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, silver soar as US-Iran deal hopes lift bullion demand
New Delhi (PTI): Gold prices rebounded by Rs 2,900 to Rs 1.55 lakh per 10 grams in the national capital on Wednesday, while silver climbed to Rs 2.54 lakh per kilogram as easing geopolitical tensions triggered a pullback in oil rates, boosting demand for precious metals.
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity jumped by Rs 2,900, or nearly 2 per cent, to Rs 1,55,400 per 10 grams (inclusive of all taxes) from Tuesday's closing level of Rs 1,52,500 per 10 grams.
Traders attributed the surge in bullion prices to reports that Washington and Tehran are close to finalising a framework agreement to end months of conflict, raising the prospects of smoother flows through the Strait of Hormuz and easing inflation concerns tied to energy markets.
"Gold rallied strongly on Wednesday as easing geopolitical tensions triggered a sharp reversal in key macro drivers that had recently pressured precious metals," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.
Silver prices also advanced for the third straight session by rising Rs 3,500, or 1.4 per cent, to Rs 2,54,500 per kg (inclusive of all taxes). The metal had settled at Rs 2,51,000 per kg in the previous session, as per the Association.
"The prospect of a diplomatic breakthrough triggered a steep decline in oil prices and the US dollar, easing concerns about inflation while boosting demand for precious metals," Gandhi said.
Globally, spot gold increased by USD 106.15, or 2.33 per cent, to USD 4,663.70 per ounce while silver gained USD 3.40, or 4.68 per cent, to USD 76.24 per ounce.
"Gold witnessed a sharp rally as markets reacted positively to reports that the US and Iran are moving closer to a one-page agreement framework aimed at ending the conflict," Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities, said.
Despite strong international gains, rupee strength limited the upside in domestic gold prices. The market is now highly focused on final confirmation and execution of the proposed deal, he added.
Any negative surprise or breakdown in negotiations could trigger a sharp sell-off in gold, while a successful agreement and sustained ceasefire could push the bullion prices higher in the near-term, Trivedi said.
