PM Modi has taken 'bold decisions' to combat terrorism, says HD Deve Gowda
New Delhi, May 6 (PTI): Former prime minister HD Deve Gowda on Tuesday said Prime Minister Narendra Modi had taken "bold decisions" to combat terrorism following the April 22 Pahalgam attack and affirmed his and his party's support for all the decisions to end the menace.
"We need to teach the terrorists a lesson. This is the first time that a prime minister has taken such bold steps. No prime minister has given such supreme authority to the army," Deve Gowda said at a press conference.
The Janata Dal (Secular) leader noted Modi implemented several measures, including granting full operational freedom to the Indian Armed Forces to determine the mode, targets and timing of their response.
Founded by Deve Gowda, the Janata Dal (Secular) is a constituent of the BJP-led National Democratic Alliance. His son HD Kumaraswamy is a minister in the Union government.
Deve Gowda noted that the current situation could not be compared to the 1971 war between India and Pakistan, describing them as "different scenarios".
The former prime minister also welcomed the Centre's decision to enumerate caste in the upcoming general census while hitting out at the caste survey conducted in Karnataka.
"Karnataka is indulging in politics in the name of caste census. Even Chief Minister Siddaramaiah's Cabinet does not agree with the caste census conducted in the state," he said.
Deve Gowda said the Karnataka survey had identified 1,351 castes and sub-castes, with the Kurubas being among the prominent backward communities.
He also questioned Siddaramaiah's commitment to his AHINDA platform. "How many staff has he hired from backward communities or his own Kuruba community in his own office?"
The Karnataka caste survey report has recommended reclassifying the Kuruba community from category 2A to the more backward 1B category, reflecting its socio-economic status.
AHINDA represents a significant portion of Karnataka's population, including religious minorities (Muslims and Christians), Scheduled Castes, Scheduled Tribes and Other Backward Classes.
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Rupee falls 20 paise to 95.43 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region.
Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary.
Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India.
At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close.
Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday.
"With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying and oil prices rise due to the continuous fighting in the Gulf Region," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The higher oil prices will keep rupee sold off against the dollar as oil companies and FPIs intensify dollar buying, Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.51, up 0.15 per cent.
Brent crude, the global oil benchmark, was trading lower by 1.07 per cent at USD 113.22 per barrel in futures trade.
"Market sentiments remained fragile after renewed military exchanges between US and Iranian forces when Iranian forces launched fresh attacks in the Gulf as both sides sought to assert control over the strategic waterway," Bhansali said.
On the domestic equity market front, Sensex declined 361.62 points to 76,907.78 in early trade, while the Nifty dropped 134.90 points to 23,980.60.
Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday, according to exchange data.
