Election Financial News
13.12 / 19:43
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Bill proposes simultaneous polls starting from 2034
simultaneous polls has proposed that the beginning of the 'One nation, One election' exercise will be possible only after 2029. ET, in its Friday edition, had reported that Article 82, 83, 172 and 327 are proposed to be amended. The bill proposes to amend Article 82 by insertion of new Article 82 A. The proposed amendment Article 82 A says that the president may by a public notification issued on the first sitting of the House of people after general election bring into force provision of this article. It adds that the date of notification will be called the appointed date. This implies that as per the bill, after the next Lok Sabha polls, an appointed date will be issued for simultaneous polls and the exercise may actually take place in 2034.
13.12 / 19:43
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In reply to ECI, it is BJP's 'quota bias' vs Congress' 'malicious' complaints
Election Commission of India notice on the Congress complaints against Union home minister Amit Shah's campaign speeches during the Maharashtra and Jharkhand polls, the BJP has cited Jawaharlal Nehru's letters to chief ministers on reservations besides Indira Gandhi and Rajiv Gandhi-led governments sitting on Mandal Commission reports. It has argued that the BJP is «duty bound to set the record straight by calling the Opposition's bluff,» ET has learnt. The Congress, which also earned an ECI notice for BJP complaints against Leader of Opposition in Lok Sabha Rahul Gandhi's speeches, has defended its leader, citing a series of news reports as the basis for his comments and termed BJP's complaints as «false, malicious and defamatory.» ET gathers that the ECI is seized of both communications but is yet to take a final view on the matter. Faced with complaints from both BJP and Congress for alleged violation of the model code of conduct by top leaders of BJP and Congress, Amit Shah and Rahul Gandhi, respectively, the poll panel had sent notices to their party presidents — BJP's JP Nadda and Congress' Mallikarjun Kharge on November 16.
13.12 / 18:25
13.12 / 18:19
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Donald Trump highlights Kamala Harris' biggest mistake, says the VP should not have taken the assignment of the Democratic Party candidate
US President- elect Donald Trump actually discussed about the US Presidential campaign of US Vice President Kamala Harris which he eventually believes was flawed from the start, reported Revolt. According to Revolt, he actually claimed that her biggest mistake was ‘taking the assignment’ to run for US President following the exit of US President Joe Biden in the month of July. Donald Trump also severely criticized Kamala Harris for not engaging more with the media while stating that her reluctance to conduct interviews actually raised questions about her capabilities. He also noted that while she participated in some interviews, they were perceived as inadequate compared to his extensive media engagements.
13.12 / 14:59
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Canada putting together a list of retaliatory measures to Trump's tariffs, threatens to cut power to U.S.
Ontario Premier has eventually announced that the province is pretty well prepared to significantly retaliate against US President- elect Donald Trump's proposed 25% tariffs on Canadian goods by potentially cutting off energy exports to the US, reported Daily Beast. According to Daily Beast, in a pretty recent press conference following discussions with Canadian Prime Minister Justin Trudeau and other important provincial leaders, Doug Ford actually emphasized on the fact that Ontario would utilize ‘every tool in our toolbox’ to protect its economy and citizens. He also stated that Ontario supplies electricity to near about 1.5 million US homes which are primarily located in Michigan, Minnesota and New York while halting these exports would be a significant measure if tariffs are enacted. Also Read: Silicon Valley CEOs rush to mend relations with Trump; Bezos, Sundar Pichai to meet the President-elect, Amazon to donate $1 million for inauguration
13.12 / 05:17
12.12 / 22:37
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Going for Greenland again? Will Trump buy land to expand USA amid his Canada taunts? A Fox News host says it could become a reality in the next 4 years
Donald Trump had claimed that Canada should become US' 51st state, rather than an independent country, a statement that has brough in a lot of criticism from Canadian leaders and citizens. Meanwhile, with Trump coming to power in January, there are high chances that the United States may indulge in some major land purchasing deals, and expand its territories further.
12.12 / 20:59
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Should Joe Biden pre-emptively pardon Hillary Clinton ahead of Trump taking office? Here's what Bill Clinton says
former US President Bill Clinton actually discussed the possibility of US President Joe Biden preemptively pardoning his wife named Hillary Clinton amidst threats of further investigations from US President- elect Donald Trump ally Kash Patel, reported Daily Beast. According to Daily Beast, Bill Clinton eventually emphasized on the fact that Hillary Clinton did nothing wrong at all regarding the email controversy while noting that the State Department of Donald Trump actually found no evidence of her sending classified emails from her personal device. He also expressed his severe skepticism about the need for a pardon while suggesting that any accusations made by Kash Patel would likely be fabricated.
12.12 / 20:17
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Joe Oliver: Justin Trudeau should resign or call an early election
For someone used to getting his own way for most of his life, public hostility, repeated failure and relentless bad news must be terribly trying for Prime Minister Justin Trudeau. His government began in 2015 with high hopes and widespread good wishes. Now that it is all coming crashing down, he refuses to accept blame and either change course or resign — a personal shortcoming that has become a national problem.
12.12 / 17:35
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Chill down the spines of British PM? Punters say, Reform leader Nigel Farage favourite to replace Sir Keir Starmer as the next prime minister
Nigel Farage has eventually emerged as the favorite to replace Sir Keir Starmer as the upcoming Prime Minister of the UK while eminent Ladbrokes have placed his odds at 5/2, reported Daily Star. According to Daily Star, this certain shift in betting comes amidst a surge of support for The Reform UK party of Nigel Farge while the party is now being seen as a potential contender for the most seats in the next general election. Kemi Badenoch who is the current Tory leader eventually follows with odds of 3/1 while Angela Rayner who is the Deputy Prime Minister stands at 6/1. Also Read: Bombshell lawsuit linked to Diddy scandal slowly beginning to hurt Jay-Z; now, source says NFL could end $25 million multi-year deal with his company Roc Nation
12.12 / 16:25
12.12 / 15:31
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Inflation is stuck. Can Trump unstick it?
Subscribe to enjoy similar stories. Inflation played a starring role in last month’s election, and part of Donald Trump ’s pitch was that he would cool things off. “I won on groceries," the president-elect said in an interview Sunday on “Meet the Press." In his nomination-acceptance speech at the Republican National Convention in July, Trump said he would “end the devastating inflation crisis immediately." Despite his pledge to lower inflation, if Trump follows through on some of his tariff and immigration plans , economists worry he might do just the opposite .
12.12 / 14:21
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Trump is named Time's Person of the Year, will ring the New York Stock Exchange bell
President-elect Donald Trump is back in his hometown of New York where he's been honored as Time magazine’s Person of the Year and will ring the opening bell at the New York Stock Exchange
12.12 / 14:21
12.12 / 14:21
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ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
The European Central Bank is cutting interest rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs
12.12 / 14:19
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One Nation One Election: Siddaramaiah slams Cabinet decision, says Karnataka assembly will adopt resolution
Siddaramaiah on Thursday slammed the Union Cabinet's decision on introducing the One Nation, One Election (ONOE) Bill and described the move as an assault on parliamentary democracy and the federal structure of India. The decision was a sinister conspiracy to curb the rights of states, he said in a statement. «At a time when the current electoral system is in dire need of reforms, such a bill will only weaken the foundations of democracy further. Before approving such a critical bill, the Modi government should have consulted opposition parties and state governments. However, true to its authoritarian tendencies, the BJP-led central government is trying to impose this undemocratic proposal on the country.» The Kerala government, Siddaramaiah said, has already passed a resolution opposing the ONOE proposal and has communicated its dissent to the Centre. «If needed, our government will also consult the Congress High Command and adopt a similar resolution to send a strong message against this anti-democratic move.»
12.12 / 13:35
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ECB cuts key deposit rate by 25 bps to 3% amid concerns of tepid growth, impact of Trump trade policies
European Central Bank has cut rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new U.S. import tariffs. The bank's rate-setting committee made the decision on Thursday at its skyscraper headquarters in Frankfurt to lower the benchmark from 3.25% to 3%.
12.12 / 13:21
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One nation, one election: Top 10 recommendations made by Ram Nath Kovind panel
simultaneous elections, which were accepted by the Cabinet in September. The top 10 recommendations on simultaneous polls made by the high-level panel on «one nation, one election» are: 1. The government must develop a legally-tenable mechanism in order to restore the cycle of simultaneous elections.
12.12 / 13:21
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One nation, one election: Cong reiterates its opposition to idea, calls it bid to divert
«The Union Cabinet has cleared the Bill on One Nation One Election. The views of the Indian National Congress on this subject had been forcefully articulated by its President Mallikarjun Kharge ji on January 17, 2024. Nothing has happened since then to modify them,» said Congress general secretary in-charge communications Jairam Ramesh. Kharge, in a letter to the secretary of the high-level committee on 'one nation, one election' on January 17, 2024, had said, «The Indian National Congress is strongly opposed to the very idea of 'One Nation, One Election'.»
12.12 / 09:49
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One Nation, One Election: Why is the bill so dear to BJP and why it is opposed
One Nation, One Election" bill, a significant move aimed at streamlining the electoral process. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole.
12.12 / 09:49
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One Nation One Election in Parliament now? BJP issues three-line whip to all its MPs to be present in Lok Sabha
One Nation One Election bill. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole.
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