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No current plan or intention to reconsider or remove ‘socialism’, ‘secularism’ from Preamble: Govt

New Delhi, Jul 24 (PTI) The Union government has “no current plan or intention” to reconsider or remove the words ‘socialism’ and ‘secularism’ from the Preamble of the Constitution inserted during the Emergency period, the Rajya Sabha was informed on Thursday. The House was also told that the government has not “formally” initiated any legal or constitutional process to remove the two words from the Preamble of the Constitution. In a written reply, Law Minister Arjun Ram Meghwal said while there may be discussions or debates in certain public or political circles, “no formal decision or proposal has been announced

Gold declines Rs 1,400 to Rs 99,620/10 g; silver plunges Rs 3,000

New Delhi, Jul 24 (PTI) Gold prices dived Rs 1,400 to Rs 99,620 per 10 grams in the national capital on Thursday due to profit-booking by stockists and a subdued trend in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,01,020 per 10 grams on Wednesday. In the national capital, gold of 99.5 per cent purity fell Rs 1,200 to Rs 99,250 per 10 grams (inclusive of all taxes) on Thursday. It had settled at Rs 1,00,450 per 10 grams in the previous market session. “Gold

Rupee rises 1 paisa to close at 86.40 against US dollar

Mumbai, Jul 24 (PTI) The rupee pared its initial gains and settled for the day 1 paisa higher at 86.40 (provisional) against the US dollar on Thursday, as risk aversion in global markets and an overnight recovery in crude oil prices dented investors’ sentiments. Forex traders said uncertainty over the India-US trade deal has been an overhang for the forex market, leaving the rupee trading in a tight range. Moreover, a negative trend in domestic equities and foreign fund outflows weighed on investors’ sentiments and restricted the upmove of the local unit. At the interbank foreign exchange, the domestic unit

Sensex tanks 542 points dragged down by blue-chip stocks, foreign fund outflows

Mumbai, Jul 24 (PTI) Equity markets fell on Thursday, with the benchmark Sensex tumbling 542.47 points, amid profit-taking in blue-chip stocks and continuous foreign fund outflows. Despite a positive start, the 30-share BSE Sensex failed to carry forward the momentum and fell later in the trade. The benchmark tanked 542.47 points, or 0.66 per cent, to settle at 82,184.17. During the day, it tumbled 679.42 points, or 0.82 per cent, to 82,047.22. The 50-share NSE Nifty dropped 157.80 points, or 0.63 per cent, to 25,062.10. From the Sensex firms, Trent, Tech Mahindra, Bajaj Finserv, Reliance Industries, Infosys, Kotak Mahindra Bank,

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