Lok Sabha election ends, India awaits verdict

May 12, 2014

New Delhi, May 12: India's most bitterly fought national election ended Monday evening, with some 60 percent of the 66 million electorate in three states voting in the 10th and last leg of a contest widely tipped to end a decade of Congress rule.POLL_ends

The Election Commission said the balloting ended in Uttar Pradesh (18 seats), West Bengal (17) and Bihar (six), marking the culmination of over five weeks of electoral process during which more than 500 million voters came out to elect a new 545-member Lok Sabha.

Most interest nationally on the final day of polling Monday was on Varanasi in Uttar Pradesh where BJP veteran Narendra Modi, who will be the new prime minister if the BJP-led NDA coalition wins, was a candidate, his might challenged by AAP leader Arvind Kejriwal and the Congress.

Barring stray clashes and allegations of voter intimidation in parts of West Bengal, Monday's voting too passed off peacefully in a tribute to the world's largest democracy.

As in the past, the Bharatiya Janata Party (BJP) said it was confident of forming the next government.

"We will cross the half-way mark of 272" (in the Lok Sabha), party spokesman Prakash Javadekar told IANS. "And there will be a government led by Narendra Modi."

Exit polls are expected within an hour, while the actual counting of the millions of votes polled across the country will take place Friday.

Monday saw a key index of the Bombay Stock Exchange closing at an all-time high, just before exit polls started pouring in, gaining over 550 points or nearly 2.5 percent intra-day.

Even as voting started, serpentine queues of men and women voters were seen at most of the 71,254 polling centres in Uttar Pradesh, Bihar as well as West Bengal.

The turnout was so heavy in Varanasi that some voters complained that they had been standing in the queue for as long as four hours.

More than 50 percent of the electorate had voted within the first six hours of polling that began at 7 a.m. Balloting continued right up to the time the polling centres closed in the evening.

In Varanasi, Aam Aadmi Party's Kejriwal, a former Delhi chief minister, claimed he was sure to defeat Modi. "The situation has changed in the last three days, and now everyone is saying Modi is losing."

Kejriwal insisted that the Varanasi battle was no more a triangular contest. "(Congress candidate) Ajai Rai does not feature anywhere. I feel it is a direct fight with Modi."

The BJP is equally confident of ensuring Modi's win by a huge margin in Varanasi, the second Lok Sabha seat from where the Gujarat chief minister is contesting besides Vadodara in his home state.

Modi Monday urged the electorate to vote in large numbers. His appeal, telecast by television news channels, triggered an immediate protest from the AAP which called it a violation of the model code of conduct.

Ajay Rai courted controversy when he walked into a polling station with the party symbol tucked on his kurta -- a violation of electoral laws.

Officials reported brisk polling in the other 17 constituencies of Uttar Pradesh too, including Azamgarh where Samajwadi Party chief Mulayam Singh Yadav is considered the front-runner.

In Bihar, almost 55 percent of the electorate had voted by 4 p.m.

Additional Chief Electoral Officer R. Lakshmanan said voting was peaceful despite fears of violence. The six constituencies where polling took place were Valmiki Nagar, West Champaran, East Champaran, Vaishali, Gopalganj and Siwan.

The highest polling of nearly 70 percent was reported till 3 p.m. from West Bengal, where the ruling Trinamool Congress is battling the Congress, the Left and a resurgent BJP in 17 Lok Sabha seats.

The opposition accused the Trinamool of unleashing violence to intimidate voters. They claimed that a number of their polling agents were driven out of booths. The Trinamool denied the allegations.

Some 20 people were injured in clashes between CPI-M and Trinamool activists in Haroa, about 40 km from Kolkata.

Uttar Pradesh accounted for most candidates in the final round (328) followed by West Bengal (188) and Bihar (90). Uttar Pradesh has 31 million voters, West Bengal 25 million and Bihar about 9 million.

The drawn out Lok Sabha contest that began April 7 was one of the most bitterly fought in India, with political discourse repeatedly degenerating into vicious personal attacks.

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News Network
July 21,2020

New Delhi, Jul 21: The Enforcement Directorate is understood to have initiated a process to freeze over 60 bank accounts in the country on the request of the Brazilian government in connection with a money laundering case in that country, offiicials said on Monday.

They said the agency has undertaken the action under the provision of the Prevention of Money Laundering Act (PMLA) in pursuance of a mutual agreement between the two nations to combat financial crimes.

The over 60 bank accounts are held by some individuals and businessmen based in the country, they said.

The probe, they said, is linked to some high profile people of Brazil.

The suspected accounts sought to be frozen by the Enforcement Directorate (ED), on behalf of the Brazilian government, are stated to be of banks in Delhi and Mumbai, they added.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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News Network
March 30,2020

New Delhi, Mar 30: The number of COVID-19 cases climbed to 1,071 in India on Monday, while the death toll rose to 29, according to the Union Health Ministry.

The number of active COVID-19 cases stood at 942, while 99 people were either cured or discharged and one had migrated, the ministry stated.

In its updated data at 10.30 am, it said two fresh deaths were reported from Maharashtra.

Thus, Maharashtra has reported the maximum number of eight COVID-19 deaths so far, followed by Gujarat (5), Karnataka (3), Madhya Pradesh (2), Delhi (2) and Jammu and Kashmir (2).

Kerala, Telangana, Tamil Nadu, Bihar, West Bengal, Punjab and Himachal Pradesh have reported a death each.

The total number of 1,071 cases includes 49 foreigners.

The highest number of confirmed cases of the pandemic has been reported from Kerala (194) so far, followed by Maharashtra at 193.

The number of cases has gone up to 80 in Karnataka, while Uttar Pradesh has reported 75 cases.

The number of cases has risen to 69 in Telangana, 58 in Gujarat and 57 in Rajasthan.

Delhi has reported 53 cases, while in Tamil Nadu, the number of positive cases is 50.

Punjab has reported 38 cases, while 33 COVID-19 cases have been detected each in Haryana and Madhya Pradesh.

There are 31 cases of the contagion in Jammu and Kashmir, followed by Andhra Pradesh (19), West Bengal (19) and Ladakh (13).

Bihar has 11 cases, while nine cases have been reported from the Andaman and Nicobar Islands. Chandigarh has eight cases, while Chhattisgarh and Uttarakhand have reported seven cases each.

Goa has reported five coronavirus cases, while Himachal Pradesh and Odisha have reported three cases each. Puducherry, Mizoram and Manipur have reported a case each, the Health Ministry said.

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