Latest news with #Sachdeva
Hindustan Times
5 days ago
- Politics
- Hindustan Times
BJP kicks off exhibition to showcase 11 years at Centre, 100 days in Delhi
The Delhi unit of the Bharatiya Janata Party (BJP) on Monday launched an exhibition at its state office to mark 11 years of the party at the Centre and 100 days of governance in Delhi. The event was inaugurated by Union minister Hardeep Singh Puri, Delhi chief minister Rekha Gupta, and Delhi BJP president Virendra Sachdeva. Speaking at the event, Puri credited Sachdeva with establishing a BJP-led government in Delhi after 27 years, and praised Gupta's tenure, saying she had already achieved significant milestones in her short time as chief minister. The exhibition highlights achievements of both the central and Delhi governments, including free NEET, JEE and CUET coaching for over 150,000 students, an increase in minimum wages, and a campaign to maintain national symbols, statues and flags. It also features ongoing schemes such as the Vaya Vandana Yojana, Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0, and the PM Surya Ghar subsidy programme. Targets for the coming years are also displayed — including installing solar panels on 230,000 homes, setting up 3,000 water coolers, and creating 125 digital libraries in government schools. Gupta described the current regime as a 'double engine government', combining efforts of the Centre and Delhi. 'In 100 days, visible work has taken place across sectors — pollution, water, electricity and roads. We've allocated ₹1.25 lakh crore for road development,' she said. Sachdeva said the exhibition reflected how a government could build public trust and confidence in development within just 100 days. 'We will take it to every district and division in Delhi,' he said.
India Gazette
5 days ago
- Politics
- India Gazette
Delhi: BJP leaders held en route to Bangladeshi High Commission to protest attack on Tagore's ancestral home
New Delhi [India], June 17 (ANI): Several Bharatiya Janata Party (BJP) leaders, including Delhi President Virendraa Sachdeva, were taken to the Chanakyapuri Police Station on Monday evening while they were en route to the Bangladeshi High Commission to protest over the vandalism of Nobel Laureate Rabindranath Tagore's ancestral home in Bangladesh. The detention occurred as the leaders aimed to submit a memorandum demanding action against the incident, which they described as an attack on Bengali and Hindu culture. Sachdeva, speaking to the media before the detention, condemned the act, stating that the Bangladeshi government should take cognisance of such activities and demanded strict action against such extremist acts. 'We condemn the attack on Rabindranath Tagore's ancestral home in Bangladesh... This is an attack on Bengali and Hindu culture... We are marching towards the Bangladeshi High Commission and will give a memorandum... Their government should take cognisance of the activities carried out by the extremists. We will not tolerate this disrespect towards the Hindu and Bengali cultures... We demand strict action against the extremists,' Sachdeva said. Earlier today, BJP workers in Kolkata staged a rally from Sealdah Railway Station to the Deputy High Commission of Bangladesh, protesting the vandalism of Tagore's ancestral home in Bangladesh. The demonstration, led by prominent BJP leaders including Agnimitra Paul and Locket Chatterjee, highlighted the growing concerns over the safety of minorities and the cultural heritage shared between India and Bangladesh. The rally saw participants demanding accountability from the interim government of Bangladesh, led by Muhammad Yunus, over the incident. Earlier, the Ministry of External Affairs condemned the 'vandalism' of one of the ancestral homes of Rabindranath Tagore located in Bangladesh. Addressing a media briefing, MEA spokesperson Randhir Jaiswal said that the violent act is a disgrace to the memory and the inclusive philosophy and the teachings of the Nobel laureate. When asked about reports coming out of Bangladesh on the issue of vandalism of the ancestral home of Rabindranath Tagore, the MEA Spokesperson said, 'We strongly condemn the despicable attack and vandalisation of the ancestral home of Gurudev Rabindranath Tagore by a mob on June 8, 2025. The home, historically called Rabindra Kutcherybari, is located in the Sirajganj district of Bangladesh. The violent act is a disgrace to the memory and the inclusive philosophy and the teachings that the Nobel laureate espoused in Bangladesh.' He further noted, 'The attack falls in the broad pattern of the systematic attempts by the extremists to erase the symbols of tolerance and eviscerate the syncretic culture and the cultural legacy of Bangladesh.' Calling the perpetrators of the act as 'terrorists', MEA urged the interim government to take strict action against the perpetrators. 'We urge the interim government to rein in the terrorists and take strict action against the perpetrators, preventing the recurrence of such incidents that sadly have become a repetitive feature,' the Spokesperson said. (ANI)
Time of India
7 days ago
- Time of India
Facing salary cut for absence, exe engineer accuses DM of assault
Varanasi: An executive engineer of the irrigation department in Azamgarh district, Arun Sachdeva, sent a letter to his senior officers alleging district magistrate Ravindra Kumar misbehaved and assaulted him at his office. The DM, however, refuzed to comment on these allegations. Though the DM did not comment, copies of one of his orders went viral on social media late Saturday evening and it was stated therein that DM and SP went to areas affected by floods annually for inspection on May 25 and Sachdeva, executive engineer of the department's flood division in Azamgarh, was found absent. When officials tried to ascertain his location, Sachdeva was found in Gorakhpur, despite the DM's order not to leave district headquarters without permission from official concerned. His act was termed as indiscipline and violation of the order of a senior officer. The DM ordered to hold back his salary for the May. Sachdeva was also targeted by senior officials as he allegedly avoided providing a list of areas that were affected by floods every year. A letter from Sachdeva, addressed to the head of the irrigation department in Lucknow, went viral on social media on Saturday. In the letter, Sachdeva alleged that the DM summoned him to his camp office on Friday and that he was asked to deposit his mobile phone at the office before entering the DM's chamber. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Walgreens Is Fuming Over New 87¢ Generic Viagra — See Why fridayplans Learn More Undo Sachdeva alleged that the DM assaulted and misbehaved with him. Sachdeva informed chief engineer of the flood division about the matter and wrote a two-page letter to the department head, expressing his inability to work in the district. When reporters tried to contact Sachdeva, he refused to speak about the incident, mentioning he had already conveyed his concern to higher authorities through a letter. On the other hand, when the DM was contacted, he denied making any comment and stated that he had been sent by govt to accelerate pace of development work and welfare programmes and was doing the same.
Mint
14-06-2025
- Business
- Mint
Gold price outlook: Experts see MCX gold rate at ₹1.05 lakh if Israel-Iran war further escalates
Gold prices on the Multi Commodity Exchange (MCX) surged past the ₹ 1 lakh-mark on Friday, driven by robust safe-haven demand following a sharp escalation in geopolitical tensions between Israel and Iran. Renewed conflict in the Middle East, expectations of interest rate cuts, and a risk-off sentiment across financial markets collectively contributed to the rally in the yellow metal. MCX gold rate settled 0.04% higher at ₹ 1,00,314 per 10 grams after touching an intraday high of ₹ 1,00,681. Meanwhile, MCX silver prices declined marginally by 0.02% to ₹ 1,06,474 per kg, after hitting a high of ₹ 1,06,940 during the session. In the international market, spot gold price surged 1.3% to $3,428.10 an ounce, inching closer to its all-time high of $3,500.05 set in April. For the week, prices gained approximately 4%. US gold futures also advanced 1.5% to settle at $3,452.80. 'The latest upswing has been fueled by renewed conflict in the Middle East, particularly the Israeli strikes on Iranian nuclear infrastructure, which have significantly increased global risk aversion, reinforcing gold's appeal as a safe-haven asset,' said Sugandha Sachdeva, Founder of SS WealthStreet. She further noted that the US Dollar Index, which peaked at 110.18 in January, has since dropped to a three-year low, weighed down by disappointing economic indicators and policy uncertainty amid renewed tariff measures. 'The sharp decline in the dollar index has been a key catalyst driving gold higher. Additionally, easing inflation—with the US CPI cooling to 2.4% in May, below expectations—has raised prospects of a rate cut by the Federal Reserve, potentially as early as its June 18 meeting,' Sachdeva added. Markets are now increasingly pricing in a cumulative 50 basis points rate cut in 2025, lending further support to bullion prices. Gold has delivered stellar returns so far this year, rising 31% year-to-date (YTD) and consistently posting record highs. The metal has reaffirmed its position as one of 2025's top-performing asset classes and a reliable hedge against macroeconomic and geopolitical uncertainty. From ₹ 7,638 in 2005 to over ₹ 1,00,000 in June 2025, MCX gold prices have soared by an impressive 1,200.84%. In comparison, silver has gained 668.84% over the same period. Notably, gold prices have rallied by ₹ 10,000 in just the past 74 days. The asset has delivered positive returns in 16 of the last 20 years, highlighting its resilience and investor appeal. 'This sustained rally is being driven by a confluence of global macroeconomic and geopolitical factors. These include heightened economic uncertainty, anticipated rate cuts by the US Fed, aggressive central bank gold purchases, and rising geopolitical tensions,' Sachdeva observed. With supportive macroeconomic drivers and strong momentum, the outlook for gold remains bullish in the near term. According to Sachdeva, if tensions in the Middle East escalate further, another wave of safe-haven buying could propel gold prices toward the $3,500 mark. 'A breakout above that level could drive prices even higher toward the $3,590 per ounce where prices are likely to witness some resistance. In the domestic market, MCX gold is potentially heading towards ₹ 1,05,000 per 10 grams, with near-term support seen at ₹ 96,200 level,' Sachdeva said. NS Ramaswamy, Head -Commodity Desk and CRM at Ventura Securities, expects COMEX gold price to create a fresh high of $3,540 in the short term, with resistance at $3,476, and support seen at $3,400 - $3,345 levels. 'MCX gold August futures presently has support at ₹ 98,900, and is poised to surge to ₹ 1,02,000 in the short term,' said Ramaswamy. Goldman Sachs reiterated its forecast that structurally strong central bank buying will raise the gold price to $3,700 per ounce by end-2025 and $4,000 by mid-2026. BofA sees a path for gold to rally to $4,000 per ounce over the next 12 months.
Mint
14-06-2025
- Business
- Mint
Gold price outlook: Experts see MCX gold rate at ₹1.05 lakh if Israel-Iran war further escalates
Gold prices on the Multi Commodity Exchange (MCX) surged past the ₹ 1 lakh-mark on Friday, driven by robust safe-haven demand following a sharp escalation in geopolitical tensions between Israel and Iran. Renewed conflict in the Middle East, expectations of interest rate cuts, and a risk-off sentiment across financial markets collectively contributed to the rally in the yellow metal. MCX gold rate settled 0.04% higher at ₹ 1,00,314 per 10 grams after touching an intraday high of ₹ 1,00,681. Meanwhile, MCX silver prices declined marginally by 0.02% to ₹ 1,06,474 per kg, after hitting a high of ₹ 1,06,940 during the session. In the international market, spot gold price surged 1.3% to $3,428.10 an ounce, inching closer to its all-time high of $3,500.05 set in April. For the week, prices gained approximately 4%. US gold futures also advanced 1.5% to settle at $3,452.80. 'The latest upswing has been fueled by renewed conflict in the Middle East, particularly the Israeli strikes on Iranian nuclear infrastructure, which have significantly increased global risk aversion, reinforcing gold's appeal as a safe-haven asset,' said Sugandha Sachdeva, Founder of SS WealthStreet. She further noted that the US Dollar Index, which peaked at 110.18 in January, has since dropped to a three-year low, weighed down by disappointing economic indicators and policy uncertainty amid renewed tariff measures. 'The sharp decline in the dollar index has been a key catalyst driving gold higher. Additionally, easing inflation—with the US CPI cooling to 2.4% in May, below expectations—has raised prospects of a rate cut by the Federal Reserve, potentially as early as its June 18 meeting,' Sachdeva added. Markets are now increasingly pricing in a cumulative 50 basis points rate cut in 2025, lending further support to bullion prices. Gold has delivered stellar returns so far this year, rising 31% year-to-date (YTD) and consistently posting record highs. The metal has reaffirmed its position as one of 2025's top-performing asset classes and a reliable hedge against macroeconomic and geopolitical uncertainty. From ₹ 7,638 in 2005 to over ₹ 1,00,000 in June 2025, MCX gold prices have soared by an impressive 1,200.84%. In comparison, silver has gained 668.84% over the same period. Notably, gold prices have rallied by ₹ 10,000 in just the past 74 days. The asset has delivered positive returns in 16 of the last 20 years, highlighting its resilience and investor appeal. 'This sustained rally is being driven by a confluence of global macroeconomic and geopolitical factors. These include heightened economic uncertainty, anticipated rate cuts by the US Fed, aggressive central bank gold purchases, and rising geopolitical tensions,' Sachdeva observed. With supportive macroeconomic drivers and strong momentum, the outlook for gold remains bullish in the near term. According to Sachdeva, if tensions in the Middle East escalate further, another wave of safe-haven buying could propel gold prices toward the $3,500 mark. 'A breakout above that level could drive prices even higher toward the $3,590 per ounce where prices are likely to witness some resistance. In the domestic market, MCX gold is potentially heading towards ₹ 1,05,000 per 10 grams, with near-term support seen at ₹ 96,200 level,' Sachdeva said. NS Ramaswamy, Head -Commodity Desk and CRM at Ventura Securities, expects COMEX gold price to create a fresh high of $3,540 in the short term, with resistance at $3,476, and support seen at $3,400 - $3,345 levels. 'MCX gold August futures presently has support at ₹ 98,900, and is poised to surge to ₹ 1,02,000 in the short term,' said Ramaswamy. Goldman Sachs reiterated its forecast that structurally strong central bank buying will raise the gold price to $3,700 per ounce by end-2025 and $4,000 by mid-2026. BofA sees a path for gold to rally to $4,000 per ounce over the next 12 months. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
