Senior Congress leader Murli Deora dies of cancer

November 24, 2014

Mumbai, Nov 24: Senior Congress leader and former Union minister Murli Deora passed away in Mumbai on Monday morning due to cancer. He was 77 and is survived by his wife and two sons, including former MP Milind Deora.

Murli bhai as he was known as died at around 3.25 am. He had been unwell and admitted to a hospital. He had come home two days ago, family sources said.

Murli Deora

Deora's mortal remains would be kept at the Mumbai Congress office, where party workers would pay their last respects from 12 noon to 2pm. His last rites would be performed at Chandanwadi Crematorium later in the day, the family sources said.

Deora, who held several important portfolios during his decades-long career, first contested the civic elections in Mumbai in 1975.

An economics graduate, Deora was Mayor of Mumbai from 1977 to 1978 and was later elected to the Lok Sabha four times from Mumbai South, a seat later held by his son, Milind, who is also a former MP and ex Union minister. Currently, he was serving his third term as a Rajya Sabha MP.

He held the portfolio of Petroleum and Natural Gas during the UPA–1 regime. The Congress veteran had also served as the Mumbai Congress President for 22 years.

He joined the Union Cabinet in 2006, shortly before he turned 70 and led oil diplomacy in Myanmar, Algeria and Egypt, and held talks with ministers from Sudan, Chad, Ethiopia and Comoros.

Deora also hosted the first India-Africa Hydrocarbon Conference and Exhibition in November 2007. In July 2011, Deora became Minister of State for Communications and Information Technology.

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News Network
June 2,2020

New Delhi, Jun 2: Congress leader Rahul Gandhi on Monday took a jibe at Prime Minister Narendra Modi over Moody's Investors Service downgrading India's sovereign rating to the lowest investment rate and said that the global rating agency has rated his handling of the country's economy "a step above junk".

"Moody's has rated Modi's handling of India's economy a step above JUNK. Lack of support to the poor and the MSME sector means the worst is yet to come," the Congress leader tweeted citing a media report on Moody's downgrading the nation.

On Monday, Moody's downgraded the country's rating to "Baa3" from "Baa2". This comes at a time when the government is facing criticism from the Opposition over its handling of the COVID-19 situation and measures to boost the economy.

The government has already announced a stimulus package of Rs 20 lakh crore to deal with the situation.

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News Network
June 12,2020

New Delhi, Jun 12: India's COVID-19 tally on Friday witnessed its highest-ever spike of 10,956 cases, according to the Union Ministry of Health and Family Welfare (MoHFW).

396 deaths have been reported due to the infection during the last 24 hours.

The total number of coronavirus cases in the country now stands at 2,97,535 including 1,41,842 active cases, 1,47,195 cured/discharged/migrated and 8,498 deaths.

COVID-19 cases in Maharashtra continue to soar with the number reaching 97,648. Tamil Nadu's coronavirus count stands at 38,716 while cases in Delhi reached 34,687.

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Agencies
March 9,2020

Mumbai, Mar 9: The mayhem in domestic stock markets deepened with the BSE Sensex falling over 2,400 points and the Nifty50 trading below 10,400 points.

The plunge in the domestic indices was in line with the global markets on persistent fears of economic impact of the coronavirus epidemic.

Stocks of Reliance Industries registered the biggest fall in over 10 years as it fell to Rs 1,094.95 per share. At 1.34 p.m., it was trading at Rs 1,100, lower by Rs 170.05 or 13.39 per cent from its previous close. The stock fell most since October 2008.

The benchmark index of BSE Sensex was trading at 35,232.67 points, lower by 2,343.95 points or 6.24% from the previous close of 37,576.62 points. 

It had opened at the intra-day high of 36,950.20 and has so far touched a low of 35,109.18.

The Nifty50 on the National Stock Exchange was trading at 10,314.25 points, lower by 675.20 points or 6.14% from the previous close. 

It was a sell-off across sectors, led by financial, metal, energy and IT stocks - which weighed on the markets.

Further, crude oil prices also slumped around 30% on Monday as Organization of Petroleum Exporting Countries (OEPC) failed to agree on an output cut deal, eventually causing Saudi Arabia to cut its prices as it is likely to increase its production. Saudi Arabia's stance has already raised concerns of an all-out price war.

Brent crude futures are currently trading around $34 per barrel.

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to reports.

As per analysts, the oil market witnessed the worst price fall on Monday since the 1991 Gulf War.

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