Delhi headed for fresh polls

November 4, 2014

New Delhi, Nov 4: Delhi appears headed for a mid-term Assembly election after all the major political parties — the BJP, Congress and the Aam Aadmi Party (AAP) — on Monday expressed their inability to form a government.

JungLt. Governor Najeeb Jung is likely to send a report to the President recommending dissolution of the Assembly, ending the eight-month-long political uncertainty. The Assembly has been in suspended animation ever since President’s Rule was imposed in mid-February.

Mr. Jung had called the political parties for a consultation to explore the possibility of government formation. In separate meetings with him, all the three parties said they do not have the numbers to form a new government and sought fresh polls.

Top BJP sources said the party had taken “an in-principle” decision not to take a shot at government formation and the Central leadership had already conveyed to the Delhi unit to start preparations for fresh polls. “The party has decided to decline any offer of government formation. We will prefer going to the polls,” a senior party leader in Delhi said.

Delhi BJP president Satish Upadhyay and senior leader Jagdish Mukhi met the L-G in the morning and are understood to have conveyed the party’s view on the political situation. With 31 seats, the BJP had emerged as the single largest party in the elections last December, falling four short of a simple majority.

Congress and AAP leaders met the L-G later in the day and expressed their desire for fresh polls, along with the elections in Jharkhand and Jammu and Kashmir starting November-end.

Senior AAP leader Manish Sisodia said the party’s stand, of dissolving the Assembly, was the same as it was eight months ago.

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News Network
March 23,2020

Bengaluru, Mar 23: Indian stocks plunged over 9% on Monday, as the rapidly spreading coronavirus pandemic sent major states including the country's capital into a lockdown amid increasing fears that outbreak could bring world economies to a grinding halt.

The NSE Nifty 50 index slipped 9.17% to 7,937.75 by 0408 GMT, while the S&P BSE Sensex was 9.42% lower at 27,093.24.

Over the weekend in India, the virus drove several companies to shut operations and the government sent states into lockdowns, bringing normal life to a grinding halt.

"Panic has gone up domestically because of the lockdown situation," said Vinod Nair, head of research at Geojit Financial Services.

"There is fear that the situation will not be brought under control soon."

The rupee hit a fresh record low of 76.05 against the dollar, as a flight into cash and worries about tightening liquidity boosted demand for the world's reserve currency.

Meanwhile, global markets crumbled, with MSCI's broadest index of Asia-Pacific shares outside Japan sliding nearly 4% as the global death toll climbed to over 14,000, further battering economic activity, and raising fears of a global recession.

After market hours on Friday, the Securities and Exchange Board of India halved position limits for certain stock futures, restricted short-selling of index derivatives and raised margin rates for some shares to curb "abnormally high" volatility amid the pandemic.

In domestic trading, the Nifty PSU Bank Index plunged 8%, while the Nifty bank index crashed nearly 10%.

The Nifty Auto Index slid 9% after several carmakers over the weekend suspended production due to the virus.

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News Network
April 10,2020

New Delhi, Apr 10: With 896 COVID-19 cases reported in the country in the last 24 hours, India's total number of coronavirus positive cases rose to 6,761 on Friday, informed the Union Ministry of Health and Family Welfare.

Out of all these cases, 6039 are active cases, 516 have been cured/discharged/ migrated, and 206 deaths have been reported so far.

The country witnessed the highest one day increase with 896 cases.

37 deaths were reported in the last 24 hours.

Maharashtra with 1364 cases is the worst affected state followed by the Union Territory of Delhi with 898 cases and Tamil Nadu with 834 cases.

The country is under a 21-day lockdown until April 14 which was imposed to curb the spread of the virus.

States like Odisha and Punjab have extended the lockdown till April 30.

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News Network
May 13,2020

Lucknow , May 13: Samajwadi Party chief Akhilesh Yadav on Wednesday took a jibe at Prime Minister Narendra Modi over announcing Rs 20 lakh crore special economic package to boost the economy saying that the Centre is again making "false promises to 133 crore Indians".

"Earlier, you promised Rs 15 lakh and now Rs 20 lakh crore. You have made false promises 133 times with 133 crore Indians. How can someone trust you this time? People now are not asking how many zeroes there are but how many false promises have been made," he tweeted (translated from Hindi).

Yesterday, Prime Minister Narendra Modi had announced a Rs 20 lakh crore economic stimulus package for the country fighting COVID-19, stating that it will give a new impetus and a new direction to the self-reliant India campaign.

The Prime Minister had also announced that the fourth phase of lockdown will be completely redesigned with new rules and will commence from May 18.

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