700 more Eklavya Model Residential schools by 2022: Jual Oram
Jamshedpur, Oct 30: Union minister Jual Oram on Tuesday said the government is planning to start 700 more Eklavya Model Residential school (EMRS) across the country by 2022.
EMRS is a central scheme of model residential schools for tribals (Scheduled Tribes) across the country which was launched in 2000.
Tribal Affairs Minister Oram, who was in the steel city to participate in the two-day national-level EMRS music competition organized by the East Singhbhum district administration at Tata Auditorium here, said the purpose was to bridge the competence gap between the tribal youths and others in all fields including higher studies and competitive examinations.
Addressing the gathering as chief guest on the occasion, Oram said currently there are 182 Eklavya schools operating in the country and the government has plans to start 700 more by 2022.
The schools would be opened in blocks where tribal population was over 20,000, he said adding that 80 per cent of blocks in Jharkhand would come under the scheme.
Lauding the performance of EMRS, the minister said the students were doing well and secured first and second ranks so far as Union Public Service Commission or State Public Service Commissions competitive examination were concerned.
The students are, however, lagging behind in confidence in the competitive exams, he said.
"We have to inculcate confidence among them that they are the national achievers in any field whether it was sports or education and can improve their performances," he said.
Oram said the government has provided pilot training to tribal youths under the scheme and have been coaching them for professional competitions.
Appreciating the Jharkhand government's efforts in organising the inaugural edition of the national level EMRS music competition successfully, the minister assured that the event will be organized every year.
Altogether, 12 states including Rajasthan, Maharashtra, Andhra Pradesh, Telangana, Nagaland, Odisha, Gujarat, Madhya Pradesh and Jharkhand took part in the competition.
Later, speaking to reporters, Oram said the government would spend Rs 25,000 crore by 2022 to improve the standard of life of the tribal community.
Apart from Oram, Union Minister of State for Tribal affairs Sudarshan Bhagat, Jharkhand Tribal Welfare Minister Louis Marandi, Secretary (Tribal Affairs), Government of India, Vinod Tiwari and Secretary (Tribal Welfare) Himani Pande also spoke on the occasion.
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Stock market mayhem wipes out Rs 12.87 lakh cr from investors' wealth
New Delhi (PTI): Equity investors' wealth eroded by Rs 12.87 lakh crore on Thursday as stock markets went into a tailspin, with the benchmark Sensex plunging over 3 per cent, pressured by a spike in crude oil prices due to increasing attacks on energy infrastructure in West Asia.
Investors have lost over Rs 37 lakh crore since the West Asia crisis erupted on February 28.
Snapping its three-day winning run, the 30-share BSE Sensex tanked 2,496.89 points or 3.26 per cent - its biggest single-day plunge since June 2024 -- to settle at 74,207.24, a level not seen since April 7, 2025. During the day, it dived 2,753.18 points or 3.58 per cent to 73,950.95.
The market capitalisation of BSE-listed companies dived sharply by Rs 12,87,273.89 crore to Rs 4,26,13,557.95 crore (USD 4.61 trillion) in a single day.
"Indian equity markets witnessed a sharp reversal today, breaking their three-day recovery rally and closing significantly lower, with benchmark indices declining by nearly 3.3 per cent.
"The sell-off was largely driven by a fresh escalation in geopolitical tensions in the Middle East, where renewed strikes between Israel and Iran targeting critical oil and LNG infrastructure have reignited concerns over global energy supply disruptions," Ponmudi R, CEO of Enrich Money, an online trading and wealth tech firm, said.
Brent crude, the global oil benchmark, soared 6.21 per cent to USD 114 per barrel.
"The sharp rise in crude oil prices, driven by escalating tensions in the Middle East and concerns over supply disruptions, pushed prices closer to the USD 119 mark, adding to the negative sentiment. Furthermore, a hawkish stance from the US Federal Reserve, along with continued foreign institutional investor outflows, weighed heavily on market sentiment," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.
From the 30-Sensex firms, Eternal, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, Larsen & Toubro and InterGlobe Aviation were among the major laggards.
HDFC Bank dropped 5.13 per cent after its chairman, Atanu Chakraborty, resigned, citing ethical concerns.
BSE MidCap Select index tumbled 3.34 per cent and SmallCap Select index dropped 2.77 per cent.
All sectoral indices ended lower. Auto dived 4.07 per cent, followed by realty (3.79 per cent), financial services (3.66 per cent), consumer discretionary (3.62 per cent), BSE Top 10 Banks (3.53 per cent), industrials (3.49 per cent), services (3.44 per cent), BSE Focused IT (3.41 per cent) and consumer durables (3.38 per cent).
A total of 3,192 stocks declined, while 1,051 advanced and 161 remained unchanged on the BSE.
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