K’taka cabinet approves cricket matches at M. Chinnaswamy stadium: Reports
Belagavi: The state cabinet under the Chairmanship of Chief Minister Siddaramaiah has reportedly given its nod to permit cricket matches at the M. Chinnaswamy Stadium in Bengaluru, subject to certain conditions.
The decision is learnt to have been taken after a meeting held at the Suvarna Vidhana Soudha here on Thursday.
Reports indicate that Home Minister Dr G. Parameshwara has been directed to formulate rules along with a referendum to hold a cricket match at the Chinnaswamy Stadium.
The cabinet’s approval comes subject to conditions, considering the report of Justice D’Cunha, which was prepared after the stampede.
The June 4 stampede during the celebrations for RCB’s maiden IPL title killed 11 people, which raised serious questions over the stadium's capability to host large-scale events.
Will RCB be playing at their home ground next year?
Stating that the “state had learned from the tragedy,” Karnataka Deputy Chief Minister DK Shivakumar on Monday, December 08, dismissed the talks about shifting Royal Challengers Bengaluru’s home games out of the city.
He also said that the Chinnaswamy Stadium is the “pride of Bengaluru and Karnataka” and vowed that IPL fixtures will continue to be played there.
On Wednesday, Shivakumar met the newly elected KSCA president Venkatesh Prasad at the Circuit House in Belagavi and reiterated that cricket matches, including IPL fixtures, will not be shifted out of Bengaluru.
“We have no intention of stopping matches at Chinnaswamy Stadium, but crowd control measures and the Michael D. Cunha committee’s recommendations will be implemented in phases,” he told reporters.
Shivakumar said the government is committed to promoting cricket and supporting fans while safeguarding the state’s reputation, adding that Prasad had sought the government’s cooperation and agreed to work jointly on the issue.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
