Kundapura: Tipper owners protest against sand problem
Protesters take Shobha Karandlaje to task
Kundapura, October 19: The indefinite protest, being conducted by the Taluk Tippers Owners Association in Kundapura, Koteshwara and Hemmadi demanding solution for sand problem, entered the second day on Friday.
The protest started from Thursday morning and tipper owners have parked their tippers and lorries on either side of national highway at Kundapura and Hemmadi demanding the district administration to find solution to the sand problem. “The deputy commissioner has promised them of giving permission to lift sand by October 15. Tipper owners have purchased the vehicles borrowing loans to the tunes of lakhs.
Due to sand problem, the tipper owners have no work. We are staging the protest in order to draw the attention of the government and the district administration. Till the sand problem is solved, the tippers will not come to the roads. If the district administration is not responded to their problem, we would shift our protest to the DC office where we will stage indefinite hunger strike”, warned Association President Rajesh Kaveri.
Association Taluk President Gunakar Shetty, Sharath Kumar Shetty Balikere, Ramesh Kundar, Nityananda, Anand Naik, Sathish Hegde Alur and others were present.
Protesters take Shobha Karandlaje to task!
The protesters took Udupi-Chikmagalur MP Shobha Karandlaje who visited the place where the tipper owners were staging a protest, to task and expressed their ire against the MP. When she tried to speak to agitators, the protesters said that they have been facing this problem for the last many years. Despite having the elected representatives, they have failed to direct the Deputy Commissioner and solve the problem. You people promise the people everything before elections. But later, you will disappear. The tipper owners were finding it difficult even to repay the loans, they said.
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Gold declines Rs 1,700 to Rs 1.35 lakh/10g; snaps 4-day record rally
New Delhi (PTI): Snapping the four-day record rally, gold prices declined by Rs 1,700 to Rs 1,35,900 per 10 grams in the national capital on Tuesday as investors booked profits amid weak global cues, according to the All India Sarafa Association.
The precious metal of 99.9 per cent purity had surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams on Monday. The metal rose by Rs 6,000 over the previous four days, trading at record highs.
"Gold prices witnessed profit booking and remained volatile, with the yellow metal slipping towards the USD 4,275 level in global markets and staying under pressure," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.
Echoing sentiments, Dilip Parmar, Research Analyst, HDFC Securities, said, "Domestic gold prices also softened, curtailing a four-day advance. These losses were, however, notably mitigated by the persistent weakness in the Indian Rupee which quoted at a record low level".
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In the local bullion markets, silver prices also depreciated by Rs 1,000 to Rs 1,98,500 per kilogram (inclusive of all taxes). The white metal had ended flat at Rs 1,99,500 per kg, also its all-time high level, as per the association.
Parmar added that physical jewellery demand is expected to be subdued commensurate with the onset of the inauspicious period, investment demand is forecast to remain robust, a tendency driven by prevailing risk-averse market sentiments.
In the international markets, spot gold snapped a five-day winning streak, declining by USD 27.80, or 0.65 per cent, to USD 4,277.42 per ounce.
"Gold prices experienced a modest decline, easing following five consecutive sessions of appreciation, as market participants strategically positioned themselves ahead of a critical suite of US economic data releases this week," Dilip Parmar said.
These incoming reports are poised to offer significant clarity regarding the Federal Reserve's predilection for implementing further interest-rate cuts, a key macroeconomic catalyst for the non-yielding asset, he added.
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Spot silver also dropped by USD 1.07, or 1.67 per cent, to USD 63.02 per ounce in the overseas markets.
Bullion prices are trading lower as caution prevails ahead of US nonfarm payroll (NFP) data to be released later in the day, which will show NFP figures of both October and November, Praveen Singh, Research Analyst, Mirae Asset ShareKhan, said.
