Gujarat: BJP sweeps local bodies polls, wins 107 out of 123 seats

November 29, 2016

Ahmedabad, Nov 29: In a shot in the arm for BJP after Prime Minister Narendra Modi's demonetisation move and ahead of Gujarat elections next year, the party swept local bodies elections by capturing 107 seats out of total 123 seats which went for polls in different parts of the state.

BJPGujarat Chief Minister Vijay Rupani hailed the victory as people's endorsement of Modi's two recent steps - surgical strikes across the LoC and demonetisation.

The party won in two municipalities and one taluka panchayat along with majority seats of various other local bodies on which voting was held on Sunday. The result were declared today.

BJP captured 107 out of total 123 seats which went for polls in different parts of the state.

Putting a dismal performance ahead of the Assembly polls due next year, the Congress manged to capture only 16 seats in this election.

As per the final result declared by the Gujarat State Election Commission, BJP has registered victory in Vapi municipality of Valsad district by capturing 41 out of total 44 seats. Only three seats went to Congress. Vapi municipality was earlier held by BJP.

Similarly, BJP made a near clean sweep in the polls to Kanakpur-Kansad municipality of Surat, where it captured 27 out of 28 seats, leaving only one to Congress. It was also held by BJP earlier.

In Rajkot, BJP snatched Gondal taluka panchayat, which went for mid-term poll, from Congress by winning 18 out of total 22 seats. Congress settled for only four. Earlier, Congress was ruling Gondal taluka panchayat.

The results of the local bodies elections assume significance for the BJP in the run up to the state polls next year, and that they were held just after the demonetisation of Rs 500 and Rs 1,000 notes by the Centre.

Apart from these three elections, Gujarat SEC conducted by-elections on 29 seats of various municipalities, taluka panchayats and district panchayats across the state. The bypolls were necessitated as these seats fell vacant due to various reasons.

Out of total 16 seats of different municipalities, BJP bagged 14 while Congress has to settle for only two. Out of the total four seats of district panchayats, both the parties bagged two each. In the taluka panchayat by-polls, BJP won on five out of total nine while Congress captured four seats.

Gujarat Chief Minister Vijay Rupani hailed the victory as people's endorsement to Modi's two recent steps - surgical strikes across the LoC and demonetisation.

"This is truly a grand success of BJP, as elections took place in different parts of state representing people from different communities. Thus, we can say that every section of society accepted BJP," said Rupani.

"BJP's victory in Gujarat can be seen as people's endorsement to Modi's two recent steps - surgical strike across LoC and the demonetisation move to wipe out black money from the system," he said.

BJP spokesperson Bharat Pandya said that this is a vote for demonetisation decision of the BJP and negative approach of the Congress to oppose the anti-black money move.

Gujarat Congress conceded its defeat and vowed to work hard for the people. The opposition party also downplayed BJP's victory, claiming that people's mood can't be judged from such local body polls.

"We accept our defeat. But, BJP must not forget that it was only bypoll on some seats. Results of these polls cannot be taken as the litmus test of people's mood. We will introspect on these results. We will continue to raise issues concerning people," Gujarat Congress spokesperson Manish Doshi said.

Comments

Ibrahim
 - 
Tuesday, 29 Nov 2016

Do crime...you goondaas.. celebrate temporary victory cheaters always win temporarily ... when the final verdict from and big punishment arrive from God even you will not get time to be cry for it....

Naren kotian
 - 
Tuesday, 29 Nov 2016

Jai Sri ram. ...hara hara modi. We must ransack this jihadist backed black money filled khangrace. . by hook or crook ..we have to install Hindu govt across India and we will do it ....burnol sales went up ....haha....I am wondering why so called Muslim pro website is not showing Myanmar rohingyas issue ....haha...

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
July 14,2020

New Delhi, Jul 14: India's COVID-19 tally breached the 9 lakh mark as 28,498 new coronavirus cases were reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Tuesday.

As per the Health Ministry, there are a total of 9,06,752 coronavirus cases in the country of which 3,11,565 patients are active cases.

5,71,459 patients have been cured/discharged while one patient has been migrated, the Ministry informed further.

553 more deaths due to COVID-19 were reported in the last 24 hours in the country, taking the number of patients succumbing to the virus to 23,727.

The Centre further informed that India's recovery rate from COVID-19 stands at 63.02 per cent while the recoveries and deaths ratio stood at 96.01 per cent and 3.99 per cent respectively.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,60,924 COVID-19 cases and 10,482 fatalities. While Tamil Nadu has a tally of 1,42,798 cases and 2,032 deaths due to COVID-19.

Delhi has reported a total of 1,13,740 cases and 3,411 deaths due to COVID-19.

As per the information provided by the Indian Council of Medical Research (ICMR) 1,20,92,503 samples have been tested for COVID-19 till July 13, of these 2,86,247 samples were tested on Monday.

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News Network
July 20,2020

New Delhi, Jul 20: Alleging that 2,426 companies have "looted" people's savings to the tune of Rs 1.47 lakh crore from banks, Congress leader Rahul Gandhi has asked if the Prime Minister Narendra Modi led government will conduct a probe into it to punish those guilty.

"2,426 companies looted 1.47 lakh crore rupees of people's savings from banks. Will this government investigate this loot and punish the culprits?" Gandhi said on Twitter, without elaborating.

"Or will it allow them to flee like Nirav and Lalit Modi?" he asked.

Gandhi's attack came after media reports claimed that the All India Bank Employees Association (AIBEA) had released a list of 2,426 borrower accounts that have been categorised as “wilful defaulters” with dues amounting to Rs 1,47,350 crore to the banking system.

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