Category: National

Dubai fire: Indian couple who died were preparing iftar for neighbours

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Abu Dhabi: An Indian couple who died in a massive fire that broke out at a residential building in Dubai killing 16 people, was preparing an iftar meal for their neighbours, according to a media report.
38-year-old Rijesh Kalangadan, and his wife Jeshi 32-year-old Kandamangalath, were preparing Vishu sadhya, a festival meal, for their neighbours to end their fast on Saturday evening, the Gulf News reported.
At least 16 people were killed and nine others injured in the blaze in Al Ras area, which Dubai Civil Defence attributed to a lack of compliance with building security and safety requirements.

Hailing from Kerala, Kalangadan worked as a business development manager with a travel and tourism company, and his wife Kandamangalath was a schoolteacher.
According to Gulf News, the couple had invited their Muslim neighbours, a group of bachelors from Kerala, for an iftar meal.
“They had invited us during Onam and Vishu lunches earlier also. This time, they told us to come for iftar as it is Ramzan,” Riyas Kaikambam, who lived with seven roommates in apartment number 409, said.
The couple lived in 406 — adjacent to flat 405 where the fire started.

Calling them a “friendly couple”, Kaikambam said he last saw them outside their apartment.

“I could see the teacher was crying,” he recalled.
“There was no response to calls later. I could see Rijesh’s last seen status on WhatsApp at 12.35 p.m. I just can’t believe the man who helped me book my flight ticket, the man who invited me for iftar, is gone,” he said.
The couple was scheduled to fly home for the house-warming of their home next month, a family member from Kerala told Gulf News.
The fire broke out on fourth floor of the building on Saturday at 12.35 p.m. and soon spread to other areas.
Dubai Civil Defence Operations Room was informed about the inferno after which fire engines were rushed to the spot.
The fire was controlled around 2.42 p.m.
The building has been sealed for safety reasons.
(Except for the headline, the story has not been edited by Siasat staff and is published from a syndicated feed.)
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#Dubai #fire #Indian #couple #died #preparing #iftar #neighbours
( With inputs from www.siasat.com )

April 17, 2023
India holds 100th G20 meeting under its presidency of bloc

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New Delhi: India celebrated a key milestone in its G20 presidency on Monday with the hosting of the 100th meeting of the grouping, the Ministry of External Affairs (MEA) said.
The Meeting of Agricultural Chief Scientists (MACS) in Varanasi is the 100th meeting of the grouping under India’s presidency that began on December 1 last year.
The second Health Working Group in Goa, the 2nd Digital Economy Working Group in Hyderabad and the Space Economy Leaders’ Precursor Meeting in Shillong are also being held on Monday, according to the MEA.

India’s G20 presidency will continue till November 30.
The Group of Twenty (G20) comprises 19 countries (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, T rkiye, United Kingdom, and United States) and the European Union.
The G20 members represent around 85 per cent of the global GDP, over 75 per cent of the global trade, and about two-thirds of the world’s population.

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#India #holds #100th #G20 #meeting #presidency #bloc

( With inputs from www.siasat.com )

April 17, 2023
UK Sikh temple warns after Indians lured with fake visas, job offers

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London: A Sikh temple in the UK has issued warnings after fraudsters impersonating as its members tried to trick people in India by making false job and visa promises with an intent of extracting money from them, media reports said.
The Guru Nanak Darbar Gurdwara in Gravesend placed warnings on its social media pages after they were alerted to fake advertisements titled, “urgently needed in the UK”, offering free food and travel tickets for job opportunities at the Sikh temple, the Kent Online reported.
“We had somebody come into the gurdwara last week who is here but her father is in India and she wanted to see if he could come over,” General secretary of the gurdwara, Jagdev Singh Virdee, said.

“Her father had been alerted to this ad and asked if it was a job so she came to check whether it’s genuine or not, and that’s how we first found out about it,” Virdee told Kent Online.
Following this, nearly a dozen people got in touch with the gurdwara authorities to enquire about the advertisement, which has been circulated on the internet, and asked people to get in contact via WhatsApp.
According to the news report, some have already gone through the process of exchanging passport information and personal details.
Virdee said that the fraudsters have set up a website domain and email address similar to the gurdwara’s.

“They are faking letters as if it’s a job offer from the gurdwara, then they’re saying to them, ‘you’ve had the job offer now so if you pay over so much money, then we’ll arrange a travel ticket and visa’,” Virdee told Kent Online.

“Please be aware that the following flyer is being used to fraudulently obtain funds from individuals with a false promise of securing a UK visa and job at the Gurdwara Sahib. Please do not exchange any documents or money with this individual,” the Guru Nanak Darbar Gurdwara posted on its website.
“Though the image shows Guru Nanak Darbar Gurdwara, Gravesend, this is no way affiliated to GNDG Gravesend,” it added.
Virdee said that the crime has been reported to both Kent Police and the National Home Office of Action Fraud.
A Kent Police spokesperson said they “received a report on March 29 that an unknown person had falsely purported to represent the Guru Nanak Darbar Gurdwara in Gravesend online, in an attempt to defraud victims”.
“Officers have been in contact with representatives at the Gurdwara and are investigating the circumstances,” the spokesperson said.
Gravesend is home to more than 15,000 Sikhs.
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#Sikh #temple #warns #Indians #lured #fake #visas #job #offers
( With inputs from www.siasat.com )

April 17, 2023
Congress president Kharge writes to PM Modi demanding caste census

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New Delhi: Congress president Mallikarjun Kharge has written to Prime Minister Narendra Modi and demanded an up-to-date caste census.
In his letter, Kharge said in the absence of an updated caste census, a reliable data base so very essential for meaningful social justice and empowerment programmes, particularly for OBCs, is incomplete.
“I am writing to you to once again place on record the demand of the Indian National Congress for an up-to-date Caste Census. My colleagues and I have raised this demand earlier in both House of Parliament on a number of occasions as have leaders of many other Opposition parties,” the Congress chief said in his letter.

“You are aware that for the first time the UPA Government conducted a Socio Economic and Caste Census (SECC) during 2011-12 covering some 25 crore households. For a number of reasons, however, the caste data could not get published even though Congress and other MPs demanded its release after your government came to power in May 2014,” he said.
“In the absence of an updated Caste Census, I am afraid a reliable data base so very essential for meaningful social justice and empowerment programmes, particularly for OBCs, is incomplete. This Census is the responsibility of the Union Government,” Kharge said.
In the letter dated April 16, he also pointed out that the regular decennial census was to be carried out in 2021 but it has not yet been conducted.
“We demand that it be done immediately and that a comprehensive Caste Census be made its integral part,” Kharge said.

Sharing Kharge’s letter to the prime minister, Congress general secretary Jairam Ramesh tweeted “Jitni aabadi, utna haq! Congress President @kharge -ji has written to PM demanding that the decennial Census that should have been conducted in 2021 be done right-away, and a Caste Census be made its integral part. This will put social justice & empowerment on a firmer footing”.

Addressing a rally in Katnataka’s Kolar, Congress leader Rahul Gandhi on Sunday had also dared Prime Minister Modi to release the 2011 caste-based census data in public domain and also demanded the 50 per cent cap on reservation be removed.
“UPA in 2011 did the caste-based census. It has the data of all the castes. Mr Prime Minister, you talk of OBCs. Make that data public. Let the nation know how many OBCs, Dalits and tribals are there in the country,” Gandhi had said at the Congress’ ‘Jai Bharat’ election rally in Kolar in the run-up to the May 10 Karnataka polls.
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#Congress #president #Kharge #writes #Modi #demanding #caste #census
( With inputs from www.siasat.com )

April 17, 2023
Andhra Pradesh: Heat wave warning for 116 mandals

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Amaravati: The Andhra Pradesh State Disaster Management Authority (APSDMA) has asked people to take necessary precautions in view of the forecast of heat wave in 116 mandals across the state on Monday.
Heat wave conditions are expected in seven mandals in Alluri Sitarama Raju district, 15 each in Anakapalli and NTR districts, eight in East Godavari, four in Eluru, six each in Gunturu and Krishna and nine in Kakinada.
Of the 116 mandals, Nellipaka and Chintur in Alluri Sitarama Raju district are expected to sizzle at 45.5 degrees Celsius on Monday.

According to APSDMA, severe heat wave conditions were witnessed on Sunday in 11 mandals of Anakapalli district, three each in Kakinada and Vizianagaram.
APSDMA managing director B R Ambedkar advised people to take necessary precautions in view of the forecast of heat wave conditions.
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#Andhra #Pradesh #Heat #wave #warning #mandals

( With inputs from www.siasat.com )

April 17, 2023
For Shehnaaz, working with Salman meant lots of good food and fun

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Mumbai: Shehnaaz Gill, who rose to fame with ‘Bigg Boss 13’, and is recently making headlines for her stint in actor Salman Khan starrer ‘Kisi Ka Bhai Kisi Ki Jaan’, talked about her working experience with the Bollywood superstar.
Speaking to media here on Sunday, the actress also shared the difference she found in the Hindi film industry after being part of Punjabi industry and the advice she got from Salman for her career.
After working in the Punjabi industry, Shehnaaz experienced an altogether new atmosphere in Bollywood.

She said: “These are big-budget films. In fact, most Bollywood films are made with huge budgets and that can be seen on sets — they are so big. I just hope the Punjabi industry also grows in the same way and similarly, big-budget films are made.”
Shehnaaz said: “Salman is the same in reality as he is seen on the stage of ‘Bigg Boss’. I can’t see any difference in him. He gives good advice to others and motivates them. He corrected me and asked me to concentrate on my work. I am doing the same and learning Hindi.”
Sharing her shooting experience, she said: “Salman used to have a lot of fun with us. From lunch to dinner, we enjoyed having food there.”
Talking about her journey in the industry, Shehnaaz said: “I want to focus on my career and nothing else. I want to dedicate my life to work and I keep getting love and support from the media and the audience.”

“I don’t believe in planning. Because it never works. Just go with the flow.”

The actress said that she will work hard on her acting skills and will do whatever roles will come to her.
She said that if she can reduce weight then she can do anything and she will give her best.
Shehnaaz also answered the question about Salman restricting actresses from wearing revealing dresses, however, she declined it and said: “Nothing like that, I wore a very sexy dress during the promotion.”
“Salman sir keeps motivating me and saying that you will grow in your career,” she concluded.
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#Shehnaaz #working #Salman #meant #lots #good #food #fun
( With inputs from www.siasat.com )

April 17, 2023
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April 17, 2023
‘Forcefully thrown out..’: Ex-Karnataka CM Jagadish Shettar joins Congress

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Bengaluru: Senior BJP leader and former Karnataka Chief Minister Jagadish Shettar on Monday joined the Congress ahead of the May 10 Assembly elections in the state.
He joined the party in the presence of AICC President Mallikarjun Kharge, General Secretaries K C Venugopal and Randeep Singh Surjewala (Karnataka in-charge), KPCC president D K Shivakumar and Legislature Party leader and former Chief Minister Siddaramaiah, among others.
Shettar on Sunday had resigned as the Hubli-Dharwad (Central) MLA after the BJP denied him the ticket to contest the Assembly polls.

The 67-year old six-time MLA, Shettar was asked by the BJP top brass to make way for others, but he on his part had asserted he wanted to contest one last time.
After joining the Congress, Shettar alleged that he had been humiliated by the BJP by denying him a ticket and that party is today in the control of “very few people.”
“I was forcefully thrown out of the party that I built…I’m joining the Congress by accepting its ideology and principles,” he told reporters.
On his arrival in Bengaluru from Hubballi on Sunday night, Shettar had held discussions with Congress leaders Surjewala, Shivakumar, Siddaramaiah, former minister and campaign committee chief M B Patil and veteran party leader Shamanur Shivashankarappa (Shettar’s relative).

This decision of Shettar, a prominent Lingayat leader from north Karnataka, may adversely impact the BJP’s prospects in a number of segments in the region, according to political observers.

Shettar, a veteran BJP leader whose family has been associated with the party since Jana Sangh days, is an influential leader from its bastion of Kittur Karnataka region. While in the BJP he had served as a Minister, Speaker, Leader of the Opposition and the chief minister.
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#Forcefully #thrown #out. #ExKarnataka #Jagadish #Shettar #joins #Congress
( With inputs from www.siasat.com )

April 17, 2023
US dollar, UK pound, Saudi riyal, Dirham, Aus dollar to INR exchange rates on April 17

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The exchange rates of the US dollar, UK pound, Saudi riyal, UAE’s Dirham, Australian dollar, and other currencies to Indian rupees depend on demand and supply.
Following are the exchange rates as on April 17, 2023.
Foreign currencies INR values (Change)
US Dollar 81.95
UK Pond 101.72
Dirham 22.31
Saudi Riyal 21.85
Australia Dollar 54.99
Factors that affect exchange rates
Following are some of the factors that affect exchange rates

MS Education Academy
Inflation
Interest rates
Flow of capital
Liquidity
Current Account Deficits
Inflation: It is an important factor in the exchange rate calculation. As higher the inflation, the lower the currency value, rupee depreciates with the rise in inflation. Rupee appreciates in case of a fall in inflation.
Interest rate: As global investors who look for fixed income will always get attracted to countries that offer higher interest rates, which contributes to the appreciation/depreciation of the Indian rupee.
Flow of capital: As the inflow of capital will result in a rise in demand for the rupee value, it appreciates the rupee. The opposite happens when there is a rise in the outflow of capital.

Liquidity: It is the money supply in the market. With the rise in the money supply, the rupee loses its value and it results in the depreciation of the currency. If the money supply in the market decreases, the rupee appreciates.

Current Account Deficits: It represents that a country is importing goods valued more that the goods it is exporting. This imbalance results in a fall in the value of the currency.
CAD depreciates the currency whereas, Current Account Surplus appreciates the currency.
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#dollar #pound #Saudi #riyal #Dirham #Aus #dollar #INR #exchange #rates #April
( With inputs from www.siasat.com )

April 17, 2023
Infosys shares fall nearly 15 pc post earnings announcement

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New Delhi: Shares of Infosys on Monday tanked nearly 15 per cent in morning trade, wiping out Rs 73,060.65 crore from its market valuation, after the company reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24.
The stock tumbled 12.21 per cent to Rs 1,219 — its 52-week low mark — on the BSE.
At the NSE, it fell 14.67 per cent to its 52-week low of Rs 1,185.30.

Infosys was the biggest drag on both the benchmark indices Sensex and Nifty.
The company’s market valuation also declined by Rs 73,060.65 crore to Rs 5,08,219.35 crore.
The 30-share BSE Sensex quoted 891.04 points or 1.47 per cent lower at 59,539.96 in morning trade, pulled down by Infosys and weak trends in other IT counters.
Other IT firms also faced heavy drubbing, with Tech Mahindra, HCL Technologies, Tata Consultancy Services and Wipro falling in the range of 3-6 per cent.

“The worse-than-expected Q4 results from Infosys with only 4-7 per cent revenue growth for FY24 will drag down IT stocks impacting the Nifty,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Infosys on Thursday reported lower-than-expected growth in the fourth quarter net profit and gave a weak 4-7 per cent revenue growth guidance for FY24 amid the tightening of IT budgets by clients following a turmoil in the US banking sector.
Infosys’ latest report card was a disappointment on several fronts – the company missed revenue guidance for FY23 hit by “unplanned project ramp downs and decision-making delays by some clients”, the company said.
With global macroeconomic uncertainties looming, it has given a subdued 4-7 per cent revenue growth forecast for FY24, with top management cautioning that “the environment remains uncertain”.
Infosys had last given single-digit revenue guidance in FY19.
India’s second-biggest software services firm posted 7.8 per cent year-on-year growth in consolidated net profit at Rs 6,128 crore for March quarter. But the profit fell 7 per cent when compared to the preceding December quarter.
The revenue growth in constant currency for FY23 came in at 15.4 per cent, lower than the guidance. Notably, during the Q3 earnings announcement in January this year, Infosys — which competes in the market with Tata Consultancy Services (TCS), Wipro and other IT firms — had raised FY23 revenue guidance to 16-16.5 per cent (against the previously projected band of 15-16 per cent).
Infosys’ Q4 year-on-year-growth was 8.8 per cent and the sequential decline was 3.2 per cent in constant currency terms.
Revenue rose 16 per cent year-on-year in the fourth quarter of FY23 to Rs 37,441 crore but represented a decline of 2.3 per cent when compared to December 2022 quarter.
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#Infosys #shares #fall #post #earnings #announcement
( With inputs from www.siasat.com )

April 17, 2023

Foreign currencies	INR values (Change)
US Dollar	81.95
UK Pond	101.72
Dirham	22.31
Saudi Riyal	21.85
Australia Dollar	54.99

Category: National

Factors that affect exchange rates