The Great Indian Political Drama - 1 (Oct 2017 - Mar 2018)

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Aman
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Re: The Great Indian Political Drama - Oct 2017

Post by Aman » Sat Oct 07, 2017 11:46 am

Rahul, except his continuous anti-Modi ji and anti-RSS rants, has contributed nothing really substantial to the forum so far.. Fast becoming a "one trick pony" (with just his one point agenda i.e. his continuous anti-Modi sarkaar drivel) :mrgreen: .. Frankly, getting a bit tiring now..

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Re: The Great Indian Political Drama - Oct 2017

Post by Indrad » Sat Oct 07, 2017 12:45 pm

good analysis by Minhaz Merchant http://www.dailyo.in/politics/narendra- ... 19946.html
Bill Clinton famously declared, "It's the economy, stupid", during his presidential campaign against George H Bush in 1992.

Well, it usually is. Not in India though. The Kargil war, not the economy, won Atal Bihari Vajpayee the September 1999 general election. The Bangladesh refugee crisis won Indira Gandhi the March 1971 Lok Sabha poll even though the economy was lumbering along at 3 per cent a year. Rajiv Gandhi's tragic assassination won the Congress the May 1991 general election despite a bankrupt national treasury.

Will building the Ram temple electrify Prime Minister Narendra Modi's vote base, especially in Uttar Pradesh, in 2019?

Modi is India's most astute politician. He knows that the BJP has lost a great deal of goodwill among the middle-class and the business community. Workers have been hit by the economic slowdown and paucity of jobs. Businesses are struggling with the excruciatingly complex Goods and Services Tax (GST).

Farmers are in distress. Students are in revolt. By any statistical yardstick, Modi should lose the 2019 Lok Sabha election.

There are two reasons why he won't. First, Ram. Second, Rahul.

Let's analyse the second factor first. Rahul Gandhi is likely to be the face of the national mahagathbandan (grand alliance) that will present a united alternative to Modi. The united Opposition will be a mishmash of the Congress, the ideas-bereft Left and Islamist-leaning regional parties such as the SP, RJD, TMC, NCP, NC, JD(S), AIMIM and IUML.

Between them, these 10 UPA partners and UPA-leaners such as the DMK won just 108 seats in the 2014 Lok Sabha election.

If Rahul is smart (a possibility), he will appoint Sachin Pilot and Jyotiraditya Scindia as chief ministerial candidates for Rajasthan and Madhya Pradesh, respectively. The two states are scheduled to hold assembly elections in November-December 2018. Anti-incumbency is growing in both. The Congress has more than a fighting chance in each.

ramtemple690_100717015722.jpg
The Babri Masjid being demolished in 1992.

Rajasthan sends 25 MPs to the Lok Sabha, Madhya Pradesh sends 29. While assembly results are no indicator of Lok Sabha voting trends, the BJP (which won all 25 Lok Sabha seats in Rajasthan in 2014 and 27 out of 29 in Madhya Pradesh) should be worried. After Punjab, these two states could be its next Achilles heel.

Rahul may be mocked by BJP supporters but it would be foolish to underestimate either him or the pull of dynasty in a still-feudal India. Modi is clearly aware of this. Rahul's suit-boot sarkar taunt forced Modi to switch his political strategy from pro-industry to pro-poor.

The tired old Congress-led and -fed ecosystem has come roaring back to life. Left-leaning jholawalas are in full voice - candles lit, open letters to the prime minister in the mail, protests underway, petitions on the ready.

That's where Uttar Pradesh and Lord Ram come in. Modi knew way back in March 2017 that the tide was turning. Winning Uttar Pradesh in a landslide did not make him lower his guard. He knows that winning a large chunk of seats in Uttar Pradesh in 2019 is crucial to retaining power. Hence the appointment of Yogi Adityanath as chief minister.

Adityanath wasn't chosen for his administrative brilliance but for the 24/7 messages he sends out as a Hindu mahant. Adityanath's five-day break to preside over his Gorakhnath math is an early indication. His march against "jihadi violence" in Kerala is another.

Modi also knows that if Mayawati's BSP joins the Congress and rival SP (where Shivpal Yadav and Akhilesh Yadav have called a truce) in a united front against the BJP in UP, the numbers in India's make-or-break state could still go awry.

Electoral math

Party president Amit Shah and Modi have done their calculations for 2019 carefully. The BJP obviously needs to win big in Uttar Pradesh - at least 65-70 seats - or the electoral math in 2019 will not add up.

The BJP won 78 out of 80 Lok Sabha seats in 2014 in Rajasthan (25/25), Madhya Pradesh (27/29) and Gujarat (26/26). These three states will not deliver a similar harvest in 2019.

Maharashtra and Chhattisgarh with 59 Lok Sabha seats between them could be trouble spots too if (in Maharashtra) the Shiv Sena walks out of the NDA before the general election.

All of this explains Shah's tireless efforts in Kerala, the Northeast, Odisha and Bengal. But the numbers here are small except for Assam and Odisha. Bengal and Kerala remain electorally embryonic for the BJP.

The two silver linings are Bihar (where the BJP and JD(U) should sweep over 30 of the state's 40 Lok Sabha seats) and Tamil Nadu (where the AIADMK and Rajinikanth may offer the NDA an electoral cushion).

Will that be enough to give the BJP alone the 350 Lok Sabha seats that Shah has targeted? No.

Will it give the party at least 272 seats? Possibly yes.

Could it fall short of 272? Unlikely, but not impossible.

The must-get NDA (not just BJP) numbers in 2019 are: Uttar Pradesh (65), Bihar (35), Tamil Nadu (AIADMK, 25), Gujarat (20) and Maharashtra (25, excluding Shiv Sena). That totals to 170 in five key states. Add Rajasthan, Madhya Pradesh, Chhattisgarh, Andhra Pradesh (TDP), Odisha, Karnataka and the Northeast and the NDA's tally could struggle to cross 300. Smaller states such as Himachal Pradesh, Haryana, Punjab, Uttarakhand and others will chip in but without a big haul in Uttar Pradesh, the going will be tough for the NDA to reach the comfort zone of 300 Lok Sabha seats.

The Supreme Court will deliver its verdict on the construction of the Ram temple in Ayodhya before the 2019 Lok Sabha polls. Whichever way the verdict goes, Lord Ram holds the key to 2019.

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Re: The Great Indian Political Drama - Oct 2017

Post by abhik » Sat Oct 07, 2017 12:49 pm

The only perfect tax system is no-taxes, else somebody or the other is going to bitch about it.

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Re: The Great Indian Political Drama - Oct 2017

Post by Indrad » Sat Oct 07, 2017 1:12 pm

i m glad gst is some where else on this forum: Rahul Mehta had hijacked this thread with gibberish only he can understand. At moments like this some moderation is needed.

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Re: The Great Indian Political Drama - Oct 2017

Post by Gus » Sat Oct 07, 2017 2:22 pm

Rahul the Mehta - please to have mercy. You are already losing the audience. I confess I am just scrolling over your posts.

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Re: The Great Indian Political Drama - Oct 2017

Post by Singha » Sat Oct 07, 2017 3:06 pm

Rahul Mehta
- do not repeat the same points
- do not try to overcome and 'defeat' people with sheer verbosity
- do not launch personal/org attacks 'modi is x, RSS is y, onlee i am the genius'

failure to do so immediately will regretably lead to suspension of your posting privileges else people will go mad here.

consider this a warning, we are not a free captive audience for you to unload years of pent up rants and ideas on


if you want a global reach and power, take to facebook and twitter and get millions of followers not a minor site like this.

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Re: The Great Indian Political Drama - Oct 2017

Post by Hari Seldon » Sat Oct 07, 2017 3:30 pm

Dalit youth faked attack on himself after being ‘inspired’ by speeches of NGO people (OpIndia)

Can always count on enterprising (or should I say 'mercantilist'?) desis ever willing to piss on India for a few pennies more. So what's new, yawn and all that. Only.

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Re: The Great Indian Political Drama - Oct 2017

Post by Hari Seldon » Sat Oct 07, 2017 3:43 pm

How State Institutions Provide Communities With Incentives To Declare Themselves Non-Hindu (Swarajya)
Minorities get absolute freedom to run educational institutions due to Article 30(1) of our constitution and few other sections. It is an undisputed fact that education is the key to social and economic progress of an individual or community. And unfettered rights to establish and administer educational institutions of choice is an extraordinary instrument available only to minorities to control social and economic development of not just their own group (religion) but those of others as well.

In addition to benefits mentioned above, minorities get a dedicated budget to fund socio-economic schemes based on religion. You can avail a handsome scholarship from grade I all the way to your post-graduation if you are a minority student. And the budget for these schemes only keeps increasing significantly year after year. There are schemes to help finance any entrepreneurial ventures that minorities want to undertake. Easy access to finance can be key to establishing businesses. And availing it can become easy if you are a non-Hindu.

An important point to note here is that, unlike schemes run for caste-based-preferred groups, the distribution of resources in schemes run for religion-based-preferred-groups is perfectly pro-rata. So, even though you can get clubbed with a number of other co-minorities, your share of the redistributed resource is fixed and guaranteed.

The government of India also runs several schemes (such as those under JNNURM and 15-point programs) where areas with high/higher concentration of minorities get special attention from an infrastructure development point of view. So, if you are a minority and are living in an area with a significant population of your religion, you stand a better chance of getting good roads, lighting, schools and so on.
What I was saying the other day. Egregious it is - this institutionalized discrimination against targetedly against the Hindu community.

Nobody expects a level playing field under the psec regimes of INC or other 'secular' parties. But having some hope from the BJP isn't far-fetched (or is it?).

In its last days, UPA sarkar declared jains a minority sect. Wish Modi sarkar could declare arya samaj and arya samajis too as a minority sect.

I'd immediately advise all Hindu run school managements to convert to arya samaj and avail themselves protection from the wanton, open-ended, discretionary and well-established rapacity of state interference. Only.

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Re: The Great Indian Political Drama - Oct 2017

Post by Gus » Sat Oct 07, 2017 3:47 pm

Targeting of adani going on with some rent a crowd in aus. No slogans against local govt but placards say go home adani. :lol:

Expect our presstis to pick it and play it up

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Re: The Great Indian Political Drama - Oct 2017

Post by Singha » Sat Oct 07, 2017 4:09 pm

Hari Seldon wrote:
Sat Oct 07, 2017 3:30 pm
Dalit youth faked attack on himself after being ‘inspired’ by speeches of NGO people (OpIndia)

Can always count on enterprising (or should I say 'mercantilist'?) desis ever willing to piss on India for a few pennies more. So what's new, yawn and all that. Only.
The original fakenews is on cnn but not the khulasa

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Re: The Great Indian Political Drama - Oct 2017

Post by Indrad » Sat Oct 07, 2017 4:57 pm

Gus wrote:
Sat Oct 07, 2017 3:47 pm
Targeting of adani going on with some rent a crowd in aus. No slogans against local govt but placards say go home adani. :lol:

Expect our presstis to pick it and play it up
story done by channel 4 news in Australia.
All major TV anchors have tweeted the link to the full report/video on the channel including sr lawyer P Bhushan
but no one ready to file FIR or take it to 'logical' conclusion in India.
Some how this is being imagined that Adani expansion in business = corruption
Adani = Modi

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Re: The Great Indian Political Drama - Oct 2017

Post by KarthikSan » Sat Oct 07, 2017 6:10 pm

Aman wrote:
Sat Oct 07, 2017 11:46 am
Rahul, except his continuous anti-Modi ji and anti-RSS rants, has contributed nothing really substantial to the forum so far.. Fast becoming a "one trick pony" (with just his one point agenda i.e. his continuous anti-Modi sarkaar drivel) :mrgreen: .. Frankly, getting a bit tiring now..
It took me a minute to figure out that the Rahul mentioned was Mehtaji. The other Rahul's agenda is not much different either :twisted: :lol:

BTW Mehtaji...is Right to Recall still part of your election manifesto?

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Re: The Great Indian Political Drama - Oct 2017

Post by pankajs » Sat Oct 07, 2017 6:48 pm

http://economictimes.indiatimes.com/new ... 987392.cms
Haj subsidy to be abolished gradually: Mukhtar Abbas Naqvi
MUMBAI: The Centre would abolish the subsidy for Haj pilgrims in accordance with a Supreme Court order, Union minister Mukhtar Abbas Naqvi said today.

"A constitutional bench of the Supreme Court had, during the Congress regime in 2012, directed that the Haj subsidy be done away with. Hence, in the new policy, as per the recommendations of a committee, we have decided to do away with the Haj subsidy gradually," he told PTI.

Earlier in the day, sources had said that abolition of the subsidy was among the highlights of a proposed Haj policy drafted by a government committee.

The minority affairs minister, who is on a two-day visit to Mumbai, said the committee also suggested that the money spent on the Haj subsidy be used for the educational empowerment of the Muslim community.

KJo
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Re: The Great Indian Political Drama - Oct 2017

Post by KJo » Sat Oct 07, 2017 6:58 pm

Rahul Mehta, please moderate youself. Please don't force a ban on yourself.

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Re: The Great Indian Political Drama - Oct 2017

Post by Indrad » Sat Oct 07, 2017 7:27 pm

In a very interesting development Adani Sami Pakistani singer who adopted India few years ago organised a concert in Srinagar went full house this evening. He also interacted with many local singers, artists and promised to help them get main streamlined.
Omar Abdullah displaying soreness tweeted pics of an empty house, claiming Adnan has no one to listen to in JK.
Adnan replied back and series of to & fro exchange followed in which Adnan came across as far more patriotic than OA. Also that his show was successful. This bickering over music is perhaps new low http://indianexpress.com/article/entert ... t-4878779/

https://twitter.com/AdnanSamiLive/statu ... 2977835009

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Re: The Great Indian Political Drama - Oct 2017

Post by hanumadu » Sat Oct 07, 2017 7:55 pm

KarthikSan wrote:
Sat Oct 07, 2017 6:10 pm
Aman wrote:
Sat Oct 07, 2017 11:46 am
Rahul, except his continuous anti-Modi ji and anti-RSS rants, has contributed nothing really substantial to the forum so far.. Fast becoming a "one trick pony" (with just his one point agenda i.e. his continuous anti-Modi sarkaar drivel) :mrgreen: .. Frankly, getting a bit tiring now..
It took me a minute to figure out that the Rahul mentioned was Mehtaji. The other Rahul's agenda is not much different either :twisted: :lol:

BTW Mehtaji...is Right to Recall still part of your election manifesto?
At least, Rahul the Mehta ji does his own work. Rahul the Gandhi ji has a retinue to shovel his dirt.

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Re: The Great Indian Political Drama - Oct 2017

Post by sbajwa » Sat Oct 07, 2017 9:56 pm

by Abhik
The only perfect tax system is no-taxes, else somebody or the other is going to bitch about it.
In 1776 when USA became independent it only had excise taxes and nothing else. Each citizen was told to be ready with all of their arms and armament at a minute notice and they became minutemen a 100% volunteer army (no pay or anything else and with their own armament). British attacked and burned down Washington D.C and slowly they realize that in order to be independent taxes must be levied so that army is kept.

Till 1939 USA did not had any intelligence agency., CIA only started during 2nd world war. There was no social security tax or medicare but soon realization dawned that we need to have something for old people.

So for a functioning nation state citizens must work productively and pay taxes. USA has the lowest taxes among all the advanced economies (about 33% of total income)
Last edited by sbajwa on Sat Oct 07, 2017 10:04 pm, edited 1 time in total.

KJo
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Re: The Great Indian Political Drama - Oct 2017

Post by KJo » Sat Oct 07, 2017 10:00 pm

Subramanian Swamy says to abolish taxes. Says that India can get much more from 2G, 3G, 4G spectrum and other means. He might have a point. The whole IT department can be abolished so no evasion.

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Re: The Great Indian Political Drama - Oct 2017

Post by sbajwa » Sat Oct 07, 2017 10:11 pm

by Aman
Rahul, except his continuous anti-Modi ji and anti-RSS rants, has contributed nothing really substantial to the forum so far.. Fast becoming a "one trick pony" (with just his one point agenda i.e. his continuous anti-Modi sarkaar drivel) :mrgreen: .. Frankly, getting a bit tiring now..
Not only Modi his hero seems to be Gurmeet Ram Rahim the rapist baba who got castrated many children so that they can be part of his Harem. He is a Dera Premi much worse than just a Modi hater!

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Re: The Great Indian Political Drama - Oct 2017

Post by Singha » Sun Oct 08, 2017 5:23 am

a medical board has been setup to investigate how both his legal reps have missing testes.
no idea who ratted on them to the cops though.
allegations from 2012 speak of 400 men undergoing the procedure at his advice to "get closer to god"

so i guess none with a viable missile were around his Gufa.

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Re: The Great Indian Political Drama - Oct 2017

Post by Singha » Sun Oct 08, 2017 6:24 am

some deadly pesticide spraying done without protective gear in MH has made farmers lose their vision....supposedly for cotton, but i wonder what else its being sprayed on. scary to think any kind of food crops can be sprayed with anything that people want with no controls in India.
and cows and goats kept for milk will surely be fed the leaves and stems once the crop is harvested or may sneak in and eat on own.
rains will put that into the soil and water table also.

https://www.ndtv.com/india-news/sprayin ... eststories

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Re: The Great Indian Political Drama - Oct 2017

Post by Indrad » Sun Oct 08, 2017 7:34 am

Singha wrote:
Sun Oct 08, 2017 5:23 am
a medical board has been setup to investigate how both his legal reps have missing testes.
no idea who ratted on them to the cops though.
allegations from 2012 speak of 400 men undergoing the procedure at his advice to "get closer to god"

so i guess none with a viable missile were around his Gufa.
sbajwa posted this previously, though it is in punjabi possible to understand. https://www.youtube.com/watch?v=RVmQ1WzNbxE


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Re: The Great Indian Political Drama - Oct 2017

Post by Vrish » Sun Oct 08, 2017 8:15 am

rm was trying to whitewash this baba.goes to show the credibility of his opinion..

http://www.dailymail.co.uk/news/article ... Singh.html

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Re: The Great Indian Political Drama - Oct 2017

Post by kittoo » Sun Oct 08, 2017 8:24 am

Indrad wrote:
Sat Oct 07, 2017 12:45 pm
good analysis by Minhaz Merchant http://www.dailyo.in/politics/narendra- ... 19946.html
Bill Clinton famously declared, "It's the economy, stupid", during his presidential campaign against George H Bush in 1992.

Well, it usually is. Not in India though. The Kargil war, not the economy, won Atal Bihari Vajpayee the September 1999 general election. The Bangladesh refugee crisis won Indira Gandhi the March 1971 Lok Sabha poll even though the economy was lumbering along at 3 per cent a year. Rajiv Gandhi's tragic assassination won the Congress the May 1991 general election despite a bankrupt national treasury.

Will building the Ram temple electrify Prime Minister Narendra Modi's vote base, especially in Uttar Pradesh, in 2019?

Modi is India's most astute politician. He knows that the BJP has lost a great deal of goodwill among the middle-class and the business community. Workers have been hit by the economic slowdown and paucity of jobs. Businesses are struggling with the excruciatingly complex Goods and Services Tax (GST).

Farmers are in distress. Students are in revolt. By any statistical yardstick, Modi should lose the 2019 Lok Sabha election.

There are two reasons why he won't. First, Ram. Second, Rahul.

Let's analyse the second factor first. Rahul Gandhi is likely to be the face of the national mahagathbandan (grand alliance) that will present a united alternative to Modi. The united Opposition will be a mishmash of the Congress, the ideas-bereft Left and Islamist-leaning regional parties such as the SP, RJD, TMC, NCP, NC, JD(S), AIMIM and IUML.

Between them, these 10 UPA partners and UPA-leaners such as the DMK won just 108 seats in the 2014 Lok Sabha election.

If Rahul is smart (a possibility), he will appoint Sachin Pilot and Jyotiraditya Scindia as chief ministerial candidates for Rajasthan and Madhya Pradesh, respectively. The two states are scheduled to hold assembly elections in November-December 2018. Anti-incumbency is growing in both. The Congress has more than a fighting chance in each.

ramtemple690_100717015722.jpg
The Babri Masjid being demolished in 1992.

Rajasthan sends 25 MPs to the Lok Sabha, Madhya Pradesh sends 29. While assembly results are no indicator of Lok Sabha voting trends, the BJP (which won all 25 Lok Sabha seats in Rajasthan in 2014 and 27 out of 29 in Madhya Pradesh) should be worried. After Punjab, these two states could be its next Achilles heel.

Rahul may be mocked by BJP supporters but it would be foolish to underestimate either him or the pull of dynasty in a still-feudal India. Modi is clearly aware of this. Rahul's suit-boot sarkar taunt forced Modi to switch his political strategy from pro-industry to pro-poor.

The tired old Congress-led and -fed ecosystem has come roaring back to life. Left-leaning jholawalas are in full voice - candles lit, open letters to the prime minister in the mail, protests underway, petitions on the ready.

That's where Uttar Pradesh and Lord Ram come in. Modi knew way back in March 2017 that the tide was turning. Winning Uttar Pradesh in a landslide did not make him lower his guard. He knows that winning a large chunk of seats in Uttar Pradesh in 2019 is crucial to retaining power. Hence the appointment of Yogi Adityanath as chief minister.

Adityanath wasn't chosen for his administrative brilliance but for the 24/7 messages he sends out as a Hindu mahant. Adityanath's five-day break to preside over his Gorakhnath math is an early indication. His march against "jihadi violence" in Kerala is another.

Modi also knows that if Mayawati's BSP joins the Congress and rival SP (where Shivpal Yadav and Akhilesh Yadav have called a truce) in a united front against the BJP in UP, the numbers in India's make-or-break state could still go awry.

Electoral math

Party president Amit Shah and Modi have done their calculations for 2019 carefully. The BJP obviously needs to win big in Uttar Pradesh - at least 65-70 seats - or the electoral math in 2019 will not add up.

The BJP won 78 out of 80 Lok Sabha seats in 2014 in Rajasthan (25/25), Madhya Pradesh (27/29) and Gujarat (26/26). These three states will not deliver a similar harvest in 2019.

Maharashtra and Chhattisgarh with 59 Lok Sabha seats between them could be trouble spots too if (in Maharashtra) the Shiv Sena walks out of the NDA before the general election.

All of this explains Shah's tireless efforts in Kerala, the Northeast, Odisha and Bengal. But the numbers here are small except for Assam and Odisha. Bengal and Kerala remain electorally embryonic for the BJP.

The two silver linings are Bihar (where the BJP and JD(U) should sweep over 30 of the state's 40 Lok Sabha seats) and Tamil Nadu (where the AIADMK and Rajinikanth may offer the NDA an electoral cushion).

Will that be enough to give the BJP alone the 350 Lok Sabha seats that Shah has targeted? No.

Will it give the party at least 272 seats? Possibly yes.

Could it fall short of 272? Unlikely, but not impossible.

The must-get NDA (not just BJP) numbers in 2019 are: Uttar Pradesh (65), Bihar (35), Tamil Nadu (AIADMK, 25), Gujarat (20) and Maharashtra (25, excluding Shiv Sena). That totals to 170 in five key states. Add Rajasthan, Madhya Pradesh, Chhattisgarh, Andhra Pradesh (TDP), Odisha, Karnataka and the Northeast and the NDA's tally could struggle to cross 300. Smaller states such as Himachal Pradesh, Haryana, Punjab, Uttarakhand and others will chip in but without a big haul in Uttar Pradesh, the going will be tough for the NDA to reach the comfort zone of 300 Lok Sabha seats.

The Supreme Court will deliver its verdict on the construction of the Ram temple in Ayodhya before the 2019 Lok Sabha polls. Whichever way the verdict goes, Lord Ram holds the key to 2019.
Pretty good analysis indeed. Not sure about MP, but Rajasthan will be lost. This Vashundhrara Raje government has been comatose since day one. The state has been on auto-pilot since day 1. What a tragedy. Such mandate and madam didnt do anything useful out of it. Anyway Rajasthan changes the government every 5 years so consider is a miracle if BJP comes back.

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Re: The Great Indian Political Drama - Oct 2017

Post by navik » Sun Oct 08, 2017 9:48 am

https://thewire.in/185512/amit-shah-nar ... -shah-bjp/

The Golden Touch of Jay Amit Shah
excerpts
The turnover of a company owned by Jay Amitbhai Shah, son of Bharatiya Janata Party leader Amit Shah, increased 16,000 times over in the year following the election of Narendra Modi as prime minister and the elevation of his father to the post of party president, filings with the Registrar of Companies (RoC) show.

Company balance sheets and annual reports obtained from the RoC reveal that in the financial years ending March 2013 and 2014, Shah’s Temple Enterprise Private Ltd. engaged in negligible activity and recorded losses of Rs 6,230 and Rs 1,724 respectively. In 2014-15, it showed a profit of Rs 18,728 on revenues of only Rs 50,000 before jumping to a turnover of Rs 80.5 crore in 2015-16.

The astonishing surge in Temple Enterprise’s revenues came at a time when the firm received an unsecured loan of Rs 15.78 crore from a financial services firm owned by Rajesh Khandwala, the samdhi (in-law) of Parimal Nathwani, a Rajya Sabha MP and top executive of Reliance Industries.

One year later, in October 2016, however, Jay Shah’s company suddenly stopped its business activities altogether, declaring, in its director’s report, that Temple’s net worth had “fully eroded” because of the loss it posted that year of Rs 1.4 crore and its losses over earlier years.

The Wire sent a questionnaire to Jay Shah on Thursday seeking details about the shifting fortunes of Temple Enterprise and his other business ventures, as obtained from RoC filings, which he said he could not immediately respond to as he was travelling. On Friday, however, Shah’s lawyer, Manik Dogra, sent in a response with a warning that criminal and civil defamation proceedings would be launched in the event of “any slant or imputation which alleges or suggests any impropriety on his part.”
a well researched article. worth a read

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