Election Financial News

What's 'One Nation, One Election' The concept revolves around conducting simultaneous elections for both Lok Sabha and State Assemblies throughout the country. Prime Minister Narendra Modi has been a long-time advocate of this idea. Currently, elections for state assemblies and the Lok Sabha take place independently, either upon the completion of a five-year term for the existing government or in the case of dissolution due to various reasons.

Manish Singh, Market Expert, says the reason the Fed is going to cut by 50 bps and why it should cut 50 bps is that if the inflation is on track to be at 2%, (it is at 2.5% now), what justifies the rates being this restrictive, as we have seen the most rapid increase in rates in the last 40 years. The rates have been at 5.25% for 14 months. What justifies it being at this high restrictive level? There is no point. So, for that reason you are going to get 50 basis point cut. While most analysts were holding the view that the American economy is fine, there is no recession right now or even on the horizon, a soft landing with a 25 basis point cut was turning up to be the consensus view. But now things have slightly changed in the run-up to the FOMC meet. Have not they? A 50 basis point rate cut does not seem completely unlikely. Manish Singh: No, it is not unlikely and we are going to get that and it is justified. Because if you look at where the two-year rate is, the two-year treasury yield is at 3.57% and the upper bound of the Fed fund rate is 5.5%, so we are talking about 190 basis point spread. You have to go back to 2008 to see the spread this wide.

Both leading candidates in Sri Lanka's presidential election are promising to give land to the country’s hundreds of thousands of plantation workers, but the long-marginalized group has heard promises like these before

Maharashtra Deputy Chief Minister Ajit Pawar expressed disappointment on Tuesday over the lack of recognition for his development efforts in Baramati. Despite securing significant funds for the constituency, Pawar feels his contributions have not been fully appreciated by the people. He highlighted the importance of acknowledging achievements, noting that even completed work can be overlooked if not properly highlighted. Pawar reflected on his loss in the Lok Sabha elections, accepting responsibility but pointing to challenges such as the Covid pandemic and limited time out of power, which he said reduced his productive years to three. Despite the substantial funds Baramati received, Pawar believes his efforts have been taken for granted.

In a post on X, Kharge said that the people of Jammu and Kashmir are eager to safeguard their rights and embark on a new era of true development and full statehood. «As the first phase of voting in 24 Assembly constituencies commences, we urge everyone to exercise their democratic right and vote in large numbers. Every single vote holds the power to shape the future and bring about an era of peace, stability, justice, progress, and economic empowerment. We appeal to all, especially first-time voters, to participate in this crucial election and be the catalysts for change,» Kharge said in the post.

Till 9 am, the overall voter turnout across seven districts is at 11.1%. Read More: Jammu and Kashmir Election Live Updates

Investors in India are shunning stocks that were expected to benefit from Prime Minister Narendra Modi’s re-election, and instead piling into defensive sectors. An index of the so-called Modi stocks, a term coined by CLSA, has climbed only 2% as the prime minister completed his first 100 days in office after winning a third term in early June. In contrast, consumer and software stocks have rallied 20% and 34%, respectively.

Subscribe to enjoy similar stories. Arvind Kejriwal has resigned as Delhi’s chief minister, and cabinet minister Atishi has been chosen as his replacement until elections, which are likely to be held in early 2025, when Kejriwal will seek a fresh mandate from the people.

Election Commission of India said. As many as 219 candidates are competing in the first phase.

(This story originally appeared in on Sep 18, 2024)

Jammu and Kashmir, officials conducted mock polls at various polling booths across Union Territory. Preparations and mock polls are underway in various polling booths across Jammu and Kashmir, including Banihal, Kishtwar, and Jagti Assembly constituencies. Presiding Officer of Lachh Khazana-B, FCI Store Kuleed Polling station Number 75, Ashukta Shaheen, said "Mock polling has been completed. All the preparations have been done. The voters can come and cast their votes after 7 AM..."

Nikki Haley says she's launching a weekly talk show on SiriusXM satellite radio starting next week

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Donald Trump is currently a leading favorite to win the US elections but there are severe concerns on what the condition of the US economy could end up to be if he comes to power. Trump's promises around tax cuts, tariffs and immigration could lead to serious inflation, feel economists, and if things take a turn for the worse after the elections, it could hurt the US economy so badly, that it could take an entire administration period to mitigate the damages.

The Alternative Minimum Tax is an example of silly taxation policy creating complexity and it needs to be abolished — here’s why.

US election 2024 results day are surely going to be action-packed as more and more Republicans and Democrats are saying they won't accept a defeat for Donald Trump and Kamala Harris respectively, as per a report. Around 46 per cent of Republicans have claimed that they will not accept results if Trump is defeated. Similarly, 27 per cent of Democrats will accept a electoral defeat for Kamala Harris, USA Today reported citing World Justice Project report. Also Read: Why the iconic yellow school bus in the U.S is becoming a relic of another era?

Fed rate cut is directly targeted at battling the inflation levels in the United States, and also halt the recession in its tracks, but there is still some more insight needed as to how much the move will affect the markets beyond the US. There are chances that the global markets will resonate the impact of the Fed rate cut, and countries like China, which exports heavily to the United States, could be among the ones most affected by the call.

Most of the counties in the US will have the facility of early voting which will take place at a specific location that will be the Office of the Clerk County and at some specific or chosen precints, some temporary polling stations will also be available. According to the Illinois Policy, the voters will have the chance of casting their vote for the White House, the Illinois Supreme Court, Illinois General Assembly, U.S. House, Chicago School Board and the Municipal Governments. Also Read: Are Jennifer Lopez & Ben Affleck reconciling? Rumors fly on social media

Laura Loomer's increasing power within Donald Trump's inner circle has drawn the attention of Sarah Matthews, a former press assistant in the White House. Why Loomer's affiliation with Trump is concerning was explained by Matthews on MSNBC's Jen Psaki program. At significant occasions like a 9/11 memorial service and a presidential debate, Loomer—who is well-known for her conspiracy theories and far-right opinions—has regularly been spotted with Trump. Matthews highlighted that Loomer's association with Trump is «extremely concerning,» characterizing her as someone on the conservative fringe of politics, as per the reports of Yahoo news.

Peter Thiel predicted that the U.S Presidential Elections of 2024 are not even going to be close and a single side between the Democratic Party and the Republican Party is simply going to collapse and bite off the dust. The Business Insider reported that the pretty conservative tech billionaire Peter Thiel asserted that either the camp of Vice President Kamala Harris will burst or the supporters of Donald Trump might not even show up while getting really demotivated, as per a report. Peter Thiel added that previously he believed that the result of the U.S Presidential Election was going to be close but now he believes, that will not be the case as a pro Donald Trump supporter, saying that evidently most of the U.S Presidential Elections on American soil were not even close, though, Presidential Elections of 2016 and 2020 was an exception, Business Insider reported. Also Read: This time is Iowa going to Harris? She trails Trump by just 4 points in the red-leaning state