Election Financial News

Pakistan Peoples Party said he decided to encourage prudent financial management and not burden the national exchequer. It is pertinent to note that Zardari is one of the richest politicians in Pakistan. “The President considered it essential not to burden the national exchequer and preferred to forgo his salary," President Secretariat Press Wing said in a press release on Tuesday as quoted by PTI. Former president Arif Alvi was drawing ₹8,46,550 per month, which was fixed by Parliament in 2018.

Donald Trump, whose single turbulent term in the White House transformed the Republican Party, tested the resilience of democratic institutions in the U.S. and threatened alliances abroad, will lead the GOP in a third consecutive presidential election after clinching the nomination Tuesday. With wins in Georgia, Mississippi and Washington state, Trump surpassed the 1,215-delegate threshold needed to become the presumptive Republican nominee. He'll formally accept the nomination at the Republican National Convention in July, by which point he could be in the remarkable position of being both a presidential candidate and convicted felon. Trump has been indicted in four separate criminal investigations and his first trial, which centers on payments made to a porn actress, is set to begin March 25 in New York City.

India has made «outstanding progress» under the leadership of Prime Minister Narendra Modi from being the 10th largest economy of the world to soon to be the third largest, a popular Indian American Congressman has said, adding that a revolution is going on in India because of digitisation. «The progress (of India) is outstanding (in the last 10 years). When I think Prime Minister Modi was elected, India was like the 10th economy in the world, then it became the fifth economy and very soon to be the third largest economy in the world. So there is absolutely no doubt that India has made amazing progress,» Indian American Congressman Shri Thanedar told PTI in an interview. Thanedar, 69, represents the 13th Congressional District of Michigan and is highly popular among Indian Americans across the country. A Marathi speaker, he travels to various parts of the US, meeting and interacting with various Indian American groups and organisations. He was in India as part of a Congressional delegation last August. «It's a country of young people. I think it has more young people, percentage wise than most nations. That is the strength of India. India has now embraced technology. We are seeing the digitalisation of the financial systems, the banking systems. That digitalisation, that progress, that technology has reached smaller towns, villages. So there is a revolution going on in India,» Thanedar said.

Also Read: Bitcoin reaches all-time high of $72,000, should you invest? Here's what experts say The notes will be convertible into cash, shares of Coinbase’s Class A common stock, or a combination, at the company’s election. “The notes will be senior, unsecured obligations of Coinbase, will accrue interest payable semi-annually in arrears and will mature on April 1, 2030, unless earlier repurchased, redeemed or converted.

By Harold Isaac

second straight Democratic nomination Tuesday and set up an all-but-certain rematch with the predecessor he blames for destabilizing the country. Biden became his party's presumptive nominee when he won enough delegates in Georgia. That pushed Biden's count past 1,968 for a majority of delegates to the Democratic National Convention in Chicago this August, where his nomination will be made official.

ITC, SBI, Kfin Tech, Vedanta, Muthoot Capital among others will be in focus due to various news developments. Kfin Tech Kotak Mahindra Bank has sold 2% stake in KFin Technologies through the open market for Rs 208 crore.

On March 11, FOX Business analyst Eleanor Terrett noted that the cryptocurrency industry is gaining influence as the 2024 U.S. elections draw near. She noted the increasing influence of crypto advocacy groups like Coinbase’s “Stand With Crypto Alliance” which boasts over 310,000 members.

Nayab Singh Saini was sworn in as Haryana chief minister on Tuesday replacing Manohar Lal Khattar. The state also saw the break up in the ruling alliance as BJP and JJP parted ways just a month ahead of the Lok Sabha polls. All this happened a day after Prime Minister Narendra Modi praised Khattar at a public event in Gurgaon while recalling his old association with the leader and how they used to ride on the Haryana leader's motorbike to different parts of the state. The break up between the BJP and Jannayak Janata Party (JJP) happened as the saffron party denied two Lok Sabha seats to the Dushant Chautala's party.

Electric car sales in India fell to their lowest level in five months in February even as companies took steep price cuts, indicating it would take more than just a lower acquisition cost to nudge buyers to shift to EVs in India where automakers are committing billions of dollars for the switch to electric mobility. Cumulative sales in February dropped to 7,277 vehicles, the lowest since October, showed data from the government's Vahan portal. So far, this month, EV registrations have fallen to 204 units per day on average, the lowest in 11 months, signalling that the softening of sales is set to continue. Sales are set to slow further with less than 20 days left before the end of incentives under the government's Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme. These incentives are applicable to cars used in the commercial fleet, which comprise a significant portion of EV sales, and with the impending general election, automakers are unsure if the scheme would be extended. Anticipating slowing sales, Tata Motors has cut production in April and May, following a similar move in March, said people aware of the company's plans. Sales of Tata's EV registrations fell 13% sequentially in March. This month Tata Motors plans to produce 2,200 to 2,500 EVs against a peak of 4,500 units about 4-5 months ago. The company is likely to maintain similar production levels for the next two months, said the person cited above.

Political parties in Jammu and Kashmir met the visiting delegation of the Election Commission of India in Srinagar on Tuesday and urged it to hold assembly elections concurrently with the Lok Sabha elections. The ECI team, led by chief election commissioner Rajiv Kumar, arrived in Srinagar on a three-day visit and held interactions with parties, including National Conference, People's Democratic Party, Congress, BJP and CPI (M). The Panthers Party delegation, led by Harsh Dev Singh, was not allowed to meet the ECI team. The party protested outside the meeting venue in Srinagar, alleging «BJP-ECI nexus» is ruining the democratic institution. Leaders of other parties said the ECI delegation heard their suggestions with passion and its attitude seemed to be «considerate».

Quiver Quantitative — Jamie Dimon, CEO of JPMorgan (JPM), recently expressed caution about the U.S. economic outlook, suggesting that a recession could still be a possibility. Speaking at the Australian Financial Review Business Summit, Dimon remarked that while many are expecting a soft economic landing, the chances of such an outcome might be lower than anticipated. He voiced concerns about stagflation, a scenario where inflation and unemployment rise simultaneously while economic growth stalls. Dimon’s comments come at a time when economic indicators have been skewed due to the Covid-19 pandemic, leading him to advise the Federal Reserve to wait for more clarity before cutting interest rates.

Election Commission has amended a key rule relating to the allocation of party symbols to make it applicable in the Union Territory of Jammu and Kashmir. A notification issued by the poll panel on Monday said Election Symbols (Reservation and Allotment) Order, 1968 stands amended and will come into force with «immediate effect». Till the time Jammu and Kashmir was a state, it had its own version of the Representation of the People Act, 1951 and the law applicable elsewhere in country was not applicable there. Later, provisions of Article 370 of the Constitution were abrogated and Jammu and Kashmir was divided into two Union territories in 2019.

Haryana chief minister along with his cabinet ministers, senior BJP leader Manohar Lal Khattar Tuesday hinted that he may be fielded by the party in the coming Lok Sabha polls. Khattar also said he has come to know that the JJP has decided to contest the coming Lok Sabha polls separately. Speaking to the media, Khattar said the party leadership has told him that another responsibility will be given. «It may be decided soon.» «Maybe it is about Lok Sabha polls. I think it is possible...whatever the parliamentary board (of BJP) decides, I will abide by it,» he said.

United States is preparing a new military aid package for Ukraine that could be worth as much as $400 million, two U.S. officials told Reuters on Tuesday, the first such move in months as additional funds for Kyiv remain blocked by Republican leaders in Congress. The officials, speaking on condition of anonymity, said an announcement was expected later on Tuesday. One of the officials said that the funding for this package is from credits refunded to the Pentagon for recent purchases.

Joe Biden tried his best to present himself as an energetic and enthusiastic person in his State of the Union address to the joint session of the US Congress, special counsel Robert Hur has made several damning revelations in his report. He has written in his report that the commander-in-chief confused key dates during his October interview, he even forgot the year of death of his son Beau and when Donald Trump was elected president of the country, reports the 'New York Post'.

Nayab Singh Saini belongs to the OBC community in Haryana. So, the move to make him the CM could be seen as a way for the BJP to set the caste-equation right and make inroads in the vote share among the OBCs. The BJP had replaced Om Prakash Dhankar with Saini as the Haryana party chief in October, a move then seen as an attempt to strengthen its hold on the OBC community.

UAPA for five years. The Ministry, in the notice, issued on Tuesday evening said that the Front is indulging in unlawful activities, which are prejudiced to the integrity, sovereignty and security of the country.

Vaibhav Gehlot had contested the Lok Sabha election unsuccessfully from Jodhpur seat in 2019 against present Jal Shakti Minister Gajendra Singh Shekhawat. The 43-year-old politician is the President of Rajasthan Cricket Association. After Congress declared the second list of candidates for the Lok Sabha Elections, which also does not feature Ashok Gehlot, and Sachin Pilot, Vaibhav Gehlot took to microblogging site X to express gratitude to Congress for nominating him.

Vaibhav, Assam Congress leader Gaurav Gogoi and Nakul Nath, the son of former Madhya Pradesh chief Minister Kamal Nath. The Congress' second list revealed candidates for 12 seats in Assam, seven seats in Gujarat, 10 seats in Madhya Pradesh and Rajasthan each, three seats in Uttarakhand and one seat in Daman and Diu. The Congress is contesting the Lok Sabha elections in partnership with INDIA bloc allies.

Modi Ki Guarantee' and claimed that the word 'guarantee' was first used by Wayanad MP Rahul Gandhi. Jairam Ramesh, while speaking to on Tuesday, said the warranty of Prime Minister Narendra Modi's is «going to expire» after the general elections. "...The guarantees we've given in Telangana and Karnataka are being fulfilled. Where did the word guarantee come from? This is not Narendra Modi's word. Rahul Gandhi had used the term 'guarantee' during Karnataka assembly elections. Jab Modi ki warranty khatam ho rahi hai toh guarantee dene ka kya matlab hai?" he said.