Will remain Chief Minister as long as high command has confidence in me: B S Yediyurappa
Bengaluru: Amid speculations about a leadership change in Karnataka, Chief Minister B S Yediyurappa on Sunday said he will continue in the top post as long as the BJP high command has confidence in him and he had no confusion about it.
The Chief Minister also said, he won't agree that there was no alternate leader to replace him in the state BJP.
"...as long as the Delhi high command has confidence in me, I will continue as the Chief Minister. The day they will say they don't want me, I will resign and work day and night for the development of the state," Yediyurappa said in response to a question on attempts to replace him.
Speaking to reporters here, he said, "I'm in no confusion. They (high command) have given me an opportunity, I'm trying beyond my strength to utilise the opportunity for good. Rest is left for the high command."
Responding to a question on "alternate leadership" to him, Yediyurappa said, "I will not criticise anyone. I won't agree that there is no alternate person. There will always be alternate persons in the state and the country, so I won't agree that there are no alternate persons in Karnataka, but until the high command has confidence in me I will continue as the Chief Minister."
This is possibly the first time that the 78-year old Lingayat strongman has spoken in detail on the issue of leadership change and regarding an alternate leader to replace him in the state BJP, ever since speculations began in this regard.
Speculations have been rife for some time now that efforts were on, within the ruling BJP to exert pressure for unseating Yediyurappa.
The recent visit by state Tourism Minister C P Yogeeshwara and Hubballi-Dharwad West MLA Arvind Bellad to Delhi, reportedly with an intention to meet the high command and express the feelings of some legislators against Yediyurappa's style of functioning and request them to rein in the Chief Minister, had given credibility to such speculation.
Also, citing certain decisions taken by the government, its handling of the COVID crisis and alleged instances of corruption, a few MLAs were said to be pushing for convening a legislature party meeting.
However, state BJP President Nalin Kumar Kateel and Union Minister of Parliamentary Affairs Pralhad Joshi had ruled out leadership change and had said that Yediyurappa will complete the term.
Several legislators considered close to the Chief Minister too had rallied around him questioning the need for such a change and asserted that the veteran leader will complete the term and will even lead the party during the next polls two years away.
Yediyurappa's son and state BJP vice-president B Y Vijayendra had recently visited Delhi and met top party leaders including national President J P Nadda and had reportedly requested to rein in dissidents.
Leaders like MLA Basanagouda Patil Yatnal and MLC A H Vishwanath, have been embarrassing the government with their statements, Tourism Minister C P Yogeshwar recently got added to the list.
Vijayendra's alleged interference in the administration is seen as one of the main reasons for growing disgruntlement against Yediyurappa's leadership within the party, the allegation which the Chief Minister's younger son has repeatedly rejected.
Earlier too there has been intense speculation in some quarters that the BJP high command is mulling leadership change in Karnataka in the days to come considering Yediyurappa's advancing age.
There is an unwritten rule in the BJP that leaders above 75 years should not hold ministerial positions.
Though the BJP had officially rejected outright such speculation in the past, it refuses to die down, with some within the party like senior MLA Yatnal giving credence to it with his statements, setting repeated deadlines for Yediyurappa's exit.
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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.
