Karnataka CM Bommai indicates cabinet expansion would take some time
Bengaluru/Hubballi, Jul 29: Indicating that expansion of his cabinet may take some time, Karnataka Chief Minister Basavaraj Bommai on Thursday said he will discuss it with the party's central leadership and decide in the days to come.
"I'm going to Delhi tomorrow morning, there I will meet Prime Minister Narendra Modi, Home Minister Amit Shah, Defence Minister Rajnath Singh, BJP National President J P Nadda. This is my first visit (as CM), this will be to greet them and take their blessings," Bommai said.
Speaking to reporters on his arrival at Hubballi on his way to flood and rain-ravaged Uttara Kannada district, he said after this visit in two or three days he will seek the leadership's time to discuss the cabinet expansion and during that visit things may be finalised.
Meanwhile, Ministerial aspirants have already begun lobbying to secure a berth in the new cabinet.
Earlier in the day speaking to reporters in Bengaluru, in response to a question about pressure on him from Ministerial aspirants, he said, "it is common. Once someone becomes the CM and has to expand the cabinet, it is common." He also said that the Prime Minister spoke to him over phone on Wednesday and wished him all the best, as he also expressed hopes of good administration from him.
"When I go to Delhi to meet the party leadership, I will also try to meet our Members of Parliament and central Ministers from Karnataka on the pending projects and issues concerning the state," he added.
Bommai, who was elected as the new leader of the BJP legislature party on Tuesday, following B S Yediyurappa's resignation, took oath as the Chief Minister on Wednesday.
Stating that he has spoken to senior BJP leader and former Chief Minister Jagadish Shettar, who has decided not to be part of the new cabinet, Bommai said, he will talk to him personally and discuss it with the party leadership.
"I have told him (Shettar) that I will come and speak to him personally. We have close bonding as we have grown together. We were friends even before we came to politics, so I have good regard, love and affection towards him and he too has similar feelings for me. We had a good relationship even when we were in different parties," he said.
Shettar said, as he is a senior leader and a former Chief Minister, he has decided not to be part of the new cabinet, and has got good response for his stand from various quarters, across the state.
"Despite being a former Chief Minister, I was part of Yediyurappa's cabinet because Yediyurappa is our senior and tallest leader of the party and I was Minister under him earlier too, there was no uneasiness there. But in today's situation I'm a senior leader, so I'm not joining," he said, adding that not just because it is Bommai, if anyone else would have become CM also, his decision would have been the same.
Shettar said he has made his stand known to state BJP President, the Chief Minister, Yediyurappa and Union Minister Pralhad Joshi, and maintained that he is committed to the party, as his family has served it from the Jana Sangh's days.
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Rupee falls 20 paise to 95.43 against US dollar in early trade
Mumbai (PTI): The rupee depreciated 20 paise to 95.43 against US dollar in early trade on Tuesday as market sentiments remained fragile after renewed military exchanges between US and Iranian forces in the Gulf region.
Forex traders said investor anxiety due to instability in the Gulf is causing massive capital flight into safe-haven assets, with the US dollar acting as the primary beneficiary.
Moreover, Brent oil prices is hovering near USD 113 per barrel, maintaining pressure on oil-importing economies like India.
At the interbank foreign exchange market the rupee opened at 95.30 then lost ground to touch 95.43 against the US dollar, in initial trade, registering a fall of 20 paise over its previous close.
Rupee fell 39 paise to close at an all-time low of 95.23 against the US dollar on Monday.
"With oil boiling rupee on Monday fell to a closing low of 95.0875 and this morning the opening was still lower as it becomes more and more vulnerable when dollar index rises due to safe-haven buying and oil prices rise due to the continuous fighting in the Gulf Region," Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.
The higher oil prices will keep rupee sold off against the dollar as oil companies and FPIs intensify dollar buying, Bhansali added.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 98.51, up 0.15 per cent.
Brent crude, the global oil benchmark, was trading lower by 1.07 per cent at USD 113.22 per barrel in futures trade.
"Market sentiments remained fragile after renewed military exchanges between US and Iranian forces when Iranian forces launched fresh attacks in the Gulf as both sides sought to assert control over the strategic waterway," Bhansali said.
On the domestic equity market front, Sensex declined 361.62 points to 76,907.78 in early trade, while the Nifty dropped 134.90 points to 23,980.60.
Foreign Institutional Investors purchased equities worth Rs 2,835.62 crore on Monday, according to exchange data.
