BJP leader Babul Supriyo to leave politics; to quit as MP
Kolkata, Jul 31: Former Union Minister and BJP leader Babul Supriyo said on Saturday that he has decided to quit politics and will be resigning as an MP.
He hinted the decision was partly due to losing the ministerial berth and also differences with the state BJP leadership.
Supriyo, who had held several portfolios as MOS in the Narendra Modi government since 2014, was removed earlier this month during a major cabinet reshuffle.
"Leaving, Alvida. Spoke to my parents, wife, friends, and after listening to the advice I am saying that I am leaving. Am not going to any other party - TMC, Congress, CPIM, nowhere. I am confirming that nobody has called me.
"I am going nowhere. I am a one-team player! Have always supported one team #MohunBagan - Have been with only one party - BJP West Bengal. That's it!! Leaving, Supriyo said in a Facebook post.
"I have stayed for too long I have helped somebody, have disappointed somebody, It is for the people to decide. To be involved in social work, you can do that without being involved in any politics," his post read.
The two-time MP from Asansol was among the several ministers who were dropped from the union cabinet on July 7 as part of a major rejig. His unsuccessfully contested assembly polls against Trinamool Congress's Aroop Biswas in the last assembly elections.
Both Supriyo and Debasree Chaudhuri were dropped as ministers. Four other MPs from West Bengal Nishit Pramanik, Santanu Thakur, Subhas Sarkar and John Barla were inducted as MOS in the ministry.
"If someone ask that whether leaving the politics is somehow connected to losing ministry. Yes then it is true to some extent.... Also had differences with the state leadership since the assembly poll campaign, he wrote.
State BJP president Dilip Ghosh declined to comment on it.
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Gold declines Rs 1,700 to Rs 1.35 lakh/10g; snaps 4-day record rally
New Delhi (PTI): Snapping the four-day record rally, gold prices declined by Rs 1,700 to Rs 1,35,900 per 10 grams in the national capital on Tuesday as investors booked profits amid weak global cues, according to the All India Sarafa Association.
The precious metal of 99.9 per cent purity had surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams on Monday. The metal rose by Rs 6,000 over the previous four days, trading at record highs.
"Gold prices witnessed profit booking and remained volatile, with the yellow metal slipping towards the USD 4,275 level in global markets and staying under pressure," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.
Echoing sentiments, Dilip Parmar, Research Analyst, HDFC Securities, said, "Domestic gold prices also softened, curtailing a four-day advance. These losses were, however, notably mitigated by the persistent weakness in the Indian Rupee which quoted at a record low level".
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In the local bullion markets, silver prices also depreciated by Rs 1,000 to Rs 1,98,500 per kilogram (inclusive of all taxes). The white metal had ended flat at Rs 1,99,500 per kg, also its all-time high level, as per the association.
Parmar added that physical jewellery demand is expected to be subdued commensurate with the onset of the inauspicious period, investment demand is forecast to remain robust, a tendency driven by prevailing risk-averse market sentiments.
In the international markets, spot gold snapped a five-day winning streak, declining by USD 27.80, or 0.65 per cent, to USD 4,277.42 per ounce.
"Gold prices experienced a modest decline, easing following five consecutive sessions of appreciation, as market participants strategically positioned themselves ahead of a critical suite of US economic data releases this week," Dilip Parmar said.
These incoming reports are poised to offer significant clarity regarding the Federal Reserve's predilection for implementing further interest-rate cuts, a key macroeconomic catalyst for the non-yielding asset, he added.
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Spot silver also dropped by USD 1.07, or 1.67 per cent, to USD 63.02 per ounce in the overseas markets.
Bullion prices are trading lower as caution prevails ahead of US nonfarm payroll (NFP) data to be released later in the day, which will show NFP figures of both October and November, Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said.
