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Rupee falls 20 paise to 93.73 against US dollar in early trade

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Rupee falls 20 paise to 93.73 against US dollar in early trade

Mumbai, Mar 24: The rupee fell 20 paise to 93.73 against the US dollar in early trade on Tuesday as the greenback strengthened and global crude oil prices kept rising even after US President Donald Trump signalled that negotiations were underway with Iran.

Trump on Monday said the US was talking with a “respected” Iranian leader and claimed the Islamic Republic was eager for a deal to end the war. He also extended a deadline for Iran to reopen the crucial Strait of Hormuz or face attacks on its power plants, saying it has an additional five days.

However, Iran’s denial of Trump’s claims created uncertainty, pushing up global crude oil prices.

Heavy FII outflows further weighed on the local unit while a strong start in trading at the domestic equity markets cushioned against sharper losses, forex traders said.

At the interbank foreign exchange, the local unit opened at 93.66 against the greenback before slipping to 93.73, down 20 paise from its previous close.

“The rupee which fell to its lowest yesterday at 93.98 (some trade did happen above 94.00 levels also) recovered after Trump said he is postponing his strike on power plants of Iran by five days after talks with Iran, which Iran denied but still market believed in him and rallied,” Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP, said.

“The rupee has been vulnerable due to the rise in oil prices. RBI was present around 93.95 to 93.98 levels and may be present today to keep a tab on the rupee which continues to be vulnerable,” he added.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.42 per cent higher at 99.36.

Brent crude, the global oil benchmark, was trading 3.96 per cent lower at USD 103.9 per barrel in futures trade.

On the domestic equity market front, the Sensex rose 829.40 points, or 1.14 per cent, to 73,525.79, while Nifty was up 234.65 points, or 1.04 per cent, to 22,747.30 in morning session.

Foreign institutional investors sold equities worth Rs 10,414.23 crore on a net basis on Monday, according to exchange data.

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Delhi Assembly receives bomb threat ahead of presentation of budget by CM Rekha Gupta

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Delhi Assembly receives bomb threat ahead of presentation of budget by CM Rekha Gupta

New Delhi, Mar 24: Hours before Chief Minister Rekha Gupta’s scheduled budget presentation at 11:30 am on Tuesday, the Delhi Legislative Assembly received a bomb threat, official sources said.

The threat was received via an email to the assembly at 7:28 am, followed by another email sent to Speaker Vijender Gupta at 7:49 am.

Soon after the bomb threat, security forces rushed to the spot and began carrying out checks and launched an investigation.

“We have heightened security arrangements in and around the premises,” a police source said.

The email reportedly referred to several high-profile dignitaries, including Lieutenant Governor Taranjit Singh Sandhu, Chief Minister Rekha Gupta and Cabinet Minister Manjinder Singh Sirsa.

Police and security agencies have launched a probe to trace the origin of the email, while thorough anti-sabotage checks are underway, the source added.

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Preliminary magnitude 7.6 earthquake strikes near Tonga in South Pacific Ocean

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Preliminary magnitude 7.6 earthquake strikes near Tonga in South Pacific Ocean

Neiafu, Mar 24: A strong preliminary magnitude 7.6 earthquake struck near Tonga in the South Pacific Ocean on Tuesday.

The United States Geological Survey said the quake struck early Tuesday evening local time at a depth of about 237 km.

Earthquakes at shallower depths are felt more strongly at the surface.

The jolt was centred at sea, 153 km west of Neiafu, the second largest town in the island nation.

There were no immediate reports of damage.

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Military plane with 121 aboard crashes in Colombia, dozens killed

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Military plane with 121 aboard crashes in Colombia, dozens killed

Bogota, Mar 24: A military transport plane with 121 people on board, mostly soldiers, crashed shortly after taking off Monday in Puerto Leguizamo, Colombia, killing at least 33 people and leaving at least 81 injured, according to the town’s deputy mayor.

In a video posted on social media, Deputy Mayor Carlos Claros said that the bodies of the victims were taken to the small town’s morgue, and that the only two clinics in town treated the injured before they were flown to larger cities. Puerto Leguizamo is located in Putumayo, an Amazonian province that borders Ecuador and Peru.

“I want to thank the people of Puerto Leguizamo who came out to help the victims of this accident,” Claros told Colombian television station RCN.

Defence Minister Pedro Sánchez said on X that the plane that crashed Monday was transporting troops to another city in Putumayo.

Images shared online by Colombian media outlets showed a black cloud of smoke rising from a field where the plane crashed and a truck with soldiers rushing to the site.

The air force said in a statement that at least 77 people were rescued from the crash site with injuries. A spokesman from the Defense Ministry said that officials are still investigating the final number of fatalities.

A statement from the military command posted online by Colombian President Gustavo Petro had previously confirmed one dead.

The air force said that 121 people were on board the Hercules C-130 plane, including 110 soldiers and 11 crew members.

Media outlets shared videos of soldiers being rushed from the site on motorcycles driven by local residents, while another group of residents tried to put out the fire that the plane crash had created in a field surrounded by dense foliage.

Carlos Fernando Silva, the commander of Colombia’s air force, said details of the crash were not yet known, “except that the plane had a problem and went down about two kilometers from the airport”.

The air force commander added that two planes, with 74 beds, were sent to the area to fly the injured back to hospitals in the capital, Bogota, and elsewhere.

Petro seized on the accident to promote what he called his longtime campaign to modernize planes and other equipment used by his country’s military, saying those efforts have been blocked by “bureaucratic difficulties” and suggesting that some officials should be held accountable. “If civilian or military administrative officials are not up to the challenge, they must be removed,” Petro said.

Critics of the president pointed out that military aircraft have been given less flight hours under the Petro administration due to budget cuts, which leads to less experienced crews.

Erich Saumeth, a Colombian aviation expert and military analyst, said that the Hercules C-130 that crashed on Monday had been donated by the United States to Colombia in 2020. Three years later, it went through a detailed revision known as an overhaul, in which its engine was inspected and key components were replaced.

“I don’t think this plane crashed because of a lack of good parts,” Saumeth said. He said that investigations will have to determine why the engines of the Hercules, which has four propellers, failed so quickly after take off.

In a message on X Monday, Defence Minister Sánchez said that so far there were no signs indicating that the plane was attacked by rebel groups that operate near Puerto Leguizamo.

Sánchez wrote that the accident was “profoundly painful for the country,” adding that: “We hope that our prayers can help to relieve some of the pain”.

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Efforts on to eradicate those with terror links from Govt machinery: LG Sinha

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Efforts on to eradicate those with terror links from Govt machinery: LG Sinha

Jammu, Mar 23: Lieutenant Governor Manoj Sinha on Monday reiterated that all-out efforts were being made to remove those people, who became part of the government machinery despite having terror links.

He asserted that the gritty security grid, comprising Police, Army and CAPFs, was leaving no stone unturned in completely dismantling terror eco-system yet at the same time, J&K administration was endeavouring hard to heal the wounds of terror victims by providing them with the appointment letters.

LG Sinha also described the initiative as not merely a policy correction, but a “new moral declaration for a new Jammu and Kashmir.”

Lieutenant Governor, while speaking to media persons after handing over appointment letters to 37 Next of Kin (NoK) of victims of terrorism, at Convention Centre Jammu, stated that by relaxing rules, the appointment letters were also being handed over to NoK of government employees, who lost their lives in service, to provide a reprieve to such families.

“We know that for a long period, a large number of innocent people lost their lives due to terrorism and its eco-system. You (media) have listened to the first-hand account of the pain and suffering of the terror victims and have also reported to disseminate it to the people at large,” he said.

The Lieutenant Governor stated that the J&K administration had taken an initiative to heal the wounds of terror victims. “Till date, 438 appointment letters have been provided to such people (Next of Kin of terror victims). All the Deputy Commissioners (DCs) and Senior Superintendents of Police (SSPs) have been directed to identify all such cases in their respective districts and recommend them to the General Administration Department (GAD) with the requisite details, at the earliest possible,” he said.

LG Sinha pointed out that every appointment letter was provided after thorough investigation.

“Every appointment letter is given after proper investigation. Once the credentials are satisfactorily checked, only then they are handed over. If an appointment letter goes to even one wrong person, it will create flutter and will be given more prominence in the discussions. There used to be such cases where the people, who died of natural causes while being in government service, would not be provided with the appointment letters. Now we have made a relaxation and the appointment letters are being given in such cases as well. I believe that the J&K administration is making an endeavour to heal the wounds of all such people,” the Lieutenant Governor remarked.

He, however, refused to make any comment to a question related to criticism of the latest Hindi film “Dhurandhar-2” and the demands for banning it given alleged references to “terror ecosystem in politics and governance system” depicted in it.

“I don’t think I need to comment on that. Whatever I’ve said (during the event), I’ve made it emphatically clear that efforts are being made to eradicate all those people, who had terror links and became part of the government machinery. Jammu and Kashmir Police, Army and the CAPF (Central Armed Police Force) personnel are working hard with perseverance to completely wipe out the entire terror ecosystem,” LG Sinha stated.

Earlier during the event, Lieutenant Governor handed over appointment letters to 37 Next of Kin (NoK) of the victims of terrorism.

Appointment letters were also handed over to 29 NoK of government employees who lost their lives in service and beneficiaries in age relaxation cases, under Jammu and Kashmir Rehabilitation Assistance Scheme-2022 and SRO 43.

Paying tribute to the victims of terrorism, the Lieutenant Governor vowed strongest action against the terror ecosystem and terrorist supporters.

“I pledge to the families of terror victims that we will work with full commitment to secure their dignified and honourable lives. We will discharge every duty towards them with utmost seriousness, and we will not rest until justice reaches every family,” the Lieutenant Governor said.

While addressing the gathering, LG Sinha observed that justice to terror victim families was not limited to only punishments but also healing the wounds and restoring dignity.

“Justice also lies in which stories society chooses to remember. Justice also means wiping the tears of grieving families, acknowledging their pain and healing the wounds inflicted on their souls. Justice also means that the stories of terror-victim families, once forgotten, are now being rewritten with renewed memory and honour,” he said.

“We stand at a decisive turning point in J&K today. The youth of the Union Territory and terror victim families aspire to a bright future and wish to live a better life. It is our shared responsibility to make that future a reality and create the opportunities they deserve,” the Lieutenant Governor said.

In the same breath, he issued a stern warning to the remaining elements of the terror ecosystem and conflict entrepreneurs, stating that their era of terror was over.

“The people of Jammu Kashmir know fully well who shielded such terror elements, but that shield is now crumbling. I warn them that there is no longer any safe haven in Jammu Kashmir for terrorists or the networks that support them,” he said.

The Lieutenant Governor reiterated that it was his commitment to ensure that every terror victim’s family received the justice, jobs, recognition and support they deserved after years of suffering.

“Terror victim families remained erased from society’s memory for decades. Among all these stories, the most painful and bitter truth is that these families were let down by the very system whose duty and primary obligation was to protect them. I do not see this merely as an administrative lapse but it was a civilisational failure of that time,” the Lieutenant Governor said.

He said that the terror victim families were harassed by elements of the terror ecosystem and the situation was not simply injustice but it was the complete collapse of social morality.

“The elders of the society must ask themselves some tough questions- what kind of society we had become a few decades ago? How did Jammu Kashmir evolve into a system where the victim became a burden that time and those linked to terror were turned into beneficiaries?” he asked.

“I am confident that these questions will shake our conscience, because such practices hollow out every value that makes a society just. Such darkness had extinguished the very spirit of law, trust, and coexistence,” he said.

The Lieutenant Governor said those who were part of this terror ecosystem and managed to infiltrate government machinery in the past would face the law and they will be systematically removed from government jobs and punished as per the law.

“Those directly linked to terrorism are being dismissed from service, while decades-long neglected terror-victim families are being given government jobs to secure their economic and social dignity. I see this not merely as a policy correction, but as a new moral declaration for a new Jammu Kashmir,” he asserted.

The Lieutenant Governor said, “This is a clear message that a new order has arrived, one that will punish mercilessly those tied to terrorism and will firmly fulfil its duties to restore the dignity of victims. This moral declaration is the announcement of a system that defines justice not only in words, but in deeds.”

Principal Secretary to Lieutenant Governor, Dr Mandeep K Bhandari; Commissioner Secretary, General Administration Department, M Raju; Divisional Commissioner Jammu, Ramesh Kumar; Deputy Commissioner Jammu, Dr Rakesh Minhas; senior officials, members of various social organisations and family members of victims of terrorism were present.

 

 

 

 

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IUST launches plantation week with campus-wide green drive

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IUST launches plantation week with campus-wide green drive

Srinagar, Mar 23: The Islamic University of Science and Technology (IUST) inaugurated its Plantation Week with a plantation drive held across the main campus and the Girls’ Hostel premises.

The drive was formally inaugurated by Prof. Abdul Wahid Makhdoomi, Registrar, IUST, in the presence of university officials including the Finance Officer, Dean Research, Provost Girls’ Hostel, Dean Outreach, NSS Coordinator, Estates division along with students and scholars who actively participated in the initiative. Speaking on the occasion, Prof Makhdoomi emphasized the importance of environmental conservation and the role of educational institutions in promoting sustainable practices and ecological awareness among youth.

The week-long programme will witness plantation drives across multiple locations including the main campus, Skill Development Campus, Alamdar Memorial College of Nursing and Medical Technology, and the Charar-i-Sharief campus.

The initiative is being coordinated by Dr. Aijaz A Qureshi, Assistant Registrar (Landscaping), in collaboration with the J&K Forest Department, Forest Research Institute J&K, Dean Outreach Office, National Service Scheme (NSS), Alpine Club, and the Divisional Forest Offices of Awantipora and Budgam. The drive will actively involve students, scholars, and staff members, reflecting the university’s commitment to environmental sustainability.

Earlier, the University organized a plantation drive last week on the theme “Donate, Plant or Own a Tree” in collaboration with the Department of Sericulture, Government of Jammu & Kashmir. During the drive, mulberry saplings were planted across the campus, contributing to biodiversity conservation.

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US postpones strikes on Iranian power plants, energy sites for 5 days

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US postpones strikes on Iranian power plants, energy sites for 5 days

New Delhi, Mar 23: US President Donald Trump has indicated a possible diplomatic opening in the ongoing West Asia conflict, announcing a temporary halt to planned military strikes against Iran following what he described as “very good and productive conversations” between the two sides.

In a post on his platform Truth Social, the US President said talks over the past two days had focused on a “complete and total resolution” of hostilities.

He also confirmed a pause in escalation, stating that strikes on Iranian energy infrastructure would be delayed for five days to allow discussions to continue.

The full statement, posted in capital letters, read: “I am pleased to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East. Based on the tenor and tone of these in-depth, detailed, and constructive conversations, which will continue throughout the week, I have instructed the Department of War to postpone any and all military strikes against Iranian power plants and energy infrastructure for a five-day period, subject to the success of the ongoing meetings and discussions. Thank you for your attention to this matter! President Donald J. Trump.”

Markets React Sharply

Financial markets responded swiftly to the perceived de-escalation.

Brent crude prices fell sharply by around 13 percent to approximately 96 US Dollars a barrel, reversing earlier gains driven by fears of supply disruption.

European equities also rebounded, with the FTSE 100 recovering to trade 0.5 percent higher after earlier losses exceeding 2 percent.

Natural gas prices similarly eased.

The shift in sentiment reflects investor hopes that tensions around the Strait of Hormuz, a critical artery for global energy supplies, may not escalate further in the immediate term.

Uncertainty Over Talks

Despite the conciliatory tone, significant questions remain.

Iranian authorities have not publicly confirmed the talks, and the nature of the discussions remains unclear.

Analysts say the negotiations could range from a ceasefire framework to more contentious issues such as Iran’s missile programme or nuclear activities.

The statement marks a notable shift from the more aggressive rhetoric seen over the weekend during the early phase of the US campaign, referred to as ‘Operation Epic Fury.’

However, the absence of detail has left diplomats cautious about reading too much into the announcement.

Earlier, reactions across the Gulf remain sharply divided.

In the United Arab Emirates, officials struck a defiant tone, with leadership figures warning that the country would not yield to pressure. Presidential adviser Anwar Gargash said Iran’s “misguided calculations” had only strengthened Abu Dhabi’s resolve to deepen security ties with the United States.

Earlier, Saudi Arabia had also hardened its stance, expelling two Iranian diplomats and warning that whatever trust existed before the conflict had been “shattered.”

Alongside Bahrain, it has backed international efforts to secure maritime routes.

By contrast, Oman has continued to push for diplomacy.

Its foreign minister, in a public intervention, criticised Washington’s approach and urged all sides to return to negotiations.

Strategic Stakes High

At the centre of the crisis lies the Strait of Hormuz, through which a significant share of global oil shipments pass.

While reopening the waterway to normal traffic remains a key international priority, analysts note that Iran’s control over the choke point remains its strongest strategic leverage, making any swift resolution uncertain.

For now, Donald Trump’s announcement has offered a temporary reprieve to markets and raised cautious hopes of de-escalation. However, with no formal confirmation from Tehran and conflicting signals from regional powers, the trajectory of the conflict remains highly unpredictable.

 

 

 

 

 

 

 

 

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CA refuses to take more Test pitch control

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CA refuses to take more Test pitch control

Melbourne, Mar 23: Cricket Australia has ruled out taking greater control over Test pitch preparation, insisting that local curators are best placed to deliver good, unique surfaces despite criticism following the costly Ashes series earlier this year.

Following the two-day finishes in the Perth and MCG Tests, which cost CA nearly AUD 15 million in revenue, the quality of the state pitches came under intense scrutiny. CA CEO Todd Green had also admitted that short Tests are “bad for business”.

But despite the losses, CA is reluctant to opt for a centralised model.

“It’s inconceivable that we could ever control much more than we do now,” CA’s head of operations Peter Roach was quoted as saying by Australian Associated Press.

“In England, you could put in a central curator to go around or New Zealand, or South Africa, because the wickets and the clays and the climates are so similar.

“In Australia, because they’re so different, you could put the best curator in Australia to a different venue and all of a sudden they’re an also-ran for a while.

“Because they wouldn’t know the characteristics and the climate and how those pitches respond to that,” Roach added.

CA currently employs consultant Les Burdett to assist curators, but does not dictate what kind of pitches to be prepared.

They, however, encourage curators to prepare pitches that last at least four days and offer a balanced contest between bat and ball, without resulting in dull draws.|

Roach said CA wants states to embrace their venues’ unique characteristics rather than produce uniform pitches.

“The difference of our pitches across from west to east to north to south is so pronounced and it’s something that we don’t want to change,” Roach said.

“We think it’s a really good competitive advantage that we don’t want to make our wickets all too similar like we see in some other countries.

“Giving curators the chance to explore their unique characteristics is really important. But with that comes a reasonable amount of risk.

“It does mean that occasionally we go wrong … But I think our history is pretty good in terms of working with venues to improve them,” he added.

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Samsung unveils ‘Galaxy Forever’ upgrade plan

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Samsung unveils ‘Galaxy Forever’ upgrade plan

Srinagar, Mar 23: Samsung has introduced ‘Galaxy Forever’, a new ownership model aimed at making its flagship smartphones more accessible to consumers in India.

The programme allows customers to use premium devices such as the Galaxy S26 Ultra and Galaxy S26 Plus by paying only 50 percent of the cost through 12 no-cost EMIs, with an assured buyback option after one year.

Under the scheme, buyers can choose from three options after 12 months—return the device with no questions asked, retain it by paying the remaining 50 percent, or upgrade to a newer Galaxy flagship model.

Samsung said the initiative is designed to cater to the growing demand for premium smartphones while easing the financial burden on consumers. The programme is powered by Samsung Care+ and offers flexibility across payment modes, including credit cards and Samsung Finance+.

Customers opting for credit card payments can either return the device and receive the assured 50 percent buyback value or continue using it by paying the remaining amount through another 12-month no-cost EMI plan.

For those choosing Samsung Finance+, the company said the process is simplified, allowing customers to upgrade easily to the next flagship device or retain their current phone by completing the balance payment as per plan terms.

Samsung Finance+ has been positioned as a financial inclusion tool, enabling easy access to credit with minimal documentation and faster approvals.

The ‘Galaxy Forever’ programme is available through Samsung’s official website and more than 1,500 Samsung Experience Stores across the country.

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Dilapidated bridge, safety lapses raise alarm at Baramulla Eco Park

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Dilapidated bridge, safety lapses raise alarm at Baramulla Eco Park

Baramulla, Mar 23: A dilapidated suspension bridge and lack of safety measures for zipline operations have raised serious concerns at a popular eco park in Baramulla, with locals warning of a potential disaster if urgent steps are not taken.

The wooden suspension bridge over the river Jhelum, which connects the park to the highway, has become a major safety hazard.

Over the past two days, particularly ahead of Eid-ul-Fitr, thousands of visitors—including women, children and the elderly—thronged the park, leading to overcrowding on the narrow structure.

Visitors said hundreds of people were seen crossing the bridge simultaneously, increasing the risk of structural failure. The condition of the bridge has further worsened the situation, with several wooden planks damaged or missing, exposing the river below.

“How can authorities allow such heavy footfall on a bridge that is already damaged? The river is clearly visible through broken sections,” said Bilal Ahmad, a visitor.

Concerns were also raised over unruly behaviour by some, who were seen shaking the bridge, triggering panic among pedestrians, especially women and children.

“There should be security personnel regulating entry to the bridge and limiting the number of people at a time,” said another visitor, Arshad Hussain.

Adding to the risk is a zipline facility operating over the river, which locals allege lacks basic safety arrangements. There is no visible emergency response system, such as rescue boats stationed below, in case of an accident.

“A zipline over a fast-flowing river like the Jhelum must have proper safety mechanisms. Here, there appears to be none,” another visitor said.

Residents also flagged concerns over the zipline being operated during evening hours, when low visibility increases the chances of mishaps.

Locals and visitors have urged authorities to conduct an immediate safety audit of the bridge, regulate crowd movement and enforce strict safety protocols for adventure activities at the site.

“If ignored, this could lead to a tragedy,” a resident warned.

 

 

 

Greater Kashmir

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