No development, corruption at peak in Karnataka, alleges BJP's Vijayendra
Bengaluru (PTI): Karnataka BJP president B Y Vijayendra on Saturday lashed out at the Siddaramaiah-led government, alleging that there was absolutely zero development in the state while corruption was at its peak.
He said the BJP would continue to "expose" the state government and its "failures".
Listing a series of issues, the BJP chief said the Congress dispensation headed by Siddaramaiah had failed on multiple fronts, be it the Dharmasthala issue, the hate speech Bill, the Chinnaswamy Stadium stampede incident, the liquor policy or corruption-related cases.
Speaking to reporters here, Vijayendra alleged that corruption in the state had increased. There was a detection of Rs 14.5 crore of wealth from Sarfaraz Khan, who is considered close to Housing Minister Zameer Ahmed Khan and is on deputation in the Karnataka Housing Department.
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He also referred to the alleged ST Development scam, which took place during the 2024 Lok Sabha election.
The Valmiki Development Corporation scam in Karnataka involved the misappropriation of around Rs 94 crore meant for Scheduled Tribes' welfare, with funds illegally transferred from Union Bank of India accounts to fake entities, implicating top officials, including former Minister Nagendra, in creating fake accounts and using funds for personal gain and elections.
"There is absolutely no development and there is highest level of corruption in Karnataka. There is zero progress and zero development,” he alleged.
Vijayendra further accused the state government of repeatedly blaming the Centre to “cover up its failures”, saying it claims that the central government is doing injustice to Karnataka.
Referring to the Hate Speech Bill passed by both Houses of the legislature in the recently concluded Assembly session in Belagavi, he alleged that the Siddaramaiah government was trying to suppress criticism and compared the move to the Emergency imposed in 1975 by former Prime Minister Indira Gandhi.
"Why this hate speech bill? Because the Siddaramaiah government is unable to face the truth. They are trying to bring emergency. What happened in 1975 when Indira Gandhi brought emergency? the same policy has been followed by Siddaramaiah government. They are trying to attack media persons, they are also trying to stop social media users... They don't want any criticism," he said.
"We (BJP) are going to expose this Congress government, the failures of the Congress government, corruption of the Congress government. Corruption has gone to the peak," he alleged.
According to Vijayendra, investors were moving away from Karnataka due to what he termed the “anti-investor policies” of the state government.
Ather Electric scooters, Google and aerospace industries, which had earlier invested in Karnataka, were now moving away because of the state government’s "anti-investor policy".
"Youths are getting affected by this loss of employment. Inspite of this, nobody should question the state government. Is this democracy? Hence, we are questioning the state government and we want to expose this Congress government and its failures also," he added.
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Rupee hits all-time low for second time in a week
Mumbai (PTI): The rupee depreciated 31 paise to settle at 91.99 against the US dollar on Wednesday, touching the lowest closing level for the second time in less than a week, amid increased month-end demand for the greenback.
Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. However, increased month-end demand for the American currency as well as the ongoing geopolitical tensions dented investors' sentiments.
At the interbank foreign exchange, the rupee opened at 91.60 and touched an early high of 91.50, but pared all the gains to touch an intra-day low of 91.99 against the greenback.
The domestic unit settled 31 paise down, revisiting its lowest-ever closing level of 91.99 against the greenback. The Indian currency previously ended at this level on January 23 when it also hit its all-time intraday low of 92 against the US dollar.
On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 against the US dollar.
Analysts said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe bolstered investor sentiment.
India and the European Union on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA), under which a number of domestic sectors such as apparel, chemicals and footwear will get duty-free entry into the 27-nation bloc, while the EU will get access to the Indian market at concessional duty for cars and wines, an official said.
The deal has been dubbed the "mother of all deals" as it will create a market of about 2 billion people.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent lower at 96.14.
Brent crude, the global oil benchmark, was trading 0.43 per cent lower at USD 67.28 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 487.20 points to settle at 82,344.68, while Nifty surged 167.35 points to 25,342.75.
Foreign Institutional Investors turned net buyers and purchased equities worth Rs 480.26 crore on Wednesday, according to exchange data.
