“LS poll campaigns will be held under CM's Leadership,” asserts DK Shivakumar on Yatindra’s remarks
Bengaluru: Karnataka Deputy Chief Minister DK Shivakumar addressing Congress leader Yatindra’s statement asserted that the Congress government will remain strong for five years and that the Lok Sabha polls will be held under the Chief Minister Siddaramaiah’s leadership. Shivakumar was speaking to the press at the Kumara Krupa guest house in the city on Wednesday.
Congress leader and CM Siddaramaiah’s son Yatindra on Wednesday in a function held at Hassan district stated, “If Cong performs well in LS polls, Siddaramaiah will continue as CM for a full term without any hindrances.” The remark sparked a debate about vexed leadership issue in the Congress state unit.
"Our government will remain strong for five years. Siddaramaiah is our Chief Minister now. He, as the Chief Minister, and myself, as the State President of the Congress Party, will conduct election campaigns together. Elections will be held under his leadership. There is no doubt about it. It is not wrong to desire and ask people for support," stated Shivakumar.
ALSO READ: Good show in LS polls will allow Siddaramaiah to continue as CM for 5 years, says his son
Referring to Yathindra as a responsible leader, Shivakumar mentioned that, “Yathindra is a responsible leader. It is natural to seek strength from the public. There is no requirement to distort his statement.”
Meanwhile addressing about counterfeit Mysore Sandal Soaps in circulation in the market he said, “I have observed counterfeit Mysore sandal soaps as well. Genuine and fake kinds of the soap exist in the market, with the fake ones often having the quality of getting discolored after a day of use. I have emphasized the need for an investigation into this matter. Previously, there were Mysore lamps being counterfeited. The authorities have taken effective measures to investigate and expose the production of counterfeit Mysore Sandal Soap. Legal action will be pursued against those involved in counterfeiting the soaps.”
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
