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Rupee plunges to record low of 73.34 against US Dollar

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Mumbai, Oct 3 : The Indian rupee hits all-time low of 73.34 against US dollar in morning trade on Wednesday due to sharp rise in global crude oil prices .

The Reserve Bank of India (RBI) on Monday said that it would pump Rs. 36,000 crore into money markets in October, pledging to buy back government bonds as part of a bid to quell fears of a credit crunch cascading through the economy.

 Crisis-hit IL&FS (Infrastructure Leasing and Financial Services) will be taken over by the government as debt defaults by the infrastructure group have led to fears of contagion in the markets and a liquidity crisis.

The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note during the morning session of the trade.

The Sensex of the BSE opened at 36,602.85 points, which was also its high point. It touched a low of 36,325.15. On Monday, the Sensex closed at 36,526.14 points.

 

The new board, which includes banker Uday Kotak as non-executive chairman, will meet before October 8 and submit a roadmap before the next hearing of the tribunal on October 31.

 

The Sensex is trading at 36,433.25 points down by 98.54 points or 0.27 per cent.

On the other hand, the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 10,982.70 points after closing at 11,008.30 points on Monday.

The Nifty is trading at 10,968.95 points in the morning.
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Bureaucrats ignored 15,000 suggestions says farmers’ body

Badrinarayan, the National General Secretary of the Bharatiya Kisan Sangh, told IANS that farmers’ committees have been formed in about 80,000 villages in the country.

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New Delhi, Sep 28 : When the draft of three important bills related to farmers in the country was being prepared, the Bharatiya Kisan Sangh (BKS), affiliated with the RSS, passed a proposal after consulting 15,000 villages of the country and sent a bouquet of suggestions to the Ministry of Agriculture.

The Bharatiya Kisan Sangh has expressed its displeasure over the neglect of these 15,000 proposals in the farmers’ bills. It is being said that Agriculture Minister Narendra Singh Tomar had reportedly agreed to the proposals. Then why did the Ministry ignore the suggestions? According to the BKS, ignoring suggestions from farmers displays that bureaucrats dominate the Ministry of Agriculture.

The BKS has reiterated the demand from the government to introduce a new law to guarantee the minimum support price (MSP).

Badrinarayan, the National General Secretary of the Bharatiya Kisan Sangh, told IANS that farmers’ committees have been formed in about 80,000 villages in the country.

“The BKS had passed resolutions regarding agriculture bills through committees of 15,000 of these villages. These were made available to the Minister of Agriculture when they met him. Such suggestions were made that would really benefit farmers. The Agriculture Minister also met the delegation and agreed to the suggestions. But later it was discovered that the suggestions were not used in the Bills. This gives out the message that bureaucrats are calling the shots in the Ministry of Agriculture.”

Raising the question, Badrinarayan said that the misdeeds of private players had come to the fore in many parts of the country. In Shimla, many private players had made a fool of millions of farmers in the name of buying apples, while in Nashik, incidents of fraud have come to light. In such a situation, if the government is making parallel arrangements to the mandis, what is the guarantee that farmers will get a fair price?

The BKS believes that the government could have avoided unnecessary ruckus on the Bill if it so wanted.

The government only had to guarantee the minimum support price (MSP) in the Bill. If that were the case, the government would not have to give clarifications through advertisements in newspapers and party leaders repeatedly about the MSP.

Badrinarayan said that the way the three Bills were passed in a hurry and the President also ratified them, shows that the government is no longer in the mood to get on the backfoot on the issue.

In such a situation, the BKS demands a fourth bill guaranteeing MSP. If the government does not get proper assurance, the farmers union will decide on the future course of action.

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Assam’s only woman CM Syeda Anwara Taimur passes away in Australia at 83

A four-time Congress MLA beginning with her first election in 1972, Taimur held portfolios like education before becoming chief minister for a brief period from December 6, 1980 to June 30, 1981.

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Syeda Anwara Taimur

Assam’s first and only woman chief minister Syeda Anwara Taimur passed away in Australia on Monday reportedly due to cardiac arrest. The 84-year-old was staying with her son in Australia for the past four years.

Taimur was in the news in 2018 when her name didn’t appear in the Assam National Register of Citizens. She later informed that her family members may not have applied to get her name included in the list.

“Condolences to the family and well-wishers of former Assam CM Syeda Anwara Taimurji. Her contribution towards Assam’s development will be remembered. May her soul rest in peace,” Prime Minister Narendra Modi tweeted.

A four-time Congress MLA beginning with her first election in 1972, Taimur held portfolios like education before becoming chief minister for a brief period from December 6, 1980 to June 30, 1981.

She was nominated for a Rajya Sabha term in 1988. Taimur joined the All India United Democratic Front (AIUDF) in 2011.

“Saddened to know about the death of former CM Syeda Anwara Taimur-a veteran mass leader who championed the cause of politics with an undertone of people’s development. I convey my heartfelt condolences to the bereaved family members,” Assam Governor Jagdish Mukhi said in a statement.

Assam Chief Minister Sarbananda Sonowal also expressed condolences on the death of the veteran leader, offered condolences to the family and prayed for the departed soul.

“An able administrator and affable people’s person, Syeda Mam was the only woman CM of Assam. A 4-term MLA, she had an illustrious political career spanning over 4 decades. My prayers and condolences,” Assam health and finance minister Himanta Biswa Sarma tweeted.

Congress Assam unit president Ripun Bora and the party leader of opposition in the Assam assembly Debabrata Saikia also expressed condolences at the death of Taimur.

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Scrap new farm laws, Maharashtra Congress appeals to President

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Sushil Kumar SHINDE

Mumbai, Sep 28 : The Maharashtra Congress on Monday called on Governor Bhagat Singh Koshyari and submitted a memorandum addressed to President Ram Nath Kovind, demanding to repeal the new farm laws, officials said.

A high-level delegation of the Congress led by senior leader and former Union Home Minister Sushilkumar Shinde and others met the Governor at the Raj Bhavan to register their protest against the farm Bills, terming these as “anti-farmer laws” which must be scrapped forthwith.

One of the delegation leaders and ex-CM Prithviraj Chavan targeted the ruling Bharatiya Janata Party at the Centre and accused it of implementing the laws “without holding any discussions with the farmers or the people’s representatives”.

Chavan said the Congress will now intensify its agitation by observing October 2 — the birth anniversary of Mahatma Gandhi — as ‘Kisan Mazadoor Bachao Day’ with agitations up to the taluka level all over the state.

Speaking to the media, Chavan accused the Centre of hastily pushing through the bills in the Parliament and “strangulating democracy”.

“These bills (now laws) will destroy the farmers and would only benefit the corporate friends of Prime Minister Narendra Modia. We wanted the bills to be sent before a parliamentary committee for amendment. However, the BJP did not even discuss it with its (ex) ally Shiromani Akali Dal or in the cabinet,” Chavan claimed.

The delegation comprised ministers K.C. Padvi, Yashomati Thakur, MP Suresh Dhanorkar, ex-MP Bhalchandra Mungekar, legislators Kunal Patil Sahasram Korote, Mohanrao Humberde, Rajesh Rathod, and party leaders D.P. Sawant, Anis Ahmed, Amarjit Singh Manhas, Ravindra Dalvi, Atul Londhe and Sushiben Shah, among others.

“We have submitted a memorandum addressed to the President and urged him to reconsider these ‘black laws’ in the interest of the farmers,” Chavan said.

On his part, the Governor assured that he would discuss the issue with the Centre while Chavan said the matter would also be discussed by the Maharashtra Cabinet and the party would continue to protest till the ‘anti-farmer’ laws are revoked.

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