Election Financial News

election in India is seen solely as a numbers game. The obsession with rally size, voter turnout, number of campaign rallies, vote shares, seats won, etc, is especially big deal in Lok Sabha elections. But now that the hurly-burly's done — and the battle's almost lost and won — it's time to look beyond the nose of quantity and think of whether the quality of this democratic exercise may be strained.

JPMorgan CEO Jamie Dimon was responding to a question posed at the Economic Club of New York in late April on the resilience of the US economy. But he could as well have been talking of India. National Statistics Office (NSO) data released last Friday show the Indian economy is, well, booming. At 8.2%, GDP growth for 2023-24 is streets ahead of the most optimistic estimates, and far, far ahead of RBI's estimate of 7% till as late as December 2023. Sure, there could be distortions due to the way the GDP deflator is computed, as this is then used to arrive at the real (from nominal) GDP numbers, and also because of changes in the 'net taxes' figure — GDP is GVA (gross value added) plus taxes less subsidies. But whichever way you dice the numbers — nominal or real GDP growth, GDP or GVA — there's no getting away from the fact that the Indian economy is shining. The news has, of course, been greeted with 'ra-ras' from the ruling BJP and nitpicking by the Opposition, even as it has left the aam janta cold. This is for two reasons.

ALSO READ: PM Modi thanks Arunachal or choosing BJP, congratulates SKM in SikkimPrem Singh Tamang, the 56-year old is regarded as an able organiser, administrator and fiery politician. He was born on February 5, 1968 to Kalu Singh Tamang and Dhan Maya Tamang.After completing his graduation from a college in Darjeeling, West Bengal, he became a government school teacher in 1990.

Also Read: Mint Primer | Into the 50s: Why heatwaves are hotter & longerDelhi’s Mungeshpur automatic weather station on 29 May recorded a temperature of 52.9°C and on 31 May Nagpur recorded 56°C, both highest in the country for the respective days and the highest temperatures recorded in India ever. The IMD, however, attributed both incidents to likely sensor errors in extreme heat conditions.However, the heat is so intense that forest fire incidents have been reported in Gurugram's Aravali and in Jammu.

revision in toll plaza rates is an annual exercise, and the increase or decrease in the prices is based on the changes in the wholesale price index-based inflation.The decision to increase toll plaza rates was made two months after the Election Commission of India asked NHAI to collect the increased toll plaza rates after Lok Sabha elections 2024. This timing is significant as it aligns with the completion of the election process."The process required for the decision on the power tariff may be continued by the State Regulatory Commission.

ALSO READ: Poll of Polls: 10 exit polls predict 350+ seats for BJP-led NDA, three 400+; INDIA bloc to get less than 200 seatsWhen a netizen expressed his wish that she be invited to sing national anthem in his oath ceremony, Millben replied, “Your words are most kind. I love India, you, and the people.

Election Commission on Sunday ordered repolling at one booth each in the Barasat and Mathurapur Lok Sabha constituencies, an official said. The decision of repolling, which will be held from 7 am to 6 pm on Monday, was based on reports of the returning officers, the district election officers and observers concerned, he said.

Lok Sabha results scheduled to be announced on June 4, Industrialist Harsh Goenka has listed out his expectations from Prime Minister Narendra Modi's third term in office as predicted by the exit polls.

Congress and BJP on Sunday announced names of their candidates for the biennial elections to the Legislative Council from the Legislative Assembly with predictable outcomes. The June 13 polls will be held for 11 vacancies in the Council for which MLAs are the electors.

Congress and other INDIA bloc constituents as well as certain civil society groups are trying to undermine the integrity of India's electoral process, the BJP alleged on Sunday and urged the Election Commission to prevent any attempts of «violence and unrest» during counting of Lok Sabha poll votes on June 4. The poll panel was also urged by a BJP delegation comprising Union ministers Nirmala Sitharaman and Piyush Goyal to take cognisance of the «systematic attempts» being made to undermine the process and initiate stringent action against those responsible.

Kejriwal on Sunday said Lok Sabha exit poll results are «completely fake», and asserted the BJP won't form the government on June 4 when results are officially declared. Several exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls.

C V Ananda Bose on Sunday said he was worried after getting reports about post-poll violence in Sandeshkhali, and asked Chief Minister Mamata Banerjee to intervene immediately and restore peace there. Speaking to PTI, Bose said that he has written to Banerjee asking her to inform him about the action taken against those involved in the incidents of violence in Sandeshkhali in North 24 Parganas district.

Madhavi Latha has become a trending topic on social media today following exit polls that indicate a tight race between the BJP leader and four-time MP Asaduddin Owaisi in the Hyderabad constituency. Exit polls on Saturday have forecast a close contest between the Congress and the BJP in Telangana for the Lok Sabha elections, with the Bharat Rashtra Samithi (BRS) expected to incur significant losses. According to Today's Chanakya, the BJP is projected to win 12 ± 2 seats in Telangana, Congress 5 ± 2 seats, with BRS and others getting 0-1 seats each. Similarly, Axis My India predicts the National Democratic Alliance (NDA) securing 11-12 seats in Telangana, BRS 0-1 seats, Congress 4-6 seats, and others 0-1 seats.

Sikkim Democratic Front (SDF) vice president Bhaichung Bhutia lost the Barfung Assembly constituency in Namchi district to SKM's Rikshal Dorjee Bhutia on Sunday. The Sikkim Krantikari Morcha (SKM) candidate bagged 8,358 votes while Bhutia got 4,012 votes.

assembly polls, the results of which were declared on Sunday. Arunachal Pradesh Congress Committee (APCC) president Nabam Tuki said the party was «disappointed but not demoralised» by the election results.

NEW DELHI:Food Safety and Standards Authority of India (FSSAI), in consultation with the Union Ayush ministry, has drafted licensing and logistics norms for businesses that can manufacture and sell food products under the Ayurveda Aahara category, and will shortly release the guidelines, two topofficials said.Ayurveda Aahara (diet) food products don't contain drugs or medicinal products, but have ingredients that are believed to promote health. Ayurveda Aahara was notified in 2022 and includes five categories and around 800 ayurvedic recipes, and the norms governing their manufacture will be launched post elections, one of the officials said.The regulations define “Ayurveda Aahara" as food prepared in accordance with the recipes or ingredients or processes as per methods described in the authoritative books of Ayurveda, and listed under ‘Schedule A’ of the FSSAI regulations.“Ayurveda is now a global matter and there’s huge value to it. We must look at it from the commerce perspective.

Also Read- Elections 2024: Diversify portfolios to mitigate risk, focus on defensivesNervousness ahead of elections, approaching end of Q4 corporate results and diversion of funds to other relative cheap markets have resulted in this sell-off ahead of the election results outcome, said Deepak Jasani, Head of Retail Research, HDFC SecuritiesNifty quotes at ~21.5 times FY25estimated earnings per share and going by historical trends is currently at the top end of the valuation. Also going by the Market-cap to GDP ratio, Indian markets are at 1.4 times.

Stock Market News: The domestic benchmark indices, bonds and the rupee are expected to rise during Monday's trading session following exit polls that projected Prime Minister Narendra Modi's party had won fairly in the general elections that ended on Saturday.The majority of polls estimate the Bharatiya Janata Party (BJP)-led alliance will win between 350 and 400 seats overall, which is far more than the 272 seats needed for a majority in the 543-seat lower house of parliament. The alliance took home 352 in 2019.

The NSE Nifty 50 concluded with a 0.2% increase at 22,531 points, while the S&P BSE Sensex saw a 0.1% gain, closing at 73,961. Initially, both benchmarks surged as much as 0.7% in early trade before retracing gains. Over the week, they posted a 1.9% decline.

military officials from the U.S. and its top African allies watched intently as dust and flames shot up from pieces of the Sahara Desert hit by tank and artillery fire. They looked up as pilots flew F-16s into formation. And they listened intently as Moroccan and American personnel explained how they would set up beachheads to defend the Atlantic coastline in the event of a potential invasion. The practice scenario was among those discussed during African Lion, the United States' largest annual joint military exercise on the continent, which concluded Friday in Morocco.

election verdict on June 4, exit polls already have a resounding majority for the Modi government, bringing much-needed cheer to market participants. NDA is forecasted to win 370 seats, according to the average of all exit polls and the markets are likely to react positively to pollsters' predictions.