Election Financial News

Ram Temple inauguration in Ayodhya, Congress hit out at Bharatiya Janata Party (BJP) commenting ‘why are they in a hurry to inaugurate an under-construction building’. Shankaracharyas cited that the event is not happening adhering to scriptural guidelines for the 'Pran Pratishtha' ceremony Taking a jibe at the BJP, Congress leader Alka Lamba, "Ask them (BJP), why are the Shankaracharyas not going (to attend the Pran Pratishtha ceremony).

Donald Trump has said that he has already settled on his running mate for the US Presidential Election 2024 if he gets the Republican nomination. But he has refused to name the person. In a televised town hall in Des Moines, Iowa, he said, «Well, I can’t tell you that. I mean, I know who it’s going to be.» Talking to Fox News hosts Bret Baier and Martha MacCallum, he claimed that he has received numerous calls from people eager to work in his potential new administration.

BJP president Bhupendra Chaudhary on Thursday said neither the Congress nor the Samajwadi Party are any challenge to his party and the entire country is today «Ram-may» — immersed in the devotion of Lord Ram. «Neither the Samajwadi Party (SP) nor the Congress are a challenge. You can see that the entire state and country is 'Ram-may',» the BJP state president said when asked if these parties were coming up as a challenge to his party.

fiscal deficit target at 5.3% of GDP and keep disinvestment proceeds estimates to below ₹50,000 crore in the interim budget for 2024-25. The fiscal deficit, which is the indication of government borrowing to bridge the gap between total revenue and expenditure, is estimated at 6% of GDP in the current financial year, a tad higher than 5.9% projected in the Budget presented in February, last year.

Chief Election Commissioner Rajiv Kumar on Thursday asked the state chief electoral officers to deliver a «spotless» Lok Sabha polls due in March-April. Addressing a conference of CEOs here ahead of the Lok Sabha elections, he also said «a solid set of preparations» is in place for the democratic exercise.

Michelle Obama launch a candidacy for the US Presidential Election 2024? After her interview with Jay Shetty in a podcast this question has been raised. Former Fox News personality and political commentator Megyn Kelly has said Michelle Obama is more talented politically than Joe Biden. Talking to the SiriusXM podcast, 'The Megyn Kelly Show', she said, «There’s no question she's more talented than Joe Biden is politically. No question.» But Kelly said she was not sure whether the former first lady would vie for the commander-in-chief role.

Trinamool Congress chief Mamata Banerjee on Thursday wrote to the high-level committee on «One Nation, One Election» expressing her disagreement with the concept of simultaneous polls to the Lok Sabha and assemblies, and said it would be against the basic structure of India's constitutional arrangements. In a letter to the panel secretary, Banerjee said that in 1952, the first general elections were simultaneously conducted for the central and state levels.

Read our complete Budget 2024 coverage here An Interim Budget is traditionally supposed to be just a vote-on-account shorn of any mega announcements or benefits to people. The government is likely to stay on the fiscal course-correction glide path in the Interim Budget for FY25, shunning populist spending or incentives ahead of the summer general election, ET has reported recently, based on information from people aware of deliberations on the subject. The government is also concerned that any consumption booster could exacerbate inflationary pressures and jeopardise efforts to rein in prices. At the same time, capital expenditure may be raised again in FY25 from the ₹10 lakh crore budgeted in the current fiscal year to spur economic growth, given its high multiplier effect, including the crowding in of private investment. The government expects to meet the FY24 fiscal deficit target with a higher-than-anticipated revenue mop-up, making up for the increase in spending under some heads. Where does all this leave the taxpayer who expects Finance Minister Nirmala SItharaman to announce income-tax incentives and benefits in the Interim Budget?

Mangalore Refinery and Petrochemicals, a government-owned refinery company, continued their winning streak for the third consecutive trading session on Thursday, gaining 17.8% to hit a new record high of ₹158 apiece, surpassing their previous record of ₹149 apiece achieved in January 2008. By 01:15 pm, a total of 33.8 million shares were traded on the NSE and BSE combined, significantly exceeding the one-week average trading volume of 2.1 million shares. Also Read: Nifty 50 usually gains 6 months pre and post general elections despite volatility: Motilal Oswal In the calendar year 2023, the stock generated a multibagger return of 137.52%, marking its third consecutive year of positive performance.

Motilal Oswal Financial Services. The brokerage firm highlighted data spanning six months before and after the general election results of the last five elections (1999, 2004, 2009, 2014, and 2019) which indicates a consistent upward trend in the benchmark index Nifty50.

Congress turned down the invitation for the 'Pran Pratistha' ceremony of Ram Temple, scheduled to be held on January 22, after which the Bharatiya Janata Party leaders have slammed the grand old party, terming it «unfortunate, painful and shameful.» Earlier on Wednesday, Congress declared that it would skip the massive inauguration ceremony being planned for the Ayodhya Ram Temple, saying it was a «political project» of the BJP and Rashtriya Swayamsevak Sangh. Reacting to the issue, BJP MP Ravi Shankar Prasad said that the 'Pran Pratistha' ceremony of Lord Ram is a matter of joy for the whole nation.

Union Budget by the Narendra Modi government before the 2024 Lok Sabha Election. An annual financial statement for the Union of India that contains the government's revenue and expenditure for a given fiscal year, the Union Budget is a massive and complex document. The budget is an annual financial statement that outlines the government's proposed expenditures and revenues for the upcoming fiscal year, which begins on April 1st and ends on March 31st of the following year.

South Korea is planning to enact a new piece of legislation that would require around 5,800 high-ranking public officials to make public disclosures of their cryptocurrencies and other asset holdings. In the aftermath of a number of legislative initiatives that have been undertaken with the intention of boosting openness and minimizing concerns about conflicts of interest in the public sector, this new trend has emerged.

eastward enlargement, once dormant policy areas, are now priorities—giving a new voice to Ukraine’s neighbours in central Europe. The rise of China, and the prospect of resurgent Trumpism in America, has caused the EU to rethink its economic arrangements—often along statist French lines. Climate imperatives have reinforced the value of taking action at collective level—an approach favoured by the EU’s quasi-federal institutions in Brussels.

A stable economy, coupled with impressive tax collections in GST as well as advance income tax should give the current government the power to maintain its capex investments in the Budget, says Vinay Jaising, managing director and co-head, portfolio management services at JM Financial Services. “Capex investments have grown 5.6x in the last decade and now account for 3.3% of the GDP. This should enhance in both the interim and the final budget for the year,” Jaising said in an interview with ETMarkets. He also believes that 2024 would be the year for Indian equities on both an absolute and relative performance basis versus the rest of the world. Edited excerpts: With 2023 turning out to be one of the best times for Indian equities, did your manage to generate alpha returns for your clients? Vinay Jaising: In the last year, three out of four of our Discretionary platforms, which have over a year of history, outperformed the benchmark BSE 500 TRI Index handsomely from 2.6% to 6.9%; with the fourth being largely a market performer.

New Jersey Gov. Chris Christie said Wednesday that he's ending his Republican presidential bid just days before Iowa's leadoff caucuses in a last-ditch effort to deny Donald Trump a glidepath to the nomination. «My goal has never been to be just a voice against the hate and division and the selfishness of what our party has become under Donald Trump,» Christie said at a town hall in New Hampshire.

Maharashtra Assembly Speaker Rahul Narwekar on Wednesday declared the Eknath Shinde faction as the real Shiv Sena, the chief minister took a swipe at the Uddhav Sena and its MVA partner Congress, saying that the ruling came as a 'shock' to «people who run political parties through dynasties». Speaking to reporters after the Speaker's ruling dealt a numbing blow to the Uddhav faction, which has been at loggerheads with the rival group led by Shinde, the CM said, «This is the victory of truth, of democracy. This is the victory of Shiv Sena workers and the people of Maharashtra.

Xi Jinping told Maldivian counterpart Mohamed Muizzu that he supported the strategically located archipelago in protecting its "sovereignty", state media reported, after the two countries signed a number of infrastructure and other agreements. Muizzu was elected in September as a proxy for a pro-China predecessor jailed on corruption charges, vowing to cultivate «strong ties» with Beijing.

As artificial intelligence (AI) rapidly evolves, becoming more capable and accessible than ever, AI-fueled misinformation and disinformation led a ranking of global leaders' top concerns for the next two years as the 2024 election year kicks off and geopolitical conflict persists, the World Economic Forum's (WEF) Global Risks Report 2024 found.

By Nathan Layne

BJP plans to organise several programmes to reach out to Buddhists and leaders of other parties. It is also planning to hold an extended national council in New Delhi, where Prime Minister Narendra Modi will officially sound the bugle for the Lok Sabha polls and set the tone for the party's campaign.