Karnataka: BEd aspirants duped by middleman in admission scam
Bengaluru: Hundreds of BEd aspirants, many of whom are currently working as teachers in private schools across Karnataka, have alleged they were duped by a middleman who promised them admission to a BEd course.
The victims recently staged a protest in front of Vishnu Vocational Studies in Bengaluru’s Chamarajpet, demanding a refund from the institute’s chairman, Ravi Batlahalli, as reported by Deccan Herald on Thursday.
According to the candidates, Batlahalli had assured them of securing BEd seats at a college named GKM. However, they were left in the dark when Bangalore University (BU) began conducting exams for the course, and there was no intimation for them.
“Each of us has paid Rs 35,000 for the course. First, he said we would be allotted management quota seats. But now we have found out that we have been cheated, as the exams were going on,” DH quoted one of the candidates as saying.
An FIR has been registered by the students at the Chamarajpet police station against Batlahalli and another individual identified as Kamal Nadig.
In response to the growing number of such fraudulent cases, Bangalore University has recently mandated biometric attendance for both students and staff as a measure to curb fake admissions.
“Despite repeated warnings, students continue to fall into the traps of agents,” DH quoted senior varsity official as saying. “They must realise that no college affiliated to the university will offer admission without regular attendance. We will verify the matter if we receive an official complaint from students,” the official added.
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Rupee dips after India-US trade rally; falls 22 paise to 90.54/USD
Mumbai (PTI): The rupee depreciated 22 paise to 90.54 against the US dollar in early trade on Wednesday, following a sharp rally after India and the US agreed to a trade deal on suspected dollar buying by corporates and importers.
Forex traders said despite the positive sentiment post the India-US trade deal, caution still remains as there is no signed or officially released trade agreement yet — no framework text or final documentation.
At the interbank foreign exchange market, the rupee opened at 90.35 against the US dollar, then lost ground and fell to 90.54, registering a loss of 22 paise over its previous close.
On Tuesday, the Indian rupee emerged as the best-performing Asian currency, registering a record gain of 117 paise or 1.28 per cent in a single trading session to settle at 90.32 against the US dollar, after India and the US agreed to a trade deal.
"After Tuesday's good news the rupee was back to its own self of weakening as RBI bought dollars towards the end to take the dollar up to 90.2650," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
Forex traders said investors are trading with caution as the India-US trade deal still awaits formalisation.
"Any sustained turnaround in FII flows will depend on greater clarity around the final structure and commitments within the deal," CR Forex Advisors MD – Amit Pabari said.
President Trump stated that India will end purchases of Russian crude over an undefined timeline, while increasing imports of US energy, including oil and coal, and potentially Venezuelan crude with US approval.
"Moving away from discounted Russian oil could prove challenging for India, given its long-standing commercial and strategic ties with Moscow, and may have implications for India’s energy costs and external balance," Pabari added.
According to Pabari, the 89.80–90.00 zone should act as strong support. "Ultimately, the directional cue for the rupee will hinge on confirmation of the final trade agreement and its specifics. That clarity will determine whether this move extends — or pauses for consolidation," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.02 per cent lower at 97.41.
Brent crude, the global oil benchmark, was trading higher by 0.65 per cent at USD 67.77 per barrel in futures trade.
On the domestic equity market front, Sensex advanced 68.49 points to 83,816.96 in early trade, while the Nifty was up 51.90 points to 25,779.45.
Foreign Institutional Investors purchased equities worth Rs 5,236.28 crore on Tuesday, according to exchange data.
