Election Financial News

Rishi Sunak's Conservatives at a July 4 election, forecasting the Labour Party would comfortably win a large majority after 14 years in opposition. Polling by YouGov showed Keir Starmer's Labour was on track to win 425 parliamentary seats in Britain's 650-strong House of Commons, the most in its history. Savanta predicted 516 seats for Labour and More in Common gave it 406.

government over the next five years, even as the country remains the world's fastest-growing major economy, according to policy experts polled by Reuters. Asia's third-largest economy grew more than 8% last fiscal year, driven by government capital expenditure that so far has failed to spark sufficient business spending to create enough work, particularly for young people in a country of 1.4 billion. Prime Minister Narendra Modi's Bharatiya Janata Party lost the parliamentary majority it has held for the past decade in national elections that ended in early June over widening inequality, relentless inflation pressure — particularly on food — and a lack of well-paying jobs.

tax reforms in the first full budget of the newly elected government. These include the conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, barring cases of wilful default. The budget is likely to be announced in July. The GST Council may also discuss crunching timeline for issuing notices, a monetary limit for pursuing disputes at the GST Appellate Tribunal, and a sunset date for anti-profiteering cases to reduce tax litigation and improve ease of doing business.

cabinet on Wednesday set the ball rolling on the 100-day agenda of the new government with a slew of decisions, including a 5-11% increase in minimum support price (MSP) for kharif crops, a ₹76,220-crore port in Vadhavan, Maharashtra, and a ₹2,870-crore revamp of the Varanasi international airport. The cabinet — meeting for the first time since the allocation of ministerial portfolios — under the chairmanship of Prime Minister Narendra Modi, also approved viability gap funding (VGF) for offshore wind energy projects. In the run-up to the general election, all ministries and departments had readied a plan for the first 100 days of new government.

Conservatives party headed by Prime Minister Rishi Sunak. Various national surveys have predicted a massive defeat for the party. Voters in the UK will cast their vote to elect their representatives to the House of Commons which is the lower house of the British Parliament on July 4. Further, one of the surveys has predicted that many sitting Ministers are expected to lose the elections from their own constituencies. The party has been in power since 2010 and the anti-incumbency seems to be catching up with the party. Surveys:

The far-right leader angling to become France’s prime minister after the country’s upcoming parliamentary election has backtracked on the party’s previous promise to pull out of NATO’s strategic military command

of abandoning Hindutva. Thackeray had also asked whether the BJP's alliance with regional outfits Telugu Desam Party (TDP) and the Janata Dal (United) was organic.

ALSO READ: Will Uddhav Thackeray align with BJP? The Shiv Sena (UTB) chief says ....Addressing the party workers in Mumbai on the occasion of 58th Foundation Day of the Shiv Sena, Uddhav Thackeray said, as quoted by news agency ANI, “Today, I welcomed not only our winning MPs but also those who did not win. I want the government to fall and elections to be held so that we can form INDIA alliance govt...I challenge Modi ji openly to start campaigning for Assembly elections from today itself...I challenge PM Modi to go to Andhra Pradesh and say that whatever Chandrababu Naidu has said in his manifesto he will fulfil it."Uddhav asserted he will never go with those who tried to 'finish off' his party and paid to speculation about a possible reconciliation with the BJP post the Lok Sabha polls.

Uddhav Thackeray, the leader of the Shiv Sena (UBT) faction, has firmly asserted that he will never align with the Bharatiya Janata Party (BJP), the party that attempted to "finish off" his Shiv Sena. His remarks came during the 58th foundation day celebrations of Shiv Sena, putting to rest speculations of a potential alliance with the BJP ahead of the Maharashtra Assembly Elections later this year.The Bharatiya Janata Party (BJP) leaders had taken a dig at the INDIA bloc's Lok Sabha election performance in Maharashtra.

Nifty to 25,683. InCred also came out with a list of 19 high-conviction stock ideas, including HDFC Bank, M&M Finance. “Factoring in favourable macroeconomic tailwinds led to an upgrade in our blended Nifty-50 target to 25,683 (from 24,084 earlier). The preference for largecaps remains. We have added defensive stocks to our high-conviction ideas list and removed policy-risk stocks in the defence sector,” said a report by InCred Equities.

As the House of Commons prepares to break for the summer, a majority of Canadians say Justin Trudeau should no longer be prime minister when MPs return in the fall, a new poll suggests.

Launched last year following the row between Reform UK leader Nigel Farage and Coutts over the loss of his bank account, which he alleged was due to his political views, the review has examined the treatment of PEPs by financial services. FCA sets out conditions of review into treatment of politically exposed persons The FCA was due to publish its findings ahead end of this month, but has now said it will withhold the outcome of its review until after the General Election. The regulator said it «did not think it was appropriate» to publish the review during the pre-election period....

Uddhav Thackeray during the Lok Sabha Elections, hinting at possible discord in the Mahayuti alliance that comprises the Eknath Shinde faction of Shiv Sena, the Thackeray clan plans to leave no stone unturned to secure a similar fate in the upcoming state Assembly elections. Shiv Sena (UBT) leader Uddhav Thackeray will address the party cadre at Dadar's Shanmukhananda Hall on Wednesday evening.

Naveen Patnaik has been appointed as Leader of Opposition in Odisha assembly by Biju Janata Dal. , «We just had a meeting of the BJD MLAs who have been elected to the recent elections. I congratulated and thanked them. They have elected me as the LoP and the leader of the Biju Legislative Party. I have also announced the new post of Prasanna Acharya as the Deputy Leader of the BJD in the legislature, Pramila Mallik as the Chief Whip and Pratap Keshari Deb as the Deputy Chief Whip of the BJD...» said Patnaik on being appointed as LoP in Odisha assembly. The narrative of Patnaik's defeat was twofold. Not only had he lost his chief minister's chair, held firmly since 2000, but he also faced an unexpected defeat in Kantabanji, which he contested alongside his traditional Hinjili assembly seat.

DK Shivakumar on Wednesday said he may have little or no option but to contest from Channapatna in the bypolls if the party and people decided that way. The seat in Ramanagara district has fallen vacant after the resignation of HD Kumaraswamy, who won from Mandya in the recent Lok Sabha election and became a union minister. Shivakumar, who is also the president of Karnataka Pradesh Congress Committee (KPCC), told media persons that Channapatna had always been at the centre of his heart as it was part of the erstwhile Sathanur assembly constituency he had won from. “My political career started from there. The people of Channapatna have been with me through my tough times and, I have a debt to repay.”

Prajwal Revanna, accused in a rape and sexual harassment case, has been remanded to Special Investigation Team (SIT) custody until June 24 by a Karnataka court on Wednesday, a day after he had been sent to judicial custody under separate charges. The SIT produced him in a court in Bengaluru for the second rape case filed against him. It had earlier requested an extension of his police custody for further questioning. The former JDS MP, who lost the recent Lok Sabha election as the NDA candidate from Hassan, was arrested on May 31, when he returned to the country after nearly five weeks. He is battling charges of sexual abuse of women after pen drives of explicit videos allegedly involving him surfaced in Hassan and other places days ahead of the April 26 election.

MVA, which comprises the broken factions of NCP and Shiv Sena (UBT), seemed to have gained the trust of the Maharashtra voter base after going through a tumultuous political phase in the last five years, as was evident in the Lok Sabha Elections.On Wednesday, Sharad Pawar said that once back in power, the NCP would resolve the farmer's issue in Maharashtra. Notably, analysts have attributed an angry farmer voter base to the downfall of the Bharatiya Janata Party (BJP), Eknath Shinde's Shiv Sena, and the Ajit Pawar faction of the NCP in the Lok Sabha Polls.Sharad Pawar made these remarks while interacting with farmers in Nira Wagaj village, Baramati tehsil, Pune district."Both the governments (at the Centre and state) are not ruled by us.

Silver prices also climbed Rs 100 to Rs 91,400 per kg. It had ended at Rs 91,300 per kg in the previous session.

Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy will not work

The European Union’s executive arm is criticizing France for running up excessive debt, a stinging rebuke at the height of the election campaign where President Emmanuel Macron is fighting off challenges of the extreme right and the left

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years