Latest news with #Parmar
The Print
18 hours ago
- Business
- The Print
Rupee depreciates 22 paise to 85.61 against US dollar
RBI's Monetary Policy Committee (MPC) will begin deliberations on its bi-monthly policy on Wednesday and the outcome is scheduled to be announced on June 6. According to forex traders, the local unit remained under pressure tracking negative domestic equity markets amid geopolitical uncertainties. Investors are also awaiting cues from the Reserve Bank's monetary policy announcements. Mumbai, Jun 3 (PTI) The rupee depreciated 22 paise to settle at 85.61 against the US dollar on Tuesday, weighed down by a firm American dollar, while selling pressure in secondary markets added further weakness to the currency. At the interbank foreign exchange, the domestic unit opened at 85.55 and moved between the high of 85.44 and a low of 85.63 against the greenback during the day. The unit closed the session at 85.61 against the dollar, registering a loss of 22 paise from its previous close. On Monday, the rupee appreciated 16 paise to settle at 85.39 against the dollar. 'The Indian rupee erased Monday's gains amid risk-averse sentiments, a rebound in the US dollar, and foreign fund outflows. The local currency has been consolidating within a narrow range over the past five days, awaiting fresh triggers — most notably the upcoming RBI policy announcement,' said Dilip Parmar – Senior Research Analyst, HDFC Securities. In the near term, the spot USD/INR is expected to trade between 85.10 and 85.90, Parmar added. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.45 per cent at 99.14. Brent crude, the global oil benchmark, rose 1.56 per cent to USD 65.64 per barrel in futures trade. 'Trade tensions between US and China and renewed geopolitical tensions between Ukraine and Russia may also weigh on the domestic unit. Traders may take cues from job openings and factory orders data from the US,' Anuj Choudhary, Research Analyst at Mirae Asset Sharekhan, said, adding, 'USD-INR spot price is expected to trade in a range of 85.20 to 85.90,' In the domestic equity market, the 30-share BSE Sensex tanked 636.24 points, or 0.78 per cent, to close at 80,737.51, while the Nifty declined 174.10 points, or 0.70 per cent, to 24,542.50. Foreign institutional investors (FIIs) sold equities worth Rs 2,853.83 crore on a net basis on Tuesday, according to exchange data. A monthly survey released on Monday showed India's manufacturing sector growth fell to a three-month low in May, restricted by inflationary pressures, softer demand and heightened geopolitical conditions. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 58.2 in April to 57.6 in May, highlighting the weakest improvement in operating conditions since February. PTI HVA DRR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Time of India
3 days ago
- Time of India
Alert airport staffer returns lost dollars worth 2L to passenger
Ahmedabad: Jyotsanaba Parmar, a member of the housekeeping staff at Sardar Vallabhbhai Patel International Airport (SVPIA) showed that honesty exists even today. Parmar's integrity never wavered when fate tested her. During her early morning duty, Parmar spotted a package with US dollars, forgotten by a passenger near boarding Gate No. 8 of the international terminal. The money came to around Rs 1.5-2 lakh, equivalent to almost a year's salary for Parmar. Without hesitation, Parmar immediately alerted the nearest CISF personnel and informed her supervisor about the lost package. Acting swiftly, CISF members reviewed the CCTV footage and worked with airport staff to identify its rightful owner. After thorough verification and identification of the concerned male passenger, the lost cash was returned to him just before he boarded his flight. Airport officials lauded Parmar's conduct, describing her as a 'Champion of Goodwill'. An airport source confirmed that she will be duly rewarded for her exemplary service.
Indian Express
5 days ago
- General
- Indian Express
Two Odia-medium among 5 new schools start in Surat
After a span of 7 years, the state government has started 5 new schools (secondary and higher secondary) including two secondary schools for Odia-medium students in Surat. The admission process in these schools has started for next academic year. Currently, there are 24 secondary and higher secondary schools in Surat district. With the addition of five new schools, the total number of government schools in Surat will be 29. Sources in the Surat district education office (DEO) said that for the first time two secondary schools will start at the Bhestan and Kosad area in Surat city, especially for Odia-medium students. The Odia-medium students get primary education form Surat Municipal Corporation run Municipal schools. Later, some go back to their native place and continue further education while some quit studies. Surat DEO Bhagirathsinh Parmar said, 'It was long pending demand for Odia-medium students to start secondary school. We have accepted the proposal and started two such schools in Surat city. There are over 10,000 students getting education in Odia-medium. Our motive is that the education of students should not be affected.' Apart from two Odia-medium schools, one English medium secondary school will be started in Laskana, followed by a higher secondary school (General stream) at Kathodara village and one more higher secondary school (Science stream) at Nansad village in Kamrej. One more English medium school has been started in the existing government school at Laskana village. Parmar further added, 'We have sent a proposal to the state government to start five new English medium schools at Katargam (Surat city), Kawas, Olpad, Vankla Godavari villages in Surat district.' He further added, 'For the last few years, Surat city has been topping in the state in terms of highest number of students appearing in the board exams of 10th and 12th standards and highest number of students who have passed and also highest number of students in A-1 grades.'
Time of India
6 days ago
- Time of India
Cop's wife, in-laws get 10 years in jail for driving him to suicide
Ahmedabad: A sessions court in Mehsana has sentenced a woman and three of her family members to 10 years in prison for abetting the suicide of her husband, a police constable. The court also ordered Rs 5 lakh in compensation for the victim's mother. According to the case details, police constable Jagdish Parmar was found hanging from a ceiling fan in his house at the police headquarters in Mehsana on Dec 13, 2017. Two suicide notes were recovered from the scene, prompting his mother to file a complaint against his wife, her parents and brother. The accused, residents of the Shahibaug area in Ahmedabad, faced charges of abetment to suicide, extortion and criminal intimidation. In his suicide notes, Parmar explicitly stated that he was taking his life due to harassment by his wife and in-laws. He wrote that his soul would not rest in peace until his in-laws were punished and specifically named all four accused individuals in the notes. After examining 17 witnesses and reviewing 35 documents, the court established that the wife had deserted the constable husband and returned to her parents. The primary dispute centred around the in-laws' demand that Parmar live separately from his mother. The court found that despite Parmar's repeated efforts to bring his wife back to their matrimonial home, his in-laws demanded Rs 10 lakh as a condition for her return. The court said that the charges of harassment, which drove the man to suicide, and extortion were proven. Additional sessions judge C M Pawar awarded 10 years to the accused for abetment to suicide and three years for extortion. The sentences are to run concurrently, the court stated in the order. It also imposed a Rs 40,000 fine on each of the accused. The court order stated, "When a husband abandons his wife without proper and reasonable cause, the wife is entitled to maintenance and other protections under various legal provisions. However, when the wife, without any reasonable cause, fails to fulfil her social responsibilities towards her husband, chooses to live with her parents and pressures her husband to live according to her conditions while demanding a large sum of money, leading to mental harassment that might drive the husband to commit suicide, it becomes necessary for the court to consider the circumstances and facts of the case to deliver a just decision. " The court ordered that the total fine amount of Rs 1.60 lakh be paid to Parmar's mother as compensation. Additionally, the district legal services authority was directed to provide Rs 5 lakh compensation to the victim's mother.
Time of India
6 days ago
- General
- Time of India
Seattle Public Schools is phasing out its gifted and talented program — find out why
Seattle Public Schools to phase out HCC program amid equity concerns. (AI Image) Seattle Public Schools (SPS) has decided to dismantle its gifted and talented program, sparking widespread debate among parents, educators, and the community. The decision, which began in 2021, aims to phase out the highly capable cohort (HCC) schools by the 2027-2028 school year, citing racial disparities in the program's demographics as the primary reason. The program, designed for students scoring in the 98th percentile or higher, previously served advanced learners at 11 specialized schools, including three elementary, five middle,_green and three high schools. However, a 2020 SPS task force report highlighted a significant overrepresentation of white and Asian students, prompting the district to prioritize racial equity over the continuation of the program. Addressing racial gaps in education The SPS task force noted that the Seattle community expressed discomfort with the racial disparities in the HCC schools, where white and Asian students dominated the enrollment. Fox News reported that the program was among the least diverse in the U.S., with limited access for underrepresented groups. Critics argue that the program's structure, which often required parents to transport children to testing centers on Saturdays with only one opportunity to qualify, favored more privileged families who could afford private testing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Spacious 2, 3 & 4 BHK Homes at ₹88 L+* in Pune Dosti Greenscapes Learn More Undo In response, Washington state introduced a law mandating universal testing to identify gifted students from all backgrounds. Anticipating an influx of students, SPS opted to close the HCC schools and integrate gifted learners into mainstream classrooms under a new 'highly capable neighborhood' model starting next school year. However, doubts persist about the district's ability to deliver on its promise of specialized instruction for these students. Financial and educational implications The decision also has financial underpinnings. According to parent Parmar, the cost per student at Cascadia Elementary, an HCC school, was approximately $7,000—about 50% less than many neighboring schools. Despite this efficiency, SPS is replacing the program with what some, like parent Kiley Riffell, call 'empty promises, zero plan, and zero funding.' Teachers are now tasked with creating individualized learning plans for every student, a requirement many believe is unfeasible due to limited time and resources. Potential consequences for students Parents like Katie McAllister, whose son learned to read at age 4, worry about the impact on gifted learners. She described the program as a 'lifesaver,' noting that her son would have struggled in a regular classroom. Critics warn that this move could disproportionately harm low-income gifted students, as wealthier families may opt for private schools or better districts, leaving others in under-stimulating environments. As the debate continues, the decision underscores the tension between equity and educational excellence in public schools. Ready to empower your child for the AI era? Join our program now! Hurry, only a few seats left.
