Note ban will end up making UP polls more costly: Survey

December 26, 2016

Lucknow, Dec 26: Demonetisation has forced candidates to find "innovative ways to pump in black money" for campaigning which will end up making the Uttar Pradesh Assembly polls more costly, a survey has claimed.note

The survey conducted jointly by Association for Democratic Reforms (ADR) and UP Election Watch to study impact of demonetisation on poll expenses said, "Demonetisation will have no impact in the campaigning or the poll expense."

In the survey, 69 per cent of the prospective candidates and party office-bearers admitted that compared to previous polls, the cost of contesting elections would rise by at least 10 per cent due to demonetisation.

Around 65 per cent of the perspective candidates said there would be no impact on the "mode and methods of luring voters" in the coming Assembly polls while 70 per cent said they would follow the old patterns to woo voters.

Traders dealing in poll materials; event managers, printers and travel agents said there would be problem in the campaigning and 70 per cent of them admitted their trade has been affected.

On cashless system, 60 per cent of the traders admitted it would have no adverse effect on their business.

While releasing the report of the survey, chief convener of ADR and UP Election Watch, Sanjay Singh said post demonetisation, a survey on its possible impact in the forthcoming assembly elections of UP was conducted in various areas and Assembly segments of the state.

The survey was conducted in 30 Assembly constituencies spread over 10 divisions of Uttar Pradesh -- Jhansi, Banda, Kanpur, Lucknow, Meerut, Varanasi, Gorakhpur, Allahabad, Agra and Bareilly.

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Althaf
 - 
Tuesday, 27 Dec 2016

But for BJP it does not matter because most of the BJP Leaders already gathered crores of black money with the help of Our FENKU

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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News Network
January 24,2020

Bengaluru, Jan 24: Karnataka High Court on Friday ordered notice to the state government and self-styled godman Swami Nithyananda while hearing a petition seeking cancellation of bail granted to him.

A petition was filed in the Karnataka High Court on Friday seeking cancellation of bail granted to Nithyananda for skipping the trial and fleeing the country.

Justice John Michael Cunha, after hearing the complainant, ordered issuance of notice to the state government and Nithyananda and posted the matter for hearing next week.

The petition, filed by K Lenin, alleged that Nithyananda has been skipping trial and has fled the country on an expired passport.

The plea further said that Nithyananda was making false representations in his "exemption petitions to the trial court as if he is still in India".

Interpol has also issued a 'blue corner notice' to locate the self-styled godman, who is facing trial in a criminal case, on the request of Gujarat Police. 

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News Network
July 20,2020

Bengaluru, Jul 20: Karnataka Minister for Primary and Higher Education S Suresh Kumar today said that the results of the Secondary School Leaving Certificate (SSLC) Examinations, held amidst Corona threat, will be announced in the first week of August.

Speaking to newsmen on Monday after visiting the evaluation centres in the City, said that the work is in full swing and it was proposed to announce the results by end of first week next month.

He said that the evaluation of the answer sheets are set to take another 10-12 days. Currently, evaluations of the answer sheets are taking place at 220 centres in the State.

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