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The financial capital of the country, <keyword id="19895282" type="General" weightage="20" keywordseo="Mumbai" source="keywords">Mumbai</keyword>, is set to get its first <keyword id="22447857" type="General" weightage="20" keywordseo="underground-metro" source="keywords">underground metro</keyword> (<keyword id="20470518" type="General" weightage="20" keywordseo="Aqua-Line" source="keywords">Aqua Line</keyword>) on July 24, <keyword id="19931558" type="General" weightage="20" keywordseo="Bharatiya-Janata-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharatiya Janata Party" meta.hostid="261" meta.entityid="Bharatiya Janata Party">Bharatiya Janata Party</keyword>'s general secretary Vinod Tawde said in a post on "X". BJP Leader Tawde said in a post on social media "X", "Prime Minister @NarendraModi ji had given a guarantee to make the life of Mumbaikars easier and this is going to be fulfilled. Mumbai's first underground metro (Aqua Line) is starting from July 24, which will give new impetus to the speed of the city." This new metro line will cover a distance of 33.5 kilometres. Mumbai's first underground metro line will run through Colaba, <keyword id="19907248" type="General" weightage="20" keywordseo="Bandra" source="keywords">Bandra</keyword>, and <keyword id="20170419" type="General" weightage="20" keywordseo="SEEPZ" source="keywords">SEEPZ</keyword> (Santacruz Electronics Export Processing Zone). Running a 33.5 km route from Aarey Colony to Cuffe Parade with 27 stops, it will transform urban transit, easing travel across Mumbai's streets and reducing traffic congestion. The new metro line will have stations at Cuffe Parade, Vidhan Bhavan, Churchgate, Hutatma Chowk, CST Metro, Kalbadevi, Girgaon, Grant Road, Mumbai Central Metro, Mahalaxmi, Science Museum, Acharya Atre Chowk, Worli, Siddhivinayak, Dadar, Shitladevi, Dharavi, BKC, Vidyanagari, Santacruz, Domestic Airport, Sahar Road, International Airport, Marol Naka, MIDC, SEEPs and Aarey Depot. Separately, in the last week of June this year, the government of Maharashtra decided to complete the <keyword id="21117856" type="General" weightage="100" keywordseo="Mumbai-Metro" source="keywords">Mumbai Metro</keyword> 3 project by the end of December 2024. The first phase of Mumbai Metro 3, will run between SEEPZ (Santacruz Electronics Export Processing Zone) and Bandra Kurla Complex. The project will be completed by the end of December 2024, which was initially scheduled to be completed by September 2024. During the cabinet meeting, Maharashtra's Chief Minister Eknath Shinde gave its nod to giving the state government's share of Rs 1,163 crore directly to the Mumbai Metro Rail Corporation, instead of the Mumbai Metropolitan Region Development Authority (MMRDA) for the completion of the project. According to the government, the project has achieved the completion of 98% and its revised cost is Rs 37,275.50 crore. As per the information available on the website of Mumbai Metro Rail Corporation, about 99.2% of civil works under the project have been completed. About 97% of the overall station construction has been completed. Under the project, tunnelling works have been fully completed, while 77.6% of overall systems work, depot civil works 99.8% and mainline track works have been completed almost 87% The introduction of the metro transportation system has witnessed a significant response in the city as the daily ridership of the Mumbai Metro has witnessed a significant increase. On July 24, 2023, the ridership reached 2,12,490, followed by 2,18,635 on July 25, 2023. The highest recorded ridership was on July 26, 2023, with 2,22,290 passengers. This surge in ridership has been observed specifically on the Metro 2A and 7 lines, Mumbai Metro Rail Corporation said in a release.

Mumbai's first underground metro line set to begin operations on July 24

If there is one word to aptly describe the ongoing 2024 Lok Sabha <keyword id="20515965" type="General" weightage="20" keywordseo="election-results" source="keywords">election results</keyword>, specifically for the incumbent party, it would be jolting, startling, and perhaps, even surprising. The exit polls were wide off the mark, and then some. Less than a week ago, India reported a remarkable <keyword id="19972825" type="General" weightage="20" keywordseo="GDP-growth" source="keywords">GDP growth</keyword> rate of 8.2% for the fiscal year 2023-24. Over the weekend, exit polls predicted a clear and easy majority for the ruling Bharatiya Janata Party (BJP) and its alliance NDA. Consequently, benchmark indexes, Sensex and <keyword id="6354813" type="General" weightage="20" keywordseo="Nifty" source="Orion">Nifty</keyword>, both zoomed more than 3 per cent on Monday, breaching the all-time high records. On Tuesday, the tides turned! Putting a harsh full stop on the ruling party’s “abki baar 400 paar” narrative, the electoral situation on Tuesday evening shows less than 300 seats to the NDA and over 230 seats to the opposing INDIA bloc. What’s even more concerning for the ruling party is its tally dropping from 303 in 2019 to less than 245 this year. Consequently, on Tuesday, Sensex witnessed the steepest drop in over four years since the pandemic, recording a drop of 4,389 to settle just over 72,000. Nifty also dipped by almost 6%, standing at 21,884 points. If the trends hold, the BJP will lack a clear, simple majority on its own for the next five years, even if it manages to form a government with its pre-poll allies. The question is, how stable the new government would be, what would be the overall impact of this verdict on India’s economy, and what’s the story behind the jitters exhibited by the markets on Tuesday? <cmsannotation type="cmsannotation" annotationid="India’s incredible economic growth story" comment="subhead" text="India’s incredible economic growth story">India’s incredible <keyword id="19900794" type="General" weightage="100" keywordseo="economic-growth" source="keywords">economic growth</keyword> story </cmsannotation>Perched to be the world’s 3rd largest economy by 2027, India’s current GDP value stands at $3.9 trillion. As per FM <keyword id="20200167" type="General" weightage="20" keywordseo="Nirmala-Seetharaman" source="keywords">Nirmala Seetharaman</keyword>, the Indian economy is anticipated to grow at a rate of close to 7% in FY25 and hit $7 trillion by 2030. The <keyword id="3530620" type="General" weightage="20" keywordseo="Gross-Value-Added" source="Orion">Gross Value Added</keyword> (GVA) data supports the optimistic outlook, with a growth rate of 7.2% in FY24 compared to 6.7% in FY23. And notably, this strong economic growth has come at a time when most of the major economies across the globe are grappling with a slowdown. While few expect India to maintain a robust growth of 8.2%, most economists agree that GDP growth could moderate to around 7% in FY25. But most of these growth forecasts are contingent on a stable government and policy reforms at the centre. So, does the sharp fall in benchmark indices on Tuesday foretell a twist in India’s growth story? <cmsannotation type="cmsannotation" annotationid="Is there a twist in the tale?" comment="subhead" text="Is there a twist in the tale?">Is there a twist in the tale? </cmsannotation>Firstly, the <keyword id="16791710" type="General" weightage="20" keywordseo="foreign-portfolio-inflows" source="Orion">foreign portfolio inflows</keyword> (FPI), indicative of the global confidence reposed in the Indian markets, have been on a consistent decline over the past 3 months. As of 4th June 2024, foreign institutional investors had withdrawn a total of Rs 14,339 crores from the Indian equity markets while investing Rs 55,273 crores in debt instruments, which are traditionally reflective of safety, security, and a low-risk and change appetite. Foreign institutional investors had also withdrawn Rs 25,586 crores during May 2024, and Rs 8,671 crores during April 2024. If anything, the Indian market stands atop the strong confidence of domestic investors. The AUM (assets under management) of the Indian mutual fund industry stood at a record high of around $57 lakh crores in April 2024, even as the SIP AUM hit a record high of Rs 11.26 lakh crore. "The steep fall is due to the results so far falling short of the exit polls which the market had discounted yesterday. If BJP doesn't get a majority on its own there will be disappointment and this is getting reflected in the market. Also it is possible that Modi 3.O may not be as reform-oriented as the market expected and may turn more welfare- oriented," said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. <cmsannotation type="cmsannotation" annotationid="Cautiously optimistic investors could prevail" comment="subhead" text="Cautiously optimistic investors could prevail">Cautiously optimistic investors could prevail </cmsannotation>But does this mean India’s growth story stands threatened or even jeopardized? Even though social media is flooded with memes that might lead one to believe it is all over for India’s story, the country remains the fastest growing economy amongst all G-20 nations in 2024, compelling almost all rating agencies to positively hike the country’s potential growth rate. But, equally noticeable is the fact that India’s private consumption, a major indicator of the economy’s growth, jumped by only 3.5% over the last 3 months of 2024. India now makes up 6.7% of the world’s GDP by purchasing power parity (PPP). As figures go, India is set to become a $10 trillion economy by 2030. Veteran investors like Raamdeo Agrawal, who heads Motilal Oswal Financial Services, believe that India’s potential growth rate of 8-8.5% is not going anywhere and that NDA’s leadership is here to stay. In his words, if an investor has managed to make 4-5x in the last 3-4 years, one will have to give in 20-30%. But that is where you will have to persist as an investor. "With the NDA still looking to form a government, though with the important support of coalition partners, markets look jittery about the prospects of strong decision making. Markets believe that the reformistic approach, which was a hallmark of the previous two terms, might take a backseat in the third term. However, our sense is that it is still early to jump to conclusions and should ideally wait for a clearer picture," said Manish Chowdhury, Head of Research, StoxBox. But all in all, the NDA government is most likely to stay for the full term, and those who bet on the same stand to stay safe despite the surprisingly strong performance of the INDIA alliance. However, in the end, the only one who wins in the market stays put in the market in the long run. Because NDA, or INDIA, compounding is here to stay, all set to immensely benefit long-term investors. (With inputs ANI)

Economic implications of Lok Sabha Election 2024 results: Would lack of a clear majority for BJP impact India’s growth story?

Descendants of royal families, who are contesting the 2024 <keyword id="19923279" type="General" weightage="20" keywordseo="Lok-Sabha-elections" source="keywords">Lok Sabha elections</keyword> on <keyword id="19894848" type="General" weightage="20" keywordseo="BJP" source="keywords">BJP</keyword> tickets, have performed fairly well with a majority of them leading with a huge margin on their respective seats. <keyword id="29632" type="General" weightage="20" keywordseo="jyotiraditya-scindia" source="Orion">Jyotiraditya Scindia</keyword>, the scion of the erstwhile royal family of Gwalior who severed his 18-year-long ties with the <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> in 2020 and joined the Bharatiya Janata Party (BJP), is leading with over 5 lakh votes from the Guna parliamentary constituency in <keyword id="19898705" type="General" weightage="20" keywordseo="Madhya-Pradesh" source="keywords">Madhya Pradesh</keyword>. The Union civil aviation minister is pitted against the Congress' Rao Yadvendra Singh. This is the first time in his political career that Scindia (53) is contesting as a BJP candidate from Guna, which was earlier represented by his late father Madhavrao Scindia and late grandmother Vijayaraje Scindia. The BJP is having a clean sweep in Madhya Pradesh by securing huge vote margins on all 29 seats. Another royal candidate Dushyant Singh, Prince of Dholpur state in <keyword id="19898913" type="General" weightage="20" keywordseo="Rajasthan" source="keywords">Rajasthan</keyword>, who has been elected four times in the past, is also leading from Jhalawar-Baran with over 3.5 lakh votes against his rival Urmila Jain of the Congress. Mahima Kumari Mewar, the wife of <keyword id="21351143" type="General" weightage="20" keywordseo="vishvaraj-singh" source="keywords">Vishvaraj Singh</keyword> Mewar who is a descendant of Maharana Pratap, is also leading from Rajsamand Lok Sabha seat in Rajasthan with around 4 lakh votes against her nearest rival Dr Damodar Gurjar of the Congress. In Rajasthan, the BJP has won one seat and is leading on 13 out of 25 parliamentary constituencies. In the south, <keyword id="20932800" type="General" weightage="20" keywordseo="yaduveer-krishnadatta-chamaraja-wadiyar" source="keywords">Yaduveer Krishnadatta Chamaraja Wadiyar</keyword>, 31-year-old US-educated who was crowned as the titular head of the erstwhile Mysuru royal family in 2015 making him the 27th 'King' of the Wadiyar dynasty, is a BJP candidate for the Mysuru Lok Sabha seat. Yaduveer is leading with over 1.3 lakh votes against Congress' candidates M Lakshmana from this seat. As per the latest trend, the BJP has won one seat and leading on 15 seats out of 28 parliamentary seats in Karnataka. The Congress is leading on 10 seats. In Odisha, while contesting as a BJP candidate, Malvika Devi, wife of former MP Arka Keshari Deo, a member of the royal family of Kalahandi district, is leading with about one lakh votes against her nearest rival Lambodar Nial of Biju Janata Dal (BJD). The BJP has put up a significant performance in Odisha as its candidates are leading on 19 out of 21 seats. Among the Northeastern states, Kriti Singh Debbarma, a member of the Tripura's erstwhile royal family, who is a joint candidate of the regional party Tipra Motha and the BJP, is leading with over 5.5 lakh votes on Tripura East seat from her nearest rival Rajendra Reang of the Communist Party of India (CPI). Tripura has two parliamentary constituencies and the BJP is leading on both of them. Among the losing royal challengers of the 2024 Lok Sabha elections is Vikramaditya Singh, who is contesting from the Congress from the Mandi Lok Sabha seat. Singh, the heir of the Rampur royal family and son of the late Virbhadra Singh, a six-time chief minister of Himachal Pradesh, is trailing as his rival, actress-turned-politician Kangna Ranaut of the BJP, is ahead of him with over 70,000 votes. Another royal candidate is Rajmata Amrita Roy from the Krishnanagar seat in West Bengal, who is also trailing by over 50,000 votes against Trinamool Congress' (TMC) Mahua Moitra. Roy, married to the family of Maharaja Krishnachandra Roy, is revered as the "Rani Maa" or Queen Mother by the constituency, carrying a legacy rich in tradition and aristocracy.

Lok Sabha polls: Royal family candidates heading towards a comfortable victory

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?

New Delhi [India], June 4 (ANI): With counting progressing in <keyword id="19912155" type="General" weightage="20" keywordseo="Lok-Sabha-polls" source="keywords">Lok Sabha polls</keyword>, the Bharatiya Janata Party-led <keyword id="20344628" type="General" weightage="20" keywordseo="National-Democratic-Alliance" source="keywords" meta.keywordsubtype="org" meta.entityname="National Democratic Alliance" meta.hostid="261" meta.entityid="National Democratic Alliance">National Democratic Alliance</keyword> is leading on more than 100 seats as per the latest trends according to TV channels. Around 642 million people voted in Lok Sabha elections held over seven phases in a mammoth six-week period. The counting of votes began starting with postal ballot papers amid tight security. The counting for State Legislative Assemblies of 175 Assembly constituencies in Andhra Pradesh and 147 Assembly constituencies in Odisha and results of bypolls in 25 Assembly constituencies also began. The Lok Sabha elections for 543 seats of the lower house were held across seven phases. The <keyword id="19931558" type="General" weightage="20" keywordseo="Bharatiya-Janata-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharatiya Janata Party" meta.hostid="261" meta.entityid="Bharatiya Janata Party">Bharatiya Janata Party</keyword> is eyeing a third straight term in power, while the Opposition under the umbrella 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> is seeking to wrest power from the ruling party.Most exit polls predicted a straight term for Prime Minister Narendra Modi, with quite few of them projecting a two-thirds majority for the ruling BJP-led National Democratic Alliance (<keyword id="41281" type="General" weightage="20" keywordseo="NDA" source="Orion">NDA</keyword>). The Congress party and its allies dismissed the exit polls as "orchestrated" and a work of "fantasy", asserting that the opposition INDIA bloc will form the next government at the Centre. Strict security has been put in place for the smooth conduct of counting of votes for over 8,000 candidates in this general election. With counting began for the Lok Sabha elections, which have seen the largest voter participation, the electoral fate of several leaders across the political spectrum will be decided. Prime Minister Narendra Modi, Home Minister Amit Shah, and Defence Minister Rajnath Singh are among the senior BJP leaders in the fray. Key opposition leaders, including former Congress chief Rahul Gandhi, NCP's Supriya Sule, and Samajwadi Party chief Akhilesh Yadav, are also contesting the poll. Two polls predicted the BJP would also improve its numbers from the 303 seats it won in the 2019 Lok Sabha polls. In the 2019 elections, NDA wrested 353 seats, of which the BJP won 303 alone. The Opposition's UPA got only 93 seats of which the Congress got 52. Even before the counting of the votes, the Bharatiya Janata Party won one seat of Surat Lok Sabha. Earlier on April 22, Mukesh Dalal won the election "unopposed". Congress nominee Nilesh Kumbhani's nomination was rejected. His candidacy was rejected because of alleged discrepancies in the signatures of the proposers.

Lok Sabha election results: BJP-led NDA leading in 100 plus seats in early trends

<keyword id="20392679" type="General" weightage="20" keywordseo="BJP-candidate" source="keywords">BJP candidate</keyword> <keyword id="21392066" type="General" weightage="20" keywordseo="Mukesh-Dalal" source="keywords">Mukesh Dalal</keyword> was on Monday elected unopposed from <keyword id="19933716" type="General" weightage="20" keywordseo="surat" source="keywords">Surat</keyword> Lok Sabha constituency in Gujarat after all other nominees withdrew from the fray, a poll official said. The development marks the first victory of the <keyword id="19931558" type="General" weightage="20" keywordseo="Bharatiya-Janata-Party" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharatiya Janata Party" meta.hostid="261" meta.entityid="Bharatiya Janata Party">Bharatiya Janata Party</keyword> in the ongoing Lok Sabha elections. "I declare that Mukeshkumar Chandrakant Dalal, sponsored by the BJP, has been duly elected to fill the seat in the House from Surat parliamentary constituency," district collector cum election officer Saurabh Pardhi told media persons as he handed over the Certificate of Election to Dalal. Voting for all 26 constituencies in Gujarat is scheduled for May 7, but with the result of Surat seat already out, polling will be held on 25 seats. Except for Dalal, all 8 candidates in the fray from Surat- 4 Independents, 3 from smaller parties and Pyarelal Bharti of Bahujan Samaj Party- withdrew their nomination papers on the last day, as per the Surat district election office. Notably, the candidature of Congress' Nilesh Kumbhani from Surat seat was rejected on Sunday after the district returning officer prima facie found discrepancies in the signature of the proposers. The nomination form of Suresh Padsala, the Congress' substitute candidate from Surat, was also invalidated. The Congress on Sunday alleged that Kumbhani's nomination form was rejected at the behest of the BJP and said it would challenge the rejection in the High Court. "Surat has presented the first Lotus to Prime Minister Narendra Modi. I congratulate our candidate for <keyword id="21392065" type="General" weightage="20" keywordseo="Surat-Lok-Sabha-seat" source="keywords">Surat Lok Sabha seat</keyword> Mukesh Dalal for getting elected unopposed," Gujarat unit BJP president C R Paatil posted on X (formerly Twitter). In the 2019 polls, BJP won all 26 constituencies in Gujarat, the home state of Prime Minister Narendra Modi and Union Home Minister Amit Shah. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/google-pixel-8a-may-be-more-expensive-than-its-predecessor-as-per-a-new-leak/articleshow/109499394.cms" target="_blank">Google Pixel 8a may be more expensive than its predecessor, as per a new leak</a><a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank"></a> <a href="https://www.businessinsider.in/sports/webstories/at-17-indian-chess-prodigy-d-gukesh-becomes-youngest-challenger-for-world-championship/slidelist/109492021.cms" target="_blank">At 17, Indian chess prodigy D Gukesh becomes youngest challenger for World Championship</a><a href="https://www.businessinsider.in/tech/news/playstation-5-is-now-available-at-a-discount-of-10000-for-a-limited-period/articleshow/109183034.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/news/playstation-5-is-now-available-at-a-discount-of-10000-for-a-limited-period/articleshow/109183034.cms" target="_blank">PlayStation 5 is now available at a discount of ₹10,000 for a limited period</a>

BJP candidate wins Surat Lok Sabha seat unopposed as his challengers pull out of race

New Delhi, About 82 per cent of the total income from unknown sources declared by national political parties in 2022-23 came from electoral bonds, according to a poll rights body. The Association for Democratic Reforms (ADR) also said that the analysis of the national parties' audit reports and donation statements filed with the Election Commission (EC) shows that the sources remain largely unknown. Out of the Rs 1,832.88 crore as income from unknown sources, the share of income from electoral bonds was Rs 1,510 crore or 82.42 per cent, according to the analysis of the financial reports for the fiscal year 2022-23 submitted to the poll panel, it stated. For this study, six national parties were considered -- the <keyword id="19931558" type="General" weightage="20" keywordseo="bharatiya-janata-party" source="keywords">Bharatiya Janata Party</keyword> (BJP), the Congress, the Communist Party of India (Marxist) (CPI-M), the Bahujan Samaj Party (BSP), the Aam Aadmi Party (AAP) and the National People's Party (<keyword id="20864989" type="General" weightage="20" keywordseo="npep" source="keywords">NPEP</keyword>). The BJP declared the highest income from unknown sources among the national parties at Rs 1,400 crore or 76.39 per cent of the total amount. The Congress declared an amount of Rs 315.11 crore (17.19 per cent). The BSP has declared that it did not receive any funds from voluntary contributions -- above or below Rs 20,000, sale of coupons or electoral bonds, or unknown sources of income, the ADR said. Though the amount of donations from electoral bonds has been highlighted for the national parties, state parties also get a substantial amount of money from electoral bonds, the NGO noted. Between the financial years 2004-05 and 2022-23, the national parties collected Rs 19,083 crore from unknown sources, it said. On its latest analysis for the financial year 2022-23, the ADR said among these unknown sources, the major contributor was income from electoral bonds, constituting a "massive 82.42 per cent of the total income from unknown sources". Further scrutiny revealed that out of the total income from unknown sources, Rs 1,510 crore came from electoral bonds, it said. In addition, the Congress and the CPI(M) have also declared a combined income of Rs 136.79 crore from the sale of coupons, constituting 7.46 per cent of the income from unknown sources, its analysis showed. The BSP received Rs 29.27 crore from other known sources of income which included bank interest (Rs 15.05 crore), membership fees (Rs 13.73 crore), gain on sale of immovable property (Rs 28.49 lakh) and interest on income tax refund for 2021-22 (Rs 20.65 lakh), the organisation said. The total income of the six national political parties in the financial year 2022-23 is Rs 3,076.88 crore, it said. Donations from voluntary contributions below Rs 20,000 formed 10 per cent of the income from unknown sources, totalling Rs 183.28 crore. Currently, political parties are not required to reveal the names of individuals or organisations giving less than Rs 20,000. The ADR has suggested stringent measures to enhance transparency and accountability in political funding. It advocates for full disclosure of all donors under the Right to Information (RTI) Act and proposes that the mode of payment for all donations, regardless of the amount, be declared in the audit reports submitted to the Income Tax Department and the EC. Moreover, the EC's recommendation to grant tax exemption only to parties contesting and winning seats in elections, along with the disclosure of donors contributing above Rs 2,000, has received support from the ADR. In a landmark verdict delivered last month, ahead of the <keyword id="19895394" type="General" weightage="20" keywordseo="lok-sabha" source="keywords">Lok Sabha</keyword> polls, the <keyword id="19895345" type="General" weightage="20" keywordseo="supreme-court" source="keywords">Supreme Court</keyword> scrapped the government's electoral bonds scheme of anonymous political funding, terming it "unconstitutional" and ordering disclosure of the names of the purchasers, value of the bonds and their recipients.

About 82.4% of national parties' unknown income tied to electoral bonds says poll rights body

New Delhi, The Congress on Monday said its performance in Rajasthan, Madhya Pradesh and Chhattisgarh was disappointing but it was within "striking distance" of the BJP going by the vote share. Congress general secretary <keyword id="42332" type="General" weightage="20" keywordseo="jairam-ramesh" source="Orion">Jairam Ramesh</keyword> said the good vote share of the party in these states is a reason for hope and revival. "It is true that the performance of the Indian National Congress in Chhattisgarh, Madhya Pradesh and Rajasthan was disappointing and far below our own expectations. "But the vote shares tell a story of a Congress that is not very behind the BJP-in fact, it is within striking distance. This is the reason for hope and revival," Ramesh said in a post on X. Giving details, he said in Chhattisgarh while the BJP's vote share was 46.3 percent, that of the Congress was 42.2 percent. In Madhya Pradesh, he said the BJP had a vote share of 48.6 percent while the Congress had 40.4 percent. In Rajasthan, Ramesh said while the BJP had 41.7 percent vote share, the Congress had 39.5 percent. He also posted the tagline of opposition bloc INDIA, which plans to take on the BJP unitedly in the 2024 Lok Sabha elections on X - "<keyword id="19572332" type="General" weightage="50" keywordseo="judega-bharat" source="Orion">Judega Bharat</keyword>, Jeetega INDIA". The BJP swept Madhya Pradesh, Rajasthan and Chhattisgarh on Sunday inflicting a resounding defeat on the Congress to tighten its stranglehold in the Hindi heartland. The Congress ousted the Bharat Rashtra Samithi (BRS) in Telangana to make it 3-1 for the <keyword id="58687" type="General" weightage="50" keywordseo="bharatiya-janata-party" source="Orion">Bharatiya Janata Party</keyword> (BJP) in the latest round of Assembly elections billed as a semi-final before next year's poll showdown.

Cong in 'striking distance' of BJP in terms of vote share: Jairam Ramesh

BJP (bharatiya janata party) Candidate list for Bihar

Actor-turned-politician <keyword id="1518121" type="PERSON" weightage="20" keywordseo="Kushboo-sundar">Kushboo Sundar</keyword> joined <keyword id="1205297" type="COMPANY" weightage="20" keywordseo="The-Bharatiya-Janata-Party">the Bharatiya Janata Party</keyword> here on Monday, hours after she quit the Congress. Speaking to reporters at the joining ceremony, the actor from <keyword id="20154" type="LOCATION" weightage="20" keywordseo="tamil-nadu">Tamil Nadu</keyword> said she had come to the understanding over a period of time that if the nation has to move forward, then someone like Prime Minister Narendra Modi is needed to take the country "in the right direction and to its glory". A national spokesperson of the Congress, she resigned from the party protesting against what she called some leaders' "dictating terms" and "suppressing" her. She was with the DMK before joining the Congress in 2014. Assembly polls are due in Tamil Nadu in the first half of the next year, and the BJP hopes the her induction will be a boost to it. The BJP has long been a marginal force in the southern state where two Dravidian parties, the AIADMK and the DMK, have been the main contenders for power. KR DV DV

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