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Rupee back to losing ways on likely outflows, corporate hedging

MUMBAI, Jan 27 (Reuters) – The Indian rupee resumed its downtrend on Monday, pegged by likely equity outflows and corporate hedging. The rupee quoted at 86.3675 to the U.S. dollar at 11:24 am IST, down from 86.2050 on Friday. The local currency had managed a 0.5% recovery last week, hitting the highest in two weeks, on relief in the emerging market currency space over U.S. tariffs after U.S. President Donald Trump did not immediately levy tariffs on its trading partners. “Each passing day with no tariff-related announcement (for major partners) brings hope that Trump might move slowly on aggressive policies,”

Telangana CM demands withdrawal of draft UGC regulations

Hyderabad, Jan 26 (PTI) Telangana Chief Minister A Revanth Reddy on Sunday said he would see the draft UGC guidelines as an “attack on Constitution” and demanded that the Centre withdraw them. Reddy, who said he is speaking to Chief Ministers of other southern states over the issue, vowed to put up a collective fight. Reddy, who spoke after unveiling a statue of Ambedkar at the BR Ambedkar Open University here, also expressed strong dissatisfaction over the Centre allegedly ignoring the state government’s recommendations in the selection of Padma awards. Though Ambedkar, the chief architect of the Constitution, had outlined

BJP model is to give people’s money as loan to billionaire friends: Arvind Kejriwal

New Delhi [India], January 26 (ANI): Aam Aadmi Party (AAP) national convenor Arvind Kejriwal criticised BJP model of governance, saying that people’s money is given as a loan to billionaire friends and it is waived off after 2-3 years. Comparing BJP model with the welfare model of his party, Kejriwal said, “…On one hand, there is the BJP model where your money is given as a loan to billionaire friends and it is waived off after 2-3 years. The other is the Aam Aadmi Party model which includes 24-hour electricity, and free electricity to the poor. 24-hour free water, best

Farmers hold tractor parade in parts of Punjab in support of their demands

Hoshiarpur/Chandigarh, Jan 26 (PTI) Farmers from various organisations under the banner of the Samyukt Kisan Morcha (SKM) on Sunday took out a tractor parade at multiple locations across Punjab in support of their demands. These demands include a legal guarantee on minimum support price (MSP), which is based on the C2 plus 50 per cent formula given by the Swaminathan committee, a comprehensive loan waiver scheme for farmers and farm workers, no privatisation of electricity, withdrawal of the National Policy Framework on Agriculture Marketing (NPFAM), and debt waiver, among others. Hundreds of farmers, including senior SKM leaders, took part in

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