Karnataka MLC polls for 25 seats from Local Authorities' Constituencies on Dec 10
Bengaluru(PTI): The biennial election to the Karnataka Legislative Council from 20 Local Authorities' Constituencies for 25 seats, due to retirement of sitting members, will be held on December 10, the Election Commission said on Tuesday.
The election is necessitated as the term of office of the 25 MLCs is going to end on January 5, 2022.
While the election notification will be issued on November 16, the last date for filing nomination papers is November 23, and scrutiny will take place on the next day.
Last date for withdrawal of candidature is November 26, and the counting of votes will take place on December 14.
The elections is being held for two seats each from the local authorities constituencies of Bijapur, Belgaum, Dharwad, Dakshina Kannada and Mysuru; and one each from Bidar, Gulbarga, Uttara Kannada, Raichur, Bellary, Chitradurga, Shivamogga, Chikmagalur, Hassan, Tumakuru, Mandya, Bangalore, Bangalore Rural, Kolar and Kodagu.
The Commission has said that COVID-19 guidelines issued, should be strictly followed during the entire election process.
It said, the Model Code of Conduct concerning the election will come into force with immediate effect in the concerned constituency.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
