Congress releases 10-point manifesto for coastal region in Karnataka
Mangaluru (PTI): The Congress has released a 10-point manifesto for the coastal region ahead of the Assembly elections in Karnataka which focuses on creation of jobs, attracting investments, development of tourism and creating harmony in society.
The charter was announced by Opposition Leader in the Legislative Council B K Hariprasad at the Prajadhwani Yatra event held at Karavali Utsava ground here on Sunday night.
Hariprasad said a Karavali Development Authority with a budget of Rs 2,500 crore will be constituted for the development of the region.
Assembly elections in Karnataka are scheduled by May this year.
Former chief minister Siddaramaiah, who spoke at the function, said the Congress will not only make promises but it also knows how to deliver them with adequate release of funds.
He alleged that the BJP only tries to hypnotise people with lies and they are keen on dividing people based on religion and caste. The state government is steeped in corruption and that is why contractors named it as a 40 per cent commission government, he charged.
KPCC president D K Shivakumar said the BJP could not fulfil the promises made in the last elections. The Congress aims to bring a change in governance and are confident that the party will attain majority in the coming elections, he added.
AICC general secretary Randeep Sujrewala, who also spoke, alleged that BJP has turned the coastal belt into a factory of communalism and it is time to give an apt answer to their false deeds.
"When we speak about price rise, the BJP speaks about Hindus and Muslims. We try to connect people but they disconnect people," Surjewala said.
Manifesto committee president G Parameshwara expressed confidence that the Congress will come back to power in the state. The party brought a separate poll manifesto for the coastal region to bring about change, he said.
Senior leader and former Union Minister Janardhan Poojary, former MLAs Mohiyuddin Bava, Ramanath Rai, Abhayachandra jain, Vinay Kumar Sorake and several Congress leaders from the twin coastal districts were present at the event.
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Gold scales new peak of Rs 1.4 lakh/10g in Delhi markets as global prices hit records
New Delhi (PTI): Gold prices stayed in ascending order for the second straight day, climbing Rs 2,650 to a fresh peak of Rs 1,40,850 per 10 grams in the national capital on Tuesday, tracking robust trends in the global markets, according to the All India Sarafa Association.
The precious metal of 99.9 per cent purity closed at Rs 1,38,200 per 10 grams on Monday.
So far this year, gold prices in the domestic market have jumped by Rs 61,900, or 78.40 per cent, from Rs 78,950 per 10 grams recorded on December 31, 2024.
Silver also rallied for the second consecutive day, surging Rs 2,750 to touch a record of Rs 2,17,250 per kilogram (inclusive of all taxes). In the previous session, the white metal settled at Rs 2,14,500 per kg after registering a sharp rise of Rs 10,400 per kg.
"An unprecedented rally continues in bullion, with spot gold nearing another milestone at the USD 4,500 mark.
"The latest round of rallies is driven by expectations that the Federal Reserve will deliver more than one rate cut in 2026, alongside rising geopolitical tensions that are strengthening the safe-haven appeal of gold and silver," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
During the calendar year, silver prices have added Rs 1,27,550, or 142.2 per cent, from Rs 89,700 per kilogram recorded on December 31, 2024.
On Tuesday, spot gold increased by USD 54.3, or 1.22 per cent, to hit a record of USD 4,498 per ounce in the international markets.
"Gold has extended its sharp rally to almost USD 4,500 per ounce on geopolitical jitters and weaker dollar as markets expect the Federal Reserve to cut rates more than two times next year," Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said.
During the calendar year, spot gold prices have surged by USD 1,892.23, or 72.62 per cent, from USD 2,605.77 per ounce, recorded on December 31, 2024.
Meanwhile, spot silver rose 1.4 per cent to breach the USD 70-per-ounce mark for the first time in the overseas trade. So far this year, silver prices have soared by USD 41.03, or 141.62 per cent, from USD 28.97 per ounce, recorded on December 31, 2024.
"Investors will now turn their attention towards the second estimate of third-quarter US GDP data, which is due later in the day and might provide clues into the health of the US economy and the future course of Federal Reserve's monetary policy outlook," Renisha Chainani, Head - Research at Augmont, said.
