See defeat and victory with equanimity:Kumaraswamy after JD(S) tallies only 19 seats in K'taka polls
Bengaluru, May 13: JD(S) leader H D Kumaraswamy on Saturday said he accepts defeat and victory with equanimity and the loss in the Karnataka Assembly polls was not final for him and his party.
The former chief minister, whose party has won 19 seats in the Assembly polls, wished good luck to the new government that will be coming into existence and expressed hope that they respond to the requirements of the people.
The Congress scored a thumping win in the Assembly polls with Election Commission data showing the party winning or leading in 136 seats which gives it a comfortable majority on its own in the 224-member state Assembly.
"I welcome the mandate of the people of the state. In a democratic system, the mandate of people is final. I accept defeat and victory with equanimity. However, this defeat is not final, my struggle will not stop, I will always be with the people. I thank the people who have blessed our party," Kumaraswamy said.
The JD(S) leader won from Channapatna segment in the party's traditional bastion of Old Mysuru region by defeating C P Yogeshwara of the BJP by 15,915 votes.
Stating that both victory and loss are not new to him or his family, Kumaraswamy said: "Earlier (father and party chief) H D Deve Gowda, (brother and MLA) H D Revanna and I too had lost. When we won, we served people with commitment. In the coming days, I will get involved in the organisation and work on building the party."
Wishing good luck to the incoming government, Kumaraswamy wished that it responds to the requirements of the people. "My gratitude to the workers, leaders and candidates (of JDS) who worked day and night for the party in this election. No one should panic for any reason, I am with you," he added.
It was widely expected that in case of a hung verdict, JD(S) would play a key role in government formation.
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Trump threatens BRICS countries of 100% tariff if they drop dollar as currency
Washington: President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil.
BRICS, formed in 2009, is the only major international group of which the United States is not a part. Its other members are South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Over the past few years a few of its member countries, in particular Russia and China, are seeking an alternative to the US Dollar or create own BRICS currency. India has so far not been part of the move.
On Saturday, Trump warned BRICS nations against such a move.
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” the president-elect said in a post on Truth Social, a platform owned by him.
“We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs and should expect to say goodbye to selling into the wonderful U.S. Economy,” Trump warned.
“They can go find another 'sucker!' There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America,” he said. At the 2023 summit in South Africa, BRICS countries committed to study the feasibility of a new common currency. A proposal in this regard was made by the Brazilian President Luiz Inacio Lula de Silva.
India, an important pillar of BRICS, has said it is against de-dollarisation.
"…ask you about de-Dollarization as a possibility for the world. At times India has expressed interest in alternative currency. It can serve as a reserve mechanism. I wonder how do you see that right now what you see as the role of the dollar and these discussions about your national policy," India’s External Affairs Minister S Jaishankar said during his appearance at the Carnegie Endowment for International Peace this fall.
“I think you have us confused for someone else because we have never actively targeted the dollar. That's not part of either our economic policy or our political or our strategic policy. Some others may have,” Jaishankar said.
“What I will tell you is a natural concern there. We often have trade partners who do not have dollars to take. So, we now have to look at whether we forgo dealings with them or do we find some settlement which works otherwise. So, there's no, I can say malicious intent vis-a-vis the dollar in business. WE are trying to do our business,” he said.
“Sometimes you make it difficult in the use of dollars. We have some trade partners with whom trade in dollars becomes difficult because of your policies. We have to obviously look for workarounds. But for us, as we spoke about rebalancing, we spoke about multiple obviously all of this is also going to reflect on currencies and economic needs,” said the External Affairs Minister on October 1 this year.
