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It is a momentous day for the country as we finally enter the vote-counting phase of the <keyword id="20181062" type="General" weightage="20" keywordseo="2024-Lok-Sabha-election" source="keywords">2024 Lok Sabha election</keyword> process on June 4. The 80-day, seven-phase-long process has been marred with a wide range of issues ranging from weather turmoil to vote tampering and reelections. As the final leg of counting concludes in a few hours, here’s what the vote tallying process looks like, and what is likely to happen after after the final results are announced. <cmsannotation type="cmsannotation" annotationid="Vote counting" comment="subhead" text="Vote counting"><keyword id="389062" type="General" weightage="100" keywordseo="vote-counting" source="Orion">Vote counting</keyword></cmsannotation> While the election process takes place in several stages, the vote tallying process is carried out simultaneously in all of the country’s 543 constituencies, with typically one counting centre in each. The tallying is done by a ‘Returning Officer’ and their assistants — officials appointed by the <keyword id="19895876" type="General" weightage="20" keywordseo="Election-Commission-of-India" source="keywords">Election Commission of India</keyword> — in several rounds, or ‘leads’. This year, the counting process began at 8 AM IST on June 4, and is expected to carry on till beyond the afternoon. It will start with the tallying of postal ballots — ballot papers distributed to some categories of people — followed by the <keyword id="21930663" type="General" weightage="20" keywordseo="EVM-count" source="keywords">EVM count</keyword>. Periodically, the results of the ongoing count are announced to the media and then televised, helping the nation learn of the current political trend. <cmsannotation type="cmsannotation" annotationid="The counting process for the Lok Sabha Election" comment="subhead" text="The counting process for the Lok Sabha Election">The counting process for the Lok Sabha Election</cmsannotation> Under Rule 54 A of the Conduct of Elections Rules 1961, the process for counting votes starts with postal ballots at the Returning Officer's (RO) table. Thirty minutes into postal ballot counting, Electronic Voting Machine (EVM) votes can be counted, or immediately if no postal ballots are present. Counting officials must ensure that the EVM's Control Unit (CU) seal is intact and that the total votes match Form 17C before counting. Results from the CU are recorded in Part-II of Form 17C, and verified by the counting supervisor, micro observer, and candidate agents. If the CU's display fails, <keyword id="20991106" type="General" weightage="20" keywordseo="VVPAT-slips" source="keywords">VVPAT slips</keyword> are counted post-CU counting. Results for each CU are documented and signed in Form 17C, which is then sent for compiling the final result in Form 20. VVPAT slip counting starts after CU votes are counted, with mandatory verification of VVPAT slips from five random polling stations per constituency. If the victory margin is less than the rejected postal ballots, those ballots are re-verified before declaring the result. In case of a tie, the winner is determined by a draw of lots. <cmsannotation type="cmsannotation" annotationid="Results are announced" comment="subhead" text="Results are announced">Results are announced</cmsannotation> The outcome for each constituency is announced as soon as counting concludes. As per <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">India</keyword>’s counting system, the candidate with the highest number of votes will win for a particular constituency, regardless of whether they are able to manage a majority. These results are generally televised throughout the day. After the <keyword id="19895782" type="General" weightage="20" keywordseo="election-commission" source="keywords">Election Commission</keyword> of India (ECI) has tallied all 64 crore votes that were cast this year, the constitutional body will announce the results for all 543 seats. Subsequently, if the winning party of the alliance has secured at least 272 seats, the institution’s president will call upon the leader of the winning party to form a government for the next five-year term. If no group is able to achieve a clear majority, political parties may form coalitions to reach the 272 magic number. If all negotiations fail and a “minority government” cannot be formed by the largest party, the President of India may dissolve the Lok Sabha (lower house of Parliament) and announce fresh elections. The next Lok Sabha must be announced before the current term ends on June 16. Most exit polls have indicated another landslide victory for the Bharatiya Janata Party-led National Democratic Alliance, with a third term for Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword>. However, early trends suggest that the Congress-led INDIA bloc is performing far better than expected. Results are expected to be clearer by the afternoon.

What will happen after the election commission finishes counting all Lok Sabha votes?

The votes are in, the election commission is armed, and tallies are finally being made. As lakhs of viewers tune into their news to update themselves, many are coming away shocked at the current standings. Despite confident promises of capturing 400 of the 543 Indian seats, the Bharatiya Janata Party (<keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords">BJP</keyword>) has barely won a dozen or two seats more than the halfway mark of 272, as per the initial few rounds of counting. This is still an impressive position to be in, and certainly enough to help the BJP-led <keyword id="105903" type="General" weightage="20" keywordseo="national-democratic-alliance" source="Orion">National Democratic Alliance</keyword> (<keyword id="19938590" type="General" weightage="20" keywordseo="NDA" source="keywords">NDA</keyword>) make another term. However, the overwhelming, yet lukewarm, support has inadvertently deflated the ‘Abki baar 400 paar’ chant echoed by the party throughout its campaigning. Further, this comes mere days after Uttar Pradesh Chief Minister Yogi Adityanath called the slogan the ‘common man’s mantra’. <cmsannotation type="cmsannotation" annotationid="Exit polls gone wrong" comment="subhead" text="Exit polls gone wrong"><keyword id="21129157" type="General" weightage="20" keywordseo="exit-polls" source="keywords">Exit polls</keyword> gone wrong</cmsannotation> Party conjecture aside, most exit polls had also predicted a landslide victory for the NDA, with some even predicting the party crossing the 400 marks, helping the alliance comfortably bring in a third term for current Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword>. However, Congress leaders staunchly dismissed these findings, asserting that the <keyword id="3658" type="General" weightage="20" keywordseo="india" source="Orion">INDIA</keyword> alliance will achieve at least over 250 seats this election. While exit polls have exercised a notoriously patchy reputation for delivering inaccurate findings in the past, the surveys might have gotten it wrong far more than usual this time around. For instance, the BJP has been predicted to win 400 seats by News 24-Today’s Chanakya poll, 358 as per Times Now-ETG, 392 per India V-CNX. <table class="redcator-table-advance" style="border-width: initial; border-style: none; background-color: rgb(255, 255, 255); font-size: 16px; line-height: 1.6em; box-shadow: none; width: 955.049px; font-family: Merriweather; padding-bottom: 10px !important; background-image: inherit !important; background-position: inherit !important; background-size: inherit !important; background-repeat: inherit !important; background-attachment: inherit !important; background-origin: inherit !important; background-clip: inherit !important;"><tbody><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;"> </td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">NDA</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">INDIA</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">Others</td></tr><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">Times Now - ETG </td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">358</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">152</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">33</td></tr><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">Matrize - Republic</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">361</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">126</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">56</td></tr><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">Jan Ki Baat - NDTV </td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">377</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">151</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">15</td></tr><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">PMARQ - Republic</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">359</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">154</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">30</td></tr><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">India News - D-Dynamics</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">371</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">125</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">47</td></tr><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">Today's Chanakya - News24</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">400</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">107</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">36</td></tr><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">India TV</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">386</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">124</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">33</td></tr><tr><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">Poll of polls</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">369</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">143</td><td style="padding: 5px; border-width: 1px; border-style: solid; border-color: rgb(221, 221, 221); font-size: 16px; vertical-align: top;">31</td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> However, the Modi-led alliance has yet to cross the 300 mark. If this trend holds, a majority government will form with BJP-led NDA acquiring slightly below 300 seats, almost mirroring exact forecasts by on-ground reporters and some political experts. However, this is quite in contrast with almost all exit polls this election season. If the scorecard settles at the current mark, this will end up becoming the poorest performance for NDA since their historic win in 2014. The alliance came to power after winning an overwhelming 336 seats in 2014, and 353 seats in 2019. However, the main point of shock has come from the performance of Congress and the INDIA bloc, who have maintained a steadfast 200+ seats since the initial polling rounds. Out of the nine odd exit polls that came out with results recently, none had predicted the INDIA bloc to win over 150-170 seats. As the tallying moves into its final phases, let’s look at how exit polls performed in the previous election cycles. <cmsannotation type="cmsannotation" annotationid="2014 elections" comment="subhead" text="2014 elections">2014 elections</cmsannotation> In 2014, 834 million voters participated in the largest-ever elections worldwide — only to be surpassed by the 2019 <keyword id="19895394" type="General" weightage="100" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> elections. An average of eight exit polls had indicated that the BJP would see a 283-seat victory, while the opposition would have had to settle for 105 seats. Just as predicted, the BJP saw a landslide victory and swooped in 282 of the 543 seats, with a vote percentage of 31.3%. This win was a huge blow to the INC, which only won 44 seats compared to the 206 in 2009. Since a party must win at least 55 seats to become an official opposition party in India, the Congress’s defeat meant that there was no official opposition party for India. <cmsannotation type="cmsannotation" annotationid="2019 elections" comment="subhead" text="2019 elections">2019 elections</cmsannotation> The previous Lok Sabha elections turned out to be an even bigger win for the BJP! In 2019, exit polls had predicted that the BJP-led National Democratic Alliance would peak at 306 and that the INC-led United Progressive Alliance (UPA) would win just 120. However, the post-poll statistics turned out to be underwhelming. The BJP won a whopping 37.36% of the vote — the highest by a political party since the 1989 general elections. It won 303 seats, while the NDA collectively won 352 seats. It was another crushing defeat for the Congress, which won just 52 seats, failing to claim the post of Leader of the Opposition once again.

Trends indicate INDIA maintaining 200+ seats, defying all exit poll predictions; how accurate have these surveys been since 2014?

The Congress on Wednesday said the <keyword id="19900449" type="General" weightage="20" keywordseo="government" source="keywords">government</keyword>'s proposal of giving individuals the option to choose between two tax rates for long-term capital gains (<keyword id="6357448" type="General" weightage="20" keywordseo="LTCG" source="Orion">LTCG</keyword>) tax on properties is not enough. It should also allow <keyword id="21006654" type="General" weightage="100" keywordseo="indexation-benefits" source="keywords">indexation benefits</keyword> for other forms of <keyword id="20044873" type="General" weightage="20" keywordseo="savings" source="keywords">savings</keyword> such as <keyword id="19905382" type="General" weightage="20" keywordseo="stocks" source="keywords">stocks</keyword> and <keyword id="19975805" type="General" weightage="20" keywordseo="fixed-deposits" source="keywords">fixed deposits</keyword>. Professionals' Congress Chairman Praveen Chakravarty accused the government of "betraying" the middle and salaried class in the Union Budget through the removal of indexation and higher taxes on their savings and <keyword id="22703183" type="General" weightage="20" keywordseo="investment-gains" source="keywords">investment gains</keyword>. "On 23rd July, Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="keywords">Nirmala Sitharaman</keyword> presented the government's budget in Parliament. We welcomed certain aspects but we strongly opposed many parts of the budget. We welcomed the fact that the FM took some ideas from the Congress party's manifesto such as the employment linked incentive (ELI) scheme, the Apprenticeship Act and removing Angel tax," Chakravarty said at a press conference at the AICC headquarters here. Among other things, we strongly opposed what the finance did to the middle class and salaried professionals, he said. Leader of the Opposition Rahul Gandhi in his response to the Budget in Parliament categorically said that this was a "betrayal of the middle class" through removal of indexation and higher taxes on their savings and investment gains, Chakravarty pointed out. "He (Gandhi) had promised to fight for the middle class on this issue. This issue affected nearly 7 crore Indians who filed income taxes, owned or aspire to own a home and invest their savings. In this budget, effectively, through removal of indexation and increase in capital gains taxes, the taxes of salaried professionals through investment gains went up dramatically," he said. Already, the middle class and the salaried professionals are bearing the brunt of taxation under the Modi government because for the first time in India, total income taxes paid by middle class individuals are higher than taxes paid by rich corporates, Chakravarty said. There were huge protests on social media and in business events in cities like Mumbai where professionals came out spontaneously to protest, he said. Chakravarty said the <keyword id="22703184" type="General" weightage="20" keywordseo="All-India-Professionals-Congress" source="keywords" meta.keywordsubtype="org" meta.entityname="All India Professionals' Congress" meta.hostid="261" meta.entityid="All India Professionals' Congress">All India Professionals' Congress</keyword> and the Congress Party launched a campaign to 'Bring Back Indexation' with a petition asking people to sign it. "We had nearly 12,000 people who signed the petition in just one day since its launch. Yesterday, the government of India announced a rollback of indexation of property gains by giving individuals the option to continue with indexation benefits. We welcome this. This is a victory to the 7 crore people that file income tax," he said. "But this is not enough. We urge the government to allow indexation benefits for other forms of savings too such as stocks, debt, fixed deposits and so on," Chakravarty asserted. More importantly, this is a testament to middle class power and the power of democracy, he said. "When professionals come together and raise their voice, it will be heard. This is also proof of what a strong Opposition and a concerted and united effort can achieve for the people of India. The AIPC will continue to raise issues that impact the middle class working professionals," Chakravarty said. His remarks come a day after the government proposed significant relief for individuals who bought houses before July 23, 2024, by giving them the option to choose between two tax rates for long-term capital gains (LTCG) tax. The Budget 2024-25 had proposed to lower the LTCG from 20% to 12.5% but removed the indexation benefits. The new rates have come into effect from July 23, 2024. The indexation benefit allowed the taxpayers to compute gains arising out of the sale of capital assets after adjusting for inflation. The tax experts had said that the proposed changes in the Budget would raise the LTCG tax burden. As per the amendments to Finance Bill, 2024, circulated to the Lok Sabha members on Tuesday, individuals or HuF who bought houses before July 23, 2024, can compute his/her taxes under the new scheme (@12.5% without indexation) and old scheme (@20% with indexation) and pay such tax which is lower of the two. After the Budget presentation, the Income Tax department said that 'substantial tax savings' are expected for a vast majority of taxpayers due to a reduction in the long-term capital gains tax (LTCG) rate in the real estate sector. As per the changes brought in the 2024-25 Budget, the government has retained the indexation benefit for the taxpayers on properties bought or inherited before 2001.

Allow indexation benefits for savings such as stocks, fixed deposits: Cong to govt

The Budget 2024-2025 announcement by Union Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> saw productivity and resilience in <keyword id="19931887" type="General" weightage="20" keywordseo="agriculture" source="keywords">agriculture</keyword> being prioritised above all else. With a desire to turn focus on <keyword id="19934969" type="General" weightage="20" keywordseo="farmers" source="keywords">farmers</keyword>, or Annadatas, ₹1.52 lakh crore has been allocated for agriculture and its allied sectors. This is quite an increase from the Interim Budget announcement of ₹1.27 lakh crore in February 2024. It is being speculated that this substantial focus on the agricultural sector stems from the BJP's vote share dipping in semi-urban and rural areas during the recent Lok Sabha elections. In fact, when Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> returned for a third term in office, the first file he signed was for the release of the 17th instalment of the PM <keyword id="22000840" type="General" weightage="20" keywordseo="kisan-nidhi" source="keywords">Kisan Nidhi</keyword> scheme, ET reported. However, the government's commitment to transforming agriculture and potentially the lives of Indian farmers could lead to the agricultural sector growing at 3.7% in the current fiscal, compared to 1.4% last year, as per the CII. <h2>Key initiatives in agriculture</h2>Transforming Agriculture Research The government is set to conduct a comprehensive review of the agricultural research framework, with an emphasis on enhancing productivity and developing climate-resilient crop varieties. Funding will be allocated on a challenge basis, including to private sector initiatives. This research will be overseen by domain experts from both governmental and non-governmental organizations. Release of New Varieties A total of 109 new high-yielding and climate-resilient varieties of 32 field and horticulture crops will be introduced for farmers to cultivate. Promoting Natural Farming In the next two years, the government plans to transition one crore farmers to natural farming practices, supported by certification and branding efforts. This initiative will be carried out through scientific institutions and willing <keyword id="20030597" type="General" weightage="20" keywordseo="gram-panchayats" source="keywords">gram panchayats</keyword>, with 10,000 bio-input resource centers to be established based on need. Missions for Pulses and Oilseeds To achieve self-sufficiency in pulses and oilseeds, the government will strengthen their production, storage, and marketing. As outlined in the interim budget, a strategy is being implemented to attain 'atmanirbharta' (self-reliance) for oilseeds like mustard, groundnut, sesame, soybean, and sunflower. <div type="Article" hostid="261" msid="111930255" title="Economic Survey calls for urgent agricultural reforms; cites growth hurdles" mstype="2" mssubtype="0"></div>Vegetable Production &amp; Supply Chains Large-scale clusters for vegetable production will be developed near major consumption centers. The government will support Farmer-Producer Organizations, cooperatives, and startups to streamline the vegetable supply chain, including collection, storage, and marketing. Digital Public Infrastructure for Agriculture Building on the success of a pilot project, the government, in partnership with states, will facilitate the implementation of Digital Public Infrastructure (DPI) for agriculture over the next three years. This year, a digital crop survey for Kharif crops will be conducted in 400 districts, integrating details of six crore farmers and their lands into registries. Additionally, Jan Samarth-based Kisan Credit Cards will be issued in five states. Shrimp Production &amp; Export Financial support will be provided to establish a network of Nucleus Breeding Centres for shrimp broodstocks. NABARD will facilitate financing for shrimp farming, processing, and export. National Cooperation Policy A new National Cooperation Policy will be introduced to promote systematic and comprehensive development of the cooperative sector. This policy aims to fast-track rural economic growth and create large-scale employment opportunities. <h2>Budget allocation highlights</h2><ul><li>PM-Kisan Samman Nidhi: Will be retaining its allocation of ₹60,000 crore to provide direct financial assistance to 11.8 crore small and marginal farmers.</li><li>Pradhan Mantri Fasal Bima Yojana: Allocated funds to provide crop insurance to four crore farmers, protecting them from adverse weather conditions.</li><li>e-NAM Expansion: Integration of 1,361 mandis into the e-NAM platform to enhance market efficiency and transparency, benefiting 1.8 crore farmers with an expected trading volume of ₹3 lakh crore.</li></ul><h2>Government committed to Polavaram irrigation project in Andhra Pradesh</h2>The Finance Minister said that the government is fully committed to financing and expeditiously completing the Polavaram irrigation project, which is considered a lifeline for Andhra Pradesh and its farmers. <h2>Future directions</h2>The government aims to increase public and private investment in post-harvest infrastructure and supply chains, promoting aggregation, modern storage, and efficient processing to reduce losses and improve food security. Additionally, the dairy and fisheries sectors will see significant development, with initiatives to boost productivity and exports, contributing to a sustainable and prosperous agricultural ecosystem. <div type="Article" hostid="261" msid="111951205" title="Budget 2024-25: Changes to tax slabs, increased standard deduction and other changes to direct taxation" mstype="2" mssubtype="0"></div>

What does Union Budget 2024-2025 have in store for farmers and the agricultural sector?

A staggering 93 per cent of the candidates who won the 2024 <keyword id="56978" type="General" weightage="20" keywordseo="Lok-Sabha-elections" source="Orion">Lok Sabha elections</keyword> are <keyword id="6366800" type="General" weightage="100" keywordseo="crorepatis" source="Orion">crorepatis</keyword>, up from 88 per cent in 2019, according to an analysis by poll rights body <keyword id="484381" type="General" weightage="20" keywordseo="Association-of-Democratic-Reforms" source="Orion">Association of Democratic Reforms</keyword> (<keyword id="45376" type="General" weightage="20" keywordseo="ADR" source="Orion">ADR</keyword>). The top three wealthiest candidates are TDP's Chandra Sekhar Pemmasani from Andhra Pradesh's Guntur constituency with assets worth Rs 5,705 crore, BJP's Konda Vishweshwar Reddy from Telangana's Chevella with total assets amounting to Rs 4,568 crore and BJP's Naveen Jindal from Haryana's Kurukshetra with assets worth Rs 1,241 crore. Out of the 543 winning candidates, 504 are crorepatis, the analysis found. In 2019, 475 (88 per cent) winning candidates were crorepatis and 443 (82 per cent) in 2014. The trend indicates a steady climb since 2009 when only 315 (58 per cent) MPs were crorepatis. According to the analysis, 227 (95 per cent) of the BJP's 240 winning candidates, 92 (93 per cent) of the Congress' 99, 21 (95 per cent) of the DMK's 22, 27 (93 per cent) of the TMC's 29 and 34 (92 per cent) of the Samajwadi Party's 37 candidates have declared assets worth more than Rs 1 crore. All winning candidates of the AAP (3), the JDU (12) and the TDP (16) are crorepatis, ADR data showed. The analysis also delves into candidates' chances of winning based on their financial backgrounds. It found that the probability of a crorepati candidate clinching victory in the 2024 Lok Sabha elections stood at 19.6 per cent, compared to a meagre 0.7 per cent for candidates with assets less than a crore. The analysis also provides a breakdown of wealth distribution among the winning candidates. The data showed that 42 per cent of the candidates possess assets totalling Rs 10 crore and above. While 19 per cent of the candidates fall within the bracket of Rs 5 to 10 crore, 32 per cent hold assets ranging between Rs 1 and 5 crore. Only about 1 per cent of the winning candidates have assets worth less than Rs 20 lakh. Among major parties, the average assets per winning candidate vary significantly. The TDP leads with an average of Rs 442.26 crore per winner, followed by the BJP with Rs 50.04 crore, the DMK with Rs 31.22 crore, the Congress with Rs 22.93 crore, TMC with Rs 17.98 crore and SP with Rs 15.24 crore. The analysis also highlights disparities within the financial profiles of winning candidates. While some boast of substantial assets, others have relatively low worth. For instance, BJP's Jyotirmay Singh Mahato from West Bengal's Purulia has declared assets totalling a mere Rs 5 lakh. Similarly, TMC's Mitali Bag from West Bengal's Arambag holds assets worth Rs 7 lakh. Assets of SP's Priya Saroj from Uttar Pradesh's Machhlishahr are valued at Rs 11 lakh. In addition, the analysis identifies candidates with high liabilities. TDP's Pemmasani tops the list with liabilities exceeding Rs 1,038 crore. DMK's S Jagathratchakan from Tamil Nadu's Arakkonam has liabilities worth Rs 649 crore and TDP's Prabhakar Reddy Vemireddy from Andhra Pradesh's Nellore has liabilities worth Rs 197 crore.

93% of Lok Sabha 2024 poll winners are crorepatis: ADR analysis

In response to higher-than-expected tax revenue and a record surplus transfer from the Reserve Bank of India (RBI), the Indian government is considering an 8-10% increase in <keyword id="20018917" type="General" weightage="20" keywordseo="capital-expenditure" source="keywords">capital expenditure</keyword> (capex) for the fiscal year 2025, according to Pantomath Group's quarterly report, "Market Kaleidoscope: Quarterly Market Insights." This adjustment could raise the capex from the previously allocated Rs 11.11 lakh crore, aiming to bolster infrastructure and economic growth. This fiscal boost comes as India reaches a historic financial milestone. The total market capitalization of all stocks listed on the Bombay Stock Exchange (<keyword id="19895774" type="General" weightage="20" keywordseo="BSE" source="keywords">BSE</keyword>) briefly surpassed $5 trillion for the first time, placing India among global giants such as the US, China, Japan, and Hong Kong. India's primary market is set for a dynamic period, with 55 companies planning to raise over Rs 68,000 crore through Initial Public Offerings (IPOs). The first half of FY2025 has already seen 35 mainboard IPOs, collectively raising around Rs 32,000 crore with an average subscription rate of 61 times. The Indian market maintained a positive outlook in the first quarter of FY2025, driven by strong Q4FY24 earnings, favorable economic data, and positive global cues. Despite early June volatility following the 2024 <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> election results, market sentiment improved with the BJP securing 272 seats and a total of 292 seats for the NDA with allied support. This political stability under Prime Minister Narendra Modi's leadership is expected to promote long-term economic growth, with a focus on infrastructure, electric mobility, startup support, power distribution, digital privacy, and healthcare initiatives. Corporate India's performance in the March quarter of FY2024 met expectations, showing double-digit growth in net profit and single-digit revenue increases. Non-lending companies experienced moderate operating margin expansion due to favorable commodity prices and cost controls. The peaking interest rates and continuity of <keyword id="19978691" type="General" weightage="20" keywordseo="government-policies" source="keywords">government policies</keyword> are anticipated to support healthy corporate growth in FY2025. <h2>Growth to continue</h2>The government's push for increased <keyword id="20068449" type="General" weightage="20" keywordseo="ethanol-production" source="keywords">ethanol production</keyword> targets a 20% blending by 2026, benefiting ethanol-heavy sugar companies and promoting biofuel goals. The real estate market is projected to grow significantly, requiring Rs 14 lakh crore in debt financing from 2024 to 2026. This growth will positively impact the banking and financial sectors. Major telecom operators have raised tariffs post-election, potentially improving sector financials and paving the way for sector re-rating. Major cement players are expanding through acquisitions, with an expected 6-7% compounded growth and market dominance by the top five players by March 2025. FMCG Companies expect recovery in rural business due to factors like a normal monsoon, robust crop yields, and government measures, maintaining robust rural demand. The potential roll-out of the FAME 3 Scheme to support <keyword id="19963112" type="General" weightage="20" keywordseo="electric-vehicle-sales" source="keywords">electric vehicle sales</keyword> is anticipated, with a budgetary allocation of around Rs 10,000 crore. Sectors such as auto, cement, defence, railways, consumer durables, energy, and banking are expected to outperform. Lagging sectors like IT and specialty chemicals offer value-buying opportunities at lower levels. The structural bull market for Indian equity is supported by strong domestic fundamentals and government reforms, with a positive medium- to long-term market outlook. Globally, the US market showed resilience, except for the Dow Jones. The Federal Reserve maintained interest rates at 5.25-5.50%, awaiting inflation to move towards the 2% target before considering rate cuts. The US GDP grew at 1.4% annually in Q1 2024, with mixed economic indicators highlighting both strengths and challenges. The Indian <keyword id="19926041" type="General" weightage="20" keywordseo="IPO-market" source="keywords">IPO market</keyword> has seen significant growth, with a surge in companies seeking to list shares and a rise in capital raised. The first half of 2025 saw strong retail investor participation, reflecting confidence in India's growth prospects. Mahavir Lunawat, Managing Director, Pantomath Capital Advisors Private Limited, said, "Favourable market conditions, high liquidity, a conducive growth environment with stable interest rates, and benign inflation have facilitated a boom in the IPO market. The IPO market will experience a stronger pull post-budget. India is set to become the new equity funding frontier for global corporations." He further added. "We are on the brink of sustained, long-term momentum in the IPO market, with this year potentially becoming the best for IPOs. India's solid macroeconomic environment and promising growth prospects create an ideal backdrop for this vibrant IPO market. Additionally, there is robust participation from both domestic institutional investors and retail investors." With the Indian government's potential capex increase and the robust primary market activity, the <keyword id="19948184" type="General" weightage="100" keywordseo="Indian-economy" source="keywords">Indian economy</keyword> is poised for sustained growth. The upcoming period is expected to see heightened market activity, further IPOs, and economic stability, creating a conducive environment for investment and development.

India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report

Laapata Ladies, Bridgerton and Heeramandi might have dominated the OTT cycle last month, but none of these dramas can hold a candle to the absolute thriller that unfolded during the Lok Sabha election cycle this year. While the parties scramble to decide their allegiances, most people are already convinced about a result familiar to the previous two general elections: <keyword id="20509939" type="General" weightage="20" keywordseo="Modi-3-0" source="keywords">Modi 3.0</keyword>. However, the road to the end has proven anything but a bed of lotuses for the Bharatiya Janata Party (<keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords">BJP</keyword>). Despite staunch optimism of winning 400 out of 543 seats, the BJP-led National Democratic Alliance (<keyword id="19938590" type="General" weightage="20" keywordseo="NDA" source="keywords">NDA</keyword>) managed to capture only 293 — a margin barely above the 272 seats majority, and dozens below their 2014 and 2019 standings. Then came the fact that the BJP, with only 240 seats won, would have to be supported by two major partner parties: the Telugu Desam Party (TDP) and the Janata Dal (United), if they wished to finalise a majority and form the next Lok Sabha. This meant that the ball currently remains in the courts of these two quintessential “Kingmakers”; will they keep their pre-poll promises to ensure the continuity of Mr Modi, or usurp him by joining the opposition <keyword id="19895063" type="General" weightage="20" keywordseo="INDIA" source="keywords">INDIA</keyword> bloc? This mystery may linger not just this week, but throughout the term of the next government given the fickle nature of the Indian political system. As we move into the final few legs of this political marathon, the story has only taken a turn for the juicier. According to media reports, INDIA has now offered the position of Deputy Prime Minister to JD(U) Nitish Kumar and a special status to Andhra Pradesh (with TDP majority) if the parties align with the alliance and forsake their NDA partnership. If they agree, the INDIA-TDP-JD(U) coalition could overthrow BJP-NDA to form the government, making for the biggest <keyword id="21945335" type="General" weightage="20" keywordseo="political-plot-twist" source="keywords">political plot twist</keyword> in decades. While we wait for the historical gavel to drop, let’s take a look back at the other bombshells to have come out of the tallying process so far. <cmsannotation type="cmsannotation" annotationid="BJP falls short of majority" comment="subhead" text="BJP falls short of majority">BJP falls short of majority</cmsannotation> Despite battle cries of ‘Abki baar 400 par’, the Modi-led party has failed to cross the required 272 seats necessary for a clear majority and stands far below their performances in 2014 and 2019. They are no longer self-sufficient enough to make a third term without the support from allies. <cmsannotation type="cmsannotation" annotationid="BJP loses ground in Hindi Heartland" comment="subhead" text="BJP loses ground in Hindi Heartland">BJP loses ground in Hindi Heartland</cmsannotation> The northern states, which constitute a large section of the Hindi-speaking population, have been considered BJP’s biggest loyalists. Despite this, the party has faced unexpected stiff competition in states such as Uttar Pradesh, Rajasthan, Chandigarh and Haryana. These are crucial states for the BJP, as they hold a large number of seats and losing a majority of these seats has weakened their moral position. While some blame the loss on the anger of dominant castes in the region, others say that the party ignored these stronghold regions in pursuit of expansion to the east and south. <cmsannotation type="cmsannotation" annotationid="NDA wins below 300 seats, far below landslide 400 predictions" comment="subhead" text="NDA wins below 300 seats, far below landslide 400 predictions">NDA wins below 300 seats, far below landslide 400 predictions</cmsannotation> Not only has BJP itself been unable to capture the required majority, their NDA coalition hasn’t even touched 300 Lok Sabha seats. This indicates a significant loss of public support compared to predictions. <cmsannotation type="cmsannotation" annotationid="BJP loses Ram Temple Constituency" comment="subhead" text="BJP loses Ram Temple Constituency">BJP loses <keyword id="41267" type="General" weightage="20" keywordseo="ram-temple" source="Orion">Ram Temple</keyword> Constituency</cmsannotation> Construction of the Ram Temple in Ayodhya has been one of BJP’s most prominent election promises in the past two elections. Despite delivering on this front, the party has lost the Faizabad seat to Samajwadi Party candidate Awadhesh Prasad. <cmsannotation type="cmsannotation" annotationid="Lotus blooms down south" comment="subhead" text="Lotus blooms down south">Lotus blooms down south</cmsannotation> BJP opened its account for the first time in Kerala with a win for actor-turned-politician Suresh Gopi at the Thrissur seat. In Telangana, both BJP and Congress put up a strong performance by winning eight seats each and sidelining the regional parties. However, for the BJP, Tamil Nadu was a disappointment as it failed to win even one seat despite immense push from all quarters. The party did manage to increase the vote share to double digits despite a lack of support from the regional parties. <cmsannotation type="cmsannotation" annotationid="BJP wins all Delhi seats" comment="subhead" text="BJP wins all Delhi seats">BJP wins all Delhi seats</cmsannotation> Making a hat-trick, the BJP won all seven Lok Sabha seats in Delhi for the third time, beating the Congress-AAP alliance. <h3>Individual/Regional Politics</h3><cmsannotation type="cmsannotation" annotationid="Rahul Gandhi wins two seats" comment="subhead" text="Rahul Gandhi wins two seats">Rahul Gandhi wins two seats</cmsannotation> After a risky contest for two seats in Kerala’s Wayanad and Uttar Pradesh’s Rae Bareli, the Congress leader has won both by a massive margin. <cmsannotation type="cmsannotation" annotationid="Kangana Ranaut wins Himachal seat" comment="subhead" text="Kangana Ranaut wins Himachal seat"><keyword id="10343350" type="General" weightage="20" keywordseo="kangana-ranaut-wins" source="Orion">Kangana Ranaut wins</keyword> Himachal seat</cmsannotation> The celebrity candidate’s debut resulted in a strong win for the Mandi seat for BJP. <cmsannotation type="cmsannotation" annotationid="Smriti Irani loses" comment="subhead" text="Smriti Irani loses">Smriti Irani loses</cmsannotation> Despite high expectations, Smriti Irani loses the Amethi seat by a large margin to Congress’ Kishori Lal Sharma. This is a high-profile defeat for a key BJP figure. <cmsannotation type="cmsannotation" annotationid="Shashi Tharoor faces a brief hiccup" comment="subhead" text="Shashi Tharoor faces a brief hiccup">Shashi Tharoor faces a brief hiccup</cmsannotation> Earlier trends had briefly indicated trouble for the recurrent Thiruvananthapuram MP. However, the tides turned quickly, handing Tharoor the win over Rajeev Chandrasekhar. <cmsannotation type="cmsannotation" annotationid="Former cricketer Yusuf Pathan wins" comment="subhead" text="Former cricketer Yusuf Pathan wins">Former cricketer Yusuf Pathan wins</cmsannotation> Stepping up to politics for the first time, cricketer turned politician Yusuf Pathan won West Bengal’s Baharampur seat for the Trinamool Congress. <cmsannotation type="cmsannotation" annotationid="Jailed pro-Khalistani candidate victorious in Punjab" comment="subhead" text="Jailed pro-Khalistani candidate victorious in Punjab">Jailed pro-Khalistani candidate victorious in Punjab</cmsannotation> Amritpal Singh, a notable Khalistan supporter and independent candidate clinched the Khadoor Sahib seat from jail in Punjab. <cmsannotation type="cmsannotation" annotationid="Sexual assault-accused Prajwal Revanna pulls considerable vote share" comment="subhead" text="Sexual assault-accused Prajwal Revanna pulls considerable vote share">Sexual assault-accused Prajwal Revanna pulls considerable vote share</cmsannotation> Despite a final win by Congress candidate Shreyas M. Patel in Karnataka’s Hassan constituency, JD(U)’s Prajwal Revanna garnered 46.5% of the total votes. This has occurred despite being in police custody and having a massive sexual assault case lodged against the candidate. <h3>Other notable events</h3><cmsannotation type="cmsannotation" annotationid="Indore sets record for highest NOTA voters" comment="subhead" text="Indore sets record for highest NOTA voters">Indore sets record for highest NOTA voters</cmsannotation> Controversy had earlier erupted in Indore after Congress candidate Akshya Kanti Bam deferred to BJP shortly before the voting process had begun. In response, over 2 lakh voters placed their bets on ‘None of the Above’, expressing dissatisfaction with the choices presented to them. <cmsannotation type="cmsannotation" annotationid="Stock market falls by COVID-19 levels" comment="subhead" text="Stock market falls by COVID-19 levels">Stock market falls by COVID-19 levels</cmsannotation> Anticipating an easy win and stable third term for Modi, the Indian stock surged right before the election. However, government uncertainty later on spurred the Nifty and BSE Sensex indices to crash by as much as 8.5%.

Lok Sabha Elections 2024: Biggest shockers to come out of the thrilling election results

New Delhi [India], May 16 (ANI): <keyword id="9766785" type="General" weightage="100" keywordseo="Lok-Sabha-elections-2024" source="Orion">Lok Sabha elections 2024</keyword> have seen a <keyword id="20108198" type="General" weightage="20" keywordseo="voter-turnout" source="keywords">voter turnout</keyword> at polling stations of about 66.95 per cent so far, as approximately 451 million people have voted during the first four phases of ongoing general elections. In a bid to encourage voters to exercise their franchise in large numbers, ECI has enhanced its targeted interventions to reach out to every eligible voter. The Commission led by CEC Rajiv Kumar along with ECs Gyanesh Kumar and Sukhbir Singh Sandhu, further directed CEOs of the states going to poll in the fifth, sixth and seventh phases to timely distribute voter information slips to all electors and enhance outreach activities. "Commission strongly believes that partnership and collaboration are essential pillars of the voter awareness programme. It's heartening to see that, at the Commission's request, different institutions, influencers and celebrities with significant reach are working enthusiastically on a pro-bono basis," Chief Election Commissioner Rajiv Kumar said. Further, he added that a higher voter turnout would be a message from Indian voters to the world, about the strength of Indian Democracy. He urges all the voters to cast their vote in huge numbers, as voting day is not a holiday but a day of pride, by participating in the festival of democracy. According to an official release, various <keyword id="21686177" type="General" weightage="20" keywordseo="voter-awareness-drives" source="keywords">voter awareness drives</keyword> and campaigns have been carried out by stakeholders in collaboration with ECI. Telecom Service Providers such as Bharat Sanchar Nigam Limited, Bharti Airtel Limited, Jio Telecommunication, and Vodafone-Idea Limited are reaching out to every mobile user in the respective parliamentary constituency through push SMS/Flash SMSs, outbound dialling calls to mobile users, RCS (Rich Communication Services) messaging and WhatsApp messages/alerts. These activities are carried out two/three days before the poll and even on the poll day, in regional languages, with an appeal to vote. ECI has collaborated with BCCI for voter awareness activities during the ongoing IPL season. The voter awareness messages and songs are being played at different stadiums during the cricket matches. The most innovative aspect of this campaign is the administration of voter's pledges by cricket legend Sachin Tendulkar in a pre-recorded video message, at various IPL venues. Further, voter awareness messages are integrated into cricket commentary. Cricketers from 10 IPL teams have encouraged voters to participate in the <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> elections in 2024 with their recorded voter awareness messages. A voting day alert was sent to all Facebook users pan India to inform and inform the voters about the general elections and to nudge them to participate in the festival of democracy, the release mentioned. The release further stated that WhatsApp personalised messages have begun on polling day. Google India is contributing through its iconic feature of Google Doodle on poll days and banners appearing on YouTube, Google Pat and other Google platforms. The Retail Association of India has been actively engaging with voter awareness activities, through their retail network, whereby retail chains are encouraged to celebrate the election as a festival. The vast network of post offices and banking institutions was utilised by ECI to reach out to a wide and diverse audience across the length and breadth of the country. In collaboration with the Ministry of Petroleum and Natural Gas, the parliamentary elections campaign logo "Chunav ka Parv, Desh ka Garv" has been integrated with the IRCTC portal and tickets. Voter awareness announcements have been integrated with the public address system at all railway stations. The logo stickers are used on coaches of the superfast trains. In collaboration with the Ministry of Petroleum and Natural Gas, hoardings on voter awareness have been installed in about 16,000 retail outlets. In collaboration with the Ministry of Civil Aviation, airlines are making an inflight announcement with an appeal message to participate in the ensuing elections. Voter guides are being kept in aircraft seat pockets. Apart from this, many airports are providing space for the display of voter awareness messages. Selfie points have been installed at airports in 10 major cities viz. Delhi, Mumbai, Kolkata, Bengaluru, Hyderabad, Ahmedabad, Lucknow, Patna, Chandigarh, and Pune. Cinema theatres across the country are playing ECI voter awareness films and ECI Song Main Bharat Hoon, Hum Bharat Ke Matdata Hai, at regular intervals, as a part of the Public Service Awareness (PSA) film. Sansad TV is creating short films on Unique Polling Stations set up in remote corners of the country by the election machinery after navigating difficult terrains to demonstrate the challenges in ensuring voting at the last mile. AMUL, Mother Dairy and other milk co-operatives have started branding their milk pouches with the message 'Chunav Ka Parv, Desh ka Garv' and encouraging voters through social media platforms. AMUL is also encouraging voters with its unique messaging through AMUL Girl Topical advertisements in newspapers. Prasar Bharati: Doordarshan has produced, various short films, including appeals from constitutional functionaries like President of India, Vice President of India, and Chief Justice of India, among others. Further, unique polling stations are being covered by the regional Kendra's audio-visual documentation. Music App Spotify is running a campaign called 'Play Your Part', and they have issued print advertisements, and curated the playlists for the elections, on their app. Payments app PhonePe has integrated voter awareness message into their app and is actively encouraging voters. BookMyShow has launched an integrated campaign, titled "Aaj Picture Nahi, Bigger Picture Dekho," to raise awareness among voters. MakeMyTrip is running a campaign titled 'MyVoteWalaTrip', whereby discounts are offered to citizens going to vote. Food delivery platforms such as Zomato and Swiggy are disseminating voter awareness messages through their platforms and social media activities. Grocery App Blinkit changed its logo to "Inkit" for the elections, incorporating a message encouraging people to "Go out and Vote" as a tagline. Uber India is reaching out to voters through multi-channel messaging (in-app, emails, push notifications), offering discounts for rides to polling stations, and amplifying voter awareness messages on social media platforms. Bike app Rapido has been encouraging voters with a free ride to vote. Urban Company has launched 'I Have Voted Campaign' to encourage voters. Tata Neu app, serving as the Tata Group's group-wide consumer-facing mobile app, prominently features the "Cast Your Vote" animated banner on its homepage, with additional initiatives currently underway. Truecaller is enhancing its layout by displaying voter awareness message during outbound calls Some other independent initiatives are Mankind Pharma #VotingVirgin campaign, clothing brand Neeru's "Vote ki Taiyaari" TVC, Tinder's "Every Single Vote Counts" campaign, creatively curated social media post by Matrimonial sites like Jeevansathi.com, etc and discounts for voting by popular brands such as Shoppers' Stop, MakeMyTrip, Chroma and many more. Four phases of Lok Sabha polls have been held and the voting will conclude on June 1 with results on June 4. The remaining phases will be held on May 20, May 25, and June 1.

451 million voters! First four phases of Lok Sabha elections witness 66.95% voter turnout so far

The <keyword id="20000743" type="General" weightage="20" keywordseo="RJD" source="keywords" meta.keywordsubtype="org" meta.entityname="RJD" meta.hostid="261" meta.entityid="RJD">RJD</keyword> on Tuesday afternoon claimed that Bihar Chief Minister <keyword id="19907431" type="General" weightage="100" keywordseo="Nitish-Kumar" source="keywords">Nitish Kumar</keyword> and Telugu Desam Party president <keyword id="19926151" type="General" weightage="20" keywordseo="Chandrababu-Naidu" source="keywords">Chandrababu Naidu</keyword> "shared a dislike for vendetta politics" which could lead them away from the BJP-led <keyword id="19938590" type="General" weightage="20" keywordseo="NDA" source="keywords">NDA</keyword>. RJD national spokesperson Manoj <keyword id="20785661" type="General" weightage="20" keywordseo="kumar-jha" source="keywords">Kumar Jha</keyword> also recalled the forecast of Kumar, who heads the JD(U), that "those who came to power will be ousted in 2024", and the efforts he made in laying the foundation of the <keyword id="19895684" type="General" weightage="20" keywordseo="INDIA-bloc" source="keywords" meta.keywordsubtype="org" meta.entityname="INDIA bloc" meta.hostid="261" meta.entityid="INDIA bloc">INDIA bloc</keyword>. "We have been, formerly, in alliance with both Nitish Kumar and Chandrababu Naidu. We know they share a dislike for vendetta politics which the <keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords" meta.keywordsubtype="org" meta.entityname="BJP" meta.hostid="261" meta.entityid="BJP">BJP</keyword> stands for. Narendra Modi seems to be on his way out. We are hopeful that the two leaders will play a crucial role in the change of guard at the Centre," Jha told reporters here. He also made it clear, "I am making no appeal to Nitish Kumar or Chandrababu Naidu. I am only expressing my hope, given the understanding I have of their temperament". Notably, the JD(U) has put up a better than expected performance in <keyword id="19895394" type="General" weightage="20" keywordseo="Lok-Sabha" source="keywords">Lok Sabha</keyword> polls, establishing a lead in 14 out of the 16 seats it had contested, surpassing the BJP which had fought 17 but was trailing in five of these. In Bihar, the INDIA bloc was leading in only eight out of the 40 Lok Sabha seats but Jha was confident that the numbers would look up for the coalition in the state, even as he complained about the tardy pace of counting. "We have written to the Election Commission drawing attention towards the extremely slow pace of counting. Only 3-4 lakh votes have been counted till afternoon in most seats in Bihar where, on an average, about 10 lakh people have exercised their franchise in each constituency," said Jha. "We are confident that as the counting progresses, in many seats where we are trailing by slender margins, the picture will change. But we urge the Election Commission to carry out the exercise as per the rule book and not act on any telephone calls they may be getting from Delhi," said the Rajya Sabha MP, who has been alleging that the poll panel has often acted under pressure from the ruling BJP at the Centre. "To all our cadres in the INDIA coalition, I would appeal not to let their guard down. Counting may continue till late in the evening. We must remain vigilant," said Jha. Among the INDIA constituents in Bihar, RJD had contested 23 seats, out of which it was trailing in all but four, while Congress, which got nine seats, was leading in two. The CPI(ML) Liberation, which had contested three seats, was leading in two.

Nitish, Naidu may dump NDA, help INDIA bloc form govt: RJD

The tallies for each constituency are in, and the arithmetic for the next government is being worked out. If the Narendra Modi-led Bharatiya Janata Party (<keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords">BJP</keyword>) manages to hold onto their alliances, the stage will be set for Modi 3.0. However, if the Congress-led INDIA bloc somehow lures major parties like JD(U) and TDP, they might have a chance, though it is a long shot at the moment. However, with the results out for all 543 constituencies, much has been revealed about the general attitude of the country’s voters. For instance, despite the almost-unshakable belief that the BJP will sweep almost all 80 <keyword id="19894922" type="General" weightage="20" keywordseo="Uttar-Pradesh" source="keywords">Uttar Pradesh</keyword> seats — especially after the Ram Mandir inauguration — the party shockingly only managed to win only 33. Some experts speculate that this outcome came from the party failing to address core issues such as employment and economic anxiety, and instead choosing to focus on religious divide to win ballots. Expert institutions, such as Bernstein and Citi Research, have now noted that new spendings may now thus become focused on the poor, women, farmers and rural areas, especially considering how rapidly BJP’s <a href="https://bfsi.economictimes.indiatimes.com/news/industry/bias-of-markets-expected-rural-agriculture-to-be-the-new-focus-areas-reports/110728041">vote share has dropped in the rural seats</a>. For context, rural constituencies make up 60% of the total constituencies in India, according to The Economic Times. However, this is not to say that the party has clear favourites among the more developed and richer states either. Many of the richest Indian states have expressed mixed to lukewarm reactions towards BJP this election cycle, and even delivered unexpected shockers. For instance, the NDA lost a lot of ground in Uttar Pradesh, <keyword id="19897316" type="General" weightage="20" keywordseo="Maharashtra" source="keywords">Maharashtra</keyword> and Rajasthan — some states with the biggest economies in the country. As for the current scenario, the party favourite remains mixed. Considering that the country has delayed the National Survey by four years, we have to rely on independent sources to come up with more current state-wide economic statistics. Therefore, as per the India Ratings and Research (Ind-Ra), <keyword id="19896017" type="General" weightage="20" keywordseo="Karnataka" source="keywords">Karnataka</keyword>, Uttar Pradesh, Maharashtra, Tamil Nadu and Gujarat formed the five largest state economies in India in the 2023 Financial Year. Let’s take a look at how India’s wealthiest states voted in <keyword id="20886626" type="General" weightage="20" keywordseo="Lok-Sabha-2024" source="keywords">Lok Sabha 2024</keyword>. <cmsannotation type="cmsannotation" annotationid="Karnataka" comment="subhead" text="Karnataka">Karnataka</cmsannotation> Despite struggles with making headway in the South, the BJP had made a clean sweep in Karnataka, bagging 25 seats in the 2019 general elections. While the BJP-JD(S) alliance has managed to retain a majority in the southern state with 17 seats, <keyword id="19895371" type="General" weightage="20" keywordseo="Congress" source="keywords" meta.keywordsubtype="org" meta.entityname="Congress" meta.hostid="261" meta.entityid="Congress">Congress</keyword> made an impressive comeback this year, winning 9 seats compared to the 1 in the last election cycle. JD(S) managed to capture the remaining two seats. As for the four Bengaluru constituencies, BJP managed to cling onto all of them as well, with Tejasvi Surya in Bengaluru South, Shobha Karandlaje in Bengaluru North, P. C. Mohan in Bengaluru Central and C. N. Manjunath in Bengaluru Rural. <cmsannotation type="cmsannotation" annotationid="Uttar Pradesh" comment="subhead" text="Uttar Pradesh">Uttar Pradesh</cmsannotation> As mentioned earlier, the biggest controversies came out of Uttar Pradesh. Housing prominent figures such as Chief Minister Yogi Adityanath, the state has been widely considered as a stronghold for the saffron party, who had won a whopping 62 seats in 2019. However, resident voters were determined to take to the booths to voice their dissent this year. Of the 80 UP constituencies — by far the state with the largest number of seats — 37 were won by the Samajwadi Party. Meanwhile, the BJP held onto 33 seats, and the INC 6. The difference is stark: BJP lost 27 of the seats it won in the previous election cycle. Many prominent figures were dethroned this year, including Smriti Irani in Amethi, Union Minister Ajay Kumar Mishra in Kheri and Maneka Gandhi in Sultanpur. However, perhaps the biggest shocker came from the fact that the BJP also lost the Faizabad Lok Sabha seat, which housed the contentious Ram Temple. Awadesh Prasad of the Samajwadi Party will be chairing the constituency for the next five years. Prime Minister Narendra Modi, too, contested for the Varanasi seat, beating INC’s Ajay Rai by a margin of 2.5 lakh votes. <cmsannotation type="cmsannotation" annotationid="Maharashtra" comment="subhead" text="Maharashtra">Maharashtra</cmsannotation> Another of the biggest losses for the BJP also saw a resurgence for Congress in the state with the highest <keyword id="35050" type="General" weightage="20" keywordseo="gdp" source="Orion">GDP</keyword>. While the NDA had clinched 41 out of the 48 seats in the previous 2019 elections, it managed to bag a paltry 9 this time around. While this is a monumental loss for the ruling party, they managed to hold firmly onto most of the coastal Konkan belt. Headed by the Mahayuti alliance, the BJP won 7 of the 12 coastal seats, including in Palghar, Ratnagiri-Sindhudurg and Mumbai North. Meanwhile, the Shiv Sena (UBT) maintained its hold on half of the six Mumbai constituencies. Of the four Mumbai Metropolitan Region (MMR) seats, NCP (SP) won Bhiwandi, Shinde-led Shiv Sena won Thane and Kalyan and BJP won Palghar. <cmsannotation type="cmsannotation" annotationid="Tamil Nadu" comment="subhead" text="Tamil Nadu">Tamil Nadu</cmsannotation> Of all the economic powerhouses, Tamil Nadu was the only state untouched by the BJP this year. Out of the 39 seats in the state, the MK Stalin-led Dravida Munnetra Kazhagam (DMK) came out victorious in 22, the INC won 9, while a coalition of other parties bagged the remaining seats. This was a massive win for the DMK, especially considering the two major opposition parties, the AIADMK and BJP, had come together to contest this year. Considered by many as BJP's most promising candidate, K Annamalai, too lost to DMK’s Ganapathi P Rajkumar in Coimbatore. <cmsannotation type="cmsannotation" annotationid="Gujarat" comment="subhead" text="Gujarat">Gujarat</cmsannotation> While most of the other states endured major plot-twists, the story has remained almost the same for Narendra Modi’s home state, Gujarat. As per final polls, the BJP won 25 of the total 26 seats in the state, falling short of a full clean sweep due to INC clutching the final one. However, the INC win in the Banaskantha Lok Sabha seat was no small victory, considering this was the first time in a decade that the party had made ground in the western state. Meanwhile, Home Minister Amit Shah contested and won from state capital Gandhinagar by a massive margin of nearly 7.5 lakh votes.

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