Rupee fall due to black money leaving country: Subramanian Swamy
PANAJI: BJP Member of Parliament Subramanian Swamy Sunday claimed that the value of the rupee was falling in comparison to the United States dollar because black money was "leaving" India.
Swamy was delivering a lecture titled "Indian Cultural Heritage and Its Importance" in Margao Sunday morning.
Stating that the fall in the value of the rupee had nothing to do with the US, Swamy said, "It has got to do with the fact that a large amount of black money is now leaving the country."
"When there is an over-supply of the rupee to the dollar, value is bound to go down," Swamy explained.
The rupee is the worst performing emerging market currency having lost almost 14 per cent since January this year. Between April and September the rupee has plummeted more than 7 to the dollar and has breached the psychological 73 mark last week.
The BJP leader, himself an economist, further claimed that the US dollar would continue to rule the global economy as long as that country remained the most developed nation in the world.
"The day it (USA) ceases to be most developed (nation), some other currency will take its place. But at the moment, there is no challenge to the dollar," he commented. Speaking on the topic of the lecture, Swamy said that mythological king Ravana was born near Delhi and not In ancient Lanka as is widely believed.
"He was born in a village called Bisrakh near Delhi," Swamy claimed. The MP told the gathering that Ravana, armed with a boon from Lord Shiva for a penance at Mansarovar, proceeded to defeat Kuber to become "Lanka Naresh" there.
Courtesy: timesofindia
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Himanta resigns as Assam CM, paving way for formation of new govt
Guwahati (PTI): Assam Chief Minister Himanta Biswa Sarma on Wednesday resigned along with his cabinet colleagues, paving the way for formation of a new government led by the BJP, officials said.
The BJP-led NDA bagged 102 seats in the 126-member assembly. The assembly elections were held in a single phase on April 9, and counting of votes took place on May 4.
"Following the formal notification of the results of #AssamElections2026 and to enable the formation of the new government, Dr @himantabiswa tendered his resignation as Chief Minister along with that of the council of Ministers to Hon'ble Governor Shri @Laxmanacharya54 today at Lok Bhawan," the Chief Minister's Office said in a post on X.
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The Governor has accepted the resignation, and requested Sarma to continue as the caretaker CM till the new government assumes office, it said.
Later, speaking to reporters outside the Lok Bhawan, Sarma said the oath-taking ceremony is likely to take place after May 11.
“As it was a historic win, we have invited Prime Minister Narendra Modi to grace the occasion," he said.
The new Assam chief minister will be selected at a meeting of the BJP legislature party in presence of central observers, Sarma said.
