Punjab: Cong leader Joginder Singh Mann joins AAP

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Chandigarh, Jan 15 | Just ahead of the Punjab elections, the Congress on Saturday suffered a setback with its senior Dalit leader and three-time legislator Joginder Singh Mann, 72, joining the Aam Aadmi Party (AAP) in the presence of its national convener, Arvind Kejriwal.

Mann, who a day earlier resigned from the Congress and as Chairman of the Punjab Agro Industries Corporation, has been legislator from Phagwara and was a minister in the Congress during the Beant Singh-led government.

He is known as the biggest Dalit leader of Punjab. Mann is the nephew of Buta Singh, a senior Congress leader and former Union Minister.

After joining the AAP, Mann said it was his wish to get his body wrapped in the Congress flag after his death, but the Congress has become a party of rich and opportunistic people.

“There is no place in the Congress for the poor and the common people. The Congress has completely strayed from its ideals and principles. The Congress government is also completely failing to protect the interests of Dalit children. The scholarship scam for Dalit students was not properly investigated and no one was punished,” he said.

“Therefore, our conscience no longer allows us to remain in the Congress,” he added.

AAP’s Punjab co in-charge Raghav Chadha said Mann’s induction would give a huge boost to the party in the state.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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