Show me one party that has not associated with BJP: Deve Gowda on forging oppn alliance
Bengaluru(PTI): JDS Supremo H D Deve Gowda on Tuesday said he could not tell which party was communal and which was not, as he did not sound very optimistic about the ongoing efforts to forge an anti-BJP front nationally, ahead of the 2024 Lok Sabha polls.
The former PM sought to know if there was a single party in the country that has had no association with the BJP, either directly or indirectly.
"I can analyse in detail about this country's politics, what is the use? Show me one party which has not associated with the BJP, either directly or indirectly. Show me one party in the whole country, then I will answer," Gowda said in response to a question about Bihar CM Nitish Kumar trying to forge an anti BJP front at the national level.
Speaking to reporters here, he said, "Some Congress leaders may say -- but, had they not gone to Karunanidhi (of DMK), who supported BJP for six years, whether directly or indirectly.... that's why I don't want to discuss the political atmosphere prevailing in this country, there is no need, I have seen it as PM, CM, as MP...what happened in Maharashtra? I can quote several incidents."
Declining to comment on a query about leading or joining a front against BJP on the request of like minded parties, Gowda said, "who is communal, who is not communal, I don't know. First of all, the definition of communal and non communal -- it can be enlarged, then the scope is much..."
Bihar Chief Minister Nitish Kumar had called a meeting of opposition parties in Patna on June 12. The event has now been postponed.
Amid reports in a section of media that JD(S) would enter into an alliance with the BJP to fight the 2024 Lok Sabha polls, the party veteran said he and his party would not pay attention to such things.
"Regarding the Parliament election, there are a variety of things, we are not going to pay attention to it. Our party, our strength -- our karyakartas are our strength -- by unifying and encouraging them, we will have to work towards strengthening the regional party, save it and move ahead."
Pointing to the presence of strong regional parties in neighbouring Tamil Nadu, Andhra Pradesh and Telangana, he said, "In that direction we will have to strive towards strengthening and nurturing the JD(S) by giving more strength to youth."
He also said that he had advised the constitution of a "high level" committee with representation from all communities for strengthening the party.
Asked if he would once again contest Lok Sabha polls, Gowda said, he is 91-year-old now and that question does not arise.
"How many candidates will be fielded for MP elections and from where, all those things will be decided later. The priority is to identify our strengths in zilla, taluk and corporation polls. After that we will look at Parliament polls, we will contest wherever we can based on our strength. We had a tie up with RSP and communist party, our leaders will decide in this regard," he added
Gowda said he has called a meeting of party leaders to discuss the party's performance in the recently held Assembly polls, organising, strengthening the party and restructuring of taluk and district units wherever necessary ahead of the upcoming zilla, taluk and corporation polls; and preparation for 2024 Lok Sabha polls.
"I don't want to speak about Congress or BJP or the promises they made and about their implementation. What is before us is the upcoming elections....we will not sit quietly, I'm 91 and I'm also ready to work with you. I call on all party leaders, especially youths, to work towards building the party and prepare for the polls," he said.
JD(S) has to start preparing for the Bruhat Bengaluru Mahanagara Palike (BBMP) polls, and the party has to identify candidates in the places where we were not fielding, he said, "I'm ready to travel wherever the party asks me to go for organizing and building the party , there is no question of me sitting idle."
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Rupee rises 10 paise to 92.41/USD; faces risks from rising global tensions
Mumbai (PTI): The rupee appreciated 10 paise to 92.41 against the US dollar in early trade on Friday, even as the USD/INR pair faces risks from rising global tensions, especially the US-Iran conflict.
Forex traders said the rupee is likely to see high volatility intra-day as the deadline for RBI's instructions to banks to curb their overnight positions to USD 100 million closes today.
At the interbank foreign exchange market, the rupee opened at 92.58 against the US dollar, then gained ground to touch 92.41 against the US dollar in initial trade, registering a gain of 10 paise over its previous close.
On Thursday, the rupee settled with a marginal gain of 3 paise at 92.51 against the US dollar.
"An estimated 80–85 per cent of these positions have already been unwound, which means the bulk of this supportive flow is now behind us. In simple terms, the cushion that held the rupee steady is beginning to thin, and this is where the story starts to shift," CR Forex Advisors MD Amit Pabari said.
Pabari further noted that looking ahead, the picture for the rupee appears to be changing. "With most of the NOP-related support now fading and global uncertainties still elevated, the scope for further strength seems limited. USDINR is likely to find a base in the 92.20–92.50 zone, with a gradual move higher towards 93.50–94.00 levels," he said.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was higher by 0.07 per cent at 98.69 as the safe-haven demand has come down after the ceasefire, but as the ceasefire is fragile, the US dollar is getting bids at lower levels.
Brent crude, the global oil benchmark, was trading higher by 0.51 per cent at USD 96.44 per barrel in futures trade, as the ongoing uncertainty over the Strait of Hormuz opening is keeping the oil trade well bid.
Pabari further noted that just as domestic support begins to fade, the global backdrop is turning uneasy again. "The World Bank has flagged that India's growth for FY27, expected at 6.6 per cent, faces risks from rising global tensions, especially the Iran conflict," he said.
According to Pabari, India continues to have strong buffers in the form of forex reserves and a stable banking system, but pressure points are slowly beginning to build.
On the domestic equity market front, the stock markets witnessed a rebound in early trade. The 30-share Sensex jumped 630.08 points to 77,261.73, while the Nifty climbed 203.6 points to 23,978.70.
Foreign Institutional Investors offloaded equities worth Rs 1,711.19 crore on Thursday, according to exchange data.
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