Country passing through toughest of times: Harsh Mander says in Mangaluru
Mangaluru: A district-level conference of migrant workers was held at Mahila Sabha Bhavan, Ambedkar Circle (Jyothi Circle), under the banner of the All India Central Council of Trade Unions (AICCTU), Dakshina Kannada District Committee.
The event, organised with the call to unite migrant workers and raise issues related to safety, dignity and justice, saw the participation of workers from different backgrounds. The poster of the programme carried the message: “Migrant Workers Are NOT Slaves, NOT Terrorists — They are Workers Who Came to Earn a Living!”
Addressing the gathering, social activist Harsh Mander said the country is passing through a difficult phase and alleged that unorganised workers are among those facing the most serious challenges.
He said that unorganised workers have been repeatedly affected by major policy decisions in recent years. Referring to demonetisation, he questioned its impact on workers who depend on daily earnings. He also spoke about the sudden announcement of the nationwide lockdown during COVID-19 with four hours’ notice, stating that a large number of people in the country live in single-room houses, making physical distancing difficult.
He pointed out that a majority of workers in India are part of the unorganised sector and depend on daily wages. According to him, when work was abruptly stopped during the lockdown, many workers were left without income or support.
Harsh Mander said he had approached the Supreme Court seeking directions that unorganised workers should receive wages during the lockdown period. He stated that the demand was not accepted and alleged that crores of workers were left without adequate assistance, forcing many to return to their native places under harsh conditions.
He further claimed that labour protections have weakened in recent years and said workers were given limited security under new legal changes.
Raising another concern, he said that in the past decade there has been an increasing trend of branding workers as “traitors” or “infiltrators”. He alleged that Muslim labourers in particular were being called “Bangladeshis” and “ghuspetis”. He argued that people migrate in search of livelihood and do not leave their homes without reason.
He said that the term “ghuspeti” suggests conspiracy against the country and added that such labels create fear among workers. Referring to statements made by political leaders, including Union Home Minister Amit Shah and some Chief Ministers from the BJP, he said such language contributes to suspicion and division.
Harsh Mander also spoke about incidents where, following terror attacks in Kashmir, Muslim labourers in other parts of the country faced fear and hostility. He urged workers not to see such issues as affecting only one community.
He said that a worker’s primary identity is that of an Indian and a labourer, irrespective of religion. Calling for unity among workers across communities, he said injustice against any worker must be opposed collectively.
He urged the gathering to build solidarity among labourers and concluded his speech with a call to uphold the Constitution.
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Rupee plunges 28 paise to settle at 93.44 against US dollar
Mumbai (PTI): The rupee declined 28 paise to close at 93.44 against the US dollar on Tuesday, weighed down by a steady American currency and volatile crude oil prices amid uncertainties over the progress of West Asia peace negotiations.
Positive domestic equity markets failed to boost local currency, which also had some impact of the Reserve Bank's latest move to ease curbs on speculative bets in non-deliverable forward markets, forex analysts said.
The Reserve Bank on Monday partially withdrew directives taken on April 1 to curb excessive speculation in the rupee. The banking regulator had capped the net open positions in non-deliverable forward markets at USD 100 million, mandating banks to comply by April 10.
Under revised directives, authorised dealers or banks can resume offering non-deliverable derivative contracts involving INR to resident or non-resident users, but must comply with certain restrictions on related-party transactions. Also, the USD 100-million cap in net open position is still effective.
At the interbank foreign exchange market, the rupee opened at 93.25 and fell to an intra-day low of 93.63 before ending the session 28 paise lower at 93.44 against the greenback.
On Monday, the rupee settled with a loss of 25 paise at 93.16 against the US dollar. The currency had gained 47 paise in the preceding two sessions.
Anuj Choudhary, Research Analyst at Mirae Asset ShareKhan, said the rupee fell on uncertainty over US-Iran talks and a surge in crude oil prices. A strong dollar also pressured the rupee; however, positive global markets cushioned the downside.
"Traders may take cues from retail sales and ADP employment change data from the US. USD-INR spot price is expected to trade in a range of Rs 93.30 to Rs 93.90," Choudhary said.
Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said the rupee traded weaker as recent RBI adjustments and partial rollback of earlier currency-support measures added pressure on the local unit.
"At the same time, the dollar remains steady while crude and gold are relatively stable, with markets closely watching the outcome of US-Iran ceasefire developments expected tomorrow. The rupee is likely to remain highly event-driven, with direction dependent on geopolitical clarity and RBI stance," Trivedi said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.19 per cent to 98.09.
Brent crude, the global oil benchmark, was trading 0.70 per cent down at USD 94.81 per barrel in futures trade.
Analysts attributed the volatility in crude prices to persistent worries over disruptions of supplies of oil from the Strait of Hormuz. Also, the ceasefire agreement between the United States and Iran is scheduled to expire on Wednesday.
In a latest development, Iran's chief negotiator on Tuesday said Tehran would not negotiate in the face of threats, while US President Donald Trump hinted that he was in no rush to end the conflict with Iran.
In the domestic equity markets the 30-share Sensex rose 753.03 points, or 0.96 per cent, to settle at 79,273.33, while the Nifty rose 211.75 points, or 0.87 per cent, to 24,576.60.
Foreign Institutional Investors offloaded equities worth about Rs 1,918.99 crore on Tuesday, according to the exchange data.
