B’luru gave identity to millions, not for constant criticism: DCM responds to Kiran Mazumdar Shaw
Bengaluru: Expressing strong displeasure over the poor condition of roads and garbage issues in Bengaluru, Biocon Chairperson Kiran Mazumdar-Shaw had questioned Chief Minister Siddaramaiah, Deputy Chief Minister D.K. Shivakumar, and IT-BT Minister Priyank Kharge on X, seeking accountability for the city’s civic state.
In her post, Shaw mentioned that a Chinese investor who recently visited Biocon’s Bengaluru unit had asked her why the city has so many potholes and why garbage is seen everywhere. “He said India is a promising destination for investments but wondered why the country is not taking full advantage of this opportunity,” Shaw wrote.
Reacting to this, Deputy Chief Minister D.K. Shivakumar said, “Bengaluru has given identity, success, and opportunities to lakhs of people. It is not fair to constantly criticize the city.”
Acknowledging the existing civic issues, Shivakumar added, “Yes, Bengaluru faces challenges, and we are addressing them on priority. The pothole and garbage issues will soon be resolved. The BBMP East Zone alone has Rs 1,673 crore available, and the fund will be used to comprehensively develop the IT-BT corridors.”
Appealing for cooperation, he said, “Instead of criticizing Bengaluru, let’s all work together. The world looks at India through Bengaluru.”
In response, Kiran Mazumdar-Shaw posted again on X, saying, “I agree with your statement. We must all make a collective effort guided by two principles, quality and speed.”
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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.
