Indian equity markets could remain range-bound in Tuesday's session as the Nifty faces a crucial resistance zone around 23,520-23,550 amid persistent geopolitical uncertainty and elevated energy prices. This comes as GIFT Nifty rises 0.34% to 23,519.50 after Brent crude fell below $100. According to Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, the 23,520-23,550 zone is likely to act as an important resistance area for the Nifty in the near term. "A sustained move above 23,550 could extend the ongoing pullback rally towards the 23,700 mark in the short term," Shah said. On the downside, the 23,330-23,300 zone is expected to provide crucial support. Shah said a breach below 23,300 could weaken the near-term structure and potentially result in the index resuming its corrective trend. Market participants are also keeping a close watch on crude oil prices and geopolitical developments, which could influence the sustainability of the recent re...
A video of a court proceeding of Gauhati High Court that was live streamed, has gone viral on social media where the court is heard raising concern over the allotment of nearly 3,000 bighas of land in Assam's Dima Hasao district to a cement company for mining of limestone.
In the video, Justice Sanjay Kumar Medhi expressed astonishment at the scale of the land grant.
"3,000 bighas! The entire district? What is going on? 3,000 bighas allotted to a private company? We know how barren the land is... 3,000 bighas? What kind of decision is this? Is this some kind of joke or what? Your need is not the issue, public interest is the issue," he is heard saying.
The court's observations came in response to submissions regarding the company's operations in the hill district.
Counsel representing the cement firm argued that the land allotted was barren and required for the functioning of the plant.
A Congress delegation, led by Assam Pradesh Congress Committee chief Bhupen Kumar Borah and Leader of the Opposition Debabrata Saikia, meanwhile met the Governor to express the grievances of local communities from Borolokhindong, Tharvelangso, and surrounding villages regarding the proposed mining project.
According to their memorandum, the state government's decision to allocate land in Dima Hasao for mining is being done to favour a corporate entity allegedly linked to the ruling BJP, without considering the welfare and sentiments of the indigenous people.
"The Chief Minister of Assam is making moves to allocate approximately 9,000 bighas of land in the Dima Hasao district to benefit a corporate group with close ties to the BJP. The state government is disregarding the concerns and sentiments of the indigenous communities in Dima Hasao. This issue is a matter of survival and safeguarding the land and rights of the district's local people," the memorandum read.
from NDTV News- Special https://ift.tt/atzxkHy
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