Let UT Khader get important portfolio
Mangaluru, May 21: The demand for deputy chief minister’s position to North Karnataka in the JDS-Congress combine is becoming stronger. This demand is justifiable. If the North Karnataka needs equal share in the development, it should get the post of deputy chief minister.
In the same way, Coastal Karnataka is also important place for the Congress. Interestingly, the Congress has only three MLAs from the entire Coastal Karnataka and out of 13 constituencies in Dakshina Kannada and Udupi districts, the Congress has got only one seat. In the last Assembly election, the Congress had 10 MLAs, but this time it has reduced to one.
It is said that Hindutva and Modi wave has worked behind this result. If it is true, UT Khader is the only person who swam against these two waves to become MLA. With this, Khader has saved the face of the Congress in the Coastal area.
Facing all challenges, Khader has won for the fourth time in a row. For this, the Congress has to encourage him. In order to induce confidence among party workers, Khader should be given an important portfolio. In the last government, Khader has drawn the attention of the entire state through his work and efficiency as the Minister of Food and Civil Supplies department. He is able to handle any portfolio if given.
His plus point is that he takes people of all religions together. Even in the election, he has taken people from all communities into confidence due to which, he was supported by all sections of people. For this reason, he should be given an important portfolio as the party would require him more.
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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.
