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Mahayuti and MVA Finalize Seat Sharing in Maharashtra

MUMBAI: Maharashtra’s two main political alliances, the ruling Mahayuti and opposition Maha Vikas Aghadi (MVA), have nearly completed their seat-sharing arrangements ahead of the crucial assembly elections scheduled for November 20, 2024. While both coalitions have reached agreements for most constituencies, some seats remain under negotiation.

  • Mahayuti’s Breakdown: BJP Takes the Lead

The BJP-led Mahayuti, comprising the Shiv Sena faction of Chief Minister Eknath Shinde and Ajit Pawar’s NCP, plans to contest about 260 out of the total 288 seats. The BJP will reportedly field candidates in 142 constituencies, with 66 seats allocated to the Shiv Sena (Shinde faction) and 52 seats to the NCP (Pawar faction). Talks are still ongoing to resolve disputes over 28 seats among coalition partners. Union Home Minister Amit Shah is expected to announce the final distribution soon, underscoring the coalition’s confidence in securing a strong mandate.

Also Read:- MNS announces candidates, will compete assembly elections independently

  • MVA’s Seat Distribution: Congress Plays Key Role

In the opposition camp, the MVA, which includes the Congress, Uddhav Thackeray’s Shiv Sena (UBT), and Sharad Pawar’s NCP, has also reached a consensus on its seat-sharing strategy for most constituencies. Congress will likely contest around 110 to 120 seats, while the Shiv Sena (UBT) and NCP are expected to split the remaining seats almost evenly, each contesting around 80 to 90 seats. However, some disputes persist over 25 to 30 constituencies, with Congress state chief Nana Patole stating that any final decision will follow consultations with the party’s high command.

  • Election Dynamics and Key Stakes

This election marks the first major electoral test for both coalitions following significant political realignments. The split within the Shiv Sena and NCP has added new dynamics to the contest. For the BJP, retaining dominance will be crucial, especially after accommodating the NCP faction led by Ajit Pawar. On the other hand, the MVA aims to recover from setbacks faced during the Lok Sabha elections, with Congress looking to build on its recent successes.

With Maharashtra voting on November 20 and results to be declared on November 23, both coalitions are leaving no stone unturned to finalize strategies and candidate lists in the coming days.

Also Read:- BJP Seeks Public Input for Election Manifesto Ahead of Maharashtra Assembly Polls

Will the Ladki Bahin scheme continue ?

Rupee Steady at 84.07 Against US Dollar Amid Market Pressures

MUMBAI: The Indian rupee remained stable at 84.07 against the US dollar on Tuesday, marking the second consecutive session at this level. The currency’s stability comes amidst a backdrop of negative movements in domestic equity markets and persistent outflows from foreign institutional investors (FIIs).

In today’s trading, the rupee opened at 84.06 and fluctuated narrowly between 84.06 and 84.08 throughout the day before settling at the previous closing level. Analysts point to the rupee’s struggle to recover after dipping to an all-time low of 84.10 earlier this month. The ongoing pressure stems from increased selling of Indian equities by FIIs, who are reallocating funds toward markets with more attractive returns, particularly in China.

Additionally, the rise in US Treasury yields and the strength of the US dollar, buoyed by a marginal increase in the dollar index to 103.76, have compounded challenges for the rupee. These factors contribute to a cautious market sentiment as investors monitor economic indicators, including upcoming PMI data from the US.

Brent crude prices have also climbed, now at approximately $74.88 per barrel, further straining the rupee as higher oil prices influence India’s trade deficit. The domestic equity markets faced significant declines, with the Sensex and Nifty falling by over 1% due to investor concerns.

As the financial landscape evolves, market analysts expect the USD-INR spot price to fluctuate within a range of Rs 83.90 to Rs 84.30.(C6N)

Election Countdown: Congress Targets Jharkhand with Strategic Candidate List

As Jharkhand prepares for its crucial Assembly elections, the Congress party has unveiled its first list of 21 candidates, igniting a competitive atmosphere ahead of the polls scheduled for November 13 and 20. The results will be declared on November 23. This announcement comes amid fierce competition from the Bharatiya Janata Party (BJP) and its allies, who are determined to gain ground in the state.

Notable candidates from the Congress list include Ajoy Kumar, a senior party leader and former Lok Sabha MP, who will contest from Jamshedpur East. Kumar, who previously served as the party’s in-charge for Tripura, Odisha, and Nagaland, expressed confidence in his chances, stating, “The Congress is committed to the welfare of Jharkhand’s people, and I aim to address their concerns.”

Finance Minister Rameshwar Oraon, a prominent figure in the Congress, has been nominated for the Lohardaga seat, which is reserved for Scheduled Tribes. Oraon, a former Jharkhand Congress chief, emphasized the party’s focus on development and social justice, saying, “Our aim is to ensure that every citizen benefits from the state’s resources.”

Also on the list is incumbent MLA Shipli Neha Tirkey, contesting from the Mandar constituency. Her father, Bandhu Tirkey, chairs the Congress’s manifesto committee for Jharkhand, highlighting the party’s emphasis on family involvement in leadership roles. Tirkey noted, “I will continue to work tirelessly for the development of my constituency and stand firm against the challenges posed by our opponents.”

The Congress party is currently in an alliance with the Jharkhand Mukti Morcha (JMM), sharing power in the state. In contrast, the BJP recently released its own list of 66 candidates, seeking to reclaim control over Jharkhand, where it is contesting 68 out of 81 seats, partnering with regional parties like the AJSU and JDU.

As the election date approaches, both parties are intensifying their campaigns, with leaders emphasizing their commitment to addressing local issues and promoting sustainable development in Jharkhand.

Maharashtra Assembly Elections: MVA Seat-Sharing Talks Near Finalization

Mumbai: As Maharashtra gears up for the 2024 Assembly elections, key political developments are unfolding among the opposition Maha Vikas Aghadi (MVA) alliance. Senior Congress leader Balasaheb Thorat recently met with Nationalist Congress Party (NCP) chief Sharad Pawar to finalize the seat-sharing agreement within the coalition. These talks, involving Congress, NCP (Sharad Pawar faction), and Uddhav Thackeray-led Shiv Sena (UBT), have reached their final stages, with most of the 288 assembly seats already agreed upon.

According to Thorat, the focus remains on around 50 to 60 undecided seats, with discussions expected to conclude shortly. Congress President Nana Patole indicated that there is no major disagreement among the allies, reaffirming the unity of the MVA amidst rumors of discord. NCP leaders, including Anil Deshmukh, have also confirmed that approximately 15% of the seats are still under deliberation, primarily in the Vidarbha region.

As the MVA finalizes its strategy, Uddhav Thackeray reiterated his willingness to support any chief ministerial candidate proposed by Congress or NCP, emphasizing the need to “save Maharashtra” from the ruling Bharatiya Janata Party (BJP)-led coalition. Meanwhile, the BJP, in alliance with the Eknath Shinde faction of Shiv Sena and Ajit Pawar’s NCP, has already released a list of candidates for the elections, with polling scheduled for November 20 and counting set for November 23.

With only a few weeks left before the elections, both the ruling coalition and the MVA are intensifying their efforts to secure victory in what is shaping up to be a highly contested battle for Maharashtra’s political future

Jharkhand Politics Heat Up: JMM Takes Aim at BJP’s ‘ Outsider’ Strategy

In a pointed critique on social media platform X, the Jharkhand Mukti Morcha (JMM) lambasted the Bharatiya Janata Party (BJP) for favoring outsiders over loyal party workers in the allocation of election tickets. The JMM’s statement implied that dedicated BJP supporters were left with mere flags and bags while those outside the party were prioritized for nominations.

Highlighting Babulal Marandi, the BJP’s state president, the JMM asserted that he is among those who do not truly belong to the party. Marandi’s political history supports this claim: after leaving the BJP to form the Jharkhand Vikas Morcha (JVM), he merged his party back with the BJP in 2020. The JMM pointed to this trajectory to label him a defector and included his name in a list of 36 candidates they allege are outsiders.

In a surprising twist, several BJP leaders, feeling sidelined after being denied tickets, have opted to join the JMM. Prominent figures like former minister Louis Marandi, Laxman Tudu, and Ganesh Mahli—who previously contested against Champai Soren—are among those making the switch. Kunal Sarangi, a former BJP spokesperson and MLA from Baharagora, has also announced his decision to align with the JMM.

In response to the JMM’s claims, Babulal Marandi stated, “The BJP is committed to bringing development to Jharkhand, and my focus is solely on winning the Dhanwar seat.”

The BJP, on the other hand, released its first list of 66 candidates for the upcoming Jharkhand Assembly elections, featuring Marandi from Dhanwar, Champai Soren from Saraikela, and Sita Soren from Jamtara. Champai Soren, now with the BJP, remarked, “I am grateful for the opportunity to serve my constituents again, and I look forward to working for the people of Jharkhand.”

As the political landscape shifts, the implications of these developments will be closely monitored in the lead-up to the elections.

Adani Acquires Orient Cement for ₹8,100 Crore: Key Milestone in Expansion Strategy

Ahmedabad(Gujarat): Ambuja Cements, a subsidiary of the Adani Group, has taken a significant step in its expansion by acquiring a 46.8% stake in Orient Cement Ltd for ₹8,100 crore. This acquisition is crucial for Adani’s vision to achieve over 100 million tonnes per annum (MTPA) operational capacity by FY25, and an ambitious 140 MTPA by 2028.

Orient Cement, part of the CK Birla Group, contributes to this growth with a clinker capacity of 5.6 MTPA and a cement production capacity of 8.5 MTPA. The company also boasts a renewable energy portfolio, including a 95 MW captive power plant and a 10 MW waste heat recovery system, along with a 33 MW renewable energy spread across key Indian states like Telangana, Karnataka, and Maharashtra. These assets offer tremendous growth potential, with Orient’s total cement capacity expected to increase to 16.6 MTPA.

Commenting on the acquisition, Karan Adani, Director of Ambuja Cements, said, “This acquisition marks another significant step in Ambuja Cements’ accelerated growth journey, increasing our cement capacity by around 30 MTPA within two years. By acquiring Orient Cement, Ambuja is poised to achieve its milestone of 100 MTPA operational capacity by FY25, while also positioning itself strongly for further expansion.”

This strategic move not only enhances Adani’s market share in the cement industry but also strengthens its pan-India presence, adding approximately 2% to its existing market share. Additionally, the acquisition is expected to be funded entirely through Ambuja’s internal accruals, maintaining its debt-free status.(Input from agencies)

India and China Agree on Disengagement in Ladakh Border Areas

India and China have reached a significant agreement to de-escalate tensions along the Line of Actual Control (LAC) in eastern Ladakh. The standoff, which began in May 2020 with heightened military activity, had strained bilateral ties between the two nations. Both sides now plan to revert to pre-2020 patrolling norms as part of the disengagement process, aiming to restore peace along the disputed border.

India’s External Affairs Minister S. Jaishankar confirmed that the disengagement would allow both nations to resume patrolling along agreed sectors of the LAC, facilitating a return to the previous status quo. He emphasized that normalizing relations with China hinges on resolving these border disputes. Similarly, Chinese Foreign Ministry representatives expressed optimism, affirming that the solution reflects ongoing dialogue and cooperation between the two countries through diplomatic and military channels.

Indian officials noted that prior disengagement efforts had resolved tensions in various friction points, such as the Galwan Valley and Pangong Lake. However, complete normalization had remained elusive, as some areas continued to see military buildup. With this new agreement, both nations have agreed to maintain stability and explore further ways to ease tensions.

Maharashtra’s Nanded Experiences 3.8-Magnitude Earthquake, No Damage Reported

On the morning of October 22, 2024, a moderate earthquake of magnitude 3.8 struck Nanded district in Maharashtra at 6:52 AM IST, as reported by the National Center for Seismology (NCS). The earthquake’s epicenter was located at 19.38° North latitude and 77.46° East longitude, with a depth of 5 kilometers. Fortunately, no damage or casualties have been reported so far, and local authorities have reassured residents that the situation is under control.

Although this region of Maharashtra is not known for frequent seismic activity, the tremors were felt mildly in and around Nanded, raising initial concerns among citizens. However, the Nanded Disaster Management team confirmed that no infrastructure damage has occurred, and all essential services remain fully operational. The district administration remains on alert, and teams have been mobilized to ensure the safety of residents and assess any potential damage to public property.

Seismologists have noted that while a 3.8 magnitude earthquake is moderate in intensity, it serves as a reminder that even regions not typically prone to earthquakes should not overlook preparedness. Dr. Rajendra Gavit, a prominent geologist, remarked, “Maharashtra may not be a major earthquake-prone zone like regions of North India, but events like these indicate the importance of preparedness, even in areas where seismic activity is uncommon. It is crucial that we educate citizens about safety measures and improve our disaster management systems.”

The National Center for Seismology took to social media platform X (formerly known as Twitter) to inform the public about the earthquake shortly after it occurred. The NCS posted, “EQ of M: 3.8, On: 22/10/2024 06:52:40 IST, Lat: 19.38 N, Long: 77.46 E, Depth: 5 Km, Location: Nanded, Maharashtra.” This prompt update helped calm fears among residents who had experienced the tremors.

Maharashtra officials have also emphasized the need to develop better infrastructure and early warning systems, particularly in districts like Nanded, which have limited experience dealing with such natural events. The absence of casualties or significant damage in this case highlights the importance of maintaining calm and following safety protocols during such occurrences.

In the wake of this earthquake, local authorities continue to monitor the situation, assuring residents that there is no cause for further concern.

Kejriwal’s AAP to Shake Up Maharashtra Polls with Konkan Candidates

As the Maharashtra Assembly elections near, the Aam Aadmi Party (AAP) is weighing its options to contest a limited number of constituencies, particularly in the Konkan region, despite being a part of the I.N.D.I.A. bloc. Led by Arvind Kejriwal, AAP is focused on regions like Sindhudurg, Ratnagiri, and Kolhapur, where the party believes it stands a chance to make an impact, particularly as an alternative to the ruling Bharatiya Janata Party (BJP) and its local leader, Union Minister Narayan Rane.

During a press conference in Sindhudurg, AAP’s Goa unit president, Amit Palekar, hinted that the party might contest a few seats, based on the potential for success and growing local support. He explained that many residents of the Konkan region are dissatisfied with the politics of Rane, accusing him of a “politics of vendetta.” The Rane family, once part of the Congress and now firmly aligned with the BJP, has dominated the political landscape of this region for decades. However, according to Palekar, local people are looking for alternatives to what they perceive as the Rane family’s “language of arrogance”.

Despite being aligned with the opposition I.N.D.I.A. bloc, which includes Shiv Sena (UBT), Congress, and NCP (Sharad Pawar faction), AAP is contemplating fielding candidates independently in constituencies where it believes it has strong support. This move reflects the pressure from AAP’s local workers and supporters, particularly in Kolhapur and Sindhudurg, to challenge the BJP directly.

Palekar emphasized AAP’s commitment to “clean and honest politics,” noting that the party is gaining popularity in these areas because of its message of governance without corruption and its appeal to those frustrated with traditional political parties.

Interestingly, in a bolder move, AAP has announced plans to contest all 36 assembly seats in Mumbai, a key battleground where the party aims to expand its footprint. This decision highlights AAP’s broader ambitions in Maharashtra, as it looks to transition from being a Delhi-centric party to one with national relevance.

The party’s growing presence in Maharashtra, especially in politically significant regions like Mumbai and the Konkan belt, suggests that AAP is positioning itself as a serious contender in state politics, even as it continues to work alongside its I.N.D.I.A. bloc allies.