Karnataka: Lokayukta sleuths raid 12 govt officials in disproportionate assets cases
Bengaluru(PTI): Lokayukta sleuths on Tuesday conducted simultaneous raids across the state against 12 government officials, including a surveyor in the land acquisition division of the Bangalore Metro Rail Corporation Limited (BMRCL) in connection with disproportionate assets cases.
The raids were carried out in several locations linked to the 12 officers.
According to sources in the Lokayukta, the coordinated raids were carried out from early morning.
Those raided include Jyothi Mary First Division Assistant, Department Health and Family Welfare in Hassan, Dhoolappa, Assistant Director, Agriculture Department in Kalaburagi; Chandra Kumar, Assistant Director, Agriculture Department, Chitradurga; Lakshminarayan P Nayak, Road Transport Officer, Transport Department, Udupi; Manjunath G, Medical Officer, Mallasandra Maternity Hospital, Bengaluru; and Jagdish Naik, Assistant Executive Engineer, Karnataka Rural Infrastructure Development Limited (KRIDL), Davangere.
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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.
