Palestinians return to ruins, US troops land in Israel as ceasefire holds
Gaza City (AP): Tens of thousands of displaced Palestinians returned to their Gaza neighbourhoods Saturday, weaving through dust-shrouded streets as bulldozers clawed through the wreckage of two years of war and a ceasefire held in its second day.
“Gaza is completely destroyed. I have no idea where we should live or where to go,” said Mahmoud al-Shandoghli as he walked through Gaza City. A boy climbed a shattered building to raise the Palestinian flag.
About 200 US troops arrived in Israel to monitor the ceasefire with Hamas. They will set up a centre to facilitate the flow of humanitarian aid as well as logistical and security assistance. The head of the US military's Central Command said he visited Gaza on Saturday to prepare it.
“This great effort will be achieved with no US boots on the ground in Gaza,” Adm. Brad Cooper said in a statement.
An Egyptian official said US envoy Steve Witkoff met with senior US and Israeli military officials in Gaza on Saturday and that Witkoff stressed the implementation of the ceasefire deal's first phase. The official spoke on condition of anonymity because he wasn't authorised to talk to reporters.
Aid groups urged Israel to reopen more crossings to allow aid into Gaza. A UN official, speaking on condition of anonymity to discuss details not yet public, said Israel has approved expanded aid deliveries, starting Sunday.
The World Food Program said it was ready to restore 145 food distribution points across the famine-stricken territory, once Israel allows for expanded deliveries. Before Israel sealed off Gaza in March, UN agencies provided food at 400 distribution points.
Though the timeline and how the food will enter Gaza remain unclear, the distribution points will allow Palestinians to access food at more locations than they could through the US- and Israel-backed Gaza Humanitarian Foundation, which had operated four locations since taking over distribution in late May.
COGAT, the Israeli military body in charge of humanitarian aid, said more than 500 trucks entered Gaza on Friday, although many crossings remain closed.
Some 170,000 metric tons of food aid have been positioned in neighbouring countries awaiting permission from Israel to restart deliveries.
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Sensex, Nifty tumble as Budget proposes to raise Securities Transaction Tax to 0.05 pc on commodity
Mumbai (PTI): Stock market benchmark indices Sensex and Nifty tumbled on Sunday afternoon trade after the Budget proposed to raise Securities Transaction Tax to 0.05 per cent on commodity futures from 0.02 per cent.
The government will tax buyback proceeds for all types of shareholders as capital gains, Finance Minister Nirmala Sitharaman said on Sunday.
After fluctuating in early trade, the 30-share BSE Sensex later bounced back but pared all gains amid the Budget presentation.
It later plunged 2,370.36 points, or 2.88 per cent, to slip below the 80,000-mark to 79,899.42 during the afternoon trade. The 50-share NSE Nifty tanked 748.9 points, or 2.95 per cent, to 24,571.75.
From the 30 Sensex firms, Bharat Electronics tanked 6.50 per cent. State Bank of India, HCL Tech, Tata Steel, Asian Paints, and Eternal were also among the laggards.
Sun Pharma, Sun Pharma, Kotak Mahindra Bank, and Tata Consultancy Services were the gainers.
"The increase in Securities Transaction Tax (STT), especially in futures and options, is likely to act as a marginal negative for foreign portfolio investor (FPI) flows in the near term, particularly for high-frequency and derivative-focused global funds," Aakash Shah, Technical Research Analyst at Choice Equity Broking, said.
Foreign institutional investors bought equities worth Rs 2,251.37 crore on Friday, according to exchange data.
Asian markets are closed on Sunday due to holidays. US markets ended lower on Friday.
On Friday, the Sensex declined 296.59 points, or 0.36 per cent, to settle at 82,269.78. The Nifty dropped 98.25 points, or 0.39 per cent, to end at 25,320.65.
