The BJP losing its outright majority and relying on allies to form a government could pose challenges for the more ambitious elements of reform agenda like land and labour, Fitch Ratings said in a note on Wednesday. Prime Minister Narendra Modi-led BJP lost its majority for the first time since 2014, winning 240 seats in the 543-seat Lok Sabha. It plans to form a government with smaller parties in his National Democratic Alliance, which won another 52 seats, giving the alliance a 292-seat majority. "It appears the BJP-led NDA is likely to form the next government, returning Prime Minister Modi for a third term, but with a weakened majority that could pose challenges for the more ambitious elements of the government's reform agenda," Fitch said. As the BJP fell short of an outright majority and will need to rely more heavily on its coalition partners, "passing contentious reforms could prove more difficult, particularly around land and labour, which have recently been flagged as ...
After scoring a zilch in the Lok Sabha polls, Bahujan Samaj Party president Mayawati on Wednesday said that despite the party gave it a "proper representation" in elections, the Muslim community is not able to understand the BSP. Going forward, the party will give the community an electoral opportunity only after a lot of thought, she said. The BSP had failed to open its account in the 2014 Lok Sabha elections as well. It, however, bagged 10 seats in the 2019 one, which it had fought in alliance with the Samajwadi Party. Mayawati in a statement said that her party will do a "deep analysis" of the trouncing and will take whatever steps that are necessary in the interest of the party. She expressed her gratitude to the Dalit community, especially the Jatavs, for supporting the party, but also expressed her displeasure towards the Muslims. "The Muslim community, which is an important part of the Bahujan Samaj Party, is not able to understand the BSP properly despite being given prope
India's stock market weathered its heaviest selling since the onset of the pandemic as the votes were tallied
SP chief Akhilesh Yadav on Wednesday said the success of the INDIA bloc in Uttar Pradesh is the victory of the backward classes, Dalits and minorities, and attributed it to the PDA strategy and efforts put in by the alliance. The former Uttar Pradesh chief minister, who fought the elections on the plank of PDA (Pichada, Dalit and Alpasankhyak) unity, said voters have proved that no force and deceit is more powerful than people's power. "Dear intelligent voters of Uttar Pradesh, the victory of India bloc in the state is also the victory of the Dalit-Bahujan trust which, along with backward, minority, tribal, 'half population' (women) and all neglected, exploited, oppressed, backwards among the upper castes, has fought shoulder to shoulder to save the Constitution that gives the right to equality, respect, self-respect, dignified life and reservation," he said on X. The INDIA bloc has won 43 out of 80 seats in Uttar Pradesh, with the SP securing 37 seats and Congress six. "This is th
Lok Sabha elections 2024 results: The BJP-led NDA is returning to power for a third term at the Centre as it surpassed the majority mark of 272 and won 292 seats
Lok Sabha elections 2024 result: Manohar Lal Khattar, Charanjit Singh Channi, Akhilesh Yadav, Basavaraj Bommai are some of the former chief ministers contesting the ongoing Lok Sabha elections 2024
For investors, interim volatility can be capitalized buy accumulating units of exchange traded funds tracking Nifty 50 index or Nifty50 Value 20 (NV20) index
MUMBAI (Reuters) -Foreign institutional investors (FIIs) sold a record 124.36 billion rupees (about $1.5 billion) worth of Indian shares, as NSE Nifty 50 and S&P BSE Sensex logged their worst day in more than four years, provisional data from the National Stock Exchange showed on Tuesday.
India's economic fundamentals remain robust, investment bank Nomura said on Wednesday after the results of the country's general elections paved the way for Prime Minister Narendra Modi's third consecutive term in office. Modi is poised to form the government for a third consecutive term with the BJP-led National Democratic Alliance (NDA) getting a majority in the Lok Sabha, notwithstanding crushing losses in three Hindi heartland states after a bitterly fought election that was projected as a referendum on his popularity. The Election Commission of India has declared results for all 543 Lok Sabha constituencies, with the BJP winning 240 seats and the Congress 99. "Our assessment is that India's economic fundamentals remain robust. Reforms in India have generally survived the test of politics and we expect the government to continue the pace of governance and administrative reforms, leaving states to work around the more intractable reforms around land and labour," Nomura said. Whi
The Election Commission of India has declared results for 542 of the 543 Lok Sabha constituencies, with the BJP winning 240 seats and the Congress 99. The result for the Beed constituency in Maharashtra -- where the NCP (Sharad Pawar) candidate Bajrang Manohar Sonwane is leading the BJP's Pankaja Munde -- is still awaited. While the Lok Sabha has 543 members, counting was held for 542 seats after the BJP's Surat candidate Mukesh Dalal was elected unopposed. According to the results declared early on Wednesday, Prime Minister Narendra Modi is poised to form the government for a third consecutive term with the BJP-led National Democratic Alliance (NDA) getting a majority in the Lok Sabha, notwithstanding crushing losses in three Hindi heartland states after a bitterly fought election that was projected as a referendum on his popularity. The BJP, whose candidates contested in the name of Modi, won in 240 seats, falling short of the 272 majority mark and needing the support of allies i
At least five candidates, including four from the BJP, crushed the previous record for the highest victory margin in the Lok Sabha elections, with Indore's incumbent MP Shankar Lalwani of the BJP topping the list with a winning margin of 11.72 lakh votes. The Congress' Rakibul Hussain scored the second-highest victory margin with 10.12 lakh from Dhubri in Assam. Former Madhya Pradesh chief minister Shivraj Singh Chouhan won from Vidisha by 8.21 lakh votes -- the third highest margin -- followed by the BJP's CR Patil, who recorded a margin of 7.73 lakh from Navsari in Gujarat. Union Home Minister Amit Shah won from Gandhinagar by a margin of over 7.44 lakh votes. The previous record for the highest winning margin was held by Pritam Munde, also from the BJP, who had won a bypoll in October 2014 from Beed in Maharashtra by more than 6.96 lakh votes. Patil, a three-term MP from Navsari, held the record for the second-highest margin after he won by 6.89 lakh votes in 2019. He has now
Congress' Amethi Lok Sabha candidate Kishori Lal Sharma has emerged as a giant slayer by defeating sitting BJP MP and Union Minister Smriti Irani by a margin of over 1.5 lakh votes. Interestingly, Irani was dubbed a giant slayer in 2019 after she defeated Rahul Gandhi from the seat in the last general elections. According to Election Commission data, while Sharma got 5,39,228 votes, Irani managed to get 3,72,032 votes. In West Bengal's Baharampur seat, first-time contender Yusuf Pathan of the Trinammol Congress secured a comfortable victory over Adhir Ranjan Chowdhury in the Congress veteran's Baharampur bastion. The former India cricketer beat the Congress' Leader in the 17th Lok Sabha and six-time MP by 85,022 votes. In Uttar Pradesh, Union Minister and two-time MP from Kheri, Ajay Kumar Teni, lost to Samajwadi Party's (SP) Utkarsh Verma Madhur by 34,329 votes. Another big upset in the state was the defeat of senior BJP leader and former Union minister Maneka Gandhi in the Sult
At least 15 Muslim candidates have won Lok Sabha seats across the country, including the TMC nominee and former India cricketer Yusuf Pathan who secured a comfortable victory over Adhir Ranjan Chowdhury in the Congress veteran's Baharampur bastion. A total of 78 Muslims were in the fray in the Lok Sabha elections this year, a significant drop from the last polls when 115 Muslim candidates were fielded by various parties. Congress candidate Imran Masood from Saharanpur won by a margin of 64,542 votes while Iqra Choudhary, a 29-year-old Samajwadi Party candidate from Kairana, secured victory over BJP Pradeep Kumar by 69,116 votes. Afzal Ansari, the incumbent MP from Ghazipur, won the seat by bagging 5.3 lakh votes while AIMIM chief Asaduddin Owaisi retained his Hyderabad seat by a margin of 3,38,087 votes over his nearest rival BJP's Madhavi Latha Kompella. In Ladakh, Independent candidate Mohammad Haneefa secured a victory by a margin of 27,862 votes while another Independent candid
Women candidates such as Congress' Kumari Selja, the BJP's Kangana Ranaut and Hema Malini, Samajwadi Party's Dimple Yadav and RJD's Misa Bharti won in their respective constituencies in the general elections. However, Amethi's incumbent MP Smriti Irani and Sultanpur MP Maneka Gandhi were among the parliamentarians who lost. Selja won Haryana's Sirsa Lok Sabha seat by over 2.5 lakh votes while Bansuri Swaraj, the daughter of BJP stalwart late Sushma Swaraj, bagged the New Delhi constituency by 78,370 votes. A total of 797 women contested the Lok Sabha elections this time. Actor-politician Ranaut, a BJP candidate and a first-time contender, won Himachal Pradesh's Mandi, against Congress leader Vikramaditya Singh by 74,755 votes. On the other hand veteran actor and incumbent MP from Mathura retained the seat by bagging 5.1 lakh votes. Samajwadi Party chief Akhilesh Yadav's wife and Mainpuri's incumbent MP Dimple Yadav secured a comfortable victory over her nearest rival BJP's Jayveer
BJP's poll debutant Yogendra Chandoliya trounced Congress' Udit Raj by over 2.90 lakh votes in the North West Delhi Lok Sabha seat, registering the highest victory margin among the seven winning candidates of the party in the national capital. In 2019, BJP's candidates won by margins ranging from over 2.28 lakh votes to 5.78 lakh votes. But this time, three of the candidates, including late BJP leader Sushma Swaraj's daughter Bansuri Swaraj, won by a margin of less than a lakh votes while only Chandoliya breached the two-lakh mark. Swaraj recorded the lowest victory margin among all the candidates. A first-timer, she was fielded by the BJP in place of outgoing MP and Union Minister Meenakshi Lekhi, and defeated AAP's Somnath Bharti by over 78,000 votes. Lekhi won the seat twice in a row in 2014 and 2019 by margins of 2,56,504 and 1,62,708 votes respectively. New Delhi is the smallest parliamentary constituency in the city in terms of the number of voters which is 15.25 lakh. Apa
Given Bihar CM Nitish Kumar's track record of strategic alliances during pivotal moments, his role is anticipated to be significant in this election
Lok Sabha elections results latest: In January, Prime Minister Narendra Modi inaugurated the Ram Mandir in the temple city of Ayodhya, which falls within the Faizabad Lok Sabha constituency
The Lok Sabha elections 2024 has witnessed several unexpected turns, particularly the impressive performance of INDIA in Uttar Pradesh. What contributing factors have bolstered the Opposition's perfor
Since the Bharatiya Janata Party (BJP) has not secured an outright majority, the pivotal factor for achieving a majority rests with Chandrababu Naidu and Nitish Kumar
Lok Sabha poll results: Dimple Yadav has won the SP bastion Mainpuri by a margin of over 200,000 votes, securing the legacy of her father-in-law and late SP patriarch Mulayam Singh Yadav