Karnataka proposes naming four railway stations after saints
Bengaluru (PTI): Karnataka Minister M B Patil has recommended renaming Vijayapura, Belagavi, Bidar and Shivamogga Railway stations after prominent saints.
In a statement issued on Thursday, Patil said that the renaming is in accordance with local cultural significance.
The recommendation has been sent to the Union Ministry of Home Affairs, he said.
In his letter, Patil has proposed that Vijayapura Railway Station be renamed Jnana Yogi Sri Siddeshwara Swamiji Railway Station, Belagavi Station be named Sri Basava Mahaswamiji Railway Station, Bidar Station as Channabasava Pattadevaru Railway Station, and Sooragondanakoppa Station as Bhayagada Railway Station.
He explained that the state government has recommended naming these four stations after revered saints and that approval from the Union Home Ministry is required for this.
Accordingly, the Infrastructure Department has sent the official communication, the minister said.
All four railway stations fall under the jurisdiction of the Hubballi Division of South Western Railway.
The minister noted that the saints proposed have made significant contributions to these regions of Karnataka, and urged the Centre to approve the renaming and notify it in the official gazette at the earliest.
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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.
