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OBCs representation in local bodies: SC gives Karnataka govt time till March 31

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The Supreme Court on Thursday granted the Karnataka government time till March 31, to complete the finalisation of OBCs political representation in local bodies.

Solicitor General Tushar Mehta, representing the Karnataka government, submitted before a bench of Justices S. Abdul Nazeer and Hima Kohli that a commission has been appointed to undertake the process, and it also includes the collection of empirical data for the purpose.

In October, the Karnataka High Court had set aside the state government’s decision to fix 33 per cent quota for OBC in 243 wards of the Municipal cCorporation of Bengaluru. While quashing the August 16 notification of the civic body quota matrix, the high court said that the decision was based on imaginary data and not through a scientific exercise.

The government ‘s decision was based on the recommendation made by a commission headed by former Karnataka High Court judge Justice Bhaktavatsala.

During the hearing on Thursday, counsel, representing the State Election Commission, submitted that it would lead to further delay in holding the polls. At this, the top court said: “This is an opportunity for representation of OBCs. Let them get representation. Give them some time.”

Mehta also contended that the poll panel should not be concerned about the delay.

The bench said that OBCs would not get representation, if polls were to be held without the completion of the process.

Citing the high court’s order, Mehta said a fresh exercise was being conducted to comply with the triple test norm, which was laid down by the top court to give reservation to the OBCs.

After this development, it is expected that there would be further delay in local bodies polls, which includes Bruhat Bengaluru Mahanagara Palike (BBMP) whose term had expired in September 2019.

The high court said the state’s notification for reservation for backward classes, based on the report submitted by the commission, is contrary to the triple test set down by the Supreme Court.

Business

Foreign investors infuse Rs 8,500 crore into Indian equities this week

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Mumbai, April 19: Foreign investors have once again turned their attention to Indian equities, pumping in around Rs 8,500 crore during the week, as per the latest National Securities Depository Limited (NSDL) data.

The inflows came in during just three trading sessions — Tuesday, Wednesday, and Thursday — as stock markets remained closed on Monday and Friday due to public holidays.

This marks a positive turnaround after months of consistent selling by foreign institutional investors (FIIs) in the equity segment. Their return helped the markets end the week on a strong note.

Both the Indian equity indices wrapped up the week on a strong recovery by surging over 4.5 per cent — driven by positive signals from both domestic and global factors.

The rally was primarily fuelled by optimism surrounding the deferral of tariffs and recent exemptions on select products, raising hopes for potential negotiations that could mitigate the impact on global trade.

A key reason behind this fresh wave of investment is the weakening of the US dollar. As the dollar slips and currencies like the Indian rupee gain strength, global investors find it more attractive to move funds from the US to emerging markets like India.

While these inflows bring temporary relief to the markets, analysts say the coming weeks will be crucial.

“Investors will be watching closely to see whether this positive trend continues or if global factors once again influence foreign investment in Indian stocks,” experts noted.

As per market experts, in the coming week, market participants will closely watch the quarterly earnings of major companies like Infosys, HDFC Bank, and ICICI Bank.

Other key players, including HCL Technologies, Axis Bank, Hindustan Unilever and Maruti Suzuki India are also set to release their financial results.

Meanwhile, the expiry of the April derivatives series could add to market volatility. On the global front, any developments related to tariffs and their potential impact on international markets will also be closely tracked, the experts mentioned.

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National News

Uddhav and Raj Thackeray hint at unity to safeguard Maha interests and Marathi language

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Mumbai, April 19: In a significant development, estranged cousins Uddhav Thackeray and Raj Thackeray on Saturday signalled a willingness to set aside their past differences and unite for the larger cause of protecting Maharashtra’s interests and preserving the Marathi language.

Uddhav Thackeray, who leads the Shiv Sena (UBT), and Raj Thackeray, founder of the Maharashtra Navnirman Sena (MNS), voiced strong opposition to the MahaYuti government’s decision to make Hindi a compulsory subject from Classes 1 to 5 in Marathi and English-medium schools.

Both leaders, speaking on separate platforms, suggested they were open to collaboration on issues crucial to the state’s identity and culture — particularly at a time when Marathi has been granted classical language status by the BJP-led central government.

In an interview with actor-director Mahesh Manjrekar, Raj Thackeray said, “The disputes and fights between Uddhav and me are minor — Maharashtra is much bigger than all that. These differences are proving costly for the existence of Maharashtra and the Marathi people.”

He added, “Coming together is not difficult, it’s a matter of will. It’s not just about my desire or selfishness. We need to look at the bigger picture. All Marathi people across political parties should unite and form a single party.”

Raj Thackeray further distinguished his past political decisions from the rebellion led by Chief Minister Eknath Shinde. “I left Shiv Sena when MLAs and MPs were with me. Even then, I chose to walk alone because I couldn’t work under anyone except Balasaheb Thackeray. I had no objection to working with Uddhav. The question is — does the other side have the will to work with me?”

“If Maharashtra wants us to come together, let Maharashtra speak up. I don’t let my ego get in the way of such matters,” he said.

Responding at a Bhartiya Kamgar Sena function, Uddhav Thackeray expressed similar sentiments. “I’m ready to put aside petty disputes. I appeal to all Marathi people to unite in the interest of Maharashtra. But there is a condition — when we pointed out in Parliament that industries were being shifted to Gujarat, if we had united then, we could have formed a government that worked for Maharashtra. We cannot keep switching sides — supporting them one day, opposing them the next, and then compromising again.”

“Anyone who acts against Maharashtra’s interests — I will not welcome them, invite them home, or sit with them. Let this be clear first, and then let us work together for Maharashtra,” he asserted.

MNS general secretary Sandeep Deshpande welcomed the tone of reconciliation but posed a key question — “Raj Thackeray rightly asked — does the other party truly want to come together? Until that is clear, the conversation is incomplete. We all want what’s best for Maharashtra. But do others feel the same way?”

Echoing the sentiment, Shiv Sena (UBT) leader and Leader of Opposition in the Legislative Council, Ambadas Danve said, “As a Marathi manoos, it’s important for all forces to unite. Whether it is Uddhav or Raj, both are brothers. The political context may differ, but at the end of the day, the bond remains. There are many who are willing to mediate in this matter.”

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disaster

Strong 5.8 magnitude earthquake in Afghanistan; tremors felt in Delhi-NCR, J&K

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New Delhi, April 19: A powerful earthquake measuring 5.8 on the Richter scale struck Afghanistan on Saturday afternoon at 12:17 pm IST, as reported by the National Center for Seismology (NCS).

The quake’s epicentre was located at 36.10 degrees North latitude and 71.20 degrees East longitude, with a depth of 130 kilometres. Tremors from the earthquake were felt across several northern regions of India, including Jammu & Kashmir and the Delhi-NCR area.

While there have been no immediate reports of damage or injuries, authorities are keeping a close watch on the situation.

The NCS confirmed the seismic activity via a post on social media platform X.

“EQ of M: 5.8, On: 19/04/2025 12:17:53 IST, Lat: 36.10 N, Long: 71.20 E, Depth: 130 Km, Location: Afghanistan,” NCS said in a post on X.

This event follows a similar tremor that occurred earlier in the week. On Wednesday, a 5.6 magnitude earthquake was recorded in Afghanistan, with its epicentre approximately 164 km east of Baghlan.

The European-Mediterranean Seismological Centre (EMSC) initially reported the quake as 6.4 in magnitude but later revised it to 5.6.

In a related development, the Kishtwar region of Jammu & Kashmir also experienced a mild earthquake measuring 2.4 on the Richter scale on Wednesday morning around 5:14 AM IST.

The tremor occurred at a shallow depth of 5 kilometres.

The United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA) highlights that Afghanistan is extremely susceptible to natural hazards such as earthquakes, landslides, and seasonal floods.

UNOCHA also pointed out that the frequent seismic activity in the region severely impacts already fragile communities, which have endured years of conflict and underdevelopment.

These conditions have significantly weakened their capacity to handle multiple crises at once. According to the Red Cross, Afghanistan has a long history of experiencing powerful earthquakes, especially in the Hindu Kush region, which is known for its intense geological activity and frequent tremors.

The country lies along several major fault lines where the Indian and Eurasian tectonic plates meet. One of these fault lines passes directly through Herat, increasing the area’s risk of seismic events.

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