New airport in Shivamogga already in controversy as netizens object to Hindi announcement
Karnataka Minister responds
Shivamogga witnessed the historic arrival of its first flight from Bengaluru on Wednesday afternoon, marking a significant milestone for the region. However, a wave of discontent surged through social media as a few netizens expressed their dissatisfaction with the Hindi language announcement displayed at the airport. Given that both Shivamogga and Bengaluru primarily uphold Kannada as their language, questions were raised about the appropriateness of having announcements in Hindi.
One user, Rupesh Ranjanna, took to social media to voice his concern. He shared a snapshot of a digital notice board at Shivamogga airport, showcasing the Hindi announcement. In his post, he asserted, "This is not some Hindi state, this is Karnataka. Hindi is not required here. Remove this and put it in Kannada." Notably, the Shivamogga airport, now operated by the Karnataka government, initiated its flight services between Bengaluru and Shivamogga.
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Karnataka Industries and Commerce Minister, MB Patil, responded to the tweet by assuring that only Kannada and English would be given priority. He acknowledged the issue and stated, "This has not come to my notice, I will definitely discuss with concerned officials! Kannada and English will be prioritized."
Thursday heralded another momentous occasion as the inaugural commercial domestic flight landed at the Kuvempu Airport in Shivamogga. Notable figures, including former Karnataka Chief Minister BS Yediyurappa and State Minister for Industries MB Patil, were present on the flight that traversed from Bengaluru to Shivamogga. The flight, operated by IndiGo Airlines, marked the commencement of daily services between the two cities, thereby enhancing connectivity for the region.
This had not come to my notice, will definitely discuss with concerned officials! Kannada and English will be prioritized # ಕನ್ನಡ in ಕರ್ನಾಟಕ https://t.co/PzC2Jx3TLP
— M B Patil (@MBPatil) August 31, 2023
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Silver, gold script sharp comeback as US-Iran ceasefire calms global jitter
New Delhi (PTI): Silver prices surged Rs 11,000 to Rs 2.51 lakh per kilogram in the national capital on Wednesday, while gold advanced to Rs 1.56 lakh per 10 grams amid strong global cues after the US and Iran agreed to a two-week ceasefire.
According to the All India Sarafa Association, the white metal zoomed by Rs 11,000, or nearly 5 per cent, to Rs 2,51,000 per kg (inclusive of all taxes) from Tuesday's closing level of Rs 2,40,000 per kg.
Gold of 99.9 per cent purity also appreciated by Rs 3,200, or 2.09 per cent, to Rs 1,56,400 per 10 grams (inclusive of all taxes). It settled at Rs 1,53,200 per 10 grams in the previous market session.
Analysts said bullion prices strengthened as geopolitical tensions in West Asia eased, triggering a broader relief rally across global financial markets.
Gold maintained strong gains and approached a three-week high on Wednesday as improved global risk sentiment, along with a pullback in US dollar and crude oil prices, boosted demand for precious metals, Saumil Gandhi, Senior Analyst of Commodities at HDFC Securities, said.
The positive momentum came after an agreement reached just before a self-imposed deadline by US President Donald Trump, who confirmed a pause in military action, conditional on the reopening of the Strait of Hormuz.
Iran also signalled that safe passage through the Strait would be possible during the ceasefire period, further easing supply concerns.
In the overseas markets, spot gold gained USD 97.48, or 2.07 per cent, to USD 4,803.33 per ounce, while silver was trading 6 per cent higher at USD 77.33 per ounce.
"Spot gold in the international markets surged on Wednesday after the announcement of a temporary ceasefire in the Iran war," Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, said.
He added that commodities, bonds and equities rallied after crude oil prices crashed nearly 20 per cent on the ceasefire announcement, as a decline in energy rates will reduce interest rate hike chances by global central banks, including the US Federal Reserve.
Echoing similar sentiments, Kaynat Chainwala, AVP Commodity Research, Kotak Securities, said precious metal prices rose up to 7 per cent as the dollar slipped below 99 on US-Iran ceasefire relief, temporarily easing fears of prolonged energy supply shocks and the associated inflationary fallout.
The rally in bullion ran alongside a broader relief rally in global markets. Throughout the conflict, gold's traditional safe-haven appeal has been tempered by liquidity stress, as investors were compelled to liquidate bullion positions to cover losses elsewhere in their portfolios, she added.
"With the ceasefire conditional and compliance around the Strait of Hormuz still uncertain, any signs of a breach or collapse could quickly reverse sentiment and renew downside risk across precious metals," Chainwala said.
