Mamata Banerjee's Trinamool Congress has replaced Saayoni Ghosh as youth wing president and Mala Roy as women's wing president, amidst a significant rebellion within the party where dissident MPs claim to have the support of 20 of the party's 28 Lok Sabha members.
Senior Trinamool Congress (TMC) MP Sudip Bandyopadhyay's meeting with Union Minister Bhupender Yadav and allegedly with Home Minister Amit Shah has ignited fresh political speculation about his potential defection and the formation of a dissident parliamentary faction, further deepening the turmoil within the Mamata Banerjee-led party.
The Nationalist Citizens Party of India (NCPI) has named Jyotiprakash Chatterji as its new president, a development that follows the merger of a Trinamool Congress (TMC) rebel Lok Sabha faction with the party. This announcement by Kakoli Ghosh Dastidar, a key figure in the dissident camp, comes amidst speculation about the party's leadership after its founder stepped down. However, details about Chatterji and the party's internal workings remain unclear, with some existing members expressing unawareness of the change.
Rebel Trinamool Congress MP Arup Chakraborty on Monday said the breakaway faction is trying to "rectify" the party, and would fight for the control of its election symbol, even as the Mamata Banerjee-led outfit termed the move illegal under the anti-defection law.
'Now if you break the party under the 10th Schedule you have to join another party.' 'You cannot join the NDA as it is not a party. You can only join another party, and that is the BJP.' 'So the question to ask is that these so-called 20 TMC Lok Sabha MPs who are parting ways with the TMC, are they ready to join the BJP and accept Narendra Modi as their leader?'
'When I asked Suvendu about the news that Didi was going to fight in his constituency, he said, 'Aami okhaney lorbo aar okhaney okey harabo (I will contest from there and defeat her there)' This was his comment while we were standing on the truck doing our roadshow.'
TMC accepts Kalyan Banerjee's resignation and appoints new leaders, signaling a crackdown on dissent within the party.
Trinamool Congress (TMC) has appointed Abhishek Banerjee as its new parliamentary leader in the Lok Sabha, replacing Sudip Bandopadhyay. The decision was made during a virtual meeting chaired by Mamata Banerjee. This move is seen as a generational shift and a preparation for the 2026 West Bengal Assembly elections.
The roadshow in Dum Dum Lok Sabha constituency was held in support of the TMC's veteran leader and candidate Saugata Roy, who is seeking a fourth consecutive term from the seat.
A Trinamool Congress delegation met the Election Commission (EC) on Friday and demanded a high-level probe into an alleged attack on West Bengal Chief Minister Mamata Banerjee in Nandigram and claimed it was not an 'unfortunate incident', but a conspiracy.
The Trinamool Congress's candidate selection for the upcoming Lok Sabha polls is expected to prioritise the nominee's winnability, public image and sitting MPs' performance, while also reflecting the internal debate on whether experienced leaders should make way for the younger generation.
Bharatiya Janata Party's West Bengal unit president Dilip Ghosh said on Sunday that his party would "restore democracy" in the state if voted to power, warning Trinamool Congress cadres to mend their ways or they will have to either visit hospital or crematorium.
Sujata Mondal Khan, wife of Bharatiya Janata Party MP Saumitra Khan, switched over to the Trinamool Congress from the saffron camp on Monday, claiming that she did not get her due recognition even after taking several risks to get her husband elected during 2019 Lok Sabha elections.
Two equity funds at the opposite ends of the risk matrix - small-cap and arbitrage - bucked the 'low inflow' trend in May this calendar year 2023 (CY23) to receive the highest net inflows in recent years. The Rs 3,280-crore net inflows into small-cap schemes in May was the highest for the category since the mutual fund (MF) industry started releasing fund-wise inflow data in April 2019. Arbitrage schemes raked in a net Rs 6,640 crore - the highest since July 2021.
The CBI has "sought permission from the Lok Sabha Speaker to prosecute Suvendu Adhikari, Saugata Roy, Prasun Banerjee and Kakali Ghosh Dastidar", who were all TMC MPs when the operation was allegedly conducted, the official explained.
If the sanction is accorded, the four leaders might be named in the charge sheet.
The plea for contempt action has been filed as there are repeated incidents of violence and false cases are being lodged against their members, advocate Amar Dave, appearing for TMC, said.
Sujata Mondal Khan, wife of Bharatiya Janata Party MP Saumitra Khan, switched over to the Trinamool Congress from the saffron camp on Monday.
The Reserve Bank of India (RBI) is precariously balancing two opposing objectives - maintaining easy financial condition in the domestic market, while ensuring external stability - and economists have started taking note. They say India is going through the classic trilemma of the 'Impossible Trinity'. The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates. What is even more complicated for the central bank now is that financial market stability overlays all the other three objectives.
The RBI is understood to be dithering since it would want more clarity on the cost of the fiscal policies the new government would undertake before it decides to cut rates, even though it has pencilled in a lower gross domestic product growth rate for this fiscal year.
In New Delhi, Trinamool Congress MPs took out a protest march towards the PM's residence but were taken into police custody en route.
The TMC team went there at the instruction of party supremo and West Bengal Chief Minister Mamata Banerjee.
Trinamool Congress MPs accused the Modi government of having imposed a "super emergency" by launching the exercise and engaging in "vendetta politics" by arresting two party lawmakers after it opposed the "draconian" move.
Twelve Trinamool Congress leaders including Mukul Roy and Madan Mitra have been booked by the Central Bureau of Investigation for alleged criminal conspiracy and corruption in the Narada sting case wherein they were purportedly filmed while taking money.
Clashes were reported from Kharagpur in West Midnapore district, Narayanpur in North 24 Parganas, and Alipurduar town in north Bengal, among others.
There is a near consensus that at least a 25 basis points cut, if not 50, can be expected in the June policy.
Ugly scenes were witnessed in the Lok Sabha on Tuesday when Bharatiya Janata Party and Trinamool Congress members came to the verge of a clash over the Railway Budget whose withdrawl was demanded by members from West Bengal.
The Modi government has handled inflation far better than any government in the past two decades. Both the stock market and currency indices have begun to show confidence in the economy, despite the mounting global headwinds of trade.
The central government's deposits with the RBI had fallen to just Rs 100 crore as of June 8.
What the reserves offer for now is improved import coverage of about 13 months, almost double the 2013 level of less than seven months. And, ammunition to arrest a rapid rupee slide, says Anup Roy.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
As the dust finally settles on the outcome of the Lok Sabha elections 2019 and Bharatiya Janata Party along with its NDA allies emerges as the clear winner, here is a list of who won in each of the 7 phases of elections.
