Maharashtra Assembly polls: It’s BJP vs the rest

October 14, 2014

Modi Maharastra

Mumbai, Oct 14: With the end of campaigning on Monday, Maharashtra braces for an epic poll battle. With a riveting and unprecedented five-way contest, even Mumbai’s bookies are hedging their bets. The splintering of long-standing political alliances, just three weeks before the polls, set the stage for an election which could dramatically alter the State’s political map.

The big question is whether there will be a clear verdict. Much depends on who will benefit from the anti-incumbency factor against the 15-year rule of the Congress-NCP government, and to what extent.

BJP has the edge

Pollsters see a clear edge for the BJP that could emerge as the single-largest party. The BJP has banked heavily on the Narendra Modi juggernaut, with the Prime Minister’s blitzkrieg of 25 rallies in 10 days. By contrast the Congress chief Sonia Gandhi addressed four rallies and vice-president Rahul Gandhi six.

“There is a definite edge for the BJP because Mr. Modi’s honeymoon period has not yet ended. But whether it will get a clear mandate is not clear. Much depends on whether it has a pan-Maharashtra impact and whether the splitting of both alliances will swing votes towards the BJP,” says B. Venkatesh Kumar, political science professor at the Tata Institute of Social Sciences.

In the Lok Sabha polls, the BJP won 23 of the 24 seats it contested from Maharashtra. With the Prime Minister’s larger than life presence, the campaign became Modi versus the rest. The BJP had to fight off the sentiment of wounded Marathi pride fanned by its former ally the Shiv Sena.

Win will strengthen Modi-Shah as poll mascots

With the Prime Minister’s larger than life presence, the campaign for the Maharashtra Assembly polls became Modi versus the rest. The BJP had to fight off the sentiment of wounded Marathi pride fanned by its former ally the Shiv Sena.

Raj Thackeray’s Maharashtra Navnirman Sena (MNS), the NCP and the Congress accused him of trying to divide Maharashtra, forcing the Prime Minister to issue an uncharacteristic denial.

The BJP is hoping for a repeat of its Lok Sabha success, an antidote to its recent by-election reverses. In the Lok Sabha polls, the BJP won 23 of the 24 seats it contested from Maharashtra.

“There is a definite edge for the BJP because Mr. Modi’s honeymoon period has not yet ended. But whether it will get a clear mandate is not clear. Much depends on whether it has a pan-Maharashtra impact and whether the splitting of both alliances will swing votes towards the BJP,” says B. Venkatesh Kumar, political science professor at the Tata Institute of Social Sciences.

A win in this key State will cement the position of both Mr. Modi and party president Amit Shah as election mascots within the BJP.

However, the lack of strong leadership within the State after the death of Gopinath Munde and the party’s going back and forth on the issue of Vidarbha’s statehood could upset the party’s calculations.

If no clear mandate emerges, the post-poll picture will depend entirely on the numbers with each party. The party with the largest number of seats could form the government with the help of Independents and smaller parties. The BJP and the Shiv Sena could patch up, setting aside the bitterness during the campaign. Or non-BJP parties could try and form an alliance, with signs of a rapprochement between the Shiv Sena and the MNS. Many feel the NCP could join this camp though the party has strongly denied this. If all else fails, the State could well be in for another spell of President’s Rule.

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Maharashtra Assembly polls: It’s BJP vs the rest

Mumbai, Oct 14: With the end of campaigning on Monday, Maharashtra braces for an epic poll battle. With a riveting and unprecedented five-way contest, even Mumbai’s bookies are hedging their bets. The splintering of long-standing political alliances, just three weeks before the polls, set the stage for an election which could dramatically alter the State’s political map.

The big question is whether there will be a clear verdict. Much depends on who will benefit from the anti-incumbency factor against the 15-year rule of the Congress-NCP government, and to what extent.

BJP has the edge

Pollsters see a clear edge for the BJP that could emerge as the single-largest party. The BJP has banked heavily on the Narendra Modi juggernaut, with the Prime Minister’s blitzkrieg of 25 rallies in 10 days. By contrast the Congress chief Sonia Gandhi addressed four rallies and vice-president Rahul Gandhi six.

“There is a definite edge for the BJP because Mr. Modi’s honeymoon period has not yet ended. But whether it will get a clear mandate is not clear. Much depends on whether it has a pan-Maharashtra impact and whether the splitting of both alliances will swing votes towards the BJP,” says B. Venkatesh Kumar, political science professor at the Tata Institute of Social Sciences.

In the Lok Sabha polls, the BJP won 23 of the 24 seats it contested from Maharashtra. With the Prime Minister’s larger than life presence, the campaign became Modi versus the rest. The BJP had to fight off the sentiment of wounded Marathi pride fanned by its former ally the Shiv Sena.

Win will strengthen Modi-Shah as poll mascots

With the Prime Minister’s larger than life presence, the campaign for the Maharashtra Assembly polls became Modi versus the rest. The BJP had to fight off the sentiment of wounded Marathi pride fanned by its former ally the Shiv Sena.

Raj Thackeray’s Maharashtra Navnirman Sena (MNS), the NCP and the Congress accused him of trying to divide Maharashtra, forcing the Prime Minister to issue an uncharacteristic denial.

The BJP is hoping for a repeat of its Lok Sabha success, an antidote to its recent by-election reverses. In the Lok Sabha polls, the BJP won 23 of the 24 seats it contested from Maharashtra.

“There is a definite edge for the BJP because Mr. Modi’s honeymoon period has not yet ended. But whether it will get a clear mandate is not clear. Much depends on whether it has a pan-Maharashtra impact and whether the splitting of both alliances will swing votes towards the BJP,” says B. Venkatesh Kumar, political science professor at the Tata Institute of Social Sciences.

A win in this key State will cement the position of both Mr. Modi and party president Amit Shah as election mascots within the BJP.

However, the lack of strong leadership within the State after the death of Gopinath Munde and the party’s going back and forth on the issue of Vidarbha’s statehood could upset the party’s calculations.

If no clear mandate emerges, the post-poll picture will depend entirely on the numbers with each party. The party with the largest number of seats could form the government with the help of Independents and smaller parties. The BJP and the Shiv Sena could patch up, setting aside the bitterness during the campaign. Or non-BJP parties could try and form an alliance, with signs of a rapprochement between the Shiv Sena and the MNS. Many feel the NCP could join this camp though the party has strongly denied this. If all else fails, the State could well be in for another spell of President’s Rule.

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Agencies
March 16,2020

New Delhi, Mar 16: Chief Justice of India Sharad Arvind Bobde on Monday said that rules for preventing overcrowding in the courts to avoid the spread of coronavirus cannot be relaxed for journalists alone on the basis of profession.

"Can't make an exception on the basis of profession," CJI Bobde said while asking journalists to share information and notes and suggesting that a system can be put in place to facilitate daily media briefing by Secretary-General.

Video conferencing facility being contemplated may be brought into place but not sooner than one week from now and reporters may take turns to attend hearings, CJI Bobde said.

He said that the court does not wish to prevent any reportage.

Attorney General KK Venugopal and Solicitor General Tushar Mehta informed the Chief Justice of India about the crowded corridors on account of restricted entry inside courtrooms.

CJI Bobde said that he himself wishes to assess and take stock of the situation and may do so tomorrow at 10.30 am.

This comes after the top court introduced several precautionary measures to prevent the spread of coronavirus and allowed only restricted entry of lawyers, litigants, and journalists in the courtroom.

Thermal-screening of the lawyers, litigants, and media persons were also conducted in the Supreme Court on Monday amid coronavirus fears.

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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News Network
March 27,2020

Mumbai, Mar 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that Monetary Policy Committee (MPC) has taken note of the global economic activity coming to a near standstill due to the coronavirus pandemic and added that large parts of the world could slip into recession in the coming days to the coronavirus crisis.
"The MPC noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing are imposed across a widening swath of affected countries. Expectations of a shallow recovery in 2020, from 2019's decade low in global growth, have been dashed," Das said.
"The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," he added.
The RBI Governor further added that "the implied GDP growth of 4.7 per cent in Quarter 4 of 2019-20, in the second advance estimates of the National Statistics Office which was released in February 2020, within the annual estimate of 5 per cent for the year as a whole is now at risk."
As per the outlook for the year 2020-21, Das said, "Apart from continuing resilience of agriculture and allied activities most other sectors of the economy will be adversely impacted by the pandemic depending upon, its intensity, spread and duration."
Das also announced a reduction in the repo and reverse repo rates for banks.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability." 

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