Karnataka govt drops Mansoor Ali Khan, nominates Umashree to Vidhan Parishad
Bengaluru: The Karnataka government on Tuesday, in its final roster of nominations for the Vidhan Parishad, has reportedly made a substantial alteration by omitting the name of Congress Leader Mansoor Ali Khan. This alteration in the nominations has favored actor-turned-politician and former Minister Umashree.
The selected candidates now comprise actress Umashree, former minister M.R. Seetharam, and retired Enforcement Directorate (ED) officer Sudham Das.
Actress Umashree has been nominated under the artists' quota, M.R. Seetharam under the education quota, and Sudham Das under the social service quota. Additionally, it has been communicated that a formal recommendation has been dispatched, urging the consideration of these nominations.
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The Governor reportedly directed the Chief Secretary to the Government to furnish supplementary information concerning M.R. Seetharam, owing to allegations associated with alleged illicit money laundering that have surfaced against him. This directive has prompted the Chief Secretary to schedule a meeting with the Governor on Wednesday, during which he will provide explanation regarding M.R. Seetharam's background and standing.
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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.
