Note ban: Kerala shuts down, protests held across India

November 28, 2016

Bengaluru, Nov 28: Normal life was hit in Kerala on Monday as the ruling CPI-M led LDF sponsored 12-hour strike against demonetisation evoked a near total response. Shops and business establishments downed shutters and state-run KSRTC and private buses kept off the roads across the state in response to the strike which began at 6 AM.CPI-M

The Left Democratic Front took out marches at various places with state CPI-M Secretary Kodiyeri Balakrishnan here attacking the Centre for causing 'hardship' to the people in the name of its crackdown on blackmoney.

The Opposition Congress-led UDF, which did not participate in the hartal, took out a march to the Raj Bhavan instead to register its protest against the Centre's decision to scrap high value notes and consequent crisis in the state's cooperative sector. The UDF protesters were arrested, police said.

Banks functioned with reduced staff strength, while attendance in the state Secretariat and various government offices was thin, reports received here said. Two wheelers and private cars were seen plying, while autorickshaws too kept off the roads at most places.

With the Sabarimala pilgrim season on, Ranni, Chittar, Seethathode panchayats in Pathanamthitta district and Erumeli panchayat in Kottayam district have been exempted from the strike as also Tripunithura and Chottanikkara in Ernakulam where local temple festivities are on. Tourist vehicles have also been exempted from the hartal. Police vehicles helped in transporting railway passengers and patients coming from far off places to the Regional Cancer Centre here.

Karnataka

Joining the nation-wide 'Jan Aakrosh Diwas' against demonetisation of high value currency, ruling Congress in Karnataka held protests and rallies throughout the state against the Narendra Modi government's action. The protest affected the functioning of both the Houses of Karnataka Legislature, now in a 10-day winter session at Belagavi, as they did not sit today in line with the decision taken by the Business Advisory Committee (BAC).

BAC had decided to suspend the sitting amid opposition by BJP, which walked out of the meeting on Friday. Life in Bengaluru and elsewhere remained normal with commercial establishments, educational institutions, banks and private offices working as usual and public transport and Metro maintaining their regular services.

Official reports said barring protests by Congress, the situation in the entire state, including the districts of Mysuru, Gadag, Haveri, Belagavi, Kalaburgi, Chamrajanagar, Dharwad, Uttara Kannada and Kolar, was normal. In Bengaluru, Congress staged a demonstration in front of Town Hall near City Market at the nucleus of the city, where State Working President R Gundu Rao, a few legislators and local leaders took part.

Andhra Pradesh

Opposition parties organised widespread protests across Andhra Pradesh against the Centre's demonetisation move but no bandh as such was observed in the state even as leaders of CPI and YSRC were detained at some places following demonstrations. Congress's state unit president N Raghuveera Reddy led his party workers in a protest rally from Andhra Ratna Bhavan to Lenin Centre.

"We are not against the scrapping of Rs 500 and Rs 1000 notes but why did the government introduce Rs 2000 note," Raghuveera said. He said the common man was put to untold misery because of the "abrupt" decision of the Centre to ban the high denomination notes. CPI state secretary K Ramakrishna and others were taken into custody at the Lenin Centre where they staged a protest on the demonetisation issue.

In Tirupati, YSR Congress leader Bhumana Karunakar Reddy and others were taken into custody. In Guntur city too YSRC leaders, led by West MLA Mustafa, were detained by police following a protest rally. YSRC leaders and workers were also taken into custody in many other districts of the state where protests were held. Left-affiliated trade unions organised dharnas in front of many bus depots of AP State Road Transport Corporation in the state.

Bihar

The nationwide strike call against demonetisation evoked mixed reaction in Bihar where workers of RJD, Congress and Left parties disrupted train services at many places but offices and schools registered normal attendance.

The protest had its echo in both Houses of the Bihar legislature where legislators of Congress, RJD and CPI-ML raised slogans against scrapping of Rs 1,000 and Rs 500 notes.

BJP legislators countered them by raising slogans against them and in favour of demonetisation.

JD(U), a member of the ruling alliance, kept away from the stir in view of Chief Minister Nitish Kumar's consistent support to demonetisation of high value notes to fight black money in the economy.

Congress, RJD and CPI-ML took out a protest march on the streets of Patna and stalled traffic movement at some places.

Road traffic was, however, normal and attendance in offices, banks and schools and colleges remained by and large unaffected.

Train services were hit at Darbangha, Madhubani, Masauri in rural Patna, Ara, Jehanabad and other places. Chief Public Relations Officer (CPRO) of East Central Railway Arvind Kumar Rajak said running of more than a dozen trains was disrupted in different parts of Bihar due to the stir.

In Darbhanga, Ara, Masaurhi and Madhubani, CPI workers squatted on railway tracks.Outside Bihar Legislative Assembly and Legislative Council, bandh supporters from RJD, Congress and CPI-ML, holding placards in their hands, shouted slogans at the entrance gate.

Haryana and Punjab

Opposition parties including Congress today staged a protest against the government over demonetisation issue at many places in Haryana and Punjab as part of the 'Jan Aakrosh Divas' observed across the country, even as normal life remained unaffected. Raising slogans, they demanded steps to ease the problems being faced by the people due to the demonetisation drive.

In Hisar, a large number of Congress activists took out a procession. They gathered outside Nagori Gate and later marched out in various bazaars (marketplaces). Jaipal Lali, Vice President of Haryana Pradesh Congress Committee and other party leaders alleged that "demonetisation is a political move which is being sold as a fight against corruption".

'Jan Aakrosh Divas' rally was also addressed by various other Congress leaders who claimed that economic activities have come to a standstill since the scheme was announced.

Haryana's main opposition Indian National Lokdal (INLD) today submitted a memorandum to district administration in Hisar, with the party claiming that Rs 500 and Rs 1000 notes "were scrapped to cover up the government's "failure" to deliver on Prime Minister's promise of bringing back black money." In Fatehgarh Sahib, most of business and educational institutes remained open as usual.

In Punjab's main industrial town Ludhiana, shops, factories, local and other means of transport functioned normal. However, a protest rally was taken out at clock tower chowk by the Congress. A group of Congress workers raised slogans against the Narendra Modi government.

Surinder Dawar, MLA and Gurpreet Gogi, President Ludhiana District Congress committee addressed the protesters. In Ropar district of Punjab, the Congress and the Left parties today took out separate protest march. The District Bar Association members also abstained from work.

The Congress march was led by Ropar DCC president Vijay Kumar Tinku and Charan Singh-- Secretary of CPI led the protest march of his party. All business establishments remained open.

Comments

Ansari
 - 
Monday, 28 Nov 2016

DemonEtization is a scam . TO EVADE hIGH PROFILE tAX EATERS .....Who helped MODI to win election....its time to repay....but at the cost of common Man's life ?

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coastaldigest.com web desk
June 21,2020

Mangaluru, Jun 21: A total of 51 private hospitals and medical colleges empanelled under the Suvarna Arogya Suraksha Trust (SAST) have been allowed to treat Covid-19 patients in Dakshina Kannada and Udupi district. Among them 30 are in Dakshina Kannada and 21 are in Udupi. Here is the full list:

Also Read: 518 private hospitals across Karnataka can now treat covid patients

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News Network
May 19,2020

Mysuru, May 19: Union Housing and Urban Affairs Minister Hardeep Singh Puri on Tuesday announced the results of garbage free-star rating for Indian cities.

He said that Ambikapur in Chhattisgarh, Rajkot in Gujarat, Mysuru in Karnataka, Indore in Madhya Pradesh and Navi Mumbai in Maharashtra have got a five-star rating.

Puri extended the wishes to the cities who got a five-star rating and said it came at a time when the entire world, including India, are reeling under the impact of COVID-19 pandemic.

"It was the intention of my senior colleagues and others to declare the result of star rating of garbage-free cities much earlier but we decided to postpone because we wanted at least some degree of opening to take place and we thought the timing is correct," Puri said.

The minister said that of all the flagship programmes Prime Minister Narendra Modi has announced, Swachta Mission is the most important programme for him.

"I have often shared with you my assessment that of all the flagship programmes that the Prime Minister had announced after the 2014 election results. But my personal view, a view I have had a citizen and certainly a view that is fortified by my experience as Minister for Housing and Urban Affairs, that the Swachta Mission by far is the most important programme of all the missions," Puri said

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Agencies
June 26,2020

New Delhi, Jun 26: With looming uncertainty and no likelihood of an early economic recovery in sight, the bull run in gold prices is here to stay. Analysts expect domestic futures to touch ₹ 52,000 per 10 grams in the next few months, till Diwali.

Experts also predict that with the current trend, gold may reach historic levels around ₹ 65,000 per 10 grams in two years time.

Futures of the yellow metal have touched new highs in India off late. On Wednesday, the August contract of gold futures on the Multi-Commodity Exchange (MCX) touched an all-time high of Rs 48,589 per 10 grams.

It has, however corrected since and is currently trading at ₹ 48,057 on the MCX, higher by ₹ 116 or 0.24 per cent from its previous close.

Market experts are of the view that both domestic and international gold prices are yet not done breaching records and will touch new highs in days to come.

The resurgence in the number of new cases of coronavirus infection across the globe has added to the uncertainty and fears.

Speaking to media persons, Anuj Gupta, DVP for Commodities and Currencies Research at Angel Broking, noted: "In short term we are expecting it to reach ₹ 48,800-49,000 and for long term, we are expecting ₹ 51,000-Rs 52,000 till Diwali."

On the prices in the international market, he said that it may reach around $1,790 per ounce in the near term from the current levels of $1,762 and the long term, it is likely to be around $1,820-1,850 per ounce.

Gupta noted that with International Monetary Fund's (IMF) latest downward revision of economic outlook, both global and of India, and the rising number of cases and high demand by gold exchange traded funds (ETF) have led to this record breaking rise in gold prices.

Covid-19 battered India's economy is projected to contract by 4.5 per cent this fiscal, according to the IMF and the global output is projected to decline by 4.9 per cent in 2020, 1.9 percentage points below the IMF's April forecast.

Hareesh V, Head of Commodity Research at Geojit Financial Services, said that gold's safe haven appeal will remain on the higher side as there is little hope of a quick global economic recovery amid rising virus cases across the world.

"Increased geopolitical instability and an under-performing dollar also lift the metal's sentiments," he added.

According to Prathamesh Mallya, AVP Research, Non-Agro Commodities & Currencies at Angel Broking, said that with the global output to contract and the economies in a deeper recession than most anticipate, gold as an asset class is a safe bet for investors across the globe.

"Although, the physical demand has declined drastically due to the restrictions and lockdowns, the activity of global central banks and their net purchases of gold signal that uncertainty will continue for most of 2020," he said.

He was also of the view that in the international market price of the metal may move towards $1,850 per ounce and in the domestic market it is likely to move higher towards Rs 50,000 per 10 grams.

"The investment demand as seen in the net additions of ETF holdings also signals that gold will shine for a much longer time even if the pandemic is under control. Till then, keep buying gold, if not in physical form, but in digital form," Mallya added.

Industry insiders like Aditya Pethe, Director, WHP Jewellers said: "I basically feel that the current trend for the gold is bullish and for the coming next 2 years, it is likely to move upwards. No one can predict the exact price as currently the trend is on rise but it might change after 6 months. In general for the coming 6 months to one year, the gold prices are likely to cross $2,000 which comes to roughly Rs 55,000. For a temporary moment it may reduce, basically fluctuate as well but overall trend of gold is going to be bullish."

On his part, Ishu Datwani, Founder, Anmol Jewellers said: "Yes - it's very likely that the gold price could easily go up to Rs 60,000-Rs 65,000 in the next two years. There is also a possibility of it going up even more."

"A lot of banks have been buying gold and there is also a possibility that the Indian rupee will depreciate against the dollar. This and geopolitical reasons will cause bullishness in gold."

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