Modi wave shocks Congress in Jammu

December 24, 2014

Srinagar, Dec 24: The 2008 Jammu and Kashmir Assembly elections threw up a fractured mandate, resulting in a hung Assembly, with the Peoples Democratic Party (PDP) emerging as the single-largest party with 28 seats, and the Bharatiya Janata Party (BJP) delivering its best performance in the state, securing 25 of the 87 seats.

jammuNo single party was able to win enough seats to form a government on its own.

The Mufti Mohammad Sayeed-led PDP, which had 21 members in the outgoing Assembly, gained seven seats this time, while the Omar Abdullah-led National conference (NC) was the biggest loser—its tally coming down to 15 from 28 in 2008.

The Congress, the ruling NC’s coalition partner, also suffered a setback, with its tally coming down from 17 in 2008 to 12.

The BJP, powered by Prime Minister Narendra Modi's ambitious campaign, more than doubled its tally of seats, with all gains coming from the Hindu-majority Jammu region. The party, which had 11 members in the outgoing Assembly, won 25 seats this time.

The Modi wave showed its impact on the Congress' performance in Jammu, where the deputy chief minister in the outgoing government and several of his cabinet colleagues lost to lesser-known BJP candidates.

While the Congress was decimated in Jammu, it gained in the Ladakh region, winning three of the four seats. It also won a handful of the five seats in the Kashmir Valley.

However, the Modi magic didn't appeal to voters in the 46 seats of the Muslim-majority Kashmir region and four seats in the Buddhist-dominated Ladakh region, where he had promised to usher in a new era of development if the BJP came to power. The party drew blank at both the places.  The BJP had fielded 33 candidates in Kashmir, all of whom lost, and couldn’t even finish runner-up anywhere.

The biggest losses for the NC came in Srinagar city, where it lost five out of eight seats. The party had picked up all the seats in Srinagar in 2008. Outgoing chief minister Omar Abdullah, who ditched his traditional family bastion Ganderbal and contested from two other constituencies, was crushed in Sonawar (Srinagar) by the PDP’s Mohammad Ashraf Mir, and managed to win Beerwah (Budgam) by just a few hundred votes.  The PDP’s chief ministerial candidate, Mufti Mohammad Sayeed, retained the Anantnag constituency.

What they said then...

The National Conference will be a serious player in whatever unveils in Jammu&Kashmir in the next few days.
Omar Abdullah
NC president and
outgoing CM

The option of forming the government, the option of supporting a government and the option of participating in a government are all open.
Amit Shah         BJP president

In 2016, it will be Bhag Mamata Bhag (run).
Siddharth nath singh
BJP national secretary

One thing is clears that we will not go with BJP. As far as they (PDP and NC) are concerned, we have had alliances with them.
Ghulam nabi azad
Congress leader

In Jammu and Kashmir we have done reasonably well, though we have lost two-three seats from what we got in last elections. But that is an expected after such a massive drubbing in Lok Sabha polls.
Ajoy Kumar
Congress spokesperson

I honestly am very rebellious by nature. I would love to sit in opposition and be very constructive opposition.
Sajjad lone
Peoples’ Conference chief

In 2002, we had 16 seats. There was credibility crisis and people voted against National Conference. Today also, people voted against NC?and Congress.
Mehbooba Mufti    PDP chief

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News Network
March 25,2020

New Delhi, Mar 25: The government is likely to agree an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told news agency.
The government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi's office, the finance ministry, and Reserve Bank of India (RBI), said both the sources, who asked not to be named as the matter was still under discussion.

One of the sources, a senior government official, said the stimulus plan could be as large as Rs 2.3 lakh crore, but final numbers were still in discussion.

The package could be announced by the end of the week, both sources added.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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News Network
April 3,2020

New Delhi, April 3: With 478 cases reported in the last 24 hours, the highest spike so far, India's tally of positive coronavirus cases on Friday rose to 2,547 including 162 cured/discharged and 62 deaths, as per the latest data of the Ministry of Health and Family Welfare.

As many as 647 positive coronavirus cases have been reported so far from across 14 States whose linkage can be traced to the Tablighi Jamaat cluster at Nizamuddin, the Centre said on Friday.

"A total of 647 cases of positive coronavirus cases have been reported from across 14 States whose linkage can be traced to the Tablighi Jamaat cluster at Nizamuddin," Lav Aggarwal, Joint Secretary, Ministry of Health and Family Welfare said.

"The cases can be traced in Andaman and Nicobar, Assam, Delhi, Himachal, Haryana, Jammu and Kashmir, Jharkhand, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, Telangana, Uttarakhand and Uttar Pradesh," added Aggarwal.

The Tablighi Jamaat event in Delhi has emerged as a hotspot for COVID-19 after several positive cases from across India were linked to the gathering including deaths in Maharashtra, Karnataka, and Telangana.

An FIR was earlier registered against Tablighi Jamaat head Maulana Saad and others under the Epidemic Disease Act 1897, in the national capital.

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