Election Financial News

By Rachel Savage

Biju Janata Dal (BJD) and opposition Bharatiya Janata Party (BJP) in Odisha, the state president of the saffron party, Manmohan Samal, left for New Delhi on Monday for discussions with the central leadership regarding the list of potential candidates for the upcoming Lok Sabha and assembly elections. Accompanied by Odisha BJP's organisational secretary, Manas Mohanty, Samal carried the shortlisted list of candidates prepared by the state election committee, which had convened on Saturday for this purpose. BJP's election in-charge for Odisha, Vijaypal Singh Tomar, and co-in charge Lata Usendi had departed for the national capital a day earlier. The candidate list for various Lok Sabha and assembly constituencies were previously drafted by the State Election Committee and core committee.

BJP MLA, who won the Madhya Pradesh assembly poll last year with the highest vote margin, has dared the Congress to field Rahul Gandhi from Indore seat in the upcoming Lok Sabha polls. The BJP has fielded its sitting MP Shankar Lalwani from the Indore seat, while the Congress has not yet announced its candidate. Four-time BJP MLA Ramesh Mendola in a post on X on Monday shared a news clip about speculation that state Congress president Jitu Patwari is the first choice of the opposition party for the Indore Lok Sabha seat. «Dear @INC, why are you making poor Jitu Patwari ji a scapegoat? I request you to give a ticket to Rahul ji from Indore in his place. Our Indore is Modi ji's family. This family will bid farewell to @RahulGandhi ji by gifting him a defeat by a margin of at least 7 lakh votes and yes, this is not arrogance but faith,» Mendola said.

The European Union’s executive arm has proposed weakening even more climate and environmental measures in the bloc’s latest set of concessions to farmers apparently bent on continuing disruptive tractor protests until the June EU elections

Follow Electoral Bonds data 2nd list LIVE here The electoral bonds case was heard by a five-judge Constitution bench — constituting Chief Justice of India (CJI) DY Chandrachud and Justices Sanjiv Khanna, BR Gavai, JB Pardiwala and Manoj Misra — on Monday. The judges heard the case where it sought a reply from SBI as to why electoral bond numbers were not disclosed. 1. The Supreme Court bench that the SBI has not fully complied with its March 11 order in which it had ordered the bank to disclose all details concerning Electoral Bonds.

By Trevor Hunnicutt

Lok Sabha and assembly polls in Odisha, an official said on Monday. The Lok Sabha and the assembly elections will be held in four phases between May 13 and June 1. There will be 37,809 polling stations, including 33,429 in rural areas, in the state, the election official said. Auxiliary polling stations will also be set up where the number of electors exceeds 1,500, he said.

(Reuters) -The week ahead is rammed with rate setting meetings by heavyweight central banks from the U.S. Fed to the Bank of England, from Switzerland and Norway to Mexico. 

Nilesh Shah, MD, Kotak AMC, says “we have advocated to our clients to follow the dharma of asset allocation. If you are leveraged into this market, please sell everything right now and reduce your leverage unless and until you are an exceptionally lucky or exceptionally skilled trader. If you are overweight into equity, this is time to book profit. If you were a brave person who bought during the Covid period, then you can hold on to your positions because you know how to manage risk. If you were that conservative person who sold during Covid period, then please book a lot of profit over here.” Shah also says: “Last year was one two ka three market, largecaps gave about 30% return, mid and smallcap about 60%, and microcap about 90%. Market does not move linearly. Investors who are coming into small and midcap funds should not expect what happened last year will be repeated in the next one year or two years or three years.” Let us talk about the elections and the market given the kind of correlation that we have seen for the last five consecutive Lok Sabha elections with the Nifty rallying between 3% and 21% just a month before the elcection, Now that there is more clarity in terms of the dates, what is your assessment? Nilesh Shah: This time, the market has already discounted the continuity of the government.

Kiran Mazumdar-Shaw, the Executive Chairperson of Biocon Ltd, has clarified that her Bengaluru-based biopharmaceuticals firm did not make any donations to political parties using electoral bonds. However, she acknowledged purchasing electoral bonds at a personal level to donate to several parties, including the former Prime Minister HD Deve Gowda-led Janata Dal (Secular).

last phase of voting will be held on June 1, and the votes will be counted on June 4. This will be the first time in three decades that polling to elect a new government at the centre will be held in June. This will also be the longest Lok Sabha polls since 1951-52 when the country's first Lok Sabha elections were held.

The Indian Express that, “JEE Main session 2 and NEET will be as per schedule." The JEE Main Session 2 exams are scheduled to be held prior to the Lok Sabha Polls i.e. between 1-15 April. The ICAI CA exams are also scheduled to be held in the month of May.

Telangana will script history on May 13 as the state will go to polls in the fourth phase of the 7-phase Lok Sabha elections. Addressing a public rally in Jagtial, PM Modi said, “The biggest festival of democracy begins." Jagtial is part of the Nizamabad Lok Sabha constituency. The Prime Minister claimed that there is a BJP wave in Telangana while Congress and BRS will face defeat.

‘shakti’ remark, saying that every mother and daughter is a form of ‘shakti’ in India. The Prime Minister was addressing a Lok Sabha election rally in Telangana's Jagtial. “The INDI (INDIA) alliance in their manifesto said that their fight is against 'Shakti'.

Sandip Sabharwal, asksandipsabharwal.com, says “it is important for the froth to go out because there was too much speculation happening in too many segments and although optically the index has hardly fallen, when we talk of the correction on the largecap side the index, there is hardly any fall – 2% off the top. But the real pain has been on the smallcaps and to some extent on midcaps. I would think that valuations in that segment are still somewhat higher. I do not think the entire correction should be over as of now.” Sabharwal further says he is still sitting on 12-15% cash, waiting to see where the entire dust settles because «we have had a correction but there could be some more way to go.» Are we in for a pre-election rally? History tells us that markets in the run-up to the election have rallied. Will 2024 be different? Sandip Sabharwal: It could be different because we have already had a decent size run-up, so if you look at it, one month prior to election is one thing but starting right from October till now, the markets have had a sharp run-up and globally also markets are looking a bit jittery with inflation being sticky and there have been possibilities of a global correction.

₹848.56 crore, while domestic institutional investors (DIIs) sold ₹682.26 crore worth of stocks on March 15, provisional data from the NSE showed. Lok Sabha elections 2024 will take place in seven phases from April 19 to June 1 and the counting of votes will take place on June 4, the Election Commission announced at a media briefing in the national capital.

Narendra Modi-led government and referencing the second list of data on electoral bonds released by the Election Commission, Tamil Nadu Chief Minister MK Stalin criticized the electoral bonds as “white-collar corruption" of the ruling BJP. Also Read: Electoral Bonds data 2nd list LIVE “This is fear.

Electoral Bond Scheme developed when the late Arun Jaitley was India's finance minister, saying scrapping this plan will attract black money. Gadkari, in an interview with NDTV, said the main purpose of the electoral bond scheme was that political parties would get money through it which would help push the economy to number one, pointing toward Prime Minister Narendra Modi's aim on the economic front. “What's wrong with this idea? Every party needs that money for contesting elections," he questioned while refusing to comment on the Supreme Court verdict on the electoral bond scheme.

Vladimir Putin warned the West on Monday, suggesting that a direct conflict between Russia and the US-led NATO military alliance would bring the world close to World War Three. As reported by Reuters, Putin emphasized that few desire such a catastrophic outcome.

Rashtriya Swayamsevak Sangh (RSS) has defended Prime Minister Narendra Modi-led Union government over the now-scrapped electoral bond scheme calling it an 'experiment.' Hosabale, 69, was re-elected as the Sarkaryavah, or General Secretary, of the RSS after the meeting of Sangh's highest decision-making body Akhil Bharatiya Pratinidhi Sabha (ABPS) in Nagpur on Sunday. “We have not thought much about this issue. In the meetings, too, we have not discussed it because electoral bonds are an experiment.

Read here: Week Ahead: US Fed Policy, FPI inflows, crude oil prices, global cues among key market triggers this week Meanwhile, escalating global geopolitical risks can weigh on market sentiment after Ukraine attacked Russian oil refineries over the weekend, with drone strikes hitting multiple plants, some of them deep within the country’s territory. On Friday, the Indian stock market indices closed with significant losses as investors resorted to profit-taking as sentiment remained cautious amid persistent concerns over stretched valuations and froth in certain segments of the market. The Sensex slipped 453.85 points, or 0.62%, to close at 72,643.43, while the Nifty 50 ended 123.30 points, or 0.56%, lower at 22,023.35.