Congress may win 140-plus Lok Sabha seats, says internal survey

April 26, 2014

New Delhi, Apr 26: The Congress may win more than 140 seats in the Lok Sabha elections this year, revealed a recent internal assessment by the party.

Congress_WinAccording to a report, the Congress believes it would reach the 140-plus figure on the basis of feedback received from its state units where polls have already taken place. However, the party has also predicted that the BJP could emerge as the largest party in the 16th Lok Sabha, though its prime ministerial candidate Narendra Modi would struggle to help the party even reach its record tally of 182 seats, which was won in 1998 and 1999, under former prime minister AB Vajpayee's leadership.

An upbeat Congress has now instructed all its state committees to step up its efforts in the 194 seats where polls are yet to be held. A proof of this is seen in the way in which Congress president Sonia Gandhi and her children, Rahul and Priyanka, have raised the poll pitch and started campaigning more aggressively.

Though the Congress leadership accepts there is a strong anti-incumbency wave, it has concluded that the BJP's failure to cut through caste barriers in rural areas would affect its performance in the Lok Sabha elections. "The key to Modi's plan is to make RSS' vision propping up a Akhand Hindu vote-bank. But most Dalits and OBCs - along with traditional anti-BJP sections among Hindus - are still refusing to be swept away by a Modi wave," a senior AICC functionary said.

Congress' internal assessment gives the party a minimum of 43 seats in the south, 50 seats in 12 northern states, 20 seats in west and 25 seats from east and north-east. "Our assessment makes us feel that a majority of Yadavs are still with Mulayam and Lalu Prasad in UP and Bihar, respectively, despite Modi focusing on the states. While Mayawati still holds sway on majority of Dalits in UP, elsewhere they are rallying behind Congress," the functionary added.

Congress also feels majority of Kurmis are still with Nitish Kumar in Bihar, advertising firmness of caste loyalty over religion. The assessment says BJP would not cross 35 seats in UP and 18 in Bihar. "The only way Modi can sweep the sates would be by making Yadavs switch over to BJP en masse. That does not seem to be happening," a Union Minister said.

The grand old party believes that Modi has consolidated significant Muslim and minority voters against the BJP-led NDA. "The more Modi wave is projected and the more Modi gets aggressive, the larger the counter-rallying among minorities for obvious reasons," a Congress leader said.

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Agencies
May 17,2020

New Delhi, May 17: Following the COVID-19-induced economic disruptions, up to 135 million jobs could be lost and 120 million people might be pushed back into poverty in India, all of which will have a hit on consumer income, spending and savings, says a report.

According to a new report by international management consulting firm Arthur D Little, the worst of COVID-19's impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita income, which in turn will result in a steep decline in the Gross Domestic Product (GDP).

"Given the continued rise of COVID-19 cases, we believe that a W-shaped recovery is the most likely scenario for India. This implies a GDP contraction of 10.8 per cent in FY 2020-21 and GDP growth of 0.8 per cent in FY 2021-22," the report said.

India's COVID-19 tally has crossed 90,000 and the nationwide death toll has touched nearly 2,800 so far.

The report titled "India: Surmounting the economic challenges posed by COVID-19: A 10-point programme to revive and power India's post-COVID economy" said the 'collateral damage' of the forecasted GDP slowdown, will be felt most acutely in employment, poverty alleviation, per-capita income and overall nominal GDP.

"Unemployment may rise to 35 per cent from 7.6 per cent resulting in 136 million jobs lost and a total of 174 million unemployed. Poverty alleviation will receive a set-back, significantly changing the fortunes of many, putting 120 million people into poverty and 40 million into abject poverty," the report said.

"India is headed towards a W-shaped economic recovery with a potential GDP contraction of 10.8 per cent in FY21. An opportunity loss of USD 1 trillion is staring India in its face," said Barnik Chitran Maitra, lead author of the report and Managing Partner & CEO of Arthur D Little, India and South Asia.

Maitra further said "for its USD 5 trillion vision, a radical economic approach is needed, centred on an immediate stimulus and structural reforms. The Prime Minister's visionary 'Atma Nirbhar Bharat Abhiyan' is a good start to this new approach."

The report lauded the steps taken by the government and the Reserve Bank of India, but said a far more assertive approach may be required given the magnitude of the adverse economic output.

The report suggested a 10-point programme to accelerate the recovery which include strengthening the 'safety net' significantly for the most vulnerable, enable survival of small and medium businesses, restarting the rural economy and providing targeted assistance to at-risk sectors.

It further said the government should launch "Make in India 2.0" to capture global opportunities, build 'Modern India', accelerate Digital India and Innovation, strengthen global investment corridors with the US, UAE, Saudi Arabia, Japan and the UK, debottleneck land and labour and transform banking and financial markets in a bid to secure a sustainable economic future for 1.3 billion Indians. 

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News Network
May 25,2020

New Delhi, May 25: India witnessed the highest ever spike of 6,977 positive cases in the last 24 hours, taking the total number of COVID-19 to 1,38,845, according to the Union Ministry of Health and Family Welfare.

India is now among the top 10 countries in the world regarding the total number of COVID-19 cases.

With 154 deaths reported in the last 24 hours, the total number of deaths due to COVID-19 now stands at 4,021 in the country.

Out of the total number of cases, 77,103 are active cases and 57,721 have been cured/discharged/migrated.

Maharashtra continues to remain the worst affected state with 50,231 COVID-19 cases, followed by Tamil Nadu (16,277), Gujarat (14,056) and Delhi (13,418).

The fourth phase of the nationwide lockdown imposed as a precautionary measure to contain the spread of COVID-19 is scheduled to end on May 31.

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Agencies
May 31,2020

New Delhi, May 31: The income tax department has notified forms for filing income tax returns for the financial year 2019-20.

The Central Board of Direct Taxes (CBDT) has notified Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for the assessment year 2020-21.

The department has revised the I-T return forms for the financial year 2019-20 to allow assessees to avail benefits of various timeline extension granted by the government following the COVID-19 outbreak.

The government has extended various timelines under the Income Tax Act, 1961, through the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020.

Accordingly, the time for making investment or payments for claiming deduction under Chapter-VIA-B of IT Act that include Section 80C (LIC, PPF, NSC etc.), 80D (Mediclaim) and 80G (Donations) for the financial year 2019-20 had been extended to June 30, 2020.

ClearTax founder and CEO Archit Gupta said, "The new forms require a separate table to disclose tax saving investment made in the first quarter of 2020 for availing them in FY 2019-20. Taxpayers must assess their tax liability for FY 2019-20 and make sure they are maximising their Section 80C benefits if not already done so."

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