Politics

Will not rest till murderers of IYC workers are brought to justice in Kerala: Rahul Gandhi

Rahul Gandhi

New Delhi | Congress President Rahul Gandhi on Monday termed the “brutal murder” of two Youth Congress workers in Kerala as “shocking” and said the party will not rest till the murderers are brought to justice.

Two Indian Youth Congress workers were hacked to death by unidentified assailants in the northern district of Kasargod on Sunday night, according to police.

“The brutal murder of two members of our Youth Congress family in Kasargod, Kerala is shocking. The Congress Party stands in solidarity with the families of these two young men & I send them my deepest condolences,” Gandhi tweeted. “We will not rest till the murderers are brought to justice,” he said.

The incident took place at around 8 pm Sunday and the deceased were identified as Kripesh and Sarath Lal (24). Congress’ chief spokesperson Randeep Surjewala strongly condemned the incident and said political murders are unpardonable and reprehensible.

He expressed deepest condolences to the families of those killed. “Congress shall continue to force CPM Govt in Kerala for action, so that perpetrators are brought to justice,” Surjewala tweeted.

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Business & Finance

Sensex drops over 150 points ahead of RBI board meet

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Mumbai | The BSE benchmark Sensex on Monday fell over 150 points, led by weakness in auto, IT and financial stocks amid heavy selling by foreign institutional investors, as investors turned cautious ahead of RBI’s board meet.

The 30-share index, after rising over 100 points, fell 158.94 points, or 0.44 percent, to 35,650.01. Similarly, the 50-share NSE Nifty fell 44.45 points, or 0.41 percent, to 10,679.95.

According to traders, investors were cautious ahead of RBI’s board meeting. Finance Minister Arun Jaitley is scheduled to address the customary post-budget meeting of the central board of the Reserve Bank later in the day and highlight the key points of the interim Budget, including the fiscal consolidation roadmap. The meeting, according to sources, will take a call on the interim dividend to be paid to the government during the current fiscal.

Yes Bank fell up to 5 percent after the private bank, in a regulatory filing Friday, said it had received a letter from the Reserve Bank of India (RBI) which noted that the risk assessment report (RAR) was marked ‘confidential’.

It was expected that no part of the report be divulged except for the information in the form and manner of disclosure prescribed by regulations, the RBI letter said, adding that the issuance of a press release has, therefore, been viewed seriously by the RBI and could entail further regulatory action/s.

Other losers on the Sensex pack include HCL Tech, HUL, Bajaj Auto, TCS, Reliance, Bajaj Finance, Asian Paints, M&M and Bharti Airtel, falling up to 1.68 percent. While, NTPC, Vedanta, Tata Steel, ONGC, SBI, L&T, PowerGrid, ITC and Sun Pharma were the top gainers, rising up to 2.24 percent.

Meanwhile, on a net basis, foreign institutional investors sold shares worth a net of Rs 966.43 crore on Friday, while domestic institutional investors were net buyers to the tune of Rs 853.25 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong’s Hang Seng rallied 1.67 percent, Shanghai Composite Index was up 1.79 percent higher, Kospi gained 0.73 percent, and Japan’s Nikkei soared 1.78 percent in early trade.

On Wall Street, Dow Jones Industrial Average ended 1.33 percent higher on Friday. The rupee, meanwhile, was trading depreciated 13 paise against US dollar to 71.36. The benchmark Brent crude futures slipped 0.09 percent to USD 66.19 per barrel.

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