TN polls: DMK promises Rs 8,000 'Illatharasi' coupon scheme for women
Chennai (PTI): Tamil Nadu Chief Minister and DMK president M K Stalin on Sunday released his party's manifesto for the April 23 Assembly elections, and announced providing the "Illatharasi" coupon scheme worth Rs 8,000 for women to buy/replace household electronic goods.
He promised to implement a number of welfare measures in different sectors including education, industry and farming should the DMK return to power and described his party's set of poll promises as a "superstar.".
He said the coupon for women could be used to buy household appliances like TV, refrigerator, washing machine, mixie, microwave oven, induction stove or replace them.
"This new Illatharasi scheme will be implemented. Under this scheme, the women of families who don't come under the income tax bracket would be provided a one-time coupon worth Rs 8,000 to purchase these electronic goods from the shops in their places of residence," Stalin said.
'Illatharasi' in Tamil literally translates to the "queen of the house," and in effect refers to a women head of the family.
Announcing a slew of welfare measures targeting women, girl students, farmers and fishermen, he said "I have mentioned a few as a highlight."
"Usually in Tamil Nadu elections the DMK election manifesto is the hero, but now Dravidian model 2.O's poll manifesto is the superstar," Stalin, who is confident of winning over 200 seats out of 234 in the April 23 election, said.
Expanding the coverage for treatment under the CM Health Insurance scheme to Rs 10 lakh by increasing the annual income ceiling, hiking pension for elderly, widows and spinsters above 50 years to Rs 2,000 per month, doubling the monthly grant under the Kalaignar Magalir Urumai Thogai (monthly assistance) to Rs 2,000 and adding new eligible women under this scheme were some of the other promises the ruling party made.
Expanding the Chief Minister's Breakfast Scheme till Class 8, and providing free modern electric pump sets without any meters to more than 20 lakh farmers receiving free electricity were among the numerous announcements.
The DMK chief assured to enhance the procurement price of paddy to Rs 3,500 per quintal and the procurement price of sugarcane to Rs 4,500 per tonne.
About 10 lakh new concrete houses will be built under Kalaignarin Kanavu Illam housing scheme and various other housing schemes towards a hut-free Tamil Nadu by 2030.
Skill training will be imparted for five lakh youth who have completed higher education and they will also receive Rs 1,500 per month upon enrolment and completion of 6-month training under the Naan Mudhalvan scheme, he said.
The state will ensure foreign investment of Rs 18 lakh crore aiming to create 50 lakh jobs in five years. The monthly higher education grant of Rs 1,000 to students under Pudhumai Penn and Tamil Pudhalvan schemes will be increased to Rs 1,500. About 35 lakh free laptops will be provided to all college students.
Establishing four future-ready global cities around Coimbatore, Salem, Madurai, and Tiruchirappalli apart, about 50 Semmozhi Poonga's will be constructed across Tamil Nadu, he said.
In his address, Stalin exuded confidence that the DMK is " going to form government for seventh time."
"This confidence is not just of the party workers but all of TN people, because no state government has made so many achievements. So many record schemes have been delivered. We have achieved double digit growth," he said
The DMK started its tenure in 2021 with a 10-year vision plan.
Today, 1.31 crore women were receiving Rs 1000 monthly assistance, he said. The BJP tried to stop it citing election but we realised the conspiracy and gave it in advance in February," the DMK chief added.
The manifesto was prepared by a team headed by party deputy general secretary and Lok Sabha MP Kaniozhi and the team members included two state ministers. Stalin felicitated them on the occasion.
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Rupee falls 20 paise to 95.43 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region.
Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary.
Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India.
At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close.
Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday.
"With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying and oil prices rise due to the continuous fighting in the Gulf Region," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The higher oil prices will keep rupee sold off against the dollar as oil companies and FPIs intensify dollar buying, Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.51, up 0.15 per cent.
Brent crude, the global oil benchmark, was trading lower by 1.07 per cent at USD 113.22 per barrel in futures trade.
"Market sentiments remained fragile after renewed military exchanges between US and Iranian forces when Iranian forces launched fresh attacks in the Gulf as both sides sought to assert control over the strategic waterway," Bhansali said.
On the domestic equity market front, Sensex declined 361.62 points to 76,907.78 in early trade, while the Nifty dropped 134.90 points to 23,980.60.
Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday, according to exchange data.
