VOTE OF NO CONFIDENCE
Nepal's PM Prachanda loses trust vote; KP Sharma Oli set for comeback
Nepal's PM Prachanda loses power after failing confidence vote, paving way for KP Sharma Oli to take over. New coalition government to be formed with Nepali Congress. Political alliances shift in the country's leadership change.
Nepal PM Pushpa Kamal Dahal 'Prachanda' loses vote of confidence in Parliament
Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' lost a vote of confidence in Parliament after the Communist Party of Nepal-Unified Marxist Leninist (CPN-UML) withdrew support for his government. The CPN-UML withdrew support after inking a power-sharing deal with the Nepali Congress, with a combined strength of 167, exceeding the 138 required for a majority in the lower house.
Hemant Soren wins trust vote in Jharkhand assembly
Jharkhand Chief Minister Hemant Soren successfully won the trust vote during a special one-day assembly session on Monday. Following this, sources indicated that a Cabinet expansion is likely to occur. Soren, who was sworn in as the 13th Chief Minister on July 4 after securing bail from the Jharkhand High Court, convened a meeting with INDIA bloc leaders and MLAs to discuss the expansion plans.
It's France's moment of truth. Here's how its snap elections work and what comes next
French voters are deciding in a crucial parliamentary runoff with the potential for a far-right government or a hung parliament. The complex voting system and strategic moves by parties add uncertainty to the outcome. The implications of the far-right rise and possible cohabitation with Macron could reshape French politics.
Rivian jumps 36% as $5 bln Volkswagen investment signals 'vote of confidence'
The investment is set to reinforce Rivian's dwindling cash reserves, push the startup nearer to profitability, and enhance its competitive stance in a market led by Tesla. As part of the agreement, Rivian will establish a joint venture with Volkswagen that is equally managed by both companies. This partnership will involve sharing electric vehicle architecture and software, which could later be utilized by Volkswagen's brands such as Audi, Porsche, and Lamborghini.
People gave vote of no-confidence in him: Cong before Modi's first Varanasi visit since polls
Congress general secretary Jairam Ramesh also posed a set of nine questions to the prime minister on issues concerning his constituency and asked why they have not been addressed.
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France President Macron dissolves French parliament, calls a snap election after defeat in EU vote
The announcement came after the first projected results from France put the far-right National Rally party well ahead in the European Union's parliamentary elections, handing a chastening loss to Macron's pro-European centrists, according to French opinion poll institutes.
Millions will vote on Europe's super Sunday, with surveys suggesting a shift to the right
Voters across 20 European nations are casting their ballots in the EU election super Sunday, with concerns over a potential shift to the political right impacting the bloc's decision-making amidst ongoing conflicts and rising anti-migrant sentiment. Populist parties are expected to make gains, potentially reshaping the European Parliament's dynamics. The elections mark a pivotal moment for the EU's future trajectory and international relationships.
RBI's proposed digital payments intelligence platform will mitigate frauds, say experts
The Reserve Bank's proposal to establish a digital payments intelligence platform aims to combat fraud and enhance consumer trust. A committee led by A P Hota will assess the creation of this platform, leveraging advanced technologies to mitigate payment fraud risks.
Chandrababu Naidu wants Lok Sabha Speaker seat for TDP: What’s so special about this demand?
Chandrababu Naidu likely seeks the Speaker of the Lok Sabha position for a Telugu Desam Party (TDP) MP now that the NDA has been re-elected. Despite not raising the demand in the NDA meeting, Naidu recognizes the Speaker's strategic importance, especially given the government's tight majority and potential no-confidence motions.
BJP wins more vote share in urban India, but it's a different tale in the rural
Lok Sabha election results highlighted the Bharatiya Janata Party's dominance in urban areas, securing 40.1% of the vote compared to Congress' 21.4%. However, BJP's share dipped in semi-urban and rural regions. The NDA fell short of the 400-seat target, winning 293 seats, while the INDIA bloc, led by Congress, secured 232 seats. Notably, the BJP faced challenges in Uttar Pradesh and southern India. The term of the 17th Lok Sabha concludes on June 16, 2024.
Lok Sabha Election Results 2024: From Dhruv Rathee to RCB, check out Hilarious memes that will make your day
As the numbers rolled in, social media exploded with memes and reactions. People across platforms like X (formerly known as Twitter) and Instagram were quick to comment on the BJP's unexpected performance. Memes about the "400 Paar" slogan not hitting the mark were everywhere, showcasing the internet’s knack for humour even in serious political moments.
Violence mars Mexico vote as country prepares to elect first woman president Claudia Sheinbaum
Mexico's largest-ever elections have also been the most violent in modern history, with the killing of 38 candidates. The deadly violence has stoked concerns about the threat of warring drug cartels to democracy. On Sunday, two people were killed at polling stations in Puebla state.
Indian rupee, bonds expected to rally after exit polls signal Modi victory
The Indian rupee and government bonds are likely to strengthen following exit polls favoring Prime Minister Narendra Modi's National Democratic Alliance, potentially boosting market sentiment.
Exit polls predict 'Abki baar 350 khatakhat paar': How BJP retained ground
Exit polls indicate Prime Minister Narendra Modi is likely to secure a third term for the National Democratic Alliance (NDA), with predictions of comfortably crossing the 350-seat mark.
Exit Polls: Top D-Street voices echo continuation of policy reform in Modi 3.0
Exit polls indicate a clear advantage for the BJP-led NDA faction. Experts foresee a continuation of reform policies in PM Modi's third term.
Inclusive growth should be priority of government: Vijay Shekhar Sharma, Paytm
Vijay Shekhar Sharma, MD of Paytm, emphasizes the importance of economic growth reaching every corner, urging the next government to prioritize this focus.
Nepal PM Prachanda wins vote of confidence in Parliament
Nepal Prime Minister Pushpa Kamal Dahal 'Prachanda' has won a vote of confidence in Parliament, his fourth within 18 months of taking office. The vote came after the main Opposition Nepali Congress boycotted the voting process and chanted slogans against Deputy Prime Minister and Home Minister Rabi Lamichhane, accused of misappropriation of cooperative funds. The government required at least 138 votes to win the vote of trust.
"Confident that the people of Maharashtra are going to vote for Mahayuti," says CM Eknath Shinde
Maharashtra CM Eknath Shinde praises PM Modi during voting. Lok Sabha elections in Phase 5 with key leaders contesting. ECI monitors 94,732 polling stations.
Will Nifty hit fresh record high before elections? That depends on these 5 factors
The week may remain lacklustre on the data front as no major economic data releases are scheduled in both the US as well as the Indian market. Indian investors are likely to focus more on the ongoing earnings season as well as stock specific developments. Nifty and Sensex have reached all-time highs driven by US Fed data and expert insights. Key factors that will shape market outlook.
BJP's Haryana govt confident of support from some JJP MLAs
The BJP is confident of securing its government in Haryana, despite JJP and Congress seeking governor's intervention for a floor test of the Nayab Saini-led government. Former BJP ally Dushyant Chautala has written to the governor demanding a floor test in the state assembly, citing recent resignations and withdrawals of support. Congress leader Bhupender Hooda has also sought time from the governor to demand an assembly session to prove the Saini government's majority.
BJP Haryana govt in minority as 3 independents withdraw their support
Three independent MLAs, Sombir Sangwan, Randhir Gollen, and Dharampal Gonder, have withdrawn their support from the Nayab Saini-led BJP government in Haryana, reducing the government to a minority. The BJP had 40 MLAs and six independents, bringing its tally to 46 in the 90-member assembly. With the withdrawal of these three MLAs, the government's effective strength now stands at 43.
India’s record equity valuations a vote of confidence by FPIs: Buch
Sebi Chairperson, Madhabi Puri Buch, applauds FPI's trust in India's growth as local equities peak. Market efficiency enhanced with shorter settlement cycles, reflecting global confidence in Indian markets.
Nepal PM Prachanda wins vote of confidence in Parliament
Nepal Prime Minister Pushpa Kamal Dahal, also known as Prachanda, won a vote of confidence in Parliament with 157 votes in the 275-member House of Representatives. This development follows Prachanda's recent alliance with the Communist Party of Nepal (Unified Marxist-Leninist) after ending ties with the Nepali Congress. It marks the third time Prachanda sought a vote of confidence since assuming the prime ministership in December 2022.
AAP govt wins trust vote, Kejriwal says no party MLA defected
The Aam Aadmi Party government on Saturday won a trust vote in the 70-member Delhi Assembly with Chief Minister Arvind Kejriwal claiming that his party has emerged as the biggest challenger to the BJP, which "wants to crush it by any means". Kejriwal, who is also the national convener of the AAP, won the confidence motion with the support of 54 MLAs and said no legislator of his party defected.
Champai Soren-led govt wins trust vote in Jharkhand Assembly
The Champai Soren-led government in Jharkhand has successfully won a vote of confidence on the first day of the two-day assembly session. The MLAs belonging to the ruling JMM-led alliance expressed their confidence in winning the floor test, despite the opposition BJP's belief that the coalition would be defeated.
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