Calls Grow In Nepal For Restoration Of Hindu State

The investors have pulled back from the precious metal and prices plunged more than 2 per cent during the previous week.

"Israel-Hamas peace negotiations in Cairo raise hopes for a de-escalation of hostilities in the Middle East, increasing investors' demand for risky assets and contributing to a shift away from the safe-haven precious metal" said Ajay Kedia, market expert and head, Kedia Advisory.

He further added "looking at the fundamentals, gold prices seem to be falling till $2290, and the MCX may touch 70500 levels".

According to the market analysts, despite significant gains in gold in recent months, a pullback was deemed necessary. The delay in interest rate cuts by federal reserve supported the dollar index and US treasury yields which led to a downward pressure on gold prices.

A report by Motilal oswal financial services highlights that the advance US GDP data also revealed a sharp slowdown to a 1.6 per cent annual pace in the last quarter amidst high interest rates. The U.S. personal consumption expenditures (PCE) price index remained steady, supporting expectations that the Fed may hold off on interest rate cuts until September.

China's gold consumption surged nearly 6 per cent in the first quarter compared to a year earlier. Physical gold dealers in India charged premiums last week for the first time in nearly two months as a pullback in domestic prices lured buyers, while premiums in top consumer China slipped.

The report also highlights that domestically gold is anticipated to trade within the range of Rs. 71,000-71,800 as market sentiments remain cautious amid evolving economic indicators.

Historically, gold, as an asset, is considered to be a haven as it typically manages to retain or appreciate its underlying value in times of turbulence.

Gold is trading at USD 2,346 per ounce at the time of filing the report and in the April month, it has surged around 7 per cent.

(ANI)

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Aragena village under Tileibani block in Deogarh block is one such village where the elderely prefer to go to bed and students stop reading after evening due to lack of electricity. Dibri lamp doesn't work much to the expectation.  

According to the information, the State government had in 2017 awarded a tender to Odisha Akshaya Shakti Vikash for the establishment of solar energy in Aragena village. Crores of rupees were spent on providing solar lamps to households. However, they ran for two to three months only because no maintenance was done.  

"Since the beginning, nobody from the contractual agency visited my house. The solar system worked for two months only. My family was pushed to darkness again. We prefer to close our doors a little while after the evening. Our children are facing difficulties in studying as it gets dark every day," said a villager. 

Villagers alleged that crores of rupees was lost due to negligence by the contractual agency, Akshaya Shakti Vikash. They blamed the State government for showing undue favour to the contractual agency. 

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Addressing an event in Kirori Mal College here, Jaishankar noted that decisions made at home are keenly followed by the world.

"We are the largest country in the world. We are the fifth largest economy, soon we'll be the third. How we do at home is watched by everybody abroad. What decisions we make at home, is also very keenly followed by the world. So, if we are now in the coming weeks going to decide our future in whatever way we wish, it's not just a conversation amongst ourselves. It's a conversation or a discussion in which the other six billion people are also tuned in. These are all actually aspects of why Bharat matters," he said.

The External Affairs Minister said that people around the world are fascinated by India's technology feats. He called Chandrayaan-3 mission and COVID management among the most impactful thing done by India in the past 10 years.

He said, "Probably much more fascinating to the world is actually those technology feats that we do. I would say in the last 10 years, probably the most impactful thing we have done, other than COVID management, was going to the moon. The Chandrayaan-3 mission has had a huge impact on the perception of Indians abroad. And finally, as I said, a lot of it is about actually a country which has the ability to stand up for itself, for its interests, for its citizens, stand up to pressure, and in a sense, you know, radiate its own persona and its culture."

Speaking about India's global image at the present time, Jaishankar said that the perception of India changed after how India handled the COVID challenge. He noted that India started as a country of "great concern" and ended up as the "source of the greatest support."

He said, "I do want to share with you as someone who travels a fair amount, what is actually our global image today. Because when we say why Bharat matters, at the end of the day, countries matter because there is a perception, there is a branding which has been created. I, from my own travel experiences, thought of six or seven really key points today. When any of you go abroad or you meet someone from abroad, these are actually their perceptions of India."

"One, I would say the dominant one is that this was a country which handled the COVID challenge exceptionally well. It started out as the country of the greatest concern. It ended up as the source of the greatest support. And not just handled the COVID, they actually took the right decisions which enabled us today to become the fastest growing economy, large economy of the world. Because do remember, a lot of countries today have still not recovered from the COVID. That their economic performance even today is still shaped very much by the shock and damage that they suffer during COVID," Jaishankar said.

He also spoke about how India has been bringing its people back home when there is a war or any other emergency situation in another country. He talked about how Indian students were brought back to India under Operation Ganga. Jaishankar noted that there were many nations who asked their citizens that they had to return to their country on their own.
Jaishankar said, "The second is the manner in which we secure our citizens of India. Believe me, that has got everybody's attention in the world. You know, a lot of us rightly are very proud of how - I'll give you an example of how we got our students out of Ukraine in Operation Ganga. As I said, rightly so. But I also want you to know that there were many countries who actually told their students and their citizens, saying, sorry guys, there's nothing I can do. You now have to figure out your own way out."

"And these were not developing countries. They were even developed countries,who actually told their people, you are on your own. So, this change which has come about, that any Indian travelling anywhere has that sense, that look, you know, sometimes people talk about, you know, there's something called a passport index. And the passport index basically is based on how many places you don't need a visa for," he added.

Jaishankar emphasised that the Indian passport is looked at with greater respect and it shows that the government stands with the person carrying that passport. He said that the passport index should include who will come for a person when he or she is in trouble and the system which is willing to back you up when you go out and termed it the "real value of the passport."

He noted, "To me, there is something missing in that index. I would have put which passport are you carrying and who will come for you when you are in trouble. And believe me, if you put that factor in, you will get a very different passport index out there. Not getting a visa and having an ability to travel easily is just one part of it."

"What happens when something goes wrong? Who will look after you? Who has a system which is ready to back you up when you go out? To me, that's the real value of the passport. And if the Indian passport today is looked at with greater respect, as I said, one part of it is what you do at home. But the other is also that people know that this passport means that their government stands behind the person who's carrying the passport," he added.

Stressing that people abroad are fascinated by how things like ration card system and election system work in India, Jaishankar said, "The third is our performance at home. And I often share with my own colleagues in the cabinet and in the parliament that they think that when the foreign minister goes out of India, all the time we discuss foreign policy makes sense."

"But in reality, actually people abroad are enormously fascinated by what we are doing at home in the rest of our lives. They want to know how does your ration system work? How does your election system work? You know, how are you getting your gas cylinder? How are you getting your electricity connection? Why is it that it has changed because they have read all these stories," he added.

Highlighting the infrastructure progress in India, he said that the Indian government has built 40 million houses and given to people who have low income.

"We are speaking about Japan. Let me give you a number related to Japan. In the last 10 years, We have built 40 million houses and given it to people who are eligible in view of their low income. At 4.8 family, which is the average number in India, that means about 190 million people have got houses in the last 10 years. That's one and a half times the population of Japan. Now when you tell somebody in Japan, you know, guess what, I'm actually housing one and a half times your size in the last ten years. They then actually get the scale of what is happening in this country. Then there is of course the infrastructure progress. I think we all live in this country, we can see it every day in different ways," Jaishankar said.

He stated that there is enormous interest in the world in investing in India, knowing in India and travelling in India and stressed that there are lot of possibilities in India as the nation is globalising and creating a pathway by its talent and skill at home has access to a global workplace.

(ANI)