By not welcoming Modi, KCR has insulted not individual but institution: Union minister Smriti Irani
Hyderabad, Jul 2: Telangana Chief Minister K Chandrashekar Rao not welcoming Narendra Modi on his arrival in Hyderabad is an insult not to the individual but to the institution of prime minister, the BJP said on Saturday.
Addressing a press conference at the BJP national executive meeting here, Union minister Smriti Irani said it is a usual practice and part of the protocol that a chief minister welcomes the prime minister on arrival in his or her state.
By not welcoming Modi, "KCR has insulted not the individual but the institution," she said.
"The prime minister has given a clarion call for cooperative federalism and in the last eight years met all leaders and deferred to them with respect as is validated by 'maryada'. That KCR has disrupted what has been a constitutionally federal protocol reflects on him," she said.
Rao is commonly called KCR.
On a question about KCR's son and state minister KT Rama Rao's swipe at the BJP meet, Irani said that "political clownage" could be the process of his TRS.
"Politics may be a circus for them and the political clownage could be the process of his (KTR) party. But for the workers of BJP, it is for social emancipation and nation building. And for our workers hosting and participating in national executive is matter of national pride," she said.
She also hit back at KTR's statement that what Telangana does today India does tomorrow, and said Telangana is doing dynastic politics.
"What Telangana doing today is dynastic politics and India will never do it tomorrow. This model India will not accept," she said.
Poking fun at the delegates who descended here to attend the BJP meet, KT Rama Rao has asked them to enjoy world famous Hyderabadi Dum Biryani and Irani tea during their stay in the city.
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Silver slides Rs 4,275 to Rs 2.75 lakh/kg
New Delhi (PTI): Silver price declined by Rs 4,275 to Rs 2.75 lakh per kilogram in the national capital on Wednesday, while gold gained Rs 900 to Rs 1.65 lakh per 10 grams amid geopolitical tensions in West Asia.
According to the All India Sarafa Association, the white metal plunged by Rs 4,275, or 1.53 per cent, to Rs 2,75,000 per kilogram (inclusive of all taxes) from Tuesday's closing level of Rs 2,79,275 per kg.
However, gold moved higher, with 99.9 per cent purity increasing by Rs 900, or 0.54 per cent, to Rs 1,65,600 per 10 grams (inclusive of all taxes). The yellow metal had settled at Rs 1,64,700 per 10 grams in the previous market session.
Analysts said renewed safe-haven demand amid intensifying geopolitical tensions supported gold prices, even as silver came under pressure.
"Gold traded with a positive bias on Wednesday supported by renewed safe-haven demand amid escalating tensions in the Iran conflict and heightened geopolitical uncertainty," Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
He added that the ongoing escalation will continue to act as a tailwind for traditional safe-haven assets like gold.
However, bullion was trading lower in the overseas trade. Spot gold was marginally down at USD 5,189.05 per ounce, and silver slipped USD 1.59, or 1.8 per cent, to USD 86.69 per ounce.
"Gold prices remained under pressure on Wednesday, easing despite elevated geopolitical tensions, as broader macroeconomic factors continued to outweigh safe-haven demand," Kaveri More, Commodity Analyst at Choice Broking, said.
She noted that rising market uncertainty, reflected in an uptick in the CBOE Volatility Index, has encouraged investors to maintain higher cash positions rather than aggressively accumulate bullion.
"A global equity sell-off triggered by surging oil prices and persistent Middle East tensions has added volatility across asset classes but failed to provide sustained support to gold," More said.
