ card. Sangh Parivar did all it can, to start communal clashes and seek votes in coastal Karnataka. Naturally BJP reaped the benefit of that in elections. Though the Sangh parivar tried to create similar clashes in other parts of the state, and the government couldn’t contain these efforts. As a result, Congress paid a heavy price in the elections.
Now that the BJP is deeply disappointed at not having been able to form the government, it will do everything it can, to destabilize the current government. It may spread anarchy starting from coastal Karnataka in order to create troubles for the government. Now that the Sangh Parivar is well established through politics too in this area, things would get easier too. Without any standing in the past, Sangh Parivar could wield the power. Now with powerful positions to its men, things become even easier than before.
Hence, it is imperative that the government elects a strong statesman as district incharge for coastal Karnataka. Except for Mangalore constituency, there is not a single Cong JD(S) MLA in the area. The government should not select someone weak for district incharge minister coming under some pressure or as a return to some favours. The inexperienced would only indirectly hand over the area to those experienced miscreants who can play their games taking advantage of the situation.
CM Kumaraswamy must identify a strong experienced leader who can take care of this area really well, with their political acumen and enable people to live here with peace. Congress has many such leaders, they must be put to service. This step is highly necessary in order to run the government without any troubles brewing here for the next five years.
The undivided coastal Karnataka, especially Mangalore, is the core of development and business. People would want to invest in Mangalore because the area holds a large potential. All the schemes and plans that were started last time, are waiting to get to the next level and works are in progress. Thousands of crores are being invested here. Miscreants can raze all this to dust with their evil plans. An able minister can steer the area towards development with his focus. The Ettina Hole project is mired in controversy and the unrest among people is palpable. Development and peace are what coastal area needs now and to enable this, an able leader is required in this area. This area needs to be calm to enable development works to go further. Our CM needs to understand this requirement and appoint a good able leader for this area.
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Rupee hits all-time low for second time in a week
Mumbai (PTI): The rupee depreciated 31 paise to settle at 91.99 against the US dollar on Wednesday, touching the lowest closing level for the second time in less than a week, amid increased month-end demand for the greenback.
Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. However, increased month-end demand for the American currency as well as the ongoing geopolitical tensions dented investors' sentiments.
At the interbank foreign exchange, the rupee opened at 91.60 and touched an early high of 91.50, but pared all the gains to touch an intra-day low of 91.99 against the greenback.
The domestic unit settled 31 paise down, revisiting its lowest-ever closing level of 91.99 against the greenback. The Indian currency previously ended at this level on January 23 when it also hit its all-time intraday low of 92 against the US dollar.
On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 against the US dollar.
Analysts said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe bolstered investor sentiment.
India and the European Union on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA), under which a number of domestic sectors such as apparel, chemicals and footwear will get duty-free entry into the 27-nation bloc, while the EU will get access to the Indian market at concessional duty for cars and wines, an official said.
The deal has been dubbed the "mother of all deals" as it will create a market of about 2 billion people.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent lower at 96.14.
Brent crude, the global oil benchmark, was trading 0.43 per cent lower at USD 67.28 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 487.20 points to settle at 82,344.68, while Nifty surged 167.35 points to 25,342.75.
Foreign Institutional Investors turned net buyers and purchased equities worth Rs 480.26 crore on Wednesday, according to exchange data.
