The background of new ministers – Brief note
Bengaluru: 25 new ministers from Congress and JDS, who took the oath on Wednesday, have been inducted in the cabinet of the Congress-JDS coalition.
At a simple ceremony held at Rajbhavan's glass house on Wednesday at 2:12 pm, Governor Vajubhai Vala observed the oath of the new ministers.
Here is the brief information about the ministers who took the oath today.
HD Ravanna
HD Revanna, the second son of the former prime minister and JDS chief HD Deve Gowda, has been elected from Hollenarasipura Assembly constituency for the fourth time. He has served as Minister of Fertilizer and Public Works, and also the president of Karnataka Milk Federation (KMF).
CS Putharaju
CS Puttaraju is representing the Melukote assembly constituency in Mandya district, and earlier served as MP. He has also served as MLA from Pandawapur constituency but for the first time becoming a minister.
SR Mahesh
S Ramesh, who has been elected as an MLA for the third time from KR Nagar constituency in Mysore district, has sworn in as a minister for the first time in Chief Minister Kumaraswamy's cabinet.
GT Deve Gowda
Mysore district's Chamundeshwari Assembly constituency's representative has previously worked as a minister. He also served as the Chairman of the Karnataka House Board in 2007. Deve Gowda has defeated Siddaramaiah, and he is the senior legislator.
Bandeppa Kashmipur
Bhedappa Kashmepur, a legislator from Bidar district south constituency, had previously served as Agriculture Minister during the Congress-JDS coalition government and lost the 2013 election. This time he is a minister again, and he has vast experience.
Venkatrao Nadagowda
Venkatrao Nadagowda, representing the Sindhnur assembly constituency in Raichur district has been elected as MLA twice but got the ministership for the first time in the Congress-JDS coalition government.
SR Srinivas (Vasu)
SR Srinivas, who represents the Gubbi assembly constituency in Tumkur district, is the senior legislator and becoming minister for the first minister. He made headlines by releasing a CD related to ‘operation Kamala' during the BJP government.
D.C.Thammanna
D.C. Thammanna is representing the Maddur assembly constituency in Mandya district. Thammanna is a senior legislator and becoming the minister for the first time.
MC Managoli
MC Managuli, who represents the Sindhagi assembly constituency in Vijayapur district, has been sworn in as the first minister.
- Mahesh
- Mahesh, the first time MLA from the Bahujan Samaj Party (BSP) from Kollegal constituency in Chamarajanagar district, has taken oath as a minister for the first time.
DK Shivakumar
DKS has been elected legislator from Satnur and Kanakapura constituency in Ramanagara district from 1989 to 2018 for seven times. Shivakumar was a minister in the governments of SM Krishna and Siddaramaiah. He now takes the oath as minister for the third time.
RV Deshpande:
RV Deshpande, who has been elected for the eighth time as MLA from Haliyal Assembly constituency in Uttara Kannada district, was Minister of Industry from 1994 to 2004. He was in Janata Parivar till 1999 and later joined the Congress. Deshpande served as Minister of various departments in the Siddaramaiah Government.
Krishna Byre Gowda:
Krishna Byre Gowda, who has been elected as MLA for the third consecutive term from 2008 to 2018 from Bengaluru's Byatarayanpura constituency, has served as Minister in Siddaramaiah government and now sworn in as minister for the second time.
Rajasekhar Patil:
Raj Shekhar Patil, who has been elected as a legislator for the third consecutive time from Bidar's Humnabad constituency, sworn-in as the minister for the first time.
Shankar:
- Shankar, who has been elected MLA as an independent candidate from the Ranebennur constituency in Haveri district for the first time, has served as the Deputy Mayor of the Bangalore City Corporation earlier. He is now sworn in as a minister.
BZ Zameer Ahmad Khan:
Zamir Ahmed Khan, who was elected for the first time in 2005 in the Chamarajpet constituency's by-polls, has since then won consecutively till 2018, and he is now four-time MLA. For the first time, he had become a minister in the JDS-BJP coalition government in 2006, and now he took oath as minister for the second time.
Ramesh Jarakihili:
Ramesh Jarkiholi, who has been elected legislator for the fourth time from the Gokak assembly constituency in Belgavi district, has served as Minister in the Siddaramaiah government and has now sworn-in for the second time.
Jayamala:
Jayamala, a multilingual actress, was nominated as MLC by the Siddaramaiah government in 2014 whose tenure ends in June 2020. She has now sworn-in as Minister for the first time.
UT Khader:
UT Khader, who has been elected for the fourth consecutive time from the Mangalore assembly constituency in Dakshina Kannada district, has served as a minister in the Siddaramaiah government and has now sworn-in as minister for the second time.
KJ George:
KJ George, who has been elected legislator for the seventh time from Bharati Nagar and Sarvagnanagar constituency in Bengaluru, has previously served as Minister in the governments of Virendra Patil, Bangarappa, SM Krishna and Siddaramaiah. Now he is becoming minister for the fifth time.
Puttarangashetty:
Puttarangeshetty, the third time MLA from the Chamarajanagar constituency of Chamarajanagar district, is the only representative of most backward and lowest minority community in the state Uppara Community. He is becoming minister for the first time.
Priyank Kharge:
Priyank Kharge, who has been elected legislator for the second time from Chittapura assembly constituency in Kalaburgi district, is the son of Loka Sabha Congress leader Mallikarjun Kharge. He has served as a minister in the Siddaramaiah government and is now sworn-in for the second time.
Venkata Ramanappa:
Venkataramappa, who had won the Pavagada Assembly seat of Tumkur district in 2008 as an independent candidate, had served as the first minister in the Yeddyurappa-led BJP government. He is now sworn-in as minister for the second time after winning assembly polls in 2018.
NH Shivashankar Reddy:
Sivasankar Reddy, who has been winning the assembly polls from 1999 to 2018, is now fifth time MLA from the Gauribidinur assembly constituency in Chikkaballapur district. For the first time, he is becoming a minister.
Shivanandapatil:
Sivananda Patil, who has been elected MLA for the six consecutive terms since 1994 from Basavana Bhagewadi constituency in Vijayapur district, has sworn in as minister for the first time.
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Rupee strengthens past 90/USD level in early trade
Mumbai (PTI): The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices.
Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India.
Moreover, crude oil prices hovering around USD 59 per barrel level supported market sentiment.
ALSO READ:Rupee trades in narrow range against US dollar in early trade
At the interbank foreign exchange market, the rupee opened at 90.19 against the US dollar, then gained some ground and touched 89.96 against the US dollar, registering a gain of 24 paise over its previous close.
In initial trade it also touched 90.22 against the American currency. On Thursday, the rupee appreciated 18 paise against the US dollar to close at 90.20 against the greenback.
The rupee sank to a fresh record low, breaching the 91-a-dollar mark for the first time on Tuesday.
"Since the speculators are out of the market the buying of US dollar syndrome has come down a bit though intra-day we could see spikes," said Anil Kumar Bhansali Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
The US CPI came lower than expected but was also due to non-collection of sufficient data and therefore, the next month’s CPI becomes more important, Bhansali said, adding that "Rupee remains in a range of 90-90.50".
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent higher at 98.46.
Brent crude, the global oil benchmark, was trading lower by 0.27 per cent at USD 59.66 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex climbed 375.98 points to 84,857.79, while the Nifty was up 110.60 points to 25,934.15.
Foreign Institutional Investors purchased equities worth Rs 595.78 crore on Thursday, according to exchange data.
Meanwhile, Economic Advisory Council to the Prime Minister (EAC-PM) member Sanjeev Sanyal on Thursday said he is not concerned about the rupee at all, arguing that even China and Japan witnessed exchange rate weaknesses during their high growth phases.
Speaking at 'Times Network's India Economic Conclave 2025', Sanyal said since the 90s, the rupee has mostly been allowed to find its own level, but the RBI uses its reserves to intervene in either direction to stop excessive volatility.
"I am not concerned about the rupee at all... Let me say that the rupee and its current weakness should not be necessarily conflated with some economic worry, because historically, if you go over time, you will see that economies that are in their high growth phase very often go through a phase of exchange rate weakness," he said.
