J-K Assembly proceedings adjourned for the day amid uproar over resolution on special status
Srinagar (PTI): Jammu and Kashmir Assembly proceedings were adjourned for the day on Wednesday amidst uproar after the House passed a resolution seeking a dialogue between the Centre and elected representatives for restoration of special status of the erstwhile state.
Speaker Abdul Rahim Rather adjourned the House till Thursday as ruckus continued in the assembly over the resolution.
After the House passed the resolution through voice vote, the assembly witnessed noisy scenes as the BJP members stormed its well to protest the resolution.
The Speaker had first adjourned the proceedings for 15 minutes.
However, as soon as the House met again, the BJP members continued with their protest and raised slogans against the Speaker.
BJP MLA and Leader of the Opposition, Sunil Sharma, said, "We have reports that you (Speaker) called a meeting of ministers yesterday and drafted the resolution yourself".
However, Rather told the protesting BJP members to take their seats, saying "enough is enough".
Amidst the din, the Speaker then adjourned the proceedings again for an hour.
Even as the House met again at 12:20 pm, the ruckus continued, with the BJP members raising slogans "Go back Go back, Speaker go back", and "take back illegal resolution".
The Speaker repeatedly asked the BJP MLAs to take their seats, saying, "this does not behove you".
The NC members also took to their feet and both the sides hurled barbs at each other.
"If you don't have confidence in me, bring a no confidence motion," the Speaker dared the BJP members, and adjourned the House till Thursday.
Earlier, amidst an uproar, the assembly passed the resolution through voice vote, prompting protests by BJP members.
J-K Deputy Chief Minister Surinder Choudhary moved the resolution for restoring the special status of J-K, which was revoked by the Centre on August 5, 2019.
"That This Legislative Assembly reaffirms the importance of the special status and constitutional guarantees, which safeguarded the identity, culture, and rights of the people of Jammu and Kashmir, and expresses concern over their unilateral removal," the resolution moved by Choudhary said.
It said this Assembly calls upon the Government of India to initiate dialogue with elected representatives of people of Jammu and Kashmir for restoration of special status, constitutional guarantees and to workout constitutional mechanisms for restoring these provisions.
"This Assembly emphasises that any process for restoration must safeguard both national unity and the legitimate aspirations of the people of Jammu and Kashmir.," the resolution added.
However, the BJP members, opposed the resolution, saying it was not part of the listed business.
"We reject the resolution. The Business given to us was that the discussion is on the Lieutenant governor's address," Sharma said.
The members of the PDP, Peoples' Conference and CPI(M) also supported the resolution during the voice vote.
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Rupee falls 28 paise to 94.77 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 28 paise to 94.77 against the US dollar in early trade on Thursday as market sentiment took a dramatic turn after reports emerged that the US and Iran are discussing a 14-point Memorandum of Understanding (MOU) aimed at reducing tensions and reopening negotiations.
Forex traders said Brent oil prices, which had fallen to USD 98 on the US-Iran peace deal, edged slightly higher to USD 101 per barrel after investors weighed the prospects for a Middle East peace deal.
Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties further dented investor sentiment.
At the interbank foreign exchange market, the rupee opened at 94.77 against the US dollar, registering a fall of 28 paise over its previous close.
On Wednesday, the rupee appreciated 69 paise to close at 94.49 against the US dollar.
"Markets are currently focused on the critical 48-hour window during which the US expects Tehran’s formal response through Pakistani mediators," said CR Forex Advisors MD Amit Pabari.
US President Donald Trump on Wednesday threatened Iran with more bombing if it doesn't reopen the Strait of Hormuz, amid a report that the warring sides were nearing an agreement to end the war.
US media outlet Axios reported, quoting US officials and two other sources, that the US and Iran were getting close to a one-page memorandum of understanding to end the war and set a framework for more detailed nuclear negotiations.
The US expects Iranian responses on several key points over the next 48 hours, Axios reported, adding that nothing has been agreed yet. This was the closest the parties had been to an agreement since the war began.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.01, down 0.01 per cent.
Brent crude, the global oil benchmark, was trading higher by 0.65 per cent at USD 101.83 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex declined 160.24 points to 77,798.28 in early trade, while the Nifty was down 30.25 points to 24,300.70.
Foreign Institutional Investors offloaded equities worth Rs 5,834.90 crore on Wednesday, according to exchange data.
On the domestic macroeconomic front, the country's goods and services exports rose 4.6 per cent to an all-time high of USD 863.11 billion during 2025-26, up from USD 825.26 billion in 2024-25, despite global economic uncertainties, according to revised commerce ministry data.
Merchandise exports grew 0.93 per cent to USD 441.78 billion in the last fiscal year from USD 437.70 billion in 2024-25, the data showed.
