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โ€œIโ€™m ashamedโ€: Mamata hits out at Centre, backs Sourav Ganguly as ICC chairman

Mamata Banerjee

Kolkata: West Bengal Chief Minister Mamata Banerjee on Thursday backed former Indian cricket skipper Sourav Ganguly for the chairmanship of the ICC and targetted the Centre for allegedly removing the ex-BCCI chief from the post.
Mamata said that she would have protested even if the Centre โ€œwould have done thisโ€ with master blaster Sachin Tendulkar as well. โ€œSourav Ganguly is from Bengal so canโ€™t he be International Cricket Council (ICC) Chairman? You removed Sourav Ganguly but retained Jay Shah. If they wouldโ€™ve done this with Sachin Tendulkar, then also I wouldโ€™ve protested. Today Iโ€™m ashamed that thereโ€™s no representation of India in ICC,โ€ the Chief Minister said at the inauguration of Janbazar Sammilita Kali Puja in the city.
Hitting out at the Centre for the move of replacing Ganguly with Roger Binny as the BCCI president, Mamata alleged that the government used its power to not retain him.
โ€œWe are really ashamed. Today you did not retain him because you are in power. What will happen in 2024 if you donโ€™t come back to power? Sourav also knows this,โ€ she said.
Earlier on October 17, Mamata alleged that Ganguly had been โ€œexcluded in an unfair wayโ€ from another term as BCCI chief and said he should be allowed to contest the ICC election.
Mamata Banerjee said that Ganguly is popular and โ€œnot a political party memberโ€ and the Centre should not take a โ€œpolitical decisionโ€.

Also Read: โ€œRupee Still Stronger In Comparison To Other Currenciesโ€: Analyst Sunil Shah

โ€œI request PM to make sure Sourav Ganguly must be allowed to contest the ICC election. Heโ€™s a popular figure which is why he is being deprived. Request GoI not to take a decision politically, but for cricket, sportsโ€ฆHe is not a political party member,โ€ she said.
โ€œOn behalf of all countrymen I say that Sourav Ganguly is our pride, he has skillfully managed his sports and administration career. He was BCCI president. He was excluded in an unfair way; the compensation for it will be to send him to ICC,โ€ she said.
She also urged people not to use such firecrackers that can harm others.
โ€œDuring Kali Puja, donโ€™t use firecrackers that can harm others, donโ€™t let communal clashes happen; be alert as thereโ€™s a chance of a cyclonic storm and stay at home if the weather is not good,โ€ she said.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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โ€œRupee Still Stronger In Comparison To Other Currenciesโ€: Analyst Sunil Shah

ANI
Shah

โ€œForeign capital will help in stabilising the rupee,โ€ says Sunil Shah

New Delhi: Market analyst Sunil Shah on Thursday said even though the rupee as a currency has weakened in comparison to the US dollar, but it is still โ€œfar strongerโ€ than other currencies.

Shah added that the weakening of the rupee will be stable once the FDI (foreign direct investment) flow increases, which the analyst feels is likely from next month. โ€œForeign capital will help in stabilising the rupee,โ€ Shah added.

Also Read: Subramanian Swamy Trolls FM Sitharaman Over โ€˜Rupee Not Weakeningโ€™ Comment

For the record, the Indian rupee has been weakening over the past few weeks to hit fresh new all-time lows as the US dollar strengthened against major global currencies.

On Wednesday, the rupee breached the 83 mark for the first time in its history.

So far this year, the rupee has depreciated around 11-12 per cent, market data showed.

The rising trade deficit, depleting forex reserves, and the latest monetary policy tightening by the US Federal Reserve also triggered the currencyโ€™s depreciation. Investors tend to move towards stable markets, such as the US, for better and stable returns amid any tight monetary policy.

Last week, Union Finance Minister Nirmala Sitharaman too defended the rupeeโ€™s depreciation saying the currency has performed much better than many other emerging market currencies as geo-political tensions continue to rise.

Speaking at a media briefing during her recent US visit, she explained that it was not the rupee weakening rather US dollar was strengthening.

(Except for the headline, this story has not been edited by HW News staff and is published from a syndicated feed.)

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