BJP at 69, Congress at 50 in Rajya Sabha after polls

Agencies
March 24, 2018

New Delhi, Mar 24: The BJP has made a significant gain of 11 additional seats while the Congress made an overall loss of four in the biennial elections to 58 Rajya Sabha seats, consolidating the saffron party's position in the House and leaving its main rival far behind.

Its 28 candidates emerged victorious in the polls held yesterday against 17 retiring members, while the Congress won only 10 seats while 14 of its members will retire next week.

A calculation of tallies shows that the BJP's strength in the 245-member House will go from the existing 58 to 69 and that of the Congress will fall from 54 to 50 when the new MPs take oath next week.

However, a majority in the Council of States will continue to elude the BJP-led NDA.

It recently suffered a setback when the Telugu Desam Party, its ally of four years, decided to break ties. The TDP has six members in the House.

However, NDA managers are upbeat following the loss in numbers of most vocal opposition parties like the Congress and the Samajwadi Party, which won only one seat while its six members are retiring.

BJP sources said treasury benches will now be more comfortably placed in the House as regional parties like the AIADMK, TRS, which has gained three more seats, YSR Congress and the BJD, all of whom are outside the NDA, have been more open to supporting the government's legislative agenda.

The Modi government's bills have often been stalled in the House, where it has lacked a majority, by a united opposition after it managed to pass them in the Lok Sabha, where it enjoys a strong majority.

BJP's winning spree in state Assembly polls has resulted in a steady rise in its numbers in the House, whose members are elected by assemblies, while the loss of power of the Congress in many states has led to a fall in its numerical strength.

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News Network
March 29,2020

New Delhi, Mar 29: The total number of COVID-19 positive cases rose to 1024 in the country, said Ministry of Health and Family Welfare on Sunday.

"The total number of COVID-19 positive cases rise to 1024 in India including 901 active cases, 96 cured/discharged/migrated people and 27 deaths," Ministry of Health and Family Welfare said.
Prime Minister Narendra Modi had on Tuesday announced a 21-day lockdown to stem the spread of COVID-19, which has left thousands dead around the world.

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News Network
February 28,2020

Feb 28: Market benchmark Sensex plummeted over 1,100 points, wiping off over Rs 5 lakh crore investor wealth, in opening session on Friday amid a massive selloff in global equities as rising coronavirus cases outside China stoked fears of a pandemic that could dent world growth.

The 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, while the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.

All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries.

In the previous session, the Sensex settled 143.30 points, or 0.36 per cent, lower at 39,745.66, and the Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30.

According to analysts, till last week the market was of the view that coronavirus was going to have minimum impact on global economy as situation in China was being contained. But the increase in the number of new cases is changing the view and investors are worried about an intense slowdown.

Further, incessant selling by foreign investors is also spooking domestic market participants, traders said.

On a net basis, foreign institutional investors sold equities worth Rs 3,127.36 crore on Thursday, data available with stock exchanges showed.

Stock exchanges in Shanghai, Hong Kong, Seoul and Tokyo plunged up to 4 per cent in their morning sessions.

On Wall Street, the Dow Jones Industrial Average dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1 per cent.

The S&P 500 has now plunged 12 per cent from the all-time high it set just a week ago.

World oil prices too tumbled by more than 4 per cent overnight as traders fretted about the impact of spreading coronavirus on crude demand, particularly from key consumer China.

Brent crude oil futures fell another 2.47 per cent to USD 50.45 per barrel early in the day.

The rupee depreciated 28 paise to 71.89 against the US dollar in morning session.

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News Network
February 16,2020

Varanasi, Feb 16: Amidst continuing protests against the amended citizenship law, Prime Minister Narendra Modi on Sunday said his government stood by the decision despite all pressure.

"Be it the decision on Article 370 or the Citizenship Amendment Act, it was necessary in the interest of the country. Despite pressure, we stand by our decision and will remain so," he said.

Modi was addressing a public meeting in his Lok Sabha constituency.

Prime Minister Narendra Modi also asserted that the trust set up for construction of the Ram temple in Ayodhya will work "rapidly".

"A trust has been formed for construction of a grand Ram temple in Ayodhya. This trust will work rapidly," he said at a public meeting during his day-long visit to his Lok Sabha constituency.

The government had recently set up the Shri Ram Janmabhoomi Teerth Kshetra on the Supreme Court's directive to the Union government to form a trust that can look into the construction and management of the temple.

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