Elon Musk calls for US government to 'delete entire agencies'
Dubai (AP): Elon Musk called Thursday to “delete entire agencies” from the United States' federal government.
Musk has consolidated control over large swaths of the government with President Donald Trump's blessing since assuming leadership of the Department of Government Efficiency. That's included sidelining career officials, gaining access to sensitive databases and inviting a constitutional clash over the limits of presidential authority.
Musk made the comments to the World Governments Summit in Dubai, United Arab Emirates.
Musk, the world's wealthiest person through his investments in SpaceX and electric carmaker Tesla, wore a black T-shirt that read: “Tech Support.” He also joked that he was the “White House's tech support,” borrowing from his profile on the social platform X, which he owns.
“I think we do need to delete entire agencies as opposed to leave a lot of them behind,” Musk said. “If we don't remove the the roots of the weed, then it's easy for the weed to grow back."
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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.
