Election Financial News

Biden announced on Monday plans to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November. The plans, which the Democratic president detailed in Madison, Wisconsin, include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income, which Biden's administration estimates would eliminate the entirety of that interest for 23 million borrowers.

Savita Subramanian, head of US equity and quantitative strategy at BofA Securities, talks about why she is bullish on US equities when many on Wall Street are cautious. Edited excerpts: You are one of the most optimistic Wall Street equity strategists, while many are struggling to find reasons to be optimistic. Why?

Sensex surged 494.28 points, or 0.67%, to end at 74,742.50, while the Nifty 50 settled 152.60 points, or 0.68%, higher at 22,666.30. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 9 “After a stellar FY24, Indian equity markets continue to march higher into new territory. Hopes of a favourable outcome from the ensuing general elections and the subsequent policy thrust are keeping sentiments upbeat.

Indian stock market today: A total of three stocks have been banned for trade on Tuesday, April 09, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as they crossed 95% of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

Top Events of the Day: India is all set to witness a series of important political, judicial, and technological events today. These include PM Modi's Lok Sabha election campaigns in Madhya Pradesh, Uttar Pradesh, and Tamil Nadu, Amit Shah and Rajnath Singh's public rallies, farmers protest, Arvind Kejriwal's bail plea in Delhi HC, etc. Besides this, the nation will also celebrate Navratri and Ugadi on April 9.

global capability centres (GCCs) in India slowed in the year to March based on a dipstick survey of 80 companies by specialist staffing firm Xpheno for ET. While India remains a hotspot for GCCs, with the number of such centres growing, the segment added a net 50,000-80,000 people in FY24, down from 150,000 in FY23.

Cooch Behar (SC), and Alipurduar (ST) in West Bengal are crorepatis, an analysis of their affidavits said. The West Bengal Election Watch and Association for Democratic Reforms (ADR), which scrutinised the affidavits, on Monday said three independents, two each from the BJP and Trinamool Congress and one candidate each from the CPI(M), Congress, and the RSP are crorepatis. CPI(M)'s Debraj Barman, contesting for Jalpaiguri (SC) constituency, has assets worth Rs 3,89,89,468, the highest among the lot. SUCI's Chandan Oraon, contesting from Alipurduar (ST), is the poorest with assets totaling Rs 12,117.

Delhi High Court is scheduled to deliver on Tuesday its verdict on a plea by Chief Minister Arvind Kejriwal, who is in judicial custody in a money laundering case linked with the alleged excise scam, challenging his arrest. As per the cause list uploaded on the high court's website, Justice Swarana Kanta Sharma will pronounce the order at 2:30 p.m. on Tuesday. Besides his arrest, Kejriwal has also challenged his subsequent remand in the Enforcement Directorate's custody. He was later remanded in judicial custody and is currently lodged in Tihar jail. The AAP national convener has questioned the «timing» of his arrest by the agency and said it was in contravention of the basic structure of the Constitution, including democracy, free and fair elections and level playing field.

Election Commission has suspended three Tripura government employees, including a security personnel, for participating in political events and election campaigns, violating the model code of conduct (MCC). An election official said that Partha Pratim Debroy, a government teacher, Rasu Chowdhury, an Education Department staff member, and a Tripura State Rifles (TSR) jawan named Kishan Debbarma were suspended by their authorities for participating in election campaigns and political events. The Education Department and the TSR seventh battalion commandant separately took action following the direction of the Election Commission.

Price of the yellow metal rose 1.72% or Rs 1,198 per 10 gm from last Friday. Rising prices of precious metals come ahead of Gudi Padwa and Ugadi, the auspicious day on the Hindu calendar marking the beginning of New Year in certain parts of the country. The price surge has dampened mood among potential customers who prefer to buy gold to celebrate this auspicious day, which will fall on April 9 this year.

Srinagar: National Conference president Farooq Abdullah on Monday said the manifesto of Congress was to strengthen the country and keep it secular and those thinking otherwise were already dividing the nation. Reacting to PM Modi's remarks that the «Congress manifesto is a Muslim League manifesto aimed to break the country», Abdullah told media persons, «I don't think the (Congress) manifesto is to break the country. I think the manifesto is to make the country strong and keep it secular, that is what it is. If anybody thinks otherwise, they are already dividing the nation in their own ways.» The National Conference has formed an alliance with Congress, also its INDIA bloc partner, for J&K and Ladakh ahead of the Lok Sabha elections.

Ayodhya Ram temple issue to reach out to the tribal community in Chhattisgarh, alleging that the Congress opposed the consecration ceremony for appeasement politics. He also slammed the Congress on the Naxal issue at a rally in Chandrapur, Maharashtra. "Ram Navami is not very far. This time in Ayodhya our Ram Lalla will not give darshan in a tent but in a grand temple. But Congress and INDI alliance is very unhappy about this. They declined the invitation for pran pratishta. The Shahi pariwar of Congress threw out those leaders who declared this wrong. This shows Congress can cross any limit for appeasement politics," Modi said at a rally in Bastar. The PM emphasised that welfare of tribals has always been a top priority for BJP. He said a tribal is the president of India today and a record number of Eklavya schools for tribals have come up during his tenure. «Our priority has always been garib kalyan… Congress always ignored the welfare of the poor,» he said.

Delhi government on Monday slammed Lt Governor VK Saxena over a letter he wrote to the MHA in which he accused its ministers of not attending a meeting called by him, and questioned the role of the LG's office in the subjects transferred to the AAP government. The LG Secretariat, in a letter to the Union Ministry of Home Affairs (MHA), said the Delhi ministers refused to attend a meeting called by Saxena to discuss the functioning of their ministries following the arrest of Chief Minister Arvind Kejriwal. Kejriwal was arrested by the Enforcement Directorate on March 21 in connection with a money-laundering case linked to the now-scrapped Delhi excise policy and is now lodged in Tihar jail here.

Himachal Pradesh Congress president Pratibha Singh on Monday ruled out contesting the Lok Sabha elections from Mandi that she currently represents as an MP but indicated that her son and state minister Vikramaditya Singh's candidature is being considered from the same seat. Her late husband and former five-term CM Virbhandra Singh represented the Mandi seat in the past where he and the Congress had built a solid political base. The BJP has already fielded actor Kangana Ranaut from the seat.

Narendra Modi's recent comparison of Congress with pre-Independence-era Muslim League is a direct attack on the GOP's credentials as sole inheritor of the freedom struggle legacy. It also tells us how far BJP has travelled to not just lay claim to this space but also is prepared to take it as its own — an effort at the heart of its revival since 2014. BJP has, over the past decade, drawn on Congress' leadership pantheon. It took advantage of the latter's tendency to predominantly play up the legacy of the Nehru-Gandhi family while paying little or no attention to the contribution of others. As result, today, BJP has acquired a reasonable degree of ownership on legacies of leaders like Sardar Vallabhbhai Patel, B R Ambedkar and Subhas Chandra Bose. Congress of that era had many political strands, and each of these leaders represented one thought or the other. What BJP has done is, it has worked on owning each of them, including Mohandas Gandhi. In fact, leaving aside Jawaharlal Nehru, BJP has accepted almost all greats from the decades of the 1920s and 1930s who shaped the Independence movement.

Arvind Kejriwal, Delhi Lieutenant Governor Vinai Kumar Saxena, in a letter addressed to the union home ministry, accused the ministers of “insensitivity and lack of seriousness. As per the letter, Governor Saxena had scheduled a meeting with key ministers dealing with the departments of water, education, health, transport, environment, and forest so that the routine works of governance are not hampered in the backdrop of Kejriwal's arrest.

YouTuber Sattai Durai Murugan in a case relating to the alleged derogatory remarks made against Tamil Nadu Chief Minister MK Stalin in October 2021, news agency PTI reported. "If before elections we start putting behind bars everyone who makes allegations on YouTube, imagine how many will be jailed?" a bench of justices Abhay S Oka and Ujjal Bhuyan told senior advocate Mukul Rohatgi while setting aside the order cancelling bail to Murugan. The apex court said that the YouTuber could not be said to have misused the liberty granted to him while expressing his views, the court also rejected the request of the Tamil Nadu government to impose a condition on Murugan to refrain from making scandalous remarks while on bail.

Lok Sabha polls only. The analysis found that a total of 500 candidates had criminal records.

Congress with the "kadwa karela" (bitter guard) to imply that the "Congress can never change". ALSO READ: 'Rahul Gandhi took PFI support': Smriti Irani hits out at Wayanad MP ahead of Lok Sabha Election 2024 "Kadave karele ko ghee men talen yaa shakkar men gholen, vo phir bhii kadavaa kaa kadavaa hi rahataa hai. Ye kahaavat Congress par saṭiik laaguu hoti hai. Congress kabhi nahin badal sakti, [a bitter gourd's taste never changes even if it is fried in ghee or mixed with sugar.

Arvind Kejriwal's plea in connection with the Delhi Excise Policy case at 2:30 pm on Tuesday, April 9. In his plea, Kejriwal had challenged his arrest and remand by the Enforcement Directorate (ED) in a money laundering case linked to the liquor policy case. The Enforcement Directorate arrested Kejriwal, the chief of Aam Aadmi Party (AAP), on March 21.

Further signs of a solid U.S. economy and potential delays to anticipated interest-rate cuts could prolong the dollar’s strength, analysts said. Many analysts and fund managers have been anticipating that the dollar would fall this year as the Federal Reserve starts to cut interest rates, but rate-cut expectations have been trimmed back sharply recently while U.S.