INS Vikrant docks at Karwar naval base for the first time

Bengaluru, May 14: The newly elected Congress MLAs are likely to 'vote' at the Congress Legislature Party (CLP) meeting is scheduled to be held today to elect their leader who will be the new chief minister of Karnataka at 

Karnataka Congress president DK Shivakumar has a strong claim on the chief minister's chair, but there is also Siddaramaiah who is eyeing a second term. 

Addressing a press conference on Saturday, AICC general secretary Randeep Singh Surjewala said the CLP meeting will be held at 5.30 pm. The party has already given instructions to all its MLAs to arrive in Bengaluru.

According to party sources, the MLAs will be given an opportunity to "vote" for their choice of the CM candidate. "The party had done a similar exercise in Himachal Pradesh. There will be AICC observers who will conduct the poll. All the MLAs will vote and the CM candidate will be decided based on this process," sources in the party said. 

Shivakumar, who was appointed KPCC president in March 2020, said he had promised Sonia Gandhi that he would "deliver" Karnataka. "Today, I have fulfilled my promise," he said. 

An 8-time MLA, Shivakumar has the optics going for him. He broke down on national television, profusely thanking the Gandhi family. Shivakumar's supporters have been running the #DKforCM campaign on social media. 

In the election, the Congress' domination of the Old Mysuru region would go to Shivakumar, a Vokkaliga.  

It is also generally perceived that whoever is the KPCC president becomes a natural choice for the CM's post - SM Krishna and Veerendra Patil are examples.

The party must balance Shivakumar's aspiration with Siddaramaiah's expectation. Being the only CM to have completed the full 5-year term, Siddaramaiah is known for his adminstrative acumen and grip over financial matters - he has presented a record 13 budgets. 

Siddaramaiah is the Congress' biggest mass leader and face of the Ahinda (minorities, backward classes and Dalits). Siddaramaiah's declaration that this will be his last election may also help him garner points on the grounds of seniority. Apparently, Siddaramaiah is believed to enjoy Rahul Gandhi's backing.

New Delhi, May 22: Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30.

Speaking to reporters for the first time since the surprise decision to withdraw the highest denomination currency note was announced, Das said the decision was part of currency management.

Rs 2,000 currency notes continue to be legal tender, Das added.

Indian currency management system is very robust, exchange rate has remained stable despite crisis in financial markets due to war in Ukraine and failure of certain banks in the West, he said.

The impact of the withdrawal on the economy will be "very very marginal", he said, adding Rs 2,000 currency notes made up for just 10.8 per cent of the total currency in circulation. He said Rs 2,000 rupee notes were introduced primarily to replenish the currency that was withdrawn following 2016 demonetisation, he said.

While the withdrawn Rs 2,000 rupee notes can either be deposited in bank accounts or exchange for other currency, banks have been advised to make necessary arrangements for exchange, he said.

"We expect most of Rs 2,000 bank notes to come back to the exchequer by September 30," he said. "We have more than adequate quantities of printed notes already available in the system, not just with RBI but with currency chests operated by banks. There is no reason for worry. We have sufficient stocks, no need to worry."

RBI, he said, was sensitive to difficulties faced by people and would come out with regulations if need be.

Existing income tax requirement of furnishing PAN for deposits of Rs 50,000 or more in bank accounts will continue to apply for deposits of the withdrawn 2000 rupee notes, he said.

Das said liquidity in the system is being monitored on a daily basis.

Hiroshima, May 20: The Gandhian ideals of peace and harmony reverberate globally and give strength to millions, Prime Minister Narendra Modi said on Saturday as he unveiled a bust of Mahatma Gandhi here in this Japanese city.

The location of the bust of Gandhi has been chosen as a mark of solidarity for peace and non-violence. The US conducted the world's first nuclear attack on Hiroshima on August 6, 1945, destroying the city and killing some 140,000 people.

Modi also spoke to reporters after unveiling the bust and said that even today the world gets frightened even today when it hears the word 'Hiroshima'.

Japan's Prime Minister Fumio Kishida, representing a Hiroshima constituency in the House of Representatives, invited Modi to the G-7 Summit as a guest.

The bust was gifted by India to Hiroshima as a symbol of friendship and goodwill between India and Japan on the occasion of Prime Minister Modi's visit to the city for the G7 summit.

"Unveiled Mahatma Gandhi’s bust in Hiroshima. This bust in Hiroshima gives a very important message. The Gandhian ideals of peace and harmony reverberate globally and give strength to millions," the prime minister tweeted.

External Affairs Ministry Spokesperson Arindam Bagchi said the bust was a befitting tribute to a city that symbolises humanity's yearning for peace.

The 42-inch tall bronze bust has been sculpted by Padma Bhushan awardee Ram Vanji Sutar. The bust site, adjacent to the Motoyasu River, is close to the iconic A-Bomb Dome that is visited by thousands of people - locals and tourists alike - every day.

Gandhi dedicated his life to peace and non-violence. The location truly resonates with the principles and life of Gandhiji, which continue to inspire the world and its leaders, the External Affairs Ministry said in a statement.

After unveiling the bust, Modi paid floral tributes to Gandhi.

He thanked the mayor of the city and the Japanese government for the opportunity to unveil the Gandhi bust and said it will take forward the idea of non-violence.

"It is a great moment for me to know that the Bodhi tree that I gifted to the Japanese prime minister has been planted here in Hiroshima so that people can understand the importance of peace when they come here. I pay my respect to Mahatma Gandhi," Modi said.

Modi also held bilateral talks with his Japanese counterpart Kishida, focusing on ways to synergise efforts under G7 and G20 presidencies to deal with various global challenges.

Modi arrived in Hiroshima on Friday on the first leg of his three-nation trip to Japan, Papua New Guinea and Australia and is expected to take part in over 40 engagements.

Modi is visiting Hiroshima from May 19 to 21 primarily for the annual summit of the G7 advanced economies in which he is expected to speak on challenges facing the globe, including food, fertiliser and energy security.

He will hold bilateral meetings with some of the world leaders attending the Hiroshima G7 Summit.

The G7 bloc comprises Japan, the United States, the United Kingdom, France, Germany, Canada and Italy, as well as the European Union.