Election Financial News

Narendra Modi claimed on Sunday that people have decided to elect him for a third term in these Lok Sabha elections due to "good intentions, welfare policies and dedication to the nation" of his dispensation in the last decade. While campaigning in Uttar Pradesh, he alleged that the erstwhile Samajwadi Party government in the state would even release terrorists for appeasement politics. Modi addressed BJP public meetings in Mirzapur, Ghosi and Bansgaon in UP on Sunday where he attacked the Samajwadi Party and Congress on law and order issues and alleged plans of giving reservation to Muslims from the SC, ST and OBC quota.

Srinagar: Kashmir Valley has recorded a turnout of over 50% across the three Lok Sabha seats that went to polls on May 25, eclipsing the records since 1989, when terrorism started here. Elections for the three seats of Baramulla along the Line of Control in north Kashmir, Srinagar in central Kashmir and Anantnag-Rajouri, spread across the Pir Panjal mountains in south Kashmir, have concluded. Baramulla recorded 59% polling, Srinagar 38% and Anantnag-Rajouri 53%. Compared to the previous eight Lok Sabha polls since 1989, voting has increased by 15-20 percentage points.

Lok Sabha election in Punjab this time is unprecedented compared to the last few decades, as many prominent Sikh leaders are missing from the poll scene in multi-cornered contests and a new player -AAP — is in power in the state. Former Punjab chief minister Captain Amarinder Singh, who was a dominating face of Punjab politics in the state for the last two decades, is missing from the poll scene this season. Owing to his ill health, Singh has been keeping away. But family members of SAD patriarch Parkash Singh Badal, who passed away last year, and Amarinder Singh — Badal's daughter in-law Harsimrat Kaur and Amarinder Singh's wife Perneet Kaur are contesting elections.

BJP nominee for Buxar Mithilesh Tiwari is in a meeting with a restive group of disenchanted youth. There are growing reports of shifting loyalties of the young voters, particularly Brahmins. Speculation is rife that the youth in this constituency were showing an inclination to join the camp of independent candidate and ex-IPS officer Anand Mishra. One by one, they stood and spoke directly with Tiwari.

election enters the last phase, the BJP leadership is going all out on a damage-control mission to avert possible setback in Bihar due to a caste imbalance in its support. There are eight parliament seats going for polls in the last phase in Bihar in the Magadh-Shahabad region.In 2019, NDA had won all eight with BJP winning five and ally JDU winning three. During the 2020 assembly elections, though, the RJD-led Grand Alliance performed better than NDA in this region. Now, in 2024, there is little change in the political equation and the ground situation. However, a clear division on caste lines is shaping up with the Kushwaha community, which used to be a strong support base of JDU leader and Bihar CM Nitish Kumar, drifting away from NDA.

Punjab): As the afternoon sun beats down on the tin shed, about a hundred farmers listen in rapt attention to the old farmer leader on the makeshift stage. «We have the right to ask questions from the government,» the leader is speaking on the stage at Shambhu on Punjab-Haryana border, where farmers were stopped from marching towards Delhi in mid-February. It has been over three months, but the anger is palpable. A small temporary township has come up at Shambhu border toll booth, about 200 km from Delhi and an hour's drive from Chandigarh. Hundreds of tractors and trolleys have been joined together to make small tenements for farmers. As the season changed from a pleasant spring to scorching summer, air coolers have been installed in these tents. The anger against the Modi government is now spilling into elections as all the 13 Lok Sabha constituencies of Punjab vote in the last phase of voting on June 1. «Vote for anyone but BJP — this is our call,» says Balwant Singh, state president Bharatiya Kisan Union (Behramke). Singh says the entire farmers morcha has sent word back to the villages to drive away BJP candidates if they come to campaign.

Balasore, a city in the coastal region of Odisha is quite different electorally from other parts of the state. This is one Lok Sabha seat, where the BJP has been stronger for the last 25 years. BJP won this seat consecutively in 1998, 1999 and 2004. But in the past three elections, Balasore has elected three MPs from three different parties. In 2009, it was Congress leader Srikant Jena; in 2014, it was Rabindra Kumar Jena of BJD and in 2019, BJP candidate Pratap Sarangi won this seat with a margin of 12,956 votes. Back to 2024, Sarangi is facing a triangular contest against Congress and BJD. Veteran Congress leader and former MP from the seat, Srikant Jena is challe.nging Sarangi's second term along with BJD candidate Lekhashree Samantsinghar.

Stock Market News: Friday's intraday trading saw the domestic benchmark indices, the Sensex and Nifty 50, reach record highs before ending slightly down as a result of profit-booking in the IT, FMCG, and healthcare sectors.Though the markets were supported by fresh inflows of foreign cash and steady prices of crude oil on international exchanges, traders noted that the dismal trend in global stocks weighed on the sentiments.For the second day in a row, markets were surging ahead of the Lok Sabha election results on June 4.The Sensex hit a new all-time high of 75,636.50 during the session, but it was unable to hold onto its gains and finished the day 8 points lower at 75,410.39. During the session, the Nifty 50 hit a new all-time high of 23,026.40, but it ended the day 11 points lower at 22,957.10.Vinod Nair, Head of Research at Geojit Financial Services, said that despite the recent US FOMC minutes suggesting a sustained hawkish stance on policy rates, sentiments in the global market remained muted.The US unemployment claims declined more than anticipated, business earnings held steady, and inflation remained obstinate, thus the Fed had no justification to lower interest rates.Large caps are taking a backseat to the overall market rise as the domestic market achieves new highs, suggesting that the short-term momentum will continue.

ALSO READ: Labour’s Starmer Pitches for Scottish Votes on Path to UK Power“Britain today faces a future that is more dangerous and more divided.

Also Read: Modi says INDIA bloc performing 'mujra' for vote bank; Priyanka Gandhi quips 'no PM ever used such words'Soon, realising Nitish Kumar's gaffe, one of the party members who were present on the dais tried correcting his flub.However, Nitish, who seems to have not realised the gaffe, said, “Narendra Modi is already a Prime Minister...That's why I am saying that he may keep moving."Several social media users have reacted to Nitish Kumar's slip of tongue. Meanwhile, Nitish Kumar hit out at Opposition in the state and questioned what was there even if they (RJD) got the opportunity before we (NDA) come to power in 2005.

Mayurbhanj (Odisha): The hot topics in Odisha politics are alleged corruption in 5T and Jagannath Heritage Corridor Project, non-Odia origin of BJD leader VK Pandian, but it seems the people in President Droupadi Murmu's native village Uperbeda would vote on local issues, such as the inadequate livelihood opportunities, irrigation, education and health facilities. This village falls under Mayurbhanj constituency which goes to polls on June 1 in the seventh and last phase of the Lok Sabha election. Some villagers said they are ready to support those who honoured their village as well as the district by making Droupadi Murmu the President of India.

Odisha Council of Higher Secondary Education (CHSE) has declared the Class 12 results today, May 26, 2024, at 3 PM. Students who appeared for these exams can now check their results on the official websites, chseodisha.nic.in and orissaresults.nic.in. Along with the results, the CHSE has released data on students' performance across various streams, including pass percentages and gender-wise performance. However, due to the ongoing general elections, which have involved many staff members, the Board has not yet released specific details such as the top-performing districts, school-specific pass rates and toppers list.

Telangana for 10 years. After that, Andhra Pradesh can announce its new capital.

Shiv Sena (UBT) leader Sanjay Raut on Sunday claimed that Prime Minister Narendra Modi, Union Minister Amit Shah and Maharashtra Deputy Chief Minister Devendra Fadnavis worked for Nitin Gadkari's defeat in the Lok Sabha elections. Raut's claim has drawn sharp reactions from the BJP and Congress' candidate from Nagpur. Raut alleged that Fadnavis had unwillingly campaigned for Gadkari, who contested from the Nagpur Lok Sabha seat, when he realised the Union minister couldn't be defeated. Nagpur is the hometown of both BJP leaders.

BJP president JP Nadda on Sunday credited his party with providing a «mazboot» (strong) government, under Prime Minister Narendra Modi, which was capable of penetrating Pakistan's borders to destroy terrorist hideouts. In contrast, the former Union minister charged, the Congress-led UPA government that got voted out in 2014 was «majboor, kamzor aur apang» (helpless, weak and crippled). Addressing back-to-back election rallies in Bihar's Arrah and Jehanabad constituencies, Nadda mocked the UPA for having sent «dossiers to Pakistan when the nation was rattled by terrorist attacks sponsored from across the border». «When Modi took over, and Uri and Pulwama happened, our troops penetrated Pakistan's borders to conduct surgical strikes and Balakot air strikes and beat the terrorists inside their homes,» he said.

United States follows with a momentous presidential election a few months later. It happened in 2016, when Britons voted for Brexit and Americans elected Donald Trump, and now it's happening again. Political soothsayers might be tempted to study the results of Britain's July 4 general election for clues about how the United States might vote on Nov. 5. In 2016, after all, the country's shock vote to leave the European Union came to be seen as a canary in the coal mine for Trump's surprise victory later that year.

Rajnath Singh on Sunday took a dig at Delhi Chief Minister Arvind Kejriwal, saying he had heard about «work from home» but it is the first time that he is hearing of "work from jail". Addressing an election rally in Khanna for the BJP's Fatehgarh Sahib candidate Gejja Ram Valmiki, Singh said, «Here, AAP is the ruling party. You don't need to be told much about what kind of work it is doing.» «There is also an AAP government in Delhi. But the AAP leader was jailed in the liquor scam,» Singh, said referring to Kejriwal's arrest in a money-laundering case linked to the alleged excise policy scam. The defence minister said he thinks every leader should have the moral courage to resign from their post if they face any allegation until being cleared of the charges.

diplomatic passport of Hassan MP Prajwal Revanna, who is facing charges of sexually abusing women. Taking a dig at External Affairs Minister S Jaishankar's reported statement that the state government's request to cancel the diplomatic passport of Prajwal was received only on May 21, he sought to know what happened to the letter sent by Chief Minister Siddaramaiah to Prime Minister Narendra Modi on May 1. «As far as I know, we have not got any information or letter so far (from the Centre). I have seen that the External Affairs Minister has told the media that they are taking action and in a couple of days they will cancel it (diplomatic passport), but we have not got any written communication on this,» Parameshwara said. Speaking to reporters here, he said the Chief Minister on May 1 wrote a letter to the Prime Minister seeking cancellation of Prajwal's diplomatic passport, and after that the Special Investigation Team formed by the state government to probe the charges, too wrote a letter to the Centre with the same request.

law-backed MSPs, agriculture economist Ashok Gulati said, was rejected by Manmohan Singh of the Congress when he was PM. Gulati was chairman the official body that recommends MSP hikes during Singh’s tenure. Has the party disregarded Singh’s position on this subject or has he had a change of heart? Either way, the Congress must explain how price discovery can take place in farm markets if a legal MSP is made binding on all buyers.

Amit Shah has said that the Modi government's Kashmir policy has been vindicated by the successful polling in Jammu and Kashmir, where even separatists have voted «overwhelmingly», as he assured that the assembly elections in the region will be held before September 30. Once the elections are over, the government will start the process of restoring statehood to the Union Territory, Shah said in an interview to PTI late Saturday. «I have said in Parliament that we will give the statehood after the assembly elections,» he said, adding that everything is going according to plan, such as the surveys of the backward classes and delimitation exercise of the Assembly and Lok Sabha constituencies. «We have completed the delimitation process. Because the reservation can be given only after the delimitation process is completed. Because we have to know about the status of various castes (to give reservation). That has been done. Lok Sabha election is also over (in Jammu and Kashmir). Next is the assembly election which will also be held. We will complete the process before the Supreme Court deadline,» he said.

Inflation is set to ease across Group of Seven economies, according to those countries’ central bankers, but the progress will be uneven. G-7 leaders meeting in Italy are weighing the durability of America’s growth momentum against the perennial sickliness of Europe’s expansion. However, the softer inflation outlook could be challenged by an aging global population as more old people are spending and fewer young people are producing. In the UK, figures on inflation, migration, private-sector activity, retail sales and consumer confidence have all been published since Wednesday morning, hours before Prime Minister Rishi Sunak called a snap general election. An announcement on household energy bills highlighted the political divide.