25 MLAs of MVA were ready to boycott Budget session: Union Minister Raosaheb Danve
Jalna, Mar 18: Union Minister of State Raosaheb Danve on Friday claimed that at least 25 disgruntled MLAs of the ruling Maha Vikas Aghadi (MVA) coalition in Maharashtra were ready to boycott the ongoing Budget session of the state legislature.
Several MVA MLAs were also in touch with the BJP and many will join it once elections draw near, he told reporters here.
"As many as 25 legislators of the MVA were ready to boycott the Budget session. But somehow they were dissuaded by offering some help (by MVA leaders)....Let elections come, they will join BJP one by one," the BJP leader said.
The MVA, a coalition of the Sena, Nationalist Congress Party and Congress, was formed after the Sena parted ways with the BJP following the 2019 Assembly elections.
Danve also hit out at the Sena, alleging that it had deviated from its Hindutva ideology.
The party got votes in 2019 polls due to prime minister Narendra Modi, but afterwards it stabbed the BJP in the back, he said.
"Today's Shiv Sena is not the Sena of Balasaheb Thackeray, it is a Sena of Uddhav Thackeray and Abdul Sattar (a state minister)," the Union minister said.
He was present during seat-sharing talks at `Matoshree', the Thackeray family residence, between BJP leaders Amit Shah, Devendra Fadnavis, Ashish Shelar and Sena chief Uddhav Thackeray before 2019 polls, Danve said.
There was no discussion about chief minister's post then, he added, refuting the Sena's claim that the two allies had agreed to rotate the post. Asked about Sena MP Sanjay Raut's statement about the Union government `misusing' central agencies such as CBI and Enforcement Directorate to harass MVA leaders, Danve denied the allegation.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee hits record low of 96.14/USD, settles at fresh closing low of 95.86/USD
Mumbai (PTI): The Indian rupee crashed below the 96/USD mark on Friday before closing at an all-time low of 95.86 (provisional) against the US dollar as elevated crude oil prices and inflation concerns added to the downside pressure on the rupee.
Rupee has registered over 6 per cent losses so far this year, and in the past six trading sessions, it has depreciated nearly 2 per cent as Iran war risk escalation pushed crude oil prices higher. The dollar index moved northwards after strong US retail sales and stable labour market data reduced expectations of aggressive Federal Reserve rate cuts.
Forex traders said global uncertainties, relatively high valuations, and the lack of AI-led investment opportunities have weighed on capital flows.
Moreover, weak net FDI inflows are likely to exert pressure on the balance of payments, while rising crude oil prices stoke inflation worries.
At the interbank foreign exchange, the rupee opened at 95.86, then slumped to a record low of 96.14 in intraday trade, registering a fall of 50 paise from its previous close.
The USD/INR pair finally settled at 95.86 (provisional) against the US dollar, registering a fall of 22 paise from its previous close, helped by likely RBI intervention.
On Thursday, the rupee weakened to a fresh record low of 95.96 before closing with a marginal gain of 2 paise at 95.64 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 99.15, higher by 0.34 per cent.
Brent crude, the global oil benchmark, was trading up 3.14 per cent at USD 109.04 per barrel in futures trade.
On the domestic equity market front, Sensex fell 160.73 points to settle at 75,237.99, while Nifty declined 46.10 points to 23,643.50.
Foreign Institutional Investors turned net buyers, purchasing equities worth Rs 187.46 crore on Thursday, according to exchange data.
Meanwhile, the country's exports in April rose by 13.78 per cent to USD 43.56 billion despite global challenges, Commerce Secretary Rajesh Agrawal said on Friday.
Imports grew 10 per cent year-on-year to USD 71.94 billion in April. The trade deficit during the month stood at USD 28.38 billion.
"We expect the rupee to trade with a negative bias on elevated crude oil prices and inflation concerns. Strong dollar and FII outflows may also weigh on the rupee. However, any intervention by the RBI and hiking of import duty on gold and silver may support the rupee at lower levels. USD-INR spot price is expected to trade in a range of 95.60 to 96.20," said Anuj Choudhary, Research analyst at Mirae Asset ShareKhan.
Chinese President Xi Jinping and his US counterpart Donald Trump on Friday hailed their talks as "historic" and "landmark", as the American leader wrapped up his three-day visit on a high note, but no deals on any contentious issues were announced.
Both Presidents, who held several rounds of talks covering a range of global issues, including the Iran war and bilateral trade frictions, concluded their discussions with a private meeting at Zhongnanhai, the well-guarded compound in Beijing where top leaders reside.
