Rahul Gandhi says Rupee not breaking, is broken
New Delhi, Oct 4 : As the Rupee hit a record low of Rs 73.77 against the US dollar, Congress President Rahul Gandhi Thursday said the Indian currency is not breaking, but is "broken".
The rupee collapsed to a fresh low of 73.77 against the US dollar Thursday, as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows.
"Breaking: Rupee slips to 73.77. It's not breaking - it's Broken," Gandhi said on Twitter.
Gandhi Wednesday hit out at Prime Minister Narendra Modi questioning his silence over the falling value of the Indian Rupee.
He tweeted in Hindi that fuel and gas prices are on the boil and there is an outcry in the public and asked till when the prime minister will be on silent mode.
"The rupee has crossed the 73 mark and price rise is causing an outcry. Fuel and gas prices are on fire and markets are scurrying. Till when will the 56-inch chest be on 'silent mode'," he tweeted and asked what happened to the promise of 'achche din'.
Consistent dollar demand from importers, mainly oil refiners, following higher crude oil prices, have kept the rupee under pressure.
State-owned oil marketing companies have been allowed to raise USD 10 billion from overseas market to meet their working capital needs.
At the interbank foreign exchange, the rupee opened lower and slipped further to a fresh low of 73.77 a dollar against 73.34, a fall of 43 paise.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
BJP likely to appoint new chief by April-end as state-level polls wrap up: Report
New Delhi: The Bharatiya Janata Party (BJP) is expected to elect its new national president by the end of April.
Senior BJP leaders, including Union Home Minister Amit Shah and current party president J.P. Nadda, have been holding extensive meetings to finalise the appointment of new state unit chiefs in crucial regions such as Uttar Pradesh, Gujarat, Madhya Pradesh, Karnataka, and Odisha, India Today reported on Thursday.
So far, the saffron party has appointed 14 state presidents, but under the party’s constitution, elections must be completed in at least 19 states before the national presidential election can be conducted. These elections are necessary, as the party rules do not allow for the national president to be appointed by nomination alone.
Citing sources within the party, India Today reported that the names of the remaining state presidents are expected to be finalised shortly. Once this process concludes, the BJP’s national election officer is likely to conduct a press conference to announce the formal schedule for electing the party’s next national president.
Meanwhile, the delay in naming a new national president has drawn criticism from opposition parties. Samajwadi Party president Akhilesh Yadav recently took a jibe at the BJP in the Lok Sabha, questioning the ruling party’s prolonged process of electing its national president. “The BJP claims to be the largest party in the country, but it still hasn’t decided on its leader,” Yadav remarked.
_vb_32.jpeg)