Karnataka: Indigo disruption forces newlyweds to attend reception online
Hubballi (Karnataka) (PTI): The venue was all decked up and a delicious spread ready for the invitees. But Megha Ksheerasagar and Sangam Das could not be present for their own wedding reception, thanks to the national flight disruptions that has sent many passengers across the country into a tizzy.
The newlyweds' reception was fixed here on December 3, but the couple was forced to attend their grand event only via video conference due to the disruptions in top carrier Indigo's operations, mainly due to crew woes.
Not meaning to miss the important day, the couple appeared on a large screen at the venue through video conferencing from Bhubaneswar, greeted the guests and apologised for not being personally present.
Instead, the bride's parents graced the occasion at the scheduled reception venue--Gujarat Bhavan, here, on behalf of the couple that had tied the knot on November 23 in Odisha's Bhubaneswar.
According to the family, the couple, both software engineers, work in Bengaluru. The reception was arranged at the bride's native place in Hubballi on Wednesday.
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To be part of their special day, the couple had booked tickets on the Bhubaneswar-Bengaluru-Hubballi route for December 2. Some relatives had booked tickets on the Bhubaneswar-Mumbai-Hubballi route. However, due to operational disruptions, IndiGo flights were continuously delayed from 9 am on December 2 until early morning on December 3, and were eventually cancelled.
"My daughter's wedding happened on November 23 and we had organised a reception at our native place in Hubballi for people here. The flight kept getting delayed and at the last moment, at around 4 am, it got cancelled. Now what could we do after that. We had to come up with some solution. Then I decided to do the reception online. I immediately arranged for a screen and asked my daughter and son-in-law to join the reception online," the bride's father Anil Kumar Ksheerasagar told PTI Videos.
He urged the central government to take corrective measures so that public, being the tax payers, don't suffer.
"What the problem with IndiGo is, we don't know. My daughter and son-in-law were supposed to come via an IndiGo flight but that got cancelled. IndiGo alone can't be blamed. The government must understand that it is in case of emergencies that people prefer flights. Some measures need to be taken to resolve this issue. When the PM's flight gets cancelled, he is taken by helicopter. Why is the same not done for us, the common people. We also have emergencies, don't we. The government must think of this, and if they ignore public woes, they should remember that we are also VIPs because we pay tax."
Relatives had come for the reception from across the country--Mumbai, Pune, Hyderabad, Bagalkote, Davangere and Belagavi.
"I didn't know what to do as relatives and guests had come from so many places. I was stressed, but then I quickly decided to do it online," Ksheerasagar said.
As the couple could not travel to Hubballi, the bride's parents sat in place of the newly-weds at the reception venue and conducted the rituals, while the bride and groom, dressed up in Bhubaneswar, attended their grand reception online.
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Rupee falls 5 paise to close at 89.94 against US dollar after RBI cuts repo rate
Mumbai (PTI): The rupee on Friday gave up its initial gains and settled for the day lower by 5 paise at 89.94 (provisional) against US dollar, after the Reserve Bank cut key benchmark interest rate for the first time in six months.
Forex traders said the Reserve Bank of India's (RBI) rate cut will weigh on the rupee, but RBI's decision to purchase government bonds worth up to Rs 1 lakh crore through open market operations (OMO), combined with a USD 5 billion buy-sell swap, will support the local currency.
At the interbank foreign exchange market, the rupee opened at 89.85 against the US dollar and gained ground, touching 89.69 in morning deals, registering a 20-paise gain from its previous close.
After the RBI's monetary policy announcement, the rupee lost ground and fell to 90.06 against the American currency, a 16-paise decline from its previous close of 89.89. The currency is down almost 5 per cent against the dollar this year, the worst performer in Asia.
The local unit finally settled for the day lower by 5 paise at 89.94 (provisional) against the American currency.
"Beyond the rate cut, RBI's decision to purchase government bonds worth up to Rs 1 lakh crore through OMO, combined with a USD 5 billion buy-sell swap, marks a decisive effort to restore durable liquidity and stabilize currency markets after the rupee's sharp depreciation," said Sachin Bajaj, Executive Vice President & Chief Investment Officer, Axis Max Life Insurance.
The RBI on Friday cut the key benchmark interest rate for the first time in six months and took steps to boost liquidity to support a "goldilocks" economy amid high US tariffs.
Reserve Bank Governor Sanjay Malhotra said the central bank does not target any band for the rupee in the forex market, and allows the domestic currency to find its own correct level.
"We don't target any price levels or any bands. We allow the markets to determine the prices. We believe that markets, especially in the long run, are very efficient. It's a very deep market," he said while replying to a question on rupee depreciation at a post-monetary policy press meet.
Malhotra said fluctuations in the market keep occurring, and the RBI's effort is always to reduce any abnormal or excessive volatility. "And that is what we will continue to endeavour," he added.
In its bi-monthly monetary policy, the RBI announced three-year USD/INR Buy Sell swaps of USD 5 billion this month. When asked if this is aimed at checking rupee depreciation, Malhotra said, "It is a liquidity measure. It is not to support the rupee".
The governor further said the country has sufficient foreign exchange reserves and that the current account is manageable, and that, given the strong fundamentals of the economy, the country should witness strong capital flows going forward.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 98.96.
Brent crude, the global oil benchmark, rose 0.02 per cent to USD 63.27 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 447.05 points to settle at 85,712.37, while the Nifty climbed 152.70 points to 26,186.45.
Foreign institutional investors sold equities worth Rs 1,944.19 crore on a net basis on Thursday, according to exchange data.
