Vice president, Punjab CM lay foundation stone for Kartarpur Sahib corridor
Gurdaspur, Nov 26 : Vice President M Venkaiah Naidu and Punjab Chief Minister Amarinder Singh Monday laid the foundation stone for the Kartarpur Sahib corridor, which will facilitate easy passage to Sikh pilgrims to the historic Gurdwara Darbar Sahib in Pakistan.
The decision to build the passage -- from Dera Baba Nanak in Gurdaspur district to the International Border -- was taken by the Union Cabinet on November 22.
Kartarpur is located in Shakargarh in Narowal district of Pakistan's Punjab. Guru Nanak Dev, the founder of Sikhism, had spent more than 18 years of his life there.
The Kartarpur Sahib Gurdwara is located on the banks of the Ravi river, about three-four km from the border in Pakistan. Earlier, speaking on the occasion, Union minister Nitin Gadkari said the corridor construction work will be completed within four months.
Union ministers Harsimrat Kaur Badal, Hardeep Singh Puri and Vijay Sampla were also present at the event.
The Punjab government had launched year-long celebrations to commemorate the 550th 'Parkash Purb' (birth anniversary) of Guru Nanak Dev on November 23.
Pakistan Prime Minister Imran Khan will inaugurate the ground-breaking ceremony of the Kartarpur Corridor on the Pakistani side on November 28.
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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.
