States are on track of fiscal consolidation with their total borrowings reaching Rs 5 trillion till October, which is 60 per cent of the projected borrowings of Rs 8.38 trillion till December 2024, according to data from official sources. Government officials said the lower-than-projected borrowings by states were a sign of prudent fiscal management by them. States announce their borrowing plans every quarter.
'The estimated expenditure is expected to be more than double the Rs 60,000 crore spent in 2019'
Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4.
We the people are left in the wind, waiting on the whims of an unengaged president and an oligarch with a nearly bottomless wallet, observes Sree Sreenivasan.
The leaders will also raise the issue of alleged "use of religious symbols" by the Bharatiya Janata Party in their campaign, they said.
Aam Aadmi Party supremo Arvind Kejriwal on Sunday challenged Prime Minister Narendra Modi to provide free electricity in the National Democratic Alliance-ruled states before the Delhi assembly elections, promising to campaign for the saffron party if he fulfills this demand.
An analysis of the affidavits of all the 90 winning candidates by the Association for Democratic Reforms and Haryana Election Watch show a slight rise in the number of crorepati MLAs, from 93 percent in 2019 to 96 percent this time.
The private sector's new project announcements in the quarter ending March were among the highest on record. The value of new private sector project announcements for the three months ending March 2024 was Rs 9.8 trillion, shows data from tracker Centre for Monitoring Indian Economy (CMIE). This is the second-highest on record in data going back to 2009.
Polling for the sixth phase of the Lok Sabha elections will take place on Saturday, May 25, 2024, with 58 seats seats going to the polls across 8 states.
Polling for the seventh phase of the Lok Sabha elections will take place on Saturday, June 1, 2024, with 57 seats going to the polls across 8 states.
Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market. The outflow came following a nine-month high investment of Rs 57,724 crore in September. Since June, Foreign Portfolio Investors (FPIs) have consistently bought equities, after withdrawing Rs 34,252 crore in April-May.
It was a protest which held a mirror to the government of a state taking pride in its commitment to democracy, gender equality and social indices.One person, who in his employed days had known governments and political parties at close quarters, told me that public perception of how the Kerala government handled the ASHA workers' strike had been terrible, reports Shyam G Menon.
He has been sent to the ED custody till April 18 by the court, they said.
'If we get 399 seats and you say we have not crossed 400, then it is your wisdom. But the '400 paar' slogan is based on calculation and considered opinion'
This is for the first time the EC has officially come out with a statement on allegations of delay in sharing turnout data.
The Congress has said the assembly polls results were "unexpected" and have alleged discrepancies in the EVMs in some seats.
Meta is working closely with the Election Commission. This enables the Commission to flag unlawful content.
The next government in these states may find it tough to push economic growth through long-term reforms, which would be necessary.
In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.
Polling for the fifth phase of the seven-phase Lok Sabha elections will take place on May 20, 2024, with 49 seats going to the polls across 8 states.
The Bharatiya Janata Party, which pulled off a hat-trick of wins in Haryana by bucking anti-incumbency, managed to make significant inroads into the Dalit seats and Jat strongholds.
In what could come as a piece of good news, hunger in India - as measured by the Prevalence of Undernourishment (PoU) by the United Nation's Food and Agriculture Organisation (FAO) - has come down from 16.6 per cent of the population in the 2020-2022 to 13.7 per cent in 2021-23, the latest report on the State of Food Security and Nutrition in the World (SOFI 2024) showed. This means that around 39.3 million people have come out of undernourishment between the two periods, NITI Aayog member Ramesh Chand said on Tuesday.
The Indian rupee is likely to depreciate further against the US dollar through the end of 2024. This is due to the continued strengthening of the greenback, combined with the weakening of the Chinese yuan, which is expected to keep pressure on the Indian currency.
Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in more than five months and offering relief after weeks of correction.
The situation raises concerns about whether the promised freebies will once again push the state into a revenue deficit.
Several pollsters have predicted that the Congress may have an edge in Karnataka, which is BJP's southern citadel, in a hung assembly with a couple of them even projecting that the grand old party may get a majority on its own.
Polling for the fourth phase of the seven-phase Lok Sabha elections will take place on Monday, May 13, 2024, with 96 seats going to the polls across 10 states.
In Maharashtra's 288-member assembly, the share of legislators with college degrees increased over the past decade.
There is a definite attempt to put the landslides on the backburner because news of them and climate change worry Wayanad's tourism and real estate businesses greatly. Whatever I experienced of Wayanad's 2024 by-elections; the July landslides were not a burning issue, observes Shyam G Menon.
Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth Rs 21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of Rs 32,365 crore in July and Rs 26,565 crore in June, data with the depositories showed.
The Bharatiya Janata Party on Tuesday clinched a stunning hat-trick win in Haryana overcoming anti-incumbency and dashing Congress' hopes of a comeback while the National Conference-Congress combine pulled off a spectacular victory in maiden elections in Jammu and Kashmir after abrogation of Article 370 in 2019.
'The Opposition will continue to be attacked through misuse of agencies, civil society will be force-marched towards extinction and India's plummeting on global indices will continue.' 'Minorities and especially Muslims will continue to have open season declared on them. Institutions will continue their decline,' predicts Aakar Patel.
Election Commission data shows 15.88 crore (158.8 million) voters are eligible to exercise their franchise in the second phase on Friday.
Dalal Street had a roller coaster ride in 2024 from shattering record after record to facing heavy correction off-late but equity markets still rewarded investors with positive returns, driven by a surge in domestic fund flows and a resilient macro landscape. The first half of the year saw robust corporate earnings, a surge in domestic flows, and a resilient macro landscape, driving the Nifty to an all-time high of 26,277.35 in September 2024, according to Motilal Oswal Wealth Management.
The Election Commission on Friday directed officials for a review of the deletions and additions in the electoral rolls of three assembly seats in Karnataka and ordered the suspension of two additional district election officials after allegations of 'electoral fraud' in the state.
Polling for the seventh and the final phase of the Lok Sabha election will be held on Saturday, June 1, 2024.
Larsen & Toubro, Axis Bank, Reliance Industries, UltraTech Cement, Mahindra & Mahindra, IndusInd Bank, ICICI Bank and Tata Steel were the other big gainers. Sun Pharma, HCL Technologies, Asian Paints, Nestle and Infosys were the laggards.
Polling for the third phase of the Lok Sabha elections for 94 seats will take place today, covering 11 States and Union Territory.
The portion of 'none of the above' option or NOTA dropped from 1.08% in 2014 to 1.06% in 2019.
The portion of 'none of the above' option or NOTA dropped from 1.08% in 2014 to 1.06% in 2019.
