The average for the most well-off 5 percent in urban areas still falls short of Rs 21,000. One percent of India’s population is 14 million. A consuming class of 2 percent of the population would be roughly as large as Belgium and the Netherlands put together. Indians shouldn’t be happy with the statistical reduction in poverty. Growth in industrial demand and a mass market depend on growing purchasing power with the masses. A growth strategy, with special focus on education, making India’s youth employable and generating income at a high level of productivity, is needed
Assembly Elections 2023: Congress’s outreach to OBCs and its promise to carry out a nationwide caste count and remove the 50 percent cap on reservations for SCs/STs and backward classes will first be tested in the assembly polls before the Lok Sabha elections next year. But winning back the OBC vote from BJP won’t be easy
Bengaluru to host a gaming summit: Karnataka IT-BT minister
Typically, banks tend to be prompt in raising rates during a tightening phase but fail to display the same alacrity when interest rates are moving south
The free bus ride will also apply to destinations within 20 km of Karnataka, Chief Minister Siddaramaiah said in Nanjangud, near Mysuru, on Saturday.
The Congress had said that it will implement these schemes if it formed a government in Karnataka. The party stormed into the Vidhana Soudha by winning 135 out of 224 seats winning an absolute majority.
Congress, battling fierce factionalism, is hoping to cover up its weaknesses by fronting Priyanka Gandhi. But the Karnataka victory may just have put it ahead of BJP, which was painting a narrative of replacing Congress in Telangana as the main opposition. KCR, meanwhile, won’t mind the split in anti-incumbency votes
Chris Wood, in his GREED & fear newsletter, praises Prime Minister Modi's emphasis on physical infrastructure development.
MB Patil to handle large & medium industries portfolio.
Governor Thaawarchand Gehlot administered the oath of office and secrecy to the 24 ministers.
Siddaramaiah is in the national capital to discuss matters related to the expansion of his Cabinet and this is his first meeting with Sonia Gandhi after the Congress formed government in the southern state.
Why was there no place for a youngster or a woman in the cabinet sworn in on May 20? Having received overwhelming support from young people, and reached out massively to women voters, why didn’t these two constituencies not find a pride of place in the starting Congress line-up?
The CM gave the assurance in the House, in response to a question raised by former Chief Minister Basavaraj Bommai of BJP, over the delay in allocation of portfolios to the Ministers.
As per the Chief Minister's official schedule, Siddaramaiah will be leaving for Delhi by a special flight at 6:30 pm, and will halt in the national capital tonight.
Until the Karnataka elections, BJP was pushing ahead full steam with a Hindutva agenda spearheaded by its aggressive state president Bandi Sanjay Kumar. But his detractors, mostly ex-TRS and ex-Congress recruits, weren’t convinced this strategy would work. Now the moderates seem to be catching the BJP high command’s attention
The saffron party leader also urged the government to investigate alleged scams or irregularities that took place during the previous BJP and Congress governments, and let the truth come out.
Congress feels ambitious again about tackling BJP head-on and ignored opposition parties crucial for the unity effort. Those wary of a Congress resurgence on their turf stayed away despite being invited. Chasing unity before 2024 polls may be futile and could help BJP polarise the polity even more sharply
"The Aam Aadmi Party (AAP) has tried to change the narrative of the country's politics. If you look at Karnataka polls, the Congress party has won on our manifesto," Kejriwal said.
JD(U) leader Nitish Kumar, RJD's de-facto chief Tejashwi Yadav, former J&K CMs Farooq Abdullah and Mehbooba Mufti, NCP president Sharad Pawar, CPI(M) chief Sitaram Yechury and actor-politician Kamal Haasan were among the Opposition leaders who attended the grand oath-taking event in Bengaluru on May 20.
Siddaramaiah was sworn in as Chief Minister for the second term, along with state Congress president D K Shivakumar as Deputy Chief Minister.
The dynamics of each state is unique. But given how the local leaders helped chart a win in Karnataka, there is a sense that the central leadership may take some action soon to address the factional troubles in Rajasthan.
Calling the newly formed Congress government in Karnataka as "a government of love", he assured that all the five promises made to the people ahead of polls will be implemented.
He also said the people of Karnataka defeated BJPs "hatred and corruption" in the Assembly elections.
Congress Announces Siddaramaiah As The Next Karnataka Chief Minister. He takes oath while DK shivkumar will serve as Deputy CM. Watch the ceremony live.
The Congress government which has been sworn-in today will stand by its commitment to fulfill the promises made ahead of the elections, UPA chairperson Sonia Gandhi said in a video statement. "The Congress party is committed towards the peace and progress of Karnataka," she added.