- 2 days ago
Karnataka Chief Minister Siddaramaiah has told his cabinet that he has sought approval from the Congress high command for a major cabinet reshuffle after the Bihar elections, sources said. During a dinner meeting with ministers, he reportedly indicated that 10 to 12 ministers may be replaced to bring in new faces.
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00:00We're now getting some breaking news from the state of Renataka and amid the cabinet rejigged
00:05Nataka in the state of Renataka. As per sources were learning that the Chief Minister wants
00:1010 to 12 ministers to be dropped from the cabinet and Sidra Maya aims for big cabinet reshuffle
00:17and as per sources Sidra Maya also seeks high command's permission for this. Chief Minister
00:22Sidra Maya informs cabinet of the rejigged move. So that's the latest that's coming in from
00:27Renataka where Chief Minister Sidra Maya reportedly wants 10 to 12 ministers to be dropped from
00:33the cabinet. In fact, he aims for big cabinet reshuffle and he has also sought high command's
00:39permission for this.
00:57So that was Karnataka Chief Minister Sidra Maya emphasizing that the high command does take decision but
01:18it's also crucial that the person has the support of the legislators. So he is emphasizing on the
01:26importance of the legislators' support. Of course, the high command also is important in taking decisions
01:32but as per sources were learning that there's a cabinet rejigged that is likely in the state of
01:38Karnataka as the Chief Minister Sidra Maya wants 10 to 12 ministers to be dropped from the cabinet.
01:43He aims for a big cabinet reshuffle and he has also sought high command's permission for this.
01:50In fact, Chief Minister Sidra Maya informed the cabinet as well of the rejigged move. So 10 to 12
01:56ministers are likely to be dropped. This is what Chief Minister Sidra Maya wants in the state of
02:01Karnataka and as he aims for big cabinet reshuffle, in fact, he has also sought the high command's
02:08permission for this.
02:09My colleague Sagai Raj is now joining us with more details on this. Sagai, as per sources, we're learning
02:15that a big cabinet reshuffle is likely in the state of Karnataka, which Chief Minister Sidra Maya wanting
02:2010 to 12 ministers to be dropped. Give us more details.
02:24So what we get to learn through our sources is that there was discussion over reshuffle of cabinet and
02:31the message was indirectly shared with the ministers who were present at the dinner meeting where they said
02:39that if at all, if there is any kind of changes, the high command will decide. And if the ministers
02:44are dropped from the cabinet, they'll be informed well in advance and all decisions will be taken by
02:51high command when it comes to the cabinet reshuffle. And he has indirectly asked all the ministers to
02:57mentally get prepared for this reshuffle.
03:00I do stay with us. So that's the latest that's coming in. A cabinet reshuffle is likely in the state
03:07of Karnataka with the Chief Minister Sidra Maya wanting to drop 10 to 12 ministers from the cabinet.
03:12And we're now getting some more breaking news. Bengaluru's unending garbage shame. After Black
03:27Park, now Kiran Mazumdar Shaw slams Congress government in Karnataka for terrible state of
03:31roads and garbage and also lack of infrastructure. Another blow to brand Bengaluru. Bayekon Chief
03:38Kiran Shaw reveals garbage shame for Bengaluru. She also reveals garbage heap before global investors.
03:45After Black Park, now another Bengaluru red flag.
03:50My colleague Sagai continues to stay with us. Sagai, after potholes, garbage shame for brand
03:55Bengaluru as this issue is being raised by Kiran Mazumdar Shaw, who is slamming the Congress
04:01government and is urging the government to take immediate action.
04:05Absolutely. She has pointed out that she was in China all this while and she could see the
04:14changes which has happened in China. And she has also went on to say that when investors reach out
04:20to our office, there were a lot of questions which have been raised by them. Why the roads are like this?
04:24Why they are littering every single nook and corner? And she has also questioned that
04:30when there are wins in favourable of Karnataka Congress government, why there is no intent to
04:37go ahead and apply to bring the changes in the city and the state? Where she has questioned that
04:41why the government is not showing any kind of intent to clear the garbage and ensure that there are
04:47better corridors for the people.
04:48And we earlier saw how Bengaluru was bashed for the potholes that has also led to several deaths and now
04:56this garbage issue also coming up. How does this dent the entire image of Bengaluru and how does this
05:04impact business? And do we have any reaction coming in from the Congress government over this issue?
05:09D.K. Shukumma spoke to India today exclusively when we did a reality check on potholes. That's when he
05:15went on to say that they are trying to do to clear the garbage and it is the will of the people. People,
05:23no matter what kind of awareness program that has been done by the government and no matter what kind of
05:28facilities that they give to dispose the garbage. And even if you notice that every single household get
05:34a vehicle every single morning and many of them dump the garbage but many of them throw litter every nook and corner. So, he says that
05:43people should get educated and people should voluntarily ensure that they should keep their premises clean. That's when
05:50they can address all these issues. So, he is passing the buck on the people saying that they are not following the rules,
05:55they are dumping wherever they want, but the government is trying their level best.
05:59All right, Sagai, thank you for getting us all those details. So, another blow to brand Bengaluru with Kiran
06:05Nazoom Darsha now bashing and slamming the Congress government in the state of Karnataka for heaps of garbage in the city.
06:22And we're now getting some more breaking news from the national capital. Delhi student claims gang rape bid.
06:27South Asian University student lodges FIR. Four people in alleged gang rape bid in Delhi. The survivor claims
06:34they tore my clothes and molested me. CCTV images are now being scanned to nab the accused. So, that's the
06:40breaking news that's coming in from the national capital where a student has claimed gang rape attempt.
06:45South Asian University student has now lodged an FIR. Four people in alleged gang rape bid in Delhi. The
06:52survivor claims that they tore my clothes and molested me and now CCTV images are being scanned to nab the
07:00accused in this case. So, that's the breaking news that's coming in from Delhi where South Asian
07:08University student has claimed that there was a gang rape bid by four people and she has also lodged an FIR. Four
07:17people in alleged gang rape bid in Delhi. And in fact, the survivor also narrated the ordeal stating that
07:25they tore her clothes and molested her. And the police is now scanning the CCTV images to nab the accused.
07:33My colleague, Arvind Hojha is now joining us with more details on this. Arvind,
07:37what's your knowledge about this whole case? There is a gang rape attempt
07:41from South Asian University student. And the name of four people.
07:48Yes, absolutely. This is a BTEC first year student. And 15 days before this is a hostel.
07:55It was a type of complaint. The police did that on South Asian University.
08:01There is an under construction site where four people tried to take a gang rape
08:05to the gang rape. Although the ROP is not quite perfect in their purpose of their intention.
08:12However, the police have been doing it with this. And then the police did the medical examination.
08:17Thank you very much.
08:47Thank you very much.
09:17Thank you very much.
09:22Thank you very much.
09:24We're now getting some more breaking news.
09:47U.S. President Donald Trump mixes dollar with diplomacy.
09:51Trump was caught on hot mic discussing potential business deal with Indonesian President.
09:57In a hot mic moment, Indonesian President Prabowo Subianto was heard asking Donald Trump if he could meet Trump's son, Eric, who serves as Executive Vice President of the Trump Organization.
10:07Trump responded, he's such a good boy.
10:10I'll have Eric call.
10:12After Pakistan, Trump now appears to be exploring a potential business connection with Indonesia, speaking to its president about a deal possibly involving his son, Eric, who holds no government position.
10:23So, peace deal.
10:25No, it is business deal for Donald Trump.
10:27Trump uses Gaza meeting for family business.
10:31Embarrassing hot mic moment for Trump caught on the mic.
10:35The whole conversation was on the hot mic.
10:38Trump lobbies for son Eric's business.
10:41Trump also pushes son's business with the Indonesian President.
10:45So, Pakistan in pocket and Donald Trump now eyes Indonesia.
11:15The whole conversation was on the hot mic.
11:45And India today's Geeta Mohan is now joining us with more details on this.
12:05Geeta, on a global stage, we saw Donald Trump discussing family business with Indonesian President.
12:12We have seen him have business conversations on the sidelines of many a meeting that he goes or events that he goes for, some studies held.
12:24And this time around, a hot mic moment with the Indonesian President, where he seems to be having a conversation with regards to a private deal, given that the person in question is a private individual, Trump's son, Eric Trump.
12:43And Trump is heard saying he will have Eric call the president.
12:51So, after all the personal deals that we've seen of the Trump family in various countries, where the stakeholders, including his own son-in-law in the Middle East, the stakes he has in Saudi Arabia, the stakes he has in Israel.
13:08Now, we're looking at President Trump engaging in Indonesia for Eric Trump.
13:16Right. Geeta, thank you so much for those details and for that context.
13:19Let's once again take a look at the conversation between Donald Trump and the Indonesian President.
13:23He is a scientist.
13:39Is there a region?
13:48Yeah, yeah, that was it.
13:50I can't hurry also, but I can't hurry.
13:54Yeah, but we'll look for a better place.
13:57Yeah, all of them.
14:01Okay.
14:03Yeah, yeah.
14:18Donald Trump was seen mixing dollar with diplomacy.
14:21He was caught on hot mic discussing potential business deal
14:24with the Indonesian president.
14:26In a hot mic moment, Indonesian president was heard asking Donald Trump
14:30if he could meet Trump's son, Eric,
14:33who serves as executive vice president of the Trump organization,
14:37to which Trump responded,
14:39he's such a good boy, I'll have Eric call.
14:42So after Pakistan, Trump now appears to be exploring a potential business connection with Indonesia,
14:48speaking to its president about a deal possibly involving his son, Eric,
14:52who holds no government position.
14:54So it's a business deal for Trump on global stage.
14:59And our shifting focus, investors seeking to invest in precious metals are increasingly turning to silver rather than gold,
15:10as silver prices have surged at a faster pace and offered higher returns.
15:14Over the past nine months, the price of silver has doubled, rising at roughly twice the speed of gold.
15:20Take a look at this report.
15:30In recent days, silver has stolen the spotlight.
15:33What started as a steady climb has turned into a sprint.
15:37And consumers are feeling it.
15:42In global markets, silver has surged roughly 56% on year,
15:47and in just the past month, prices have jumped nearly 16%.
15:52In India, the domestic silver market has mirrored the rally,
15:56and in some cases also exceeded it.
16:04The per kilogram rate has crossed 1,63,000 rupees in many cities.
16:10A massive 90% jump this year and a more than 30% jump in just a month.
16:16So, big gains and fast.
16:20This is happening just as India heads into its festive season.
16:25With Diwali around the corner, many households and retailers are turning to silver for gifting,
16:31Pooja, small tokens, souvenirs, even as cheaper luxury compared to gold.
16:37The fear is, buy now or miss out.
16:42But there's a twist.
16:45Mutual funds that run silver exchange traded ETFs are now pulling the brakes.
16:51Several have stopped accepting fresh lump sum and switching subscriptions into silver ETF fund or funds.
16:58Their reason?
16:59A shortage of physical silver in India and steep premiums in the domestic market.
17:04The scarcity means ETF houses cannot efficiently convert investor inflows into physical metal,
17:11the core requirement of a bullion ETF.
17:15Here's what's happening at the ground level.
17:17As demand runs ahead of supply, silver is trading at premiums of 10-18% above international prices.
17:24Normally, this premium would be around half a percent.
17:29Many dealers and jewellers have slowed or even stopped fresh orders.
17:33Some report wait times of 4-7 days for delivery with spot premiums of Rs. 2-3,000 per kg in local markets.
17:43This is actual supply tightness in the metal.
17:47But yes, some speculative buying is there right now.
17:49And what is happening is more exciting that now the physical silver, it is $3 premium as compared to the future silver.
17:58It is not happening in normal circumstances.
18:01So, this is supply tightness in silver and this is the war between buying between physical silver and digital silver.
18:10Kotak Mutual Fund has suspended new inflows, citing a domestic supply squeeze which is inflating premiums.
18:17UTI Asset Management has halted new investments in its UTI Silver ETF fund of funds, explicitly pointing to a shortage of physical silver.
18:27Even SBI has joined in, causing fresh lump sum subscriptions in its SBI Silver ETF fund of funds, citing lack of physical silver to back new units.
18:38Gold, too, is under pressure, though not as acutely in terms of supply.
18:44Gold prices have hit more than 40 record highs this year.
18:48The rally in both metals has been fed by global uncertainty, weak dollar expectations and investor demand for safe assets.
18:57For a consumer, someone who buys silver coins or small silver items as gift or for future safety, this is a tricky moment.
19:06What has added to the surge in demand for silver is the decision by the United States in August to add it to the list of critical materials.
19:31This was in part due to it being viewed as just more than a precious metal.
19:36As its demand surges across renewable energy, electronics, artificial intelligence and defence applications, it has also joined gold as a choice of reserve for many central banks.
19:50Meanwhile, in the glow of festive lights, silver finds itself in a rare squeeze.
19:56And for buyers and small investors, caution matters more than haste.
20:01Bureau Report, Business Today Television.
20:05And with that, it's a wrap on this bulletin.
20:10Thank you for watching India Today.
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