Tamil Nadu governor keeps dismissal order of minister Balaji in abeyance; to consult AG
Chennai (PTI): Tamil Nadu Governor R N Ravi has decided to keep the dismissal order of state minister V Senthil Balaji in abeyance for the time being and informed Chief Minister M K Stalin about it, sources said on Thursday.
In a late evening communication to the chief minister, the governor said he would consult the attorney general and seek his legal opinion about the move.
The order to dismiss Balaji from the Council of Ministers has been kept in abeyance by the governor until further communication, the sources said.
Earlier, the governor had dismissed Balaji from the Council of Ministers, days after his arrest by the Enforcement Directorate (ED) in an alleged cash-for-jobs scam.
Stalin had said the state government would challenge the governor's decision legally.
In an official release, the Raj Bhavan in Chennai had said, "There are reasonable apprehensions that the continuation of V Senthil Balaji in the Council of Ministers will adversely impact the due process of law, including fair investigation that may eventually lead to the breakdown of constitutional machinery in the state." Balaji "is facing serious criminal proceedings in a number of cases of corruption, including taking cash for jobs and money laundering. Abusing his position as a minister, he has been influencing the investigation and obstructing the due process of law and justice," the release added. PTI ACB SKL.
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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.
