Election Financial News

government expects its tax revenues in the first quarter to exceed budgeted growth but is likely to stick to the interim budget revenue estimates in the full budget. Officials said the full-year projection in the interim budget was realistic and arrived at after taking into account multiple factors including global headwinds. «With continuity in tax policy we will stick with the collection target given in the interim budget, which was arrived at after considering margins for both upside and downside trend,» said one of the officials. For the current financial year (2024-25), the Centre has pegged its gross revenue collections at ₹38.30 lakh crore, a growth of 11.45% over the revised estimates for FY 2023-24.

Shiv Sena candidate, Arvind Sawant, sprang a surprise by defeating Congress MP Milind Deora from Mumbai South constituency by about 128,000 votes. Sawant was said to be a lightweight, and Deora's defeat came in the backdrop of the «Modi wave». In 2019 Deora was expected to give a tougher fight, but Sawant won again, this time by about 100,000 votes. Deora is now in the Shiv Sena but the party has fielded its Byculla MLA Yamini Jadhav, setting up a contest between the two factions of the erstwhile party, as Sawant is the Shiv Sena (Uddhav Balasaheb Thackeray) candidate. The Mumbai South constituency presents a paradox — with tall skyscrapers housing billionaires and millionaires while sharing space with slum dwellers and mill workers who live in 90 square feet and 250 sq ft homes respectively.

The Bitcoin (BTC) price surged more than 5% back to the $65,000 level on Wednesday in wake of US CPI inflation data that showed moderating price pressures in April, supporting bets that the Fed will be able to ease interest rates a few times before the end of 2024.

Odisha facing simultaneous Lok Sabha and assembly polls, top leaders of all major political parties are making a beeline for the state. In the fourth phase, polling for four LS and 28 assembly seats of the state was completed. The remaining 17 seats and 119 assembly seats are scheduled to vote over the next three phases. Prime Minister Narendra Modi has already held five election rallies and a roadshow in Bhubaneswar. He has taken Navin Patnaik's challenge head-on during his speeches. Modi will visit the state on May 20. During the trip, he would address two public meetings in Angul and Cuttack. He will also hold a roadshow in Puri, supporting BJP candidate Sambit Patra. Before Modi's trip, Union home minister Amit Shah and BJP national president JP Nadda will campaign in Odisha. Taking a cue from the PM's speech, Shah has been launching a direct attack on Navin Patnaik. Addressing a rally in Aska LS constituency on Wednesday, Shah accused Patnaik of pasting his own pictures on rice bags sent by the Centre and distributing it in his own name. Shah addressed this rally in Hinjili, the assembly constituency from where CM Patnaik is contesting.

₹15 lakhs and where that 2 crore employment opportunities are. What kind of guarantee was that? Chinese..." Earlier today, Shah, told news agency ANI, "I called it 'Chinese guarantee' on the basis of their durability...Those guarantees hold no meaning. They say that during elections and then forget about it." “I called it 'Chinese guarantee' on the basis of their durability...I was in Telangana recently.

Robert Fico, the Slovakia's Prime Minister, was reportedly recuperating from life-threatening injuries after he was shot multiple times in an "assassination attempt", as claimed by nation's government officials and condemned by European leaders.

Cannes Film Festival began in the French capital Paris on Tuesday. It opened with the French comedy 'The Second Act' starring Lea Seydoux, Vincent Lindon, Louis Garrel and Raphael Quenard. The best-known stars will soon begin flowing down Cannes' famous red carpet. The 10-day festival began with Greta Gerwig's jury and the presentation of an honorary Palme d'Or for Meryl Streep.

cyber activities originating from China. These activities, primarily carried out by Chinese threat actors, have expanded beyond targeting regional adversaries to encompassing global powers, notably including the United States and India. This escalation is indicative of a strategic shift, showcasing China's increasing involvement in cyber operations and influence campaigns on a global scale. Microsoft's Identification of Chinese Cyber Espionage Groups

Modi's assertion that the NDA's tally is going «400-paar» (400-plus) this Lok Sabha elections, Congress President Mallikarjun Kharge Wednesday said thankfully he is not talking about «600-paar» because there are only 543 parliamentary seats. Addressing a rally at Sarai Umar in the Harchandpur assembly segment here, Kharge also said he has signed all the «promises made by our party» and they will be fulfilled if the INDIA bloc forms government. «It's not like 'Modi ki guarantee' which is never fulfilled.» He launched a scathing attack on the PM, alleging his government is «cut off from the poor», and is working just for the interest of a handful of industrialists. People will bid goodbye to this dispensation and the opposition coalition will come to power after the results are announced in the first week of June, Kharge said. «Modi and the BJP have been talking about '400-paar',. fortunately they are not speaking about '600-paar' as there is a constitutional limit on the strength of Lok Sabha at 543 seats,» Kharge said.

Piyush Goyal, who is the BJP's candidate from Mumbai North, on Wednesday hit out at leaders of opposition Maha Vikas Aghadi (MVA) for labelling him as an outsider, saying they are «helpless» and making ridiculous arguments. «There can be nobody more Mumbaikar than me,» Goyal told PTI during a road show here in response to questions on the «outsider» barb hurled at him by the opposition. Shiv Sena (UBT) leader Sanjay Raut and Congress leader Varsha Gaikwad, who dubbed Goyal as an «outsider», had said voters of Mumbai North would send «Pedder Road's parcel back to Pedder Road» in the Lok Sabha elections for the parliamentary constituency on May 20. Goyal had mentioned his residential address as Malabar Hill, a locality in the vicinity of Pedder Road, an affluent neighbourhood in South Mumbai. «That is a very ridiculous argument. Not even worth responding to. I am a born Mumbaikar. Lived in Mumbai all my life, worked in Mumbai all my life,» Goyal said.

The Wire, Parakala Prabhakar predicted that the BJP would win between 200 and 220 Lok Sabha seats while the National Democratic Alliance (NDA) would fall below the majority mark. The Wire's Karan Thapar asked Prabhakar, "If the BJP performs as poorly as you're expecting, what future do you see for Narendra Modi?" To this, the economist replied, "You know this is a complex question, but if you look around the world history, almost all dictators have ended their reigns either in handcuffs or in coffins." Parakala Prabhakar also stated that he expected to see a non-BJP government formed on 5 June, the day after the Lok Sabha Election Results will be counted.

Click here to read more The Supreme Court of India on Wednesday ordered release of NewsClick founder and editor Prabir Purkayastha in UAPA case after holding that his arrest and remand were “illegal". It is alleged that the news portal received foreign funds in violation of the FCRA case. Click here to read more After Delhi, Gujarat and Jaipur, schools in Uttar Pradesh's Kanpur, on Wednesday, received bomb threats via emails, creating a panic situation.

Piyush Goyal, contesting a Lok Sabha election for the first time, asserted on Wednesday that he will surely win — but almost entirely because of the work done by Prime Minister Narendra Modi, adding that this election will determine the fate of India. «I recognise that we are all subsumed under Mr Modi's performance… It is gradually dawning on people that this is Modi's election,» Goyal told PTI during a road show — a slow crawling journey atop a decked up pickup truck that wound its way through a ward of Borivali in the Mumbai North constituency. Goyal, a Rajya Sabha member and a veteran manager of many an election campaign, including that of Lal Krishna Advani in 1989, replaced incumbent Gopal Shetty as BJP's candidate for the constituency. The elections are due on May 20. With four days left for campaigning, which ends on the evening of May 18, Goyal is crisscrossing all the assembly segments of the constituency every day in his truck in a set pattern: every morning, a few hundred party workers wearing orange caps, BJP scarves hanging down their shoulders and lotus sticker on their clothing, gather at the starting point of the road show.

Prime Minister Narendra Modi has declared personal assets totalling Rs 3.02 crore in his election affidavit. Notably, the declaration includes Rs 2.86 crore invested in fixed deposits.

The Lok Sabha Elections are underway, and with the poll results scheduled for June 4, discussions and speculations have already begun regarding the reforms and major pending works the new government will undertake. One of the major pending tasks in this regard is the implementation of the Direct Tax Code (DTC), which has been overdue for a long time.

Also Read: 'Stuntbaazi': Charanjit Channi dismisses attack against IAF convoy in Poonch as bid 'to make BJP win' Lok Sabha polls Stating that a big liquor scam happened in Delhi and the same happened in Punjab also, Channi added, "We demand an inquiry into it. Instead of being welcomed, he (Kejriwal) should be opposed." Arvind Kejriwal will start his Lok Sabha election campaign in Punjab on Thursday. He is likely to hold a mega roadshow in Amritsar in which Punjab Chief Minister Bhagwant Mann will also participated.

Modi claimed that Uddhav Thackeray's Shiv Sena would merge with Congress, along with "all the small parties in Maharashtra." “It is certain that ‘fake Shiv Sena’ and ‘fake Nationalist Party’, will merge with Congress. When this ‘fake Shiv Sena’ will merge with Congress, I will remember Bala Saheb Thackeray the most, because Bala Saheb also used to say that the day he felt that Shiv Sena has become Congress, that day he will end Shiv Sena, meaning that now there will be no trace of fake Shiv Sena," PM Modi said.

Baghel took to X, formerly known as Twitter, to share a video clip of himself making the statement before a group of people. The Congress is part of the Opposition's INDIA bloc, which has not yet declared its prime minister candidate. This has prompted speculation that Rahul Gandhi is the coalition's candidate for the post of prime minister.

West Bengal Chief Minister Mamata Banerjee of compromising on the issue of infiltration and appeasing minorities, BJP chief J P Nadda on Wednesday said during the decade-long reign of the TMC in the state, one scandal after another has plagued West Bengal. Speaking at an election rally in support of the party's Purulia candidate Jyotirmoy Mahato, Nadda said while the fragmented INDIA bloc parties were rooting for a 'majboor' (weak) government at the Centre to fulfill their selfish motives, people of West Bengal have already made their choice clear for a 'majboot' (strong) government. Nadda also accused Banerjee of converting Bengal into a safe haven for terrorists. «Mamata Didi's government is going soft on the issue of infiltration besides pursuing the policy of minority appeasement,» Nadda said.

Michael Novogratz, the founder of Galaxy Digital Holdings, a prominent digital-asset financial services firm, expects Bitcoin to remain in a relatively narrow trading range in the current quarter.

₹91 crore, showed the nomination papers she filed with the Election Commission of India (ECI) on Tuesday. The 37-year-old actor has ₹2 lakh in cash and shares amounting to ₹1.22 crore in her companies Manikaran Films and Manikarnika Space LLP. ALSO READ | Kangana Ranaut, BJP's LS candidate after filing nomination Other assets include 50 insurance policies issued by Life Insurance Corporation (LIC), gold weighing 6.7 kg amounting to ₹5 crore, silver weighing 60 kg amounting to ₹50 lakh and diamonds amounting to ₹3 crore.