When Nitish Kumar abandoned the Grand Alliance with RJD and Congress to join the National Democratic Alliance (NDA) in August last year, opinions regarding his decision were divided. Some called it a political masterstroke, others called it a mistake; most were cynical. They felt this was perhaps another one of Kumar’s U-turns in his quest to use realpolitik to maintain power, and it could go either way.Maintaining power, as it is turning out, would be difficult. Once considered to be the Opposition’s pitch for Prime Ministerial candidature, Nitish Kumar now seems to be struggling for seats in a state he has ruled for the past 13 years. Kumar had broken his alliance with the NDA before the 2014 general elections, citing differences with PM Narendra Modi.In the elections that followed, Janata Dal (United), Kumar's party, was trounced by the Bharatiya Janata Party (BJP) and its allies in Bihar, reducing the party to two seats while the BJP garnered 22. This was a change from … [Read more...] about Grand Alliance, NDA or go-it-alone: Options galore, but what is Bihar CM Nitish Kumar thinking?
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UK Foreign Secretary Boris Johnson resigned on Monday night, sending alarm bells ringing across the government. Johnson was the public face during the 2016 Brexit campaign, urging citizens to quit European Union.Johnson was the third high-level resignation in 24 hours.Here’s an explainer on Johnson’s resignation and what it means for the UK government and Brexit:Close Why did Johnson resign? related news Disqualified Karnataka MLAs welcome Supreme Court nod for contesting bypolls Supreme Court to deliver verdict on pleas seeking Rafale judgment review tomorrow Maharashtra government formation: Ahmed Patel, Uddhav Thackeray discuss common minimum programme The immediate reason that Johnson cited for his resignation was UK Prime Minister Theresa May and her Brexit strategy. In a letter, Johnson wrote that May was leading the UK into a “semi-Brexit” and that the Brexit dream was “dying, suffocated by needless self-doubt".Johnson’s reaction … [Read more...] about UK foreign secretary Boris Johnson’s resignation: What has happened so far and what happens next?
The Monsoon Session of Parliament is set to begin on July 18 and will go on for 18 days until August 10. The session is expected to clear pending Bills and Ordinances and introduce new ones.Thirteen Bills were passed in last year’s Monsoon Session, three out of which were Ordinary Bills. Over 34 hours and 29 minutes were spent by both the houses in discussing the Bills.According to Vijay Goel, Minister of State (MoS) for Parliamentary Affairs, there are over 68 Bills pending in Lok Sabha while 40 are pending in Rajya Sabha. Official Lok Sabha and Rajya Sabha websites, however, peg the numbers at 27 and 48 respectively.Close Here are some of the important Bills scheduled to be tabled during the Monsoon Session: related news Supreme Court to deliver its verdict on pleas seeking Sabarimala judgment review tomorrow 'Vodafone India to head for liquidation if Centre does not ease spectrum fees': Report Disqualified Karnataka MLAs welcome Supreme Court nod for contesting … [Read more...] about Monsoon Session of Parliament begins next Wednesday: Here’s what to expect
The industrial production contracted for the second consecutive month, shrinking by 4.3 percent in September with weakness across sectors. In fact, it hit the lowest level of almost eight years.It was much weaker than a poll of analysts conducted by CNBC-TV18 which was pegged at negative 1.9 percent and contraction of 1.4 percent in August.The growth in the mining segment fell to a multi-year low of (-8.5 percent against 0.1 percent MoM). In sync with the slowdown in the economy, manufacturing IIP also contracted by (-3.9 percent against -1.2 percent MoM) led by large sectors.Close From the use-based classification side, capital goods, consumer durables, infrastructure and construction goods, and primary goods led the slowdown, contracting by -20.7 percent (against -21 percent MoM), -9.9 percent (against -9.1 percent MoM), -6.4 percent, and -5.1 percent (against 1.1 percent MoM), respectively. related news With infra in focus, this smallcap stock could double your investment … [Read more...] about Another 50bps repo rate cut likely by March 2020
Abraham C MathewsEvery now and then, the devout are witness to a contest where stakes are so much higher than mere bragging rights; where both sides in the contest have laid equally strong claims to the title, and revealed their opponents’ weaknesses to an equal extent, leaving the final outcome to be decided by some arbitrary factor that just doesn’t feel representative of the contest.Such as the number of boundaries scored during the match!Close If you thought the cricket world cup final earlier this year -- so closely contested that scores were tied at the end of 50 overs, as well as a super over -- should have been jointly awarded to England and New Zealand, wait till you read the judgment of the Supreme Court in the Babri-Masjid Ram-Janmabhoomi (“Ayodhya”) case. related news VHP suggests Amit Shah, Yogi Adityanath be included in proposed Ram temple trust Supreme Court upholds disqualification of Karnataka MLAs, but allows them to recontest The … [Read more...] about Ayodhya verdict: It was the assertion of beliefs that clinched the title