Bill on internal reservation for SCs likely to be placed before next cabinet: K'taka Minister Patil
Bengaluru (PTI): The Karnataka government will introduce a law to “effectively implement” internal reservation among Scheduled Castes (SCs), and a Bill for this purpose is likely to be placed before the cabinet at its next meeting, state Law and Parliamentary Affairs Minister H K Patil said on Thursday.
The state government has already decided on the formula for the internal split, dividing 17 per cent reservation allocated to 101 scheduled castes into three distinct groups, with allocations of 6, 6, and 5 per cent respectively.
"Regarding internal reservation, yesterday, after the discussion involving the Chief Minister Siddaramaiah, Ministers H C Mahadevappa, K H Muniyappa and I, along with Law and Social Welfare department secretaries regarding bringing a Bill, the Chief Minister had said if the Bill has to be introduced, discuss and bring it before the cabinet. But we could not hold a meeting to discuss the Bill ahead of the cabinet today, so the subject was postponed," Patil said.
Speaking to reporters here, he said, "In a couple of days, we will hold a meeting and we have decided to try to place the bill before the next cabinet."
The Minister clarified that there won't be any further restructuring of reservation among SCs, and the Bill will be prepared on the basis of the decision the government has taken.
As per the internal reservation formula evolved by the state government, the SC (Right) and SC (Left) will get 6 per cent each, while communities like Lambani, Bhovi, Korma and Korcha, and most backward/ nomadic communities get 5 per cent reservation.
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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.
