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India proposes revamp of rural job scheme, dropping Mahatma Gandhi’s name

NEW DELHI, Dec 15 (Reuters) – India has presented legislation to expand a 20-year-old rural employment scheme by boosting the number of guaranteed workdays but opposition leaders challenged plans to remove independence hero Mahatma Gandhi’s name from the programme. The bill would guarantee 125 days of employment a year instead of the current 100 days per household for unskilled manual labour, Prime Minister Narendra Modi’s government said in its parliamentary listing of the measure. It had earmarked 860 billion rupees ($9.5 billion) for the scheme for the current fiscal year that ends on March 31, 2026. The government’s notification to

Gold surges Rs 4,000 to fresh lifetime high of Rs 1.37 lakh/10g in Delhi markets

New Delhi, Dec 15 (PTI) Gold prices surged by Rs 4,000 to touch an all-time high of Rs 1,37,600 per 10 grams in the national capital on Monday, tracking firm global cues, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,33,600 per 10 grams on Friday. “Gold prices scaled even higher as international spot gold surged towards the USD 4,350 zone, triggering a strong rally in the domestic market,” Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities, said. He added that the yellow metal reflected the global

Rupee slumps 25 paise to close at all-time low of 90.74 against US dollar

Mumbai, Dec 15 (PTI) The rupee on Monday crashed to its lowest-ever level of 90.80 before settling at a fresh all-time low of 90.74 (provisional) against the US dollar, registering a loss of 25 paise over its previous close, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows. Forex traders said prevailing risk-averse market sentiment, compounded by strong US dollar demand from importers, further dented investor sentiment. At the interbank foreign exchange, the rupee opened at 90.53 against the US dollar, then lost ground and fell to a record intra-day low of 90.80, registering a

Stock markets close marginally lower on foreign fund outflows, weak rupee; Sensex slips 54 pts

Mumbai, Dec 15 (PTI) Benchmark stock indices Sensex and Nifty pared most of early losses to close marginally down on Monday amid persistent foreign fund outflows and weak global trends. The 30-share BSE Sensex closed lower by 54.30 points, or 0.06 per cent, at 85,213.36. The benchmark opened lower and declined further by 427.34 points, or 0.50 per cent, to hit a low of 84,840.32, but value buying in FMCG and IT shares in the second half helped cut losses. The 50-share NSE Nifty edged lower by 19.65 points, or 0.08 per cent, to 26,027.30. The broader index hit a

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