On May 13 Cong will have 141 seats in Karnataka: DKShi makes bold prediction ahead of assembly polls
Bengaluru: In a recent interview with India Today's Rajdeep Sardesai, senior Congress leader DK Shivakumar expressed his confidence in the party's victory in the upcoming Karnataka Assembly elections. Shivakumar predicted that the Congress would win at least 141 seats in the state, which has a total of 224 seats.
Rajdeep who was interviewing Shivakumar asked the KPCC President to give him a certain number that he believes party will undoubtedly secure when the results of the elections come out. “My number for Karnataka on May 13 is 141,” Shivakumar replied.
Shivakumar, who is widely regarded as one of the most influential leaders in Karnataka politics, attributed the Congress' potential victory to the party's strong base and the leadership of the party's high command. He stated that the Congress had a "solid structure" in Karnataka and that the party's grassroots workers were highly motivated to ensure the party's victory.
When asked about the opposition's chances, Shivakumar was dismissive, stating that the Bharatiya Janata Party (BJP) and the Janata Dal (Secular) (JDS) were "not a factor" in the upcoming elections. He said that the people of Karnataka had "seen through" the BJP and JDS' "empty promises" and would vote for the Congress in large numbers.
Shivakumar also spoke about the Congress' vision for Karnataka, stating that the party would focus on development, job creation, and social welfare if elected to power. He emphasized the importance of ensuring that every citizen of Karnataka had access to basic amenities such as clean water, healthcare, and education.
In conclusion, Shivakumar's prediction of the Congress winning at least 141 seats in the upcoming Karnataka Assembly elections has raised expectations and excitement among Congress supporters in the state.
The Karnataka Assembly elections are scheduled to take place in May 2023.
.@DKShivakumar to @sardesairajdeep: Congress will win 141 seats in Karnataka pic.twitter.com/pvfwPnXqY5
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Rupee falls to record low of 86.04 against US dollar, settles 18 paise lower
Mumbai, Jan 10: The rupee declined 18 paise to breach the 86-mark against the US dollar for the first time on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds.
The local unit settled at 86.04 against the US currency.
Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down on the Indian currency, forex traders said.
Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration after Donald Trump takes over as president on January 20.
At the interbank foreign exchange, the rupee opened at 85.88, hit the intra-day peak of 85.85 before breaching the 86-mark to settle at the lowest-ever level of 86.04 against the greenback, 18 paise lower from its previous close.
On Thursday, the rupee gained 5 paise to settle at 85.86 against the US dollar, recovering from the steep decline of 17 paise in the preceding session.
Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said the rupee hit another record low as domestic markets continued to slide and FIIs outflows sustained. A strong US dollar and surge in crude oil prices also pressured the rupee.
"Weak tone in the domestic markets, a strong greenback and persistent FII outflows may continue to put downside pressure on the rupee. Rising crude oil prices, as well as surge in the US treasury yields may further weigh on the domestic unit.
"However, any RBI intervention may support rupee at lower levels. Traders may take cues from the non-farm payrolls report and consumer sentiment data from the US. USD-INR spot price is expected to trade in a range of Rs 85.80 to Rs 86.15," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent higher at 109.01. The 10-year US bond yields also rose to its April 2024 level at 4.69 per cent.
Brent crude, the global oil benchmark, surged 1.96 per cent to USD 78.43 per barrel in futures trade.
In the domestic equity market, the 30-share BSE Sensex declined 241.30 points, or 0.31 per cent, to settle at 77,378.91 points, while the Nifty dropped 95.00 points, or 0.40 per cent, to 23,431.50 points. The indices have been on the downward track for the past three sessions.
Foreign institutional investors (FIIs) offloaded Rs 2,254.68 crore in the capital markets on a net basis on Friday, according to exchange data.
The latest government data released on Friday showed the country's industrial production (IIP) growth accelerated to a six-month high of 5.2 per cent year-on-year in November 2024, riding on the increased festive demand and pick up in manufacturing sector.
