No matter how many times PM Modi counts achievements, inflation is skyrocketing: Cong

Congress leader Jairam Ramesh on Tuesday lashed out at the BJP-led Central government over inflation and unemployment.

Published Date – 01:39 PM, Tue – 12 September 23


No matter how many times PM Modi counts achievements, inflation is skyrocketing: Cong



New Delhi: Congress leader Jairam Ramesh on Tuesday lashed out at the BJP-led Central government over inflation and unemployment, and said “no matter how many times Prime Minister Narendra Modi counts achievements, inflation is skyrocketing”.

He also said that instead of taking some concrete measures, the government is only trying to divert attention from these issues.

In a post on X, Ramesh, who is also the party’s general secretary said, “No matter how many achievements the Prime Minister and his ecosystem count, the reality is that the government has failed to control inflation. Just look at this report – Thali has become costlier by 24 per cent in one year.

“On one hand, unemployment is breaking records. On the other hand, inflation is skyrocketing. And instead of taking some concrete measures, the government is only trying to divert attention from these issues,” he said, attaching a news report.

The Congress has been attacking the government over the issue of inflation and unemployment.

Strong bull run has further scope of upside movement in coming days

Nifty witnessed a strong session to create history touching the psychological and important 20,000 landmark during the intraday session

Published Date – 12:35 PM, Tue – 12 September 23


Strong bull run has further scope of upside movement in coming days



New Delhi: Nifty witnessed a strong session to create history touching the psychological and important 20,000 landmark during the intraday session ending on a positive note with much upside potential visible from here on till 20,400 levels as the initial target, says Vaishali Parekh, Vice President of Technical Research at Prabhudas Lilladher.

The broader markets have indicated tremendous strength with the ongoing strong bull run and has further immense scope of upside movement in the coming days, Parekh said, adding the support for the day is seen at 19,850 levels while the resistance is seen at 20,150 levels.

V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the optimism regarding India’s growth prospects in a low-growth world and a fast decelerating China has triggered this rally enabling the Nifty to cross the psychological 20,000 mark.

FIIs, also, have joined the party with a buy figure of Rs 1,473 crore after five days of continuous selling in the cash market, he said, adding that the fact that FIIs have made this purchase when the US 10-year yield is at 4.29 per cent indicates that the ‘FOMO’ (Fear Of Missing Out) factor is driving their decision.

The participation of the fairly valued large banking stocks and RIL make this rally healthy even when the overall market valuation is turning expensive. Investors should avoid the frothy segments of the mid-and small-caps.

In the near-term the market is likely to consolidate around the present levels, he said. BSE Sensex is up 47 points at 67175 points on Tuesday. L&T has the strongest gains, up 3 per cent.

Rupee rises 10 paise to 82.93 against US dollar in early trade

The rupee appreciated by 10 paise to 82.93 against the US dollar in early trade on Tuesday tracking a positive trend

Published Date – 11:35 AM, Tue – 12 September 23


Rupee rises 10 paise to 82.93 against US dollar in early trade



Mumbai: The rupee appreciated by 10 paise to 82.93 against the US dollar in early trade on Tuesday tracking a positive trend in domestic equities and foreign fund inflows.

Forex traders said the rupee is trading in a narrow range as the soft US dollar and positive domestic markets provided support, while concerns over global economic slowdown and rising expectations of a rate hike by FOMC amid strong economic data from the US may cap sharp gains for the local unit.

At the interbank foreign exchange, the domestic unit opened at 82.93, registering a rise of 10 paise over its last close.
On Monday, the rupee closed on a flat note at 83.03 against the American currency.

In the initial trade, the rupee also touched a low of 83.00 against the greenback.

“Major crosses have been weighed down in the last few weeks following broader strength in the dollar. Safe haven buying in the greenback is witnessed also as economic concerns in China continue to weigh on the overall market sentiment,” Gaurang Somaiya, forex and bullion analyst at Motilal Oswal Financial Services, said.

Somaiya further said that “we expect the USDINR (Spot) to trade sideways and quote in the range of 82.80 and 83.20”.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell marginally by 0.02 per cent to 104.55.

Brent crude futures, the global oil benchmark, rose 0.39 per cent to USD 90.99 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 310.36 points or 0.46 per cent higher at 67,437.44. The broader NSE Nifty advanced 80.40 points or 0.4 per cent to 20,076.75.

Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Monday as they purchased shares worth Rs 1,473.09 crore, according to exchange data.

ED raids 10 places linked to arrested TN Minister Senthil Balaji

Enforcement Directorate (ED) was conducting raids at ten places linked to the arrested Tamil Nadu Minister, Senthil Balaji

Published Date – 10:25 AM, Tue – 12 September 23


ED raids 10 places linked to arrested TN Minister Senthil Balaji



Chennai: The Enforcement Directorate (ED) was conducting raids at ten places linked to the arrested Tamil Nadu Minister, Senthil Balaji.

The raids were being conducted at the residences and office premises of people who are close to the arrested minister in Coimbatore, Karur and Tiruchi. Senthil Balaji is lodged in Puzhal central prison after he was arrested by the ED on June 14 after raids at his official residence and office in secretariat.

The minister was interrogated and arrested by the ED following money laundering in a job-for-cash scam while he was minister in the previous AIADMK government.

Balaji had immediately after his arrest complained of chest pain and was taken to Omandurar government hospital from where it was diagnosed that he had three blocks in his Coronary artery and doctors preferred a surgery to remove the blocks.

The minister had, however, insisted on conducting the surgery in a private hospital and moved the Madras High Court for the same and got a favourable order. He was operated upon at Kaveri hospital and after his recovery he has been lodged at the medical ward in Puzhal central prison.

The ED has also conducted raids in the premises of Tamil Nadu higher education minister and senior DMK leader, K. Ponmudi.

AIMC files plea against preservation of evidence in Gyanvapi survey

AIMC has filed an objection in the Varanasi district court against the application of four Hindu women seeking preservation of evidence found

Published Date – 09:20 AM, Tue – 12 September 23


AIMC files plea against preservation of evidence in Gyanvapi survey



Varanasi: The Anjuman Intezamia Masjid Committee (AIMC), which manages the Gyanvapi mosque, has filed an objection in the Varanasi district court against the application of four Hindu women seeking preservation of evidence found during the court-mandated survey of the mosque in May 2022 and those found during the ongoing survey by the Archaeological Survey of India (ASI).

The ASI has been conducting a survey in the barricaded area of the Gyanvapi mosque premises, excluding its sealed section, since August 4. The survey was ordered to determine whether the 17th-century mosque was constructed over a pre-existing structure of a Hindu temple. Four women, the plaintiffs number 2 to 5 of Shringar Gauri-Gyanvapi case, filed the application last week urging the court to pass an order to preserve all the evidence found in Gyanvapi in ‘Malkhana’ (store house).

The court fixed Wednesday as next date of hearing in the matter. The AIMC counsel filed the objection against the plea. Advocate Akhlaque Ahmad said they had filed the objection on Monday. In its objection, the AIMC said: “The plaintiff numbers 2 to 5 have filed the application in the court on the basis of baseless facts. No idol, article or artefacts were found during the court- mandated advocate commissioner’s survey proceedings conducted last year. Survey is being conducted by the ASI on Gyanvapi mosque premises.”

“Till now, the ASI has not submitted any report about what has been found during the survey. In such a situation, the so-called ancient articles of Hindu mentioned in the application by the plaintiffs are their brainchild.” The committee said the claim made by the plaintiffs in their plea was against the truth. Therefore, the application deserved to be rejected, it said.

US welcomes India’s move of reducing tariffs on agricultural product

The United States has welcomed the recent Indian move to reduce tariffs on several American agricultural products

Published Date – 08:20 AM, Tue – 12 September 23


US welcomes India’s move of reducing tariffs on agricultural product



Washington: The United States has welcomed the recent Indian move to reduce tariffs on several American agricultural products.

Last week, India agreed to reduce tariffs on certain US products, including frozen turkey, frozen duck, fresh blueberries and cranberries, frozen blueberries and cranberries, dried blueberries and cranberries, as well as processed blueberries and cranberries.

These tariff cuts will expand economic opportunities for US agricultural producers in the critical market and help bring more products from the United States to customers in India, US officials said.

Welcoming the announcement, US Agriculture Secretary Tom Vilsack said the move will create new market opportunities for US producers and exporters.

“Under the Biden-Harris Administration, USDA (US Department of Agriculture) and USTR (United States Trade Representative) have focused on rebuilding trust and strengthening relationships with our global trading partners, including India, and working through the World Trade Organization and other venues to ensure that those partners live up to their obligations so that US agriculture has full and fair access to key export markets,” Vilsack said.

The recent move follows the lifting of India’s retaliatory tariffs on US apples, chickpeas, lentils, almonds and walnuts, a development that was announced earlier this summer and took effect this week.

“While important progress has been made, significant tariff and non-tariff barriers to American agricultural products accessing the Indian market remain,” Vilsack said.

Senator Amy Klobuchar in a statement welcomed the agreement to lower tariffs on US turkey exports to India. The agreement will lower tariffs on frozen turkey products exports to India from 30 per cent to 5 per cent, she said.

“For too long, high tariffs have prevented American turkey farmers from exporting their products to India,” Klobuchar said.

“That’s why I pushed for a resolution to create an even playing field and reduce trade barriers for American turkey farmers and producers, and I’m glad to see this agreement has been reached,” Klobuchar said.

In a separate statement, Senators Mark Warner and Tim Kaine said this move will help strengthen the strong partnership between India and the US while generating increased demand for Virginia poultry and supporting economic activity in the Valley.

In 2021, Virginia was the sixth largest turkey source in America after producing 14.5 million birds.

Turkey production plays a key role in Virginia’s poultry industry, which provides a direct economic impact of USD 5.8 billion and contributes USD 13.6 billion in economic activity in the State.

“The National Turkey Federation applauds the efforts by the US and Indian governments to significantly reduce the tariffs. This move creates an important new market for US turkey producers and will give Indians more affordable access to a nutritious, delicious protein,” said Joel Brandenberger, president and CEO of the National Turkey Federation.

“NTF congratulates the Office of the US Trade Representative and the leadership of USDA on this accomplishment, and we thank Senators Mark R. Warner and Thom Tillis for spearheading congressional efforts to ensure US turkey growers are able to effectively compete in this fast-growing marketplace,” he said.

Mamata on 11-day tour of Spain, Dubai from Tuesday

Mamata Banerjee said she will attend business summits and hold meetings with several businessmen during her 11-day tour of Spain and Dubai to attract investments to the state.

Published Date – 10:03 PM, Mon – 11 September 23


Mamata on 11-day tour of Spain, Dubai from Tuesday



Kolkata: West Bengal Chief Minister Mamata Banerjee on Monday said she will attend business summits and hold meetings with several businessmen during her 11-day tour of Spain and Dubai to attract investments to the state.

Speaking to reporters at the state secretariat Nabanna, Banerjee said she will leave for Dubai on Tuesday morning, where she will spend the night due to the unavailability of connecting flights, before flying to Spain‘s capital Madrid the next day.

“We will stay in Madrid for three days, during which we will attend a business summit and meet non-resident Bengalis. From there, we will take a train to Barcelona, where we will participate in a two-day meeting for the Bengal Global Business Summit (BGBS),” she said.

She said this will be her first foreign tour in five years as the Centre “had not given her necessary permission earlier”.

“I am going (abroad) after five years. We did not get the necessary permission in the last five years. There are several invitations… I do not want to go to far-off places so that I can return quickly in case of any emergency,” she said.

Banerjee will be accompanied by Chief Secretary H K Dwivedi and senior office-bearers of renowned Kolkata football clubs Mohun Bagan, East Bengal and Mohammedan Sporting.

She said former Indian cricket team captain Sourav Ganguly will join her team in Madrid.

“Spain was the theme country of this year’s International Kolkata Book Fair, and it also participated in our film festivals. They are good in (apparel) manufacturing. We hope they will participate in this year’s BGBS,” she said.

Banerjee said she and her team will return to Dubai, where one meeting on BGBS and some other meetings are scheduled.

“We will stay in Dubai for one-and-half days before returning to Kolkata on September 23,” she said.

On whether she will meet any office-bearer of any football club during her stay in Barcelona, which is known to be the home of several world-famous football clubs, Banerjee said, “Let there be some surprises. When I am going there, I want to do something for Bengal.” Sources in the state government said Banerjee may meet La Liga president Javier Tebas during her stay in Barcelona.

Banerjee urged the people of the state to take proper measures to diffuse any attempts to disrupt law and order during her absence and said that she has held meetings with senior officials and given necessary instructions to them.

BJP CEC meet likely on Sep 13 to discuss nominees for Raj, MP polls

The BJP is expected to hold deliberations on the names of candidates to be included in the second list for the Madhya Pradesh polls, and in the first list for the Rajasthan Assembly elections

Published Date – 06:00 AM, Tue – 12 September 23


BJP CEC meet likely on Sep 13 to discuss nominees for Raj, MP polls

The BJP is expected to hold deliberations on the names of candidates to be included in the second list for the Madhya Pradesh polls, and in the first list for the Rajasthan Assembly elections

New Delhi: The Central Election Committee (CEC) of Bharatiya Janata Party (BJP) is likely to hold a meeting on September 13 to discuss the candidates for the upcoming Rajasthan and Madhya Pradesh Assembly elections.

A source said the meeting would be attended by Prime Minister Narendra Modi and BJP president J.P. Nadda, Home Minister Amit Shah, party General Secretary (organisation) B.L. Santhosh, among other party CEC members.

The BJP is expected to hold deliberations on the names of candidates to be included in the second list for the Madhya Pradesh polls, and in the first list for the Rajasthan Assembly elections.

On August 17, the party announced 21 candidates for the Chhattisgarh polls and 39 nominees for the Madhya Pradesh elections. Nadda and Shah held a meeting with Madhya Pradesh Chief Minister Shivraj Singh Chouhan, state unit BJP chief V.D. Sharma and other leaders ahead of the CEC meeting.

Nadda on Sunday met Rajasthan election in-charge, Union Minister Pralhad Joshi, party’s state unit chief C.P. Joshi, former chief minister Vasundhara Raje, and Rajasthan in-charge & national general secretary Arun Singh. Also, on Monday, C.P. Joshi and Arun Singh met Nadda along with former Congress MP Jyoti Mirdha, and Sawai Singh Choudhary, who joined the saffron party of September 11.

College student run over by train in Nagpur

A 19-year-old collegian was run over a by a train in Sadar area of Nagpur on Monday, a police official said.

Published Date – 10:10 PM, Mon – 11 September 23


College student run over by train in Nagpur



Nagpur: A 19-year-old collegian was run over a by a train in Sadar area of Nagpur on Monday, a police official said.

The incident took place near Goa Colony in Mangalwari and the deceased has been identified as Harsh Dhamgaye, the official said.

“He was walking along the tracks to reach college at around 9:30am. He fell on the tracks and was run over by a train some time later. An accidental death case was registered,” the Sadar police station official said.

Noida man hid at residence after killing wife, arrested before fleeing country: Police

A man has been arrested for strangulating his wife to death in their residence in Noida Sector 30, police said on Monday.

Published Date – 10:25 PM, Mon – 11 September 23


Noida man hid at residence after killing wife, arrested before fleeing country: Police



Noida: A man has been arrested for strangulating his wife to death in their residence in Noida Sector 30, police said on Monday.

According to police, Nitin Nath Singh, the accused, was hiding inside the store room of the house, where the woman’s body was found.

“Yesterday evening between 4-5 pm we received information that body of a woman is lying at her home in Noida Sector 30. The information was given by the brother of the woman,” Noida Deputy Commissioner of Police Harish Chander said.

As per his complaint, the police officer said, we registered an FIR and after intensive search, her husband Nitin Nath Singh was arrested at around 2 am. The police said that passports have been seized from his possession which apparently pointed out that the accused was planning to flee the country.

“The husband confessed that he wanted to sell off a property to which his wife was opposing and this led to a fight between a duo and he strangulated her to death”, DCP Chander added.

Nitin Nath will be produced before the court today and further information is awaited.