Karnataka govt to bifurcate Ballari to create new district
Bengaluru, Sep 19: Karnataka government has proposed to create new Vijayanagara district by carving out six taluks from the existing Ballari district.
Chief Minister B S Yediyurappa has asked the Chief Secretary to place the proposal before the next cabinet meeting, official sources said on Thursday.
He stressed the need to form a new Vijayanagar district with its headquarters in Hosapet by carving out six taluks – Hosapet, Kampli, Hagaribommanahalli, Kottur, Hadagali, and Harapanahalli – from Ballari district and keeping the remain five taluks – Ballari, Kurugodu, Siraguppa, Sandur, and Kudligi – in Ballari district.
Once approved, Vijayanagara will become the 31st district in the state.
Anand Singh, one of the 17 disqualified MLAs whose rebellion led to the fall of the previous H D Kumaraswamy-led government, had cited the demand for a separate Vijayanagara district as one of the reasons for his resignation from Congress.
A delegation lead by Singh on Wednesday had met Yediyurappa and urged him to create a separate Vijayanagara district by bifurcating Ballari.
According to official sources, Yediyurappa said that keeping public and administrative interest in mind, it was necessary to create the new district with six out of 11 taluks in Ballari District with Hosapete as its headquarters.
Noting that some parts of the Ballari district were about 200 km away from the present headquarters, the Chief Minister said it was causing inconvenience to farmers, poor, labourers and common people.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
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.
