Karnataka govt all set to launch women financial aid scheme 'Gruha Lakshmi' tomorrow
Bengaluru, Aug 29: Fulfilling another key pre-poll promise, the Congress government in Karnataka would launch 'Gruha Lakshmi' scheme, offering monthly aid of Rs 2,000 each to about 1.1 crore women heads of family, at a public function in Mysuru on Wednesday.
Chief Minister Siddaramaiah and his deputy D K Shivakumar offered prayers on Tuesday at the famous Chamundeshwari temple in the district headquarters town of Mysuru, where the scheme would be launched by AICC President M Mallikarjun Kharge at the function that would also be attended by Congress leader Rahul Gandhi.
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"As many as 1.1 crore women heads of households will be given Rs 2,000 every month," Siddararamaiah told reporters in Mysuru, his home district. The government has earmarked Rs 17,500 crore for 'Gruha Lakshmi' programme in the current financial year.
'Gruha Lakshmi' scheme is one of the five pre-poll 'guarantees' of the Congress, which ousted the BJP from power in the Assembly elections held in May.
Asked if implementing the 'guarantees' was a challenge, the Chief Minister said it was no so. "There should be political will. Our party and government has political will," he pointed out.
The Chief Minister said opposition parties were alleging that the government would not be able to implement the 'guarantees' and that it would lead to financial bankruptcy. But we have been successfully implementing them, he added.
Siddaramaiah on Monday had said about one lakh people would gather at the public function to mark the launch of the flagship scheme.
He had stressed that it would be a government function in which Kharge and Gandhi would attend the event in their capacity as Leader of Opposition in the Rajya Sabha, and as Lok Sabha member, respectively. "It's not a party function," he had said.
The Chief Minister had said the state government has already implemented three of the five 'guarantees' (pre-poll promises) -- 'Shakti', 'Gruha Jyothi' and 'Anna Bhagya' -- and noted that 'Gruha Lakshmi' is the fourth one. The fifth one is the 'Yuva Nidhi' scheme that promises to provide unemployment allowance to the state's youth.
ಮುಖ್ಯಮಂತ್ರಿ @siddaramaiah ಅವರು ಇಂದು ಬೆಳಗ್ಗೆ ಚಾಮುಂಡಿಬೆಟ್ಟಕ್ಕೆ ತೆರಳಿ ತಾಯಿ ಚಾಮುಂಡೇಶ್ವರಿ ದರ್ಶನ ಪಡೆದು, ಪೂಜೆ ಸಲ್ಲಿಸಿದರು.
— CM of Karnataka (@CMofKarnataka) August 29, 2023
ಉಪ ಮುಖ್ಯಮಂತ್ರಿ @DKShivakumar, ಮಹಿಳಾ ಮತ್ತು ಮಕ್ಕಳ ಕಲ್ಯಾಣ ಸಚಿವೆ @laxmi_hebbalkar ಅವರು ಸೇರಿದಂತೆ ಹಲವು ನಾಯಕರು ಈ ವೇಳೆ ಜೊತೆಗಿದ್ದರು. pic.twitter.com/CMr9C5MVmZ
ಕುಟುಂಬ ನಿರ್ವಹಣೆಯ ಹೊಣೆಹೊತ್ತ ನಾಡಿನ ಕೋಟಿಗೂ ಅಧಿಕ ಮಹಿಳೆಯರಿಗೆ ಆರ್ಥಿಕ ನೆರವು ನೀಡಿ, ಬೆಲೆಯೇರಿಕೆಯ ಸಂಕಷ್ಟಗಳ ನಡುವೆ ಸ್ವಾವಲಂಬಿ ಬದುಕು ಕಟ್ಟಿಕೊಳ್ಳುವ ಅವರ ಕನಸನ್ನು ನನಸಾಗಿಸುವ ಗೃಹಲಕ್ಷ್ಮಿ ಯೋಜನೆ ಜಾರಿಗೆ ಕ್ಷಣಗಣನೆ ಆರಂಭಗೊಂಡಿದೆ.
— CM of Karnataka (@CMofKarnataka) August 29, 2023
ನಾಳೆ ಬೆಳಗ್ಗೆ 11 ಗಂಟೆಗೆ ಮೈಸೂರಿನ ಮಹಾರಾಜ ಕಾಲೇಜು ಮೈದಾನದಲ್ಲಿ ನಡೆಯಲಿರುವ ಸಮಾರಂಭಕ್ಕೆ… pic.twitter.com/y94LZ9LqpP
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Silver, gold script sharp comeback as US-Iran ceasefire calms global jitter
New Delhi (PTI): Silver prices surged Rs 11,000 to Rs 2.51 lakh per kilogram in the national capital on Wednesday, while gold advanced to Rs 1.56 lakh per 10 grams amid strong global cues after the US and Iran agreed to a two-week ceasefire.
According to the All India Sarafa Association, the white metal zoomed by Rs 11,000, or nearly 5 per cent, to Rs 2,51,000 per kg (inclusive of all taxes) from Tuesday's closing level of Rs 2,40,000 per kg.
Gold of 99.9 per cent purity also appreciated by Rs 3,200, or 2.09 per cent, to Rs 1,56,400 per 10 grams (inclusive of all taxes). It settled at Rs 1,53,200 per 10 grams in the previous market session.
Analysts said bullion prices strengthened as geopolitical tensions in West Asia eased, triggering a broader relief rally across global financial markets.
Gold maintained strong gains and approached a three-week high on Wednesday as improved global risk sentiment, along with a pullback in US dollar and crude oil prices, boosted demand for precious metals, Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
The positive momentum came after an agreement reached just before a self-imposed deadline by US President Donald Trump, who confirmed a pause in military action, conditional on the reopening of the Strait of Hormuz.
Iran also signalled that safe passage through the Strait would be possible during the ceasefire period, further easing supply concerns.
In the overseas markets, spot gold gained USD 97.48, or 2.07 per cent, to USD 4,803.33 per ounce, while silver was trading 6 per cent higher at USD 77.33 per ounce.
"Spot gold in the international markets surged on Wednesday after the announcement of a temporary ceasefire in the Iran war," Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said.
He added that commodities, bonds and equities rallied after crude oil prices crashed nearly 20 per cent on the ceasefire announcement, as a decline in energy rates will reduce interest rate hike chances by global central banks, including the US Federal Reserve.
Echoing similar sentiments, Kaynat Chainwala, AVP Commodity Research, Kotak Securities, said precious metal prices rose up to 7 per cent as the dollar slipped below 99 on US-Iran ceasefire relief, temporarily easing fears of prolonged energy supply shocks and the associated inflationary fallout.
The rally in bullion ran alongside a broader relief rally in global markets. Throughout the conflict, gold's traditional safe-haven appeal has been tempered by liquidity stress, as investors were compelled to liquidate bullion positions to cover losses elsewhere in their portfolios, she added.
"With the ceasefire conditional and compliance around the Strait of Hormuz still uncertain, any signs of a breach or collapse could quickly reverse sentiment and renew downside risk across precious metals," Chainwala said.
