Indian rupee crashes to new low amidst US trade tariff tensions

Mangaluru: In a decisive move aimed at reshaping the economic future of the Beary community, the Bearys Chamber of Commerce and Industry (BCCI) formally launched its Youth Wing at a well-attended ceremony held at Ocean Pearl Hotel, Mangaluru on January 6. Bringing together business leaders, professionals, policymakers, and young aspirants, the event highlighted a shared resolve to build the community through entrepreneurship.

Delivering the keynote address, BCCI General Secretary Mohammed Imthiyaz outlined the motivation behind the formation of the chamber and its newly launched Youth Wing. He candidly spoke about the structural and mindset gaps that have historically held back the Beary community as a business force when compared to other established trading communities in India. These shortcomings, he said, can only be addressed through focused mentoring, collective effort, and by encouraging the younger generation to think beyond conventional boundaries.

“The future lies in empowering our youth to lead from the front and position the Beary community among India’s strongest business communities,” he said.

Guest speaker Yezdani Feroze delivered a thought-provoking address, asserting that the Beary community has the potential to lead Indian Muslims through trade and entrepreneurship. He stressed that success is not merely a reward for hard work, but for clear thinking, describing entrepreneurs as “professional thinkers.”

“The ummah cannot afford to produce more job seekers,” he said. “We need job creators, innovators, and history makers.”

Highlighting the power of ideas, Feroze reminded the audience that every invention—from mobile phones to everyday furniture—was once just an idea someone chose not to abandon. He called for the establishment of idea forums to nurture young entrepreneurs and help transform concepts into viable enterprises.

The programme also featured the felicitation of M A Gafoor, newly appointed Chairman of the Coastal Development Authority, and Shahid Thekkil, Chairman of the Karnataka Minimum Wage Board Commission. Thanking the organisers, Gafoor reaffirmed his commitment to the development of coastal Karnataka, with a special focus on boosting tourism. Shahid Thekkil expressed confidence that BCCI would play a pivotal role in producing a new generation of entrepreneurs from the community.

Presiding over the event, S M Rashid Haji officially announced the inauguration of the Youth Wing and emphasised that the initiative goes far beyond symbolic launches or routine meetings.

“This is about building entrepreneurs and investing in long-term community development,” he said.

Four coordinators were appointed to lead the Youth Wing: Zeeshan Ramlan (CEO, Talentzy), Ashhar Abdul Razak (Hajjaj Group), Ayaan Haris, and Muhammed Shahbaz.

The event brought together prominent business leaders, professionals, policymakers, and young aspirants, underscoring a shared vision of entrepreneurship-led community growth. 

Earlier, the programme included the recitation of the Holy Quran by Badruddin Panambur. Nissar Fakeer Mohammed, Secretary of BCCI, welcomed the gathering and served as the Master of Ceremony. The event concluded with a vote of thanks by BCCI Treasurer Mansoor Ahmed.

Bengaluru: As the dust settles on the recent legislative session, the corridors of Vidhana Soudha are buzzing with more than just policy talk. A high-stakes game of political musical chairs has begun, exposing a deepening rift within the Congress party’s Muslim leadership as a major Cabinet reshuffle looms.

With the party hierarchy signaling a "50% refresh" to gear up for the 2028 Assembly elections, the race to fill three projected Muslim ministerial berths has transformed from a strategic discussion into an all-out turf war.

The "Star Son" Spark

The internal friction turned public this week following provocative remarks by Zaid Khan, actor and son of Wakf Minister Zameer Ahmed Khan. Zaid’s claim—that his father "helped" secure a ticket for Shivajinagar MLA Rizwan Arshad in 2023—has acted as a lightning rod for resentment.

Rizwan’s camp was quick to fire back, dismissing the comment as a desperate attempt by Zameer to manufacture seniority. "Rizwan’s political pedigree was forged in the NSUI and Youth Congress long before Zameer even stepped into the party," a supporter noted, highlighting Rizwan’s tenure as an AICC secretary and his two-term presidency of the State Youth Congress.

A Tale of Two Loyalists

While both Zameer Ahmed Khan and Rizwan Arshad are staunch allies of Chief Minister Siddaramaiah and represent Bengaluru strongholds, their political DNA could not be more different:

•    Zameer Ahmed Khan: A four-time MLA who crossed over from JD(S) in 2018. Known for his "overzealous" and often polarizing outreach during communal flashpoints—from the DJ Halli riots to the recent Wakf land notice controversy—his style has frequently left the Congress high command in a state of "discomfort."

•    Rizwan Arshad: A homegrown organizational man. Seen as a "quiet performer," Arshad represents the sophisticated, moderate face of the party, preferred by those who find Zameer’s brand of politics too volatile.

The Outsiders Looking In

The bickering isn't limited to a duo. The "Beary" community, represented by leaders like N A Haris and Saleem Ahmed, is demanding its pound of flesh. Saleem Ahmed, the Chief Whip in the Legislative Council, has dropped the veil of diplomacy, openly declaring his ministerial aspirations.

"I was the only working president not included in the Cabinet last time," Saleem noted pointedly, signaling that the "loyalty quota" is no longer enough to keep the peace.

As Chief Minister Siddaramaiah prepares to finalize the list, he faces a delicate balancing act: rewarding the aggressive grassroots mobilization of Zameer’s camp without alienating the organizational stalwarts and minority sub-sects who feel increasingly sidelined by the "Chamarajpet-Shivajinagar" binary.

Donald Trump has linked his repeated threats to seize Greenland to his failure to win the Nobel Peace Prize, in a letter to Norwegian Prime Minister Jonas Gahr Støre.

The authenticity of the letter, in which Trump says he no longer feels obligated to “think purely of peace,” was confirmed by Støre to the Norwegian newspaper VG.

“Considering your country decided not to give me the Nobel Peace Prize for having stopped eight wars plus, I no longer feel an obligation to think purely of peace,” Trump wrote, adding he can now “think about what is good and proper for the United States.”

Støre said Trump’s letter was in response to a short message he had sent earlier, on behalf of himself and Finland’s President Alexander Stubb.

Trump has escalated rhetoric toward Greenland, a self-governing Danish territory, insisting the US will take control “one way or the other.” Over the weekend, he tweeted: “Now it is time, and it will be done!!!”

On Saturday, Trump threatened a 10% tariff on imports from Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland from 1 February until the US is allowed to purchase the island. EU diplomats met for emergency talks on possible retaliatory tariffs and sanctions.

In his letter, Trump argued Denmark “cannot protect” Greenland from Russia or China, questioning Danish ownership: “There are no written documents; it’s only that a boat landed there hundreds of years ago.” He added that NATO should support the US, claiming the world is “not secure unless we have complete and total control of Greenland.”

Trump’s stance has unsettled the EU and NATO, as he refused to rule out military action to take control of the mineral-rich island.

The Nobel Peace Prize is awarded by the independent Norwegian Nobel Committee, not the government. Trump had campaigned for last year’s prize, which went to Venezuelan opposition leader María Corina Machado, who dedicated her award to him.

Støre reiterated that the Nobel Prize decision rests solely with the committee.