State govt supports opening of fisheries university: CM Siddaramaiah at World Fisheries Day event
Bengaluru: Karnataka Chief Minister Siddaramaiah, who inaugurated the ‘World Fisheries Day’ and ‘Matsya Mela 2025’ (Fisheries Festival) events organized by the Fisheries Department on Saturday, has announced that the state government would support the opening of a Fisheries University.
“The coastal line of Karnataka stretches up to 320 kilometres as well as 5.5 lakh hectares of inland water resources. The state ranks third in the country in fish production and fourth in fish export. Fishing is the source of livelihood of 10 lakh people of Karnataka,” he said.
Siddaramaiah added, “The annual supply limit of diesel for the mechanized boats has been increased from 1.5 lakh litres to 2 lakh litres since our government came to power. Kerosene for native boats is being provided at a discount rate of Rs 35 per litre.”
The CM lauded the efforts of Fisheries Minister Mankal Vaidya in the development of the Fisheries Department and the families of fishermen.
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
