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Russia Ukraine War: Crude oil hits all-time high, markets crash

On Thursday, the Brent crude prices topped the $105 per barrel mark Thursday for the first time since September 2014. On the other hand, the Bombay Stock Exchange’s Sensitive Index, Sensex, crashed over 2,700 points.

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Russia Ukraine conflict: From sunflower oil to fertilisers, these things that are exported from Ukraine are likely to affect Indian economy, here's why

Amidst the ongoing third world war, crude oil prices have surged past 100 dollars per barrel, that is Rs 7,528 per barrel. This is the all-time high of crude oil and it is its highest in seven years after Russia launched an attack on Ukraine. For the uninitiated, Russia is the largest exporter of crude oil and is also the world’s biggest natural gas exporter.

Apart from this, the stock markets also crashed soon after Russia attacked Ukraine. All of this has come as fear for the Indian economy and people are fearing that it will have a direct impact on their pockets.

As the crude oil price went high and the stock market crashed, Prime Minister Narendra Modi held a meeting with Finance minister Nirmala Sitharaman and other senior officials on Thursday evening.

On Thursday, the Brent crude prices topped the $105 per barrel mark Thursday for the first time since September 2014. On the other hand, the Bombay Stock Exchange’s Sensitive Index, Sensex, crashed over 2,700 points, its biggest single-day fall in about two years. Meanwhile, Nifty nosedived 815.30 points or 4.78 per cent to end at 16,247.95.

Chief economist at ICRA, Aditi Nayar, said that if the Indian crude averages $100 per barrel through FY23, the current account deficit could rise to 2.3-2.5% of GDP from an estimated 1.4% in FY22. She further said that the tax revenue assumptions made in the Budget for FY23 are mildly conservative, and may permit an early reduction in excise duty to absorb a portion of the shock related to higher crude oil prices.

In other news, Anand Subramanian, Former National Stock Exchange group operating officer has been arrested this morning by CBI in connection with the ongoing probe about the alleged irregularities in the stock market manipulation case.

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BJP questions Rahul Gandhi over Parliament chaos, Congress calls it distraction

The BJP leader further claimed that the Leader of Opposition Rahul Gandhi started pushing senior party leaders during the protest.

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BJP questions Rahul Gandhi over Parliament chaos, Congress calls it distraction

The BJP today slammed the INDIA bloc led by the opposition parties over the scuffle that took place in Parliament. Union Minister Shivraj Singh Chauhan questioned Rahul Gandhi over the chaos, and called the opposition leaders Goons. He said that the country will never forget whatever happened in Parliament today.

The Union Minister stated that Mallikarjun Kharge and Rahul Gandhi just did a press conference, adding that they thought they would apologise for what they did today. He continued that their press conference displayed their arrogance. He further claimed that what Rahul Gandhi did today is unimaginable by a civilised society.

The BJP leader further claimed that the Leader of Opposition Rahul Gandhi started pushing senior party leaders during the protest. He said that BJP MPs have complained about the incident and they will take all the required legal action.

The BJP leader also accused Rahul Gandhi of entering the Makar Dwar intentionally, adding that security personnel in fact told the Opposition to use the other space on the side to enter, but Rahul Gandhi came there on purpose.

Meanwhile, Congress President Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi held a press conference just minutes before the BJP and accused the saffron party of trying to erase the memories and contributions of the architect of the Indian Constitution, Dr BR Ambedkar.

The statements from both sides came after chaos unfolded outside Parliament on Thursday. Both the BJP and INDIA bloc MPs got engaged in protest, counter-protests, and now a police case has been lodged against Congress MP Rahul Gandhi. These political slugfest occurred over a remark on BR Ambedkar by Amit Shah in Parliament during a debate on the Constitution.

While addressing the media, Congress leader Rahul Gandhi accused the BJP MPs of stopping opposition leaders and said that they were peacefully going to Parliament House from Ambedkar’s statue, but the BJP MPs did not let them go inside. He mentioned that the reality is that the BJP have insulted Dr BR Ambedkar, and the main issue that they want to erase is that there is a case against Narendra Modi’s friend Adani in the United States.

Furthermore, Congress president Mallikarjun Kharge also attacked the BJP MPs for trying to stop opposition leaders at the door. 

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No-confidence motion against Rajya Sabha Chairman Jagdeep Dhankhar rejected, Deputy Chairman calls motion flawed

Deputy Chairman Harivansh in his detailed order called the motion flawed, adding that it was drawn in haste to mar the reputation of the Chairman.

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No-confidence motion against Rajya Sabha Chairman Jagdeep Dhankhar rejected, Deputy Chairman calls motion flawed

The no-trust motion moved by the Opposition against Rajya Sabha Chairman Jagdeep Dhankhar has been rejected by the deputy chairman on the grounds that it was moved to mar the reputation of the Vice President.

Deputy Chairman Harivansh in his detailed order called the motion flawed, adding that it was drawn in haste to mar the reputation of the Chairman. While explaining the reasons for the rejection, the Deputy Chairman pointed out that the mandatory 14-day notice required to move such a motion was not provided.

Furthermore, he noted that Jagdeep Dhankhar’s name was misspelled in the notice. Nonetheless, one protocol that was adhered to correctly was securing the signatures of 60 MPs when the motion was submitted last week.

In the ruling, presented in the House by Rajya Sabha Secretary General PC Mody, the Deputy Chairman stated that the impeachment notice is part of a deliberate effort to undermine the nation’s constitutional institutions and tarnish the reputation of the incumbent Vice President.

Reportedly, the motion, submitted under Article 67(B) of the Constitution, was backed by the Samajwadi Party, the Trinamool Congress and the AAP, leading to an uproar in the Upper House of Parliament.

Notably, for the first time in Rajya Sabha’s history, a motion to remove the Chairman was introduced. The INDIA bloc accused Chairman Jagdeep Dhankhar of acting in a partisan manner, a concern that intensified during the winter session of Parliament.

This winter session has been marked by frequent clashes between the Opposition and the ruling party since it commenced on November 25. While speaking in defence of the Chairman in the Rajya Sabha, Union Minister Kiren Rijiju, called him a farmer’s son who upheld the dignity of the House.

Slamming the opposition MPs, Rijiju added that they have no right to be members if they can’t respect the Chair, mentioning that MPs have taken an oath to protect the sovereignty of the country.

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BJP MP Phangnon Konyak accuses Rahul Gandhi of misbehaving with her, files complaint with Rajya Sabha Chairman

The BJP MP further claimed that Rahul Gandhi misbehaved with her in a loud voice and his physical proximity to her was so close that being a lady member she felt extremely uncomfortable.

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BJP MP Phangnon Konyak accuses Rahul Gandhi of misbehaving with her, files complaint with Rajya Sabha Chairman

Amid massive Parliament chaos, BJP MP from Nagaland Phangnon Konyak filed a complaint with Rajya Sabha chairman against Congress leader Rahul Gandhi, accusing him of misbehaving with her by standing too close and causing discomfort during simultaneous protests by the BJP and Congress outside the Parliament earlier on Thursday. 

In her letter, the BJP MP narrated that he was standing just below the staircase of Makar Dwaar with a placard in his hand. She added that the security personnel had cordoned and created a passage to the entrance right for the moment of MP’s of other parties. Suddenly, Leader of Opposition, Rahul Gandhi along-with other party members came in front of her despite there being a passage created for them, she continued.

The BJP MP further claimed that Rahul Gandhi misbehaved with her in a loud voice and his physical proximity to her was so close that being a lady member she felt extremely uncomfortable.

Konyak further stated that she stepped aside with a heavy heart and denouncing her democratic rights but felt that no Member of Parliament should behave this way.

She further expressed that as a woman and member of the ST community, her dignity and self-esteem were deeply hurt by Rahul Gandhi’s actions and sought the Rajya Sabha Chairman’s protection. Additionally, she also raised the same allegations while speaking at Rajya Sabha.

Later, Rajya Sabha Chairman Jagdeep Dhankhar acknowledged receiving the complaint and stated that he is looking into the matter. Jagdeep Dhankhar said that the woman MP came to him crying, and that he has the information. He added that the BJP MP met him, and she was in a state of shock. The Rajya Sabha Chairman further asserted that he is paying attention to the matter.

Earlier on Thursday, BJP MP Pratap Chandra Sarangi alleged that he was left injured after Rahul Gandhi pushed a parliamentarian who, taking him along, fell down. 

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