Election News
India Election Results: Narendra Modi Loses His Majority
India’s Narendra Modi and his ruling Bharatiya Janata Party (BJP) are poised to lose their parliamentary majority, forcing him to rely on political partners to establish a new administration. A shock setback to Narendra Modi, who has dominated Indian politics.
Following a six-week, seven-phase marathon election, the world’s largest election began on Tuesday with the counting of 642 million votes. The final findings should be available early today.
As of Tuesday evening, Modi’s Bharatiya Janata Party (BJP) led in 240 seats, falling short of the 272 required to form a government in the 543-seat lower house and far behind the 303 seats it gained in the 2019 election.
The Congress-led opposition alliance, known as the Indian National Developmental Inclusive Alliance (INDIA), was on track to gain 229 seats, according to the findings.
Indian stock markets fell across the board on Tuesday, registering their worst session in more than four years, as vote trends indicated that Modi’s National Democratic Alliance (NDA) would fall far short of a landslide victory.
Modi had set a target of more than 400 seats for the Alliance, but as of Tuesday evening, it was leading in just about 290, according to Election Commission data collected approximately three-quarters of the way through the election.
Finance Stocks Fall
The NSE Nifty 50 share index fell 5.9%, while the S&P BSE Sensex fell 5.7%, marking the worst loss on election results day since 2004. The stock market crash happened as blue-chip indices climbed to new highs on Monday, with exit polls predicting a considerably wider margin of victory for Modi.
The damage was widespread: 12 of the 13 major indices closed lower, while the domestically focused small- and mid-cap indexes fell 8%. State-run enterprises fell 16.4%, while energy equities fell 12.5%, marking their worst day ever. Finance stocks fell 7.9%, infrastructure fell 10.2%, and real estate fell 9%, marking the worst day since March 2020.
While Modi will win a rare third term in government, his smaller-than-expected mandate means he will have to rely more on his friends for support, which means addressing concerns such as unemployment, inflation, and economic inequality in the world’s most populous country.
“The BJP’s reliance on allies to form the government is a slap in the face,” said Milan Vaishnav from the Carnegie Endowment for International Peace in Washington DC.
“At this point, NDA allies will extract their pound of flesh, influencing not only policy-making but also cabinet makeup. (Previously), the BJP could impose conditions with little consideration for its coalition partners.
India’s High Unemployment
Modi, a strongman leader by temperament, had never had to rely on alliance partners before, and it was unclear how he would handle the situation. “Modi is not known as a consensual figure,” said New Delhi-based political analyst Arathi Jerath. “So, it will be very interesting to see how he manages the pulls and pressures of a coalition government.”
According to political analyst Rasheed Kidwai, populism and welfare measures will “gain currency” as Modi will have to rely on regional politicians who favor such policies, like as N Chandrababu Naidu in Andhra Pradesh and Nitish Kumar in Bihar.
Modi described his alliance’s victory as historic, stating that “we will continue the good work done in the last decade to keep fulfilling the aspirations of people”.
The BJP, which had campaigned on India’s phenomenal economic progress, expanding international reputation, and the party’s Hindu-first policy, has conceded that unemployment had a role in the election.
“Employment is a challenge that we accept, and we are doing our best,” spokesperson Gopal Krishna Agarwal said.
According to the private think tank Centre for Monitoring Indian Economy, India’s jobless rate increased to 8.1% in April from 7.4% in March, up from roughly 6% prior to the Covid-19 outbreak.
Modi came to office in 2014 with the promise of creating 20 million jobs per year, but he has fallen far short of that goal. Despite India’s excellent economic growth of more than 8%, rural misery has intensified as wages decline and food costs rise. Because of this economic boom, the richest 1% of India’s population now controls the majority of the wealth.
Attempts by the opposition to lure the public with promises of affirmative action, larger subsidies, and more jobs gained momentum throughout the campaign, according to analysts. Having previously focused on economic development, he returned to accusing the opposition of favoring minority Muslims at the expense of Hindus.
Source: CTNNews
Election News
Democrats Now Leaderless After Trump Presidential Win
Democrats spent billions of dollars with the legacy media to try and create fear among American voters that Donald Trump posed an imminent threat to democracy; in the end, voters didn’t care. They chose to believe their own eyes and not the rhetoric.
Following Kamala Harris’ decisive loss, the Democrats are now entering a second Trump presidency without a clear leader, a clear plan, or an accord on the reasons for their significant miscalculations in the 2024 election.
Sen. Bernie Sanders, the Vermont independent and former Democratic primary candidate, had warned Harris before Election Day that she was focusing too much on flipping Republican votes and not enough on pocketbook issues. He issued a statement excoriating party leadership.
“It should come as no great surprise that a Democratic Party which has abandoned working class people would find that the working class has abandoned them,” he said. “First, it was the white working class, and now it is Latino and Black workers as well.
While the Democratic leadership defends the status quo, the American people are angry and want change. And they’re right.”
Trump’s promises to impose tariffs on both allies and foes and his threats to American businesses contemplating the relocation of jobs offshore were alluring to union workers.
Alexandra Rojas, the executive director of the far-left Justice Democrats, told AP that the party’s leadership must “accept responsibility for that a second”Donald Trump presidency was once again feasible under their supervision.”
Rojas charged that the Democratic Party is los”ng legitimacy among the everyday people and marginalized communities, who are continuously used as stepping stones to win elections. She also acknowledged that “there are no easy answers for where we as a coun”ry and movement go from here.”
The data indicates that Democrats have” substantial work to do.
Faiz Shakir, the Democratic strategist who oversaw Sanders’ 2020 presidential campaign, is concerned that Sanders’s Democratic Party will fail to engage in the necessary introspection after this catastrophic defeat.
He asserted that “a healthy party is challenging itself to conduct”that type of autopsy and hear what we did wrong.” “I am not even aware that such a process will occur. He asks, “Will the Democratic Party’s well-paid consultant and big-money interParty learn any real lessons from this disastrous campaign?”
“Will they comprehend the political alienation and pain that tens of millions of Americans are currently experiencing?” Do they have any suggestions for how we can confront the Oligarchy, which is gaining economic and political influence at an accelerated pace? It is unlikely, he said.
Source: AP
Related News:
Despite All the Odds, Donald Trump Gets Elected
Election News
Kamala Concession Speech Trends on Google
One day after former President Donald Trump’s historic re-election, Vice President Kamala Harris conceded the presidential race and vowed to maintain unity. Her concession speech trended on Google with over 5 million searches.
“I do not concede the fight that fueled this campaign, but I do concede this election.” She stated, “In our nation, we owe loyalty not to a president or a party, but to the Constitution of the United States.”
Kamala Harris acknowledged that there was no viable strategy for obtaining the presidency even though her speech was not what she intended.
In the center of Washington, DC, Harris delivered a speech at her alma mater, Howard University. Harris expressed her gratitude to the hundreds of campaign workers and volunteers who worked assiduously on her campaign and to the tens of millions of voters who cast their votes for her.
Kamala Harris also stated that the country should unite for a peaceful power transfer despite the agony of losing.
She said, “We must acknowledge the outcomes of this election.” “I conversed with President-elect Trump earlier today and congratulated him on his victory.”
I also informed him that we would assist him and his team during his transition and participate in a peaceful transfer of power.
In the interim, Sen. Bernie Sanders issued a caustic statement regarding the presidential election results, accusing the Democratic Party of having “abandoned” working-class voters. It’s unsurprising that “a Democratic Party that has abandoned working class people would find that the working class has abandoned them.”
Sanders, who secured re-election last night, stated that the party’s white working-class voters were the first to quit and that it now appears that Latino and Black workers are following suit. “The American people are enraged and desire change despite the Democratic leadership’s defense of the status quo,” he stated. “And they’re right.”
Trump and Vance were also congratulated on their electoral victory by former President Obama, who ardently campaigned for Harris in the final stretch before Election Day. This was announced in a statement published today.
“This is obviously not the outcome we had hoped for, given our profound disagreements with the Republican ticket on a whole host of issues,” according to him. “But living in a democracy is about recognizing that our point of view won’t always win out, and being willing to accept the peaceful transfer of power.”
Related News:
Taylor Swift Supports Kamala Harris as a Steadyhanded Leader
Taylor Swift Supports Kamala Harris as a “Steadyhanded” Leader.
Election News
Despite All the Odds Donald Trump Elected 47th President
On Wednesday, Donald Trump was elected the 47th president of the United States, a remarkable turnaround for a former president who refused to concede defeat four years ago.
Trump achieved the 270 electoral votes required to secure the presidency with a victory in Wisconsin. On Wednesday afternoon, he emerged victorious in Michigan, conquering the “blue wall” with Pennsylvania.
On Wednesday afternoon, Vice President Kamala Harris contacted President-Elect Trump to congratulate her and acknowledge his victory in the election. Shortly thereafter, Vice President Biden conversed with Trump to extend his congratulations and invitation to the White House.
Foreign leaders like French President Emmanuel Macron and Israeli Prime Minister Benjamin Netanyahu also phoned Trump.
“I would like to express my gratitude to the American people for the extraordinary honor of being elected as your 47th and 45th president,” Trump addressed a crowd of enthusiastic supporters in Florida before officially confirming their victory.
“Today, you demonstrated unprecedented attendance to secure a victory, and we have endured an immense amount of hardship together,” Trump said. This was truly exceptional, and we will repay you,” he added.
Upon his return to office, Trump will collaborate with a Senate that is now under Republican control, while the House’s governance remains uncertain.
Elon Musk’s Tesla, banks, cryptocurrencies, and the U.S. stock market all surged Wednesday as investors anticipated a smooth election and Trump’s return to the White House.
Trump has pledged to implement an agenda that prioritizes the substantial revamping of the federal government during his second term.
When Trump assumes office on January 20, he will face various challenges, such as global crises testing America’s influence abroad and heightened political polarization.
Trump has pledged to revolutionize nearly every facet of the American government. This encompasses the intention to initiate the most extensive deportation operation in the nation’s history, once more pursue a zero-sum approach to foreign policy, and increase the use of tariffs.
Upon his arrival in Washington in 2017, Trump was unfamiliar with the mechanisms of federal authority. Congress, the judiciary, and senior staff members who acted as guardrails impeded his agenda.
This time, Trump has declared that he will surround himself with allies who will execute his agenda without question and arrive with hundreds of proposed executive orders, legislative proposals, and in-depth policy papers.
-
Politics2 weeks ago
Trudeau Orders Facebook to Block Australian Presser Video
-
Business4 weeks ago
Canada CBC News CEO Catherine Tait Recalled to Parliamentary Committee
-
Celebrity4 weeks ago
Shaun White’s Proposal To Nina Dobrev Was Romantic Gold
-
Tech4 weeks ago
Apple Launches The IPhone Into The AI Era With Free Software Update
-
News3 weeks ago
Pro-Khalistanis Sikhs Attack Hindu Temple in Brampton
-
Food4 weeks ago
Starbucks Is Making A Popular Add-On Free Of Charge