Karnataka Election: कांग्रेस के पापों को माफ नहीं करेगी कर्नाटक की जनताः पीएम मोदी
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Karnataka Election: कांग्रेस के पापों को माफ नहीं करेगी कर्नाटक की जनताः पीएम मोदी
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Karnataka polls: Winner with highest vote share was 77 per cent, lowest 24
Karnataka polls: Winner with highest vote share was 77 per cent, lowest 24
In the recently concluded Karnataka assembly elections, the win by the highest vote share was 77 per cent while the lowest was 24 per cent. Data prepared by the Association for Democratic Reforms states that 44(57%) out of 77 winners with declared criminal cases have won with a vote share of 50% and above.
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Karnataka shows what Modi should most fear ahead of 2019 general elections
As a politician, Indian Prime Minister Narendra Modi is distinguished by his relentlessness. Every vote, every constituency, every election matters. Modi has built his Bharatiya Janata Party into an electoral juggernaut that runs 21 of India’s 29 states; 70 per cent of India’s population is ruled by the BJP at both the state and the federal level.
In some of these states, such as the vast northern territory of Uttar Pradesh, the party swept elections on its own. In others, such as UP’s struggling neighbor Bihar, the BJP stole away one member of the ruling coalition in order to seize power for itself. In yet others, such as the coastal state of Goa, the opposition Congress Party in fact did better than the BJP in the elections only to discover that Modi’s lieutenants were far more skillful alliance-builders.
Last weekend, in the southern state of Karnataka -- home to India’s IT capital, Bangalore -- Modi discovered the limits of this strategy. Karnataka was the last major state ruled by Congress; after a bruising election campaign, the BJP ended up winning more seats in the state assembly, though not quite enough to form an outright majority.
Karnataka poll result surprised markets; limited upside from here: U R Bhat
It is a good performance by the Bharatiya Janata Party (BJP) in the Karnataka Assembly polls and this is being reflected well in the enthusiasm shown by the markets. The upbeat performance at the bourses was warranted, given the surprising outcome.
However, this is as far as the markets will go in the short term. They were already factoring in a good performance – though not exactly a majority – ahead of the poll result. The performance has actually been better than expected.
Going ahead, the markets will now look at domestic and global cues for direction. There are a number of headwinds at the global level that they will have to face now – rising interest rates in the US, geopolitical situation in Iran, crude oil prices and the upcoming US – North Korea meet being some of them. That said, the sentiment will remain upbeat for a few days given the Karnataka assembly election outcome. The Nifty50 can hit 11,000 in the next couple of days.
ALSO READ: Karnataka Election results LIVE updates: Yeddyurappa to meet Modi at 3pm
Earlier, there was a debate that the general elections could be advanced in case the BJP wins in Karnataka. There are chances now that this may happen and we could see a renewed push to the argument to hold general elections alongside the assembly elections in Rajasthan, Chhattisgarh and Madhya Pradesh later this year (2018).
At the current levels, the markets are not factoring in the possibility of the general and assembly elections in these above-mentioned states being held together. BJP forming the government in Karnataka opens the door for an early election, but the markets are not yet factoring that in yet.
ALSO READ: Karnataka election results updates: BJP leads in 118 seats, Congress in 58
Foreign institutional investors (FIIs) will continue to be marginal sellers and this will be compensated by domestic flows. This is how the Indian equity market story will unfold, unless there is a dramatic shift in the economic indicators. Inflation, for now, is under control, GDP (gross domestic product) numbers are reasonably good. It is only the external side where we have a problem in terms of crude oil prices and rupee depreciation. These are two areas that the government will focus now. Once this is fixed, even the FIIs will start coming in.
Karnataka Election LIVE: Let BJP prove majority, Yeddyurappa asks Governor
Karnataka Election Result LIVE updates: Giving Karnataka election outcome a new twist, Sonia Gandhi reportedly rang up HD Kumaraswamy and offered support to the JD(S), with him as the Chief Minister of the state. Incumbent Karnataka Chief Minister Siddaramaiah submitted his resignation to the Governor today. With Modi wave still riding high, the Bharatiya Janata Party (BJP) on Tuesday forged ahead winning 82 seats and leading in 22. The ruling Congress, desperate to retain power in the state amid shrinking appeal nationally, suffered major blows and was ahead only in 28 seats constituencies in the Karnataka Assembly polls, according to trends. It managed to win 50 seats by 4:00 pm. Karnataka Chief Minister Siddaramaiah lost from Chamundeshwari.
In contrast, the BJP's Chief Ministerial face B S Yeddyurappa beat his Congress rival by 35,397 votes in Shikaripura. JD(S) was leading in 10 seats and has won 27 seats so far.
BJP activists and leaders celebrated noisily in both Bengaluru and New Delhi, waving party flags and shouting slogans hailing Prime Minister Narendra Modi, their main vote-getter, and party President Amit Shah.
There were also celebrations outside the residence of Yeddyurappa, who has been Chief Minister earlier too.
Karnataka election results 2018: BJP seen cruising to majority on its own
The Bharatiya Janata Party (BJP) is cruising towards a comfortable majority on its own, the trends so far suggest, opening what BJP President Amit Shah stressed was its gateway to the South. A clear verdict from Bengaluru has implications for the BJP's future prospects in neighbouring Tamil Nadu, Andhra Pradesh, Telangana and Kerala. The mandate would eliminate the much-speculated role of the Janata Dal (Secular) as the kingmaker and put paid to the theories of a coalition government and the larger ramifications for central politics in Delhi.
The trends so far seem to establish Prime Minister Narendra Modi’s position as the first among equals in the BJP and indeed the Sangh Parivar. A clear majority for the BJP will confirm Shah's skills as a poll strategist par excellence because it was the caste equation he formulated by coalescing the core support of the Lingayats with that of the Scheduled Tribes, other backward classes, Brahmins and sections of the Dalits that broke the majority jinx for the BJP.
Modi had unleashed a campaign blitzkrieg in the penultimate phase of electioneering to ramp up his government's achievements, run down the Congress and belie the hyperbole around the welfare schemes of Chief Minister Siddharamaiah of the Congress. The fact that the BJP is surging towards bagging a majority of the rural seats shows that the credibility of the Centre's schemes like Ujjwala, subsidised medicines for the poor, crop insurance, neem-coated urea, Mudra and Jan Dhan has worked much more than Siddharamaiah's Bhagya projects.
It was a Modi- and Centre-dominated election where the BJP's chief-ministerial candidate B S Yeddyurappa was crowded out of the main frame. Even the votes from Yeddyurappa's community, the Lingayats, returned to the BJP largely because of Modi and the prospect of regaining the political power the Lingayats lost in 2013. Readmore
Karnataka verdict a blow to Congress' dream of challenging Modi in 2019
On the cusp of delivering a crushing defeat to the Congress in Karnataka Assembly election 2018, the Bharatiya Janata Party (BJP) on Tuesday was on course to emerge as the largest single party in the state. But the 110-seat halfway mark of the 222 constituencies that went to the polls on Saturday was still eluding the party at the time of filing of this report. Elections to the remaining two seats will be held on May 28.
Interestingly, the Congress led the BJP in terms of vote share by over a percentage point. But, the BJP maximised its winnings in its areas of influence. If the Congress’ vote share was 38 per cent, the BJP's was 36.7 per cent.
The Janata Dal (Secular) proved that prophecies of its demise were premature. The JD(S) was on course to match its 2013 tally of 40 seats, and its vote share was 17.7 per cent, two percentage points less than in 2013. But, with BJP inching towards the majority mark, it seemed the JD (S) could have lost the opportunity to play the kingmaker.
Some of the ministers in the Siddaramaiah government were trailing, including the chief minister himself in one of the two seats in which he contested. He was trailing JD(S)'s G T Deve Gowda by over 27,000 votes in Chamundeshwari, and his defeat looked imminent. He was leading in Badami, the second seat that he contested, by 3,000 votes. The trend of some of the ministers losing suggested that there was anti-incumbency against individual legislators in the Siddaramaiah
A Congress defeat in Karnataka would deal a blow to the hopes the party nurses to challenge Prime Minister Narendra Modi in the 2019 Lok Sabha. The Congress would try to recover some lost ground for the final battle when the Assembly elections to Madhya Pradesh, Rajasthan, Chhattisgarh and Mizoram take place in November-December.