Minister Dinesh Gundu Rao announces Rs 5 Lakh compensation for rain related deaths in coastal K'taka
Mangaluru (Karnataka) May 31 (PTI): Dakshina Kannada district in-charge Minister Dinesh Gundu Rao on Saturday announced a compensation of Rs 5 lakh each to the families of those who were killed in rain-related incidents in the coastal region over the past week.
Addressing a press conference here after visiting rain affected places, the minister said that seven people had lost their lives due to landslides, house collapses, and accidents in rough seas amid continuous heavy rainfall.
The coastal district has witnessed widespread disruption in the past week, with overflowing rivers, inundated homes, fallen trees, and damage to infrastructure. Several families were evacuated from low-lying areas after floodwaters entered their homes.
On the issue of communal tensions in the district, Rao said, "I am here as a representative of the Karnataka government. We do not discriminate between communities. Our only objective is to prevent the escalation of any communal issues in Dakshina Kannada."
Rao was visibly disturbed when a Muslim leader pointed out that the communal disharmony was a result of hate speeches and he wanted the minister to arrest those who deliver hate speeches. Rao replied to him sternly to allow him to address the press conference, but the leader did not relent and argued loudly with the minister, this is when the minister asked the security to take that leader out of the hall.
He said the police and district administration has been instructed to strictly monitor the situation and maintain peace.
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Rupee declines 27 paise to 90.95 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 27 paise to 90.95 against the US dollar in early trade on Friday, weighed down by a strong American currency and higher crude oil prices due to the escalated geopolitical tension.
A selling rush in domestic equities further pressured the Indian currency, forex traders said.
At the interbank foreign exchange, the rupee opened at 90.94 and slipped further to trade at 90.95 against the greenback in early deals, losing 27 paise from its previous closing level.
The rupee rose 4 paise to settle at 90.68 against the US dollar on Wednesday. The currency exchange markets were closed on Thursday on account of Chatrapati Shivaji Maharaj Jayanti.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 97.89.
Brent crude, the global oil benchmark, was trading 0.14 per cent higher at USD 71.77 per barrel in futures trade.
Analysts attributed the strengthening dollar and crude prices to heightened tension between the US and Iran, with both countries signalling they are prepared for war if talks on Tehran's nuclear programme fizzle out.
On the domestic equity market front, Sensex fell 150.35 points to 82,347.79 in early trade while the Nifty declined 35.15 points to 25,419.20.
On Thursday, foreign institutional investors offloaded equities worth Rs 880.49 crore, according to exchange data.
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