Month: May 2023

Low interest rates to keep markets flushed with liquidity; here’s what else is in store for 2021

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By: Nikhil Kamath

As the rollercoaster of a year – 2020 – comes to an end, we see ourselves at the peak of a bull market which nobody could have seen coming especially during the March lows. This sheer unpredictability of the capital markets makes it difficult for one to predict what lies ahead but subtle cues for sectors/themes that are poised to excel are there to be seen.

Once the effects of the pandemic were normalised, businesses with greater capital reserves have been able to return to normalcy a lot faster than others but everyone barring a few sectors are on the path to recovery. Some sectors like aviation, hospitality continue to see pain through no fault of their own but sectors like real estate, agriculture which were otherwise dormant segments of the economy are showing signs of resurrection. This structural shift in the economic engine will give investors new avenues to invest.

Looking ahead, low-interest rates which propagate liquidity and high inflation will continue to force money into capital markets. FII inflows, which hit an all-time high in November, will continue to pour into the markets due to the weakness in the dollar as seen in the dollar-cost index. 

At the ground level, consumer-facing sectors, especially discretionary goods and services will continue to be subdued as consumers focus on shoring up their disposable income due to the uncertainty around the short-term effect of COVID and the vaccine. Policymakers have focused on providing funding to targeted sectors which have the ability to spur demand for goods and employment across multiple sectors.

I think the coming year will be less volatile than the last. The pandemic brought with it incredible amounts of uncertainty around which sectors will live through the economic downturn. Markets often overestimate a problem, to begin with, and course-correct with a vengeance.

I believe the Indian Economy possesses immense amounts of growth potential and at the current juncture, finding value in sectors/companies is what one must focus on. It will be prudent at this juncture to focus on inherent fundamentals and ignore most of the noise.

(Nikhil Kamath is the Co-founder and CIO, True Beacon and Zerodha. The views expressed by the author are his own. Please consult your investment advisor before investing.)

Fixed Deposit rule changed by RBI. Premature withdrawal is allowed on FDs up to Rs 1 crore!

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Non-callable Fixed Deposit Rule Change 2023: The Reserve Bank of India has decided to increase the minimum amount for offering non-callable term deposits from Rs 15 lakh to Rs 1 crore. What this means is that all fixed deposits of up to Rs 1 crore shall have a premature withdrawal facility.

Banks provide two types of term or fixed deposits – Callable and non-callable. In callable deposits, premature withdrawal is allowed while in non-callable deposits, it is not allowed.

Further, the banks were also permitted to offer differential rates on interest on term deposits based on the non-callability of deposits (i.e., non-availability of premature withdrawal option) in addition to the tenor and size of deposits.

What has changed

The RBI has decided to increase the minimum amount for offering non-callable fixed deposits to Rs 1 crore.

“The minimum amount for offering non-callable TDs may be increased from Rupees fifteen lakh to Rupees one crore i.e., all domestic term deposits accepted from individuals for amount of Rupees one crore and below shall have premature-withdrawal-facility,” the RBI said in a notification dated October 26, 2023.

“These instructions shall also be applicable for Non-Resident (External) Rupee (NRE) Deposit / Ordinary Non-Resident (NRO) Deposits,” it added.

Also Read: My father got Rs 1 crore after Govt acquired our land. Will I have to pay tax if he buys a flat in my name?

The previous rule said: “Banks shall have the freedom to offer term deposits without premature withdrawal option. Provided that all term deposits accepted from individuals (held singly or jointly) for amount of Rupees fifteen lakh and below shall have premature-withdrawal-facility.”

The above has now been revised to: “Banks shall have the freedom to offer term deposits without premature withdrawal option. Provided that all term deposits accepted from individuals (held singly or jointly) for amount of Rupees one crore and below shall have premature-withdrawal-facility.”

The premature withdrawal option on deposits up to Rs 1 crore will also be available to NRE/NRO account holders.

“Banks shall have the freedom to offer NRE / NRO term deposits without premature withdrawal option, provided that all NRE / NRO term deposits accepted from individuals (held singly or jointly) for amount of Rupees one crore and below shall have premature-withdrawal-facility,” the RBI said.

Global Markets: Dollar dishes the pain as selloff rumbles on

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Investors pedalled into another cycle of selling on Thursday as the dollar tightened its stranglehold on currency markets, recession fears sapped stocks and bonds suffered more interest rate pain.

Europe’s morning was rough. The STOXX 600 share index was still down 1.3% having opened 2% lower and both the euro and the pound, hammered over the last week by UK debt concerns, were struggling again.

Gilt selling had also resumed a day after the Bank of England had dramatically intervened to try and quell the storm surround the UK government’s new spending plans.

“The market wouldn’t mind some stability, it has become a little bit unpredictable,” said Barings Investment Institute’s Chief European strategist, Agnes Belaisch.

Also Read: US Stocks: Futures fall on growing worries of economic downturn

She said investors were now seeing “incoherence” in the UK with government spending as the BoE tries to rein in inflation, while everywhere else the focus is on how high central banks are prepared to go with interest rates.

Germany’s 10-year government bond yield, the benchmark of the euro zone, jumped as high as 2.27%, as pacey numbers from North Rhine-Westphalia pointed to a double-digit inflation figure for the country as a whole shortly.

The UK 10-year gilt yield, which drives UK borrowing costs, rose 15 bps to 4.16% after falling almost 50 bps the day before due to the BoE’s sudden intervention, although the 30-year yield being targeted by the central bank did see another dip.

UK Prime Minister Liz Truss defended her new economic programme that has sent sterling to a record low this week and left the UK’s borrowing costs close to Greece’s – saying it was designed to tackle the difficult situation Britain was now in.

“We are facing difficult economic times,” Truss, who only took over as UK Prime Minister this month, said on local BBC radio. “I don’t deny this. This is a global problem. But what is absolutely right is the UK government has stepped in and acted.”

‘BIT OF A MESS’Zooming back out, it was still about the dollar which has crushed currencies virtually everywhere this year, as well as the impact of Russia’s invasion of Ukraine.

Speaking with reporters in London on Wednesday, veteran Federal Reserve policymaker Charles Evans gave no indication that any of the recent FX and bond market drama would blow the U.S. central bank off its rate hike course.

“We just really need to get inflation in check,” Evans said, backing lifting the Fed’s rates – now at 3%-3.25% – to a range of 4.5%-4.75% by the end of the year or March.

Thursday’s moves saw the U.S. dollar index, which measures the currency against sterling, the euro and four other peers, rise back towards its recent 20-year high again having had its worst session in 2-1/2 years on Wednesday.

Overnight, China’s yuan had fallen again too, although it stayed just off recent post-financial crisis lows, as China’s central bank said stabilising the foreign exchange market was its top priority and on reports of potential FX intervention too.

MSCI’s broadest index of Asia-Pacific shares outside Japan ended the day virtually flat, although Japan’s Nikkei did manage a near 1% rise.

S&P 500 futures pointed to Wall Street falling as much as 1% later with more Fed policymakers also due to speak.

The interest rates investors now get on the government’s Treasury bonds – which are considered virtually risk-free if held to maturity – now dwarf the S&P 500’s dividend yield.

Weekly jobless claims data are expected to show a modest rise, and final economic growth figures for the second quarter are also due. A second estimate of the government last month had shown the economy contracted at 0.6%, a more moderate pace than initially thought.

Recession angst combined with supply issues and the strong dollar meant oil prices see-sawed after gaining more than $3 in the prior session.

Goldman Sachs cut its 2023 oil price forecast this week, citing expectations of weaker demand and a stronger U.S. dollar, but said global supply issues reinforced its long-term view that prices could rise again.

Brent crude futures were last up at $89.82 a barrel, having dropped to $87.33 per barrel earlier, while U.S. crude futures hovered at $82.30 and gold fell 0.6% to $1,649 an ounce.

“It’s all a bit of a mess,” said ANZ economist Finn Robinson.

Global Markets: European stocks set for weekly loss as global economic outlook worsens

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European stocks fell on Friday and Wall Street was set to open lower as investors braced for a U.S. rate hike next week amid more warning signs pointing to a global economic slowdown.

The World Bank’s chief economist said on Thursday he was worried about a period of low growth and high inflation in the global economy. The International Monetary Fund said downside risks continue to dominate the economic outlook but it was too early to say if there will be a widespread global recession.

The downbeat tone continued during Asian trading, with data showing that China’s property sector had contracted further last month.

In the UK, retail sales fell more than expected, in another sign that the economy is sliding into recession as the cost-of-living crisis squeezes households’ disposable spending.

At 1032 GMT, the MSCI world equity index, which tracks shares in 47 countries, was down 0.4% on the day and set for its fourth consecutive day of losses.

Europe’s STOXX 600 was down 1%, set for a weekly decline of 2.3%. London’s FTSE 100 was up 0.2% and Germany’s DAX was down 1.5%.

Also Read: Sensex crashes 2% as bears run riot, 17450 in Nifty would be key level; check support, resistance levels

Wall Street futures were down, with S&P 500 e-minis trading near two-month lows.

“We’re now seeing data confirm that the economy is indeed slowing down,” said Axel Rudolph, market analyst at IG Group.

“I expect stocks to head back down to below their March lows. If you are in an environment where you have central banks that aggressively raise rates, historically this has always led to bear markets.”

Markets were pricing in a 75% chance of a 75-basis-point rate hike and a 25% chance of 100 bps when the Fed meets next Wednesday. The Bank of Japan and Bank of England also meet next week.

Joachim Fels, managing director and global economic advisor at PIMCO, said in a note that although he expects a “relatively shallow” recession, “it is unlikely to be followed by a V-shaped recovery because sticky inflation will prevent central banks from easing policy in a meaningful way anytime soon.”

The U.S. dollar index was up 0.1% at 109.95, still hovering near a 20-year high, and a touch lower against the yen at 143.23.

The yen could hurtle towards three-decade lows before the year-end, according to market analysts and fund managers.

The dollar’s strength pushed China’s offshore yuan past the 7-per-dollar level for the first time in nearly two years.The pound weakened to a new 37-year low against the U.S. dollar.

The euro was a touch lower at $0.9976. Germany’s two-year bond yields hit a fresh 11-year high after the European Central Bank vice president said an economic slowdown in the euro zone would not be enough to control inflation and the bank will have to keep raising interest rates.

Germany’s benchmark 10-year bond was up 6 bps on the day at 1.787% – having touched its highest since mid-June in early trading.

Oil prices edged higher, but were on track for a weekly drop amid fears of a reduction in demand.

UP: Congress banners hail Rahul Gandhi as ‘2024 PM’, Samajwadi Party sees red

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Congress banners, put up by party worker Nitant Singh Nitin, feature the images of leader Rahul Gandhi and Uttar Pradesh unit chief Ajay Rai, accompanied by the slogan “2024 mein Rahul, 2027 mein Rai, desh-pradesh bol raha hai, haath ke saath aayen” (Rahul in 2024, (Ajay) Rai in 2027, both country and state are asking you to come in support of the hand (Congress symbol)).

#WATCH | Uttar Pradesh | A banner hoarding, portraying party MP Rahul Gandhi as the PM in 2024 and state Congress chief Ajay Rai as CM in 2027, comes up near the party office in Lucknow. The poster has been reportedly set up by a party worker. pic.twitter.com/YVmJIzR9B3

— ANI (@ANI) October 26, 2023

Nitin, in response to inquiries about the banner, told PTI, “This is the feeling of the party workers. Also, the common people want to come along with the Congress in the coming days.”

Also Read:MP Election 2023 | Four-time Chief Minister Shivraj Singh Chouhan eyes fifth stint in two-pronged battle

Nitin added, “There will be a direct contest between Congress and BJP in the coming days and Rahul Gandhi will be the Prime Minister and Ajay Rai will become Chief Minister of the state. There is growing confidence among the people towards our party.”

Senior Congress leader Dwijendra Tripathi clarified that the hoarding was installed by a party worker and represents his sentiments. He stated, “This is a common occurrence in politics and reflects the feelings of party workers.”

Also Read:Gurh Madhya Pradesh Assembly Constituency Election 2023: Date of Result, Voting, Counting; Candidates

In a sharp response, Samajwadi Party state spokesperson Hasan remarked, “Both the Congress and the BJP are indistinguishable, and the Samajwadis have been saying this for a long time. Any party can display posters according to their sentiments.”

He continued, “It is the Samajwadi Party which is fighting the battle for backward, Dalits and minorities. No matter how many posters Congress puts up, the public wants Akhilesh Yadav to be the PM. When an SP chief becomes a PM, an SP leader will become the Chief Minister of UP. The vote share of Congress in UP is less than that of many regional parties,” Hasan said.

Additionally, the poster put up by Hasan conveyed birthday wishes to Akhilesh Yadav, referring to him as the “future Prime Minister of the country,” even though Yadav’s official date of birth is July 1.

In recent times, Akhilesh Yadav has publicly expressed his unhappiness with the Congress over the failure to arrive at a seat-sharing arrangement in Madhya Pradesh and had also referred to UPCC chief Ajay Rai as a “chirkut” (low-level) leader.

(with PTI Inputs)

Power Grid Rating: Buy| A power-packed deal on the cards

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Media reports indicate that power ministry is in talks with Power Grid (PGCIL) to purchase PFC’s 52.63% stake (`144 bn) in REC. Rationale is for PFC to finance power projects through REC stake sale proceeds. PGCIL has sufficient cash and we remain positive on the 1-yr and medium-term transmission spend growth story. But, this is a near-term dampener and could negatively impact FY23e-25e EPS by 3-5%. Dividend yield could also be lower at 4% vs 6% in FY23e.

Good governance history under the scanner: PGCIL has a commendable execution track record and a dominant leadership position in transmission even with private competition being introduced 2013 onwards. NTPC in the past made investments outside the core like fertilisers on ministry directives, but PGCIL has been relatively insulated. If stake purchase news materialises, multiple is likely to get impacted. PGCIL could potentially trade at the lower end of 2-2.2x PB, where it has traded when visibility on T&D capex and rising earnings growth picked up.

Returns and earnings profile to not swing materially: PGCIL has entered a phase of higher free cash flows and raised its dividend payout in the last 12 months. We believe the stake purchased, which is approx. Rs 21/sh, is unlikely to be valued by the market.

FY23E capex targets could see upside based on wins: PGCIL did capex of Rs 14.8 bn in Q1FY23 (up 34% y-o-y), and mentioned while it is targeting Rs 80-85 bn capex for FY23E, it could be higher. PGCIL de-rated consistently for 5 years until 2020 as earnings growth slowed and pvt sector competition picked up. This trend should continue to reverse as capex/capitalisation picks up post FY23e due to transmission capex for renewable energy. Rs 66 bn asset monetisation is planned in FY23E and smart meters $19 bn opportunity is seeing progress. Our PT of Rs 260 values it at 2.2x consol PB Sept’24E – in-line with the 10-yr average. Downside risks: (i) PGCIL losing share sharply in TBCB; and (ii) Stance change in InvIT monetisation or use of proceeds .

US stocks: Wall Street tumbles as inflation data stokes bets of large rate hikes

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U.S. stock indexes fell sharply on Tuesday, snapping a four-day winning streak, after data showed monthly U.S. consumer prices unexpectedly rose in August, cementing bets of a third straight 75-basis-point rate hike from the Federal Reserve next week. All of the 11 S&P sectors declined in early trading, led by a 3.3% slump in the communication services sector. The small cap Russell 2000 index dropped 2.5%.

The S&P 500 growth stocks index, which houses rate-sensitive technology and growth stocks, fell 3% as Treasury yields rose, while its value counterpart lost 1.6%. Mega-cap technology stocks Apple Inc and Microsoft Corp fell more than 2.3% each, while Tesla Inc , Alphabet Inc, Amazon.com Inc and Meta Platforms Inc dropped between 2.7% and 5.6% to weigh the most on the S&P 500 and the Nasdaq.

Also read| JSW Steel, Infosys, Vedanta, Jet Airways, Future Lifestyle, Bharat Forge, KEC International stocks in focus

“The longer term view is pretty clear here, that monetary policy is a very blunt instrument and anybody that thought inflation would start to roll over just because the Fed hiked a couple times is pretty ignorant to the way economics works,” said Doug Fincher, portfolio manager at Ionic Capital Management.Policymakers last week emphasized their determination to keep raising rates until there is a sustained drop in inflation, which has been running at 40-year highs and above the Fed’s target of 2%.

Money markets now see an 81% chance of a 75-basis-point increase in rates and 19% chance of a whopping 100 bps hike by the Fed at its Sept. 20-21 meeting, while expecting rates to peak around 4.28% in March 2023.The dollar, which has risen sharply this year in part due to expectations of aggressive rate hikes by the Fed, erased early morning losses to climb 1%.

Also read| US equities slump after US inflation falls to 8.3%

The gap between yields on the two- and 10-year notes , often seen as an indicator of a looming recession, inverted further. Rate-sensitive bank stocks dropped 2%. At 9:46 a.m. ET, the Dow Jones Industrial Average was down 606.02 points, or 1.87%, at 31,775.32, the S&P 500 was down 94.40 points, or 2.30%, at 4,016.01, and the Nasdaq Composite was down 376.36 points, or 3.07%, at 11,890.06.

The three major indexes had rallied recently as investors took advantage of a sharp drop in stock prices since mid-August that was triggered by concerns over soaring inflation and the impact of tighter monetary policy to curb it.Eastman Chemical slid 5% after the company forecast a downbeat third-quarter profit, citing demand slowdown in consumer durables market, higher costs and a hit from a stronger dollar.

The CBOE volatility index, also known as Wall Street’s fear gauge, rose to 24.97 points.Declining issues outnumbered advancers for a 11.92-to-1 ratio on the NYSE and a 6.29-to-1 ratio on the Nasdaq.The S&P index recorded no new 52-week high and no new low, while the Nasdaq recorded 9 new highs and 62 new lows.

Green Tourism India Conclave 2023: Pioneering Sustainable and Responsible Tourism

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The Green Tourism India Conclave was held on October 19, 2023, at the State Convention Centre in Shillong, the capital of Meghalaya. The conclave was organized by Indian Express Online Media. The Presenting Sponsor of the Conclave was Meghalaya Tourism in association with Incredible India. The Conclave was powered by Odisha Tourism and Arunachal Tourism.

A groundbreaking initiative of Indian Express Online Media, the event focused on the promotion of green and responsible tourism in India, with a particular emphasis on the Northeastern region and Odisha. Distinguished guests, esteemed delegates, and participants came together for a day of insightful discussions, presentations, and also a cultural performance.

The Conclave featured multiple engaging sessions, including panel discussions and presentations focusing on responsible tourism in Megahalaya, the Northeast, Odisha and beyond. Here are some highlights:

Inaugural Ceremony: The event began with an auspicious lamp lighting ceremony, symbolizing unity in the pursuit of green responsible tourism. It was followed by a welcome note from Sanjay Sindhwani, CEO of Indian Express Online Media and insightful addresses by Cyril Diengdoh, Director of Tourism, Government of Meghalaya and Managing Director of the Meghalaya Tourism Development Corporation and Bah Paul Lyngdoh, the Hon’ble Minister of Tourism, Government of Meghalaya.

Bah Paul Lyngdoh, the Hon’ble Minister of Tourism, Government of Meghalaya and the Green Tourism India Conclave’s Chief Guest called for a regional tourism policy for the Northeast. He also wished the participants the very best for the Conclave’s daylong deliberations and praised the reach of Indian Express Online Media which he said “will help reach and publicise this event widely”. The Hon’ble Minister further said, “Tourism can become a sustainable means of livelihood when we open our doors to visitors to discover this remote part of the country which has so much to offer and so much to discover.” “We are coming up with a new legislation for eco-fragile zones which will stop any construction activity in that area,” he also added.

Cyril Diengdoh, Director of Tourism, Government of Meghalaya, and Managing Director of the Meghalaya Tourism Development Corporation, said, “Responsible Tourism is at the heart of our life. In the Northeast, green tourism, responsible tourism, sustainable tourism is the only way forward.”

Sanjay Sindhwani, CEO, Indian Express Online Media, said, “How do get sustainable tourism into practice? This is the challenge all the stakeholders have to address. These conferences can throw up ideas and create deliberations, but I think the industry and the trade and consumers have to push for change.”

Adventure and Eco-Tourism: The first session, “The Great Outdoors: What Makes the Northeast the Perfect Destination for Adventure and Eco-Tourism,” featured a distinguished panel of experts who shared insights on adventure and eco-tourism in India.


Ecotourism Initiatives in Odisha: Sachin Ramchandra Jadhav, Director of Tourism, Government of Odisha, presented Odisha’s ecotourism initiatives and how they could be adapted in the Northeast. “This association of Odisha Tourism with the Northeast will pave the way to a fruitful and meaningful cooperation and coexistence and trade between Odisha and Northeast India as far as the tourism sector is concerned,” Mr Jadhav said. “Tourism is an investor-led field and the government’s role is behind the scenes,” he added.

Community Tourism and Homestays: A panel discussion on “Community Tourism and Homestays in the Northeast” explored the successes and challenges of community-based tourism in the region.


Tourism in Meghalaya: Gerald Samuel Duia, General Secretary of the Tour Operators Association of Meghalaya, presented a case study on the challenges and opportunities in tourism in Meghalaya.

Luxury Tourism: The session titled “Luxury Tourism: Is High-Value, Low-Impact Responsible Tourism the Way Forward for the Northeast?” emphasized the importance of sustainable luxury travel.


The Road Ahead: The final session, “Tourism in the Northeast: Opportunities, Challenges, Solutions, and the Road Ahead,” provided valuable insights from experts in the field.

The conclave featured engaging Q&A sessions with the audience, providing an opportunity for participants to interact with the panellists and gain deeper insights into responsible tourism practices.

In closing, Mukesh Singh, Senior Vice President and Revenue Head, Indian Express Online Media, expressed gratitude to all participants and emphasized the importance of continued collaboration in promoting sustainable and responsible tourism.

The Green Tourism India Conclave 2023 is sure to leave a lasting impact, fostering a commitment to responsible tourism practices in India, particularly in the vibrant and ecologically diverse Northeastern region.

Green Tourism India Conclave Microsite Link: https://www.financialexpress.com/events/green-tourism-india-conclave#section-agenda

Rupee falls to new record low on strong dollar, risk aversion in equity markets; may slip to 82 per USD

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The Indian rupee depreciated to fresh record low on Monday amid risk aversion in equity markets, strong US dollar. Investors remain cautious ahead of RBI MPC meeting scheduled later this week. The domestic unit opened at a new record of 81.52 per dollar, down from Friday’s close of 80.99. According to analysts, rupee will tumble as risk-off sentiment takes the dollar index to 113.70 and sterling to 1.0557 against the dollar. Finance Minister Nirmala Sitharaman on Saturday said that rupee ‘held up very well’ against the US dollar in comparison to other currencies. “If any one currency that did not get into the fluctuation of volatility as much as other currencies, it is the Indian Rupee. We have held up very well against the US dollar,” Sitharaman said.

Rupee weakens on sharp rally in dollar index; Buy on dips

Also Read: Share Market LIVE: Bears grip D-St, Nifty slips below 17200, Sensex tanks 550 pts; Reliance ICICI Bank drag

Rupee may fall to 82.50 soon

After hitting a low of 81.22 in the previous session, rupee was seen recovering back to 80.77, probably RBI hammered a few yards of USD. But still, it was seen closing at 80.98 as importers rushed to cover USD. “Amid a liquidity deficit of more than 21,000 crores in the banking system, RBI will have lesser room to step in and curb rates and volatility. Despite the deficit, RBI might have used its reserves as FX storage fell by another $5.22 billion to $545.65 billion. The upcoming RBI’s monetary policy, which is due on the 30th Sep will be important as the announcement on the repo rate hike, cut in CRR, and changes in stance will be watchful,” said Amit Pabari, MD, CR Forex Advisors.

“Nonetheless, currency market players want an early dose of injection to calm down the shaky nerves. However, further strength in the USD globally could not keep the Rupee trading at an exceptionally fine. Overall, we expect the USDINR pair to remain volatile with downside support at 80.50 and strong bullish momentum could not rule out 82.50 levels on the upside,” Pabari added.

INR to range between 79-83 for rest of FY23 on the back of USD strength

“The INR was trading in a range of 79-80 against the USD prior to the September FOMC meeting. After the FOMC meeting, a distinctly more hawkish Fed implied a strengthening dollar. The INR range also had to shift higher which has been supported by RBI interventions. We expect the INR to range between 79-83 for the rest of FY23 on the back of USD strength, risks for CAD remaining wider than usual and limited room for lesser FX interventions and let the INR depreciate gradually to address external imbalances. Some of the favourable factors could be lower crude and other commodity prices and FPI debt flows in case of an announcement of bond index inclusion,” said Suvodeep Rakshit, Senior economist at Kotak Institutional Equities.

Also Read: Harsha Engineers, Britannia, Embassy REIT, Coal India, BPCL, State Bank of India stocks in focus

Dr.ambedkar Nagar -mhow Constituency Madhya Pradesh Assembly Election 2023: Date of Result, Voting, Counting; Candidates

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Dr.ambedkar Nagar -mhow MP Assembly Election 2023 Details: The Election for Dr.ambedkar Nagar -mhow Assembly Constituency in Madhya Pradesh will be held on November November 17. The date of voting and result was officially announced by the Election Commission of India on October 9 . Here are the important details of the Dr.ambedkar Nagar -mhow Constituency Assembly Election 2023 that you should know.

Dr.ambedkar Nagar -mhow Constituency Madhya Pradesh Assembly Election 2023: Voting Date

The Dr.ambedkar Nagar -mhow Assembly Constituency Election 2023 will be held on November 17, as announced by the Election Commission on October 9.

Dr.ambedkar Nagar -mhow Constituency Madhya Pradesh Election 2023: Candidates List

All the major political parties in the fray in Madhya Pradesh, including the Bharatiya Janata Party (BJP) and Congress, will release their candidate lists for the Dr.ambedkar Nagar -mhow Constituency Election 2023 after the Election Commission announces the election schedule.

Why Dr.ambedkar Nagar -mhow Madhya Pradesh Constituency Assembly Election 2023 Important

Dr.ambedkar Nagar -mhow Constituency MP Election Result: What happened in 2018

Usha Thakur, is Bharatiya Janata Party candidate, won the Dr.ambedkar Nagar -mhow constituency in the Madhya Pradesh Assembly elections 2018, securing 97009 votes while 89852 votes were polled in favour of Antar Singh Darbar of the Indian National Congress.

Usha Thakur won with a narrow margin of 7157 votes.

2018 Dr.ambedkar Nagar -mhow Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesUsha ThakurBharatiya Janata Party97009

Candidate List Party Name Votes Gained (Vote %) Usha Thakur Bharatiya Janata Party 97009 (49.86%) Antar Singh Darbar Indian National Congress 89852 (46.18%) None Of The Above None Of The Above 2073 (1.07%) Pradeep Bahujan Samaj Party 1426 (0.73%) Arjun Communist Party Of India (marxist) 1075 (0.55%) Chhaganlal Bhartiya Tribal Party 990 (0.51%) Rajkapoor Verma Independent 852 (0.44%) Usha Thakur Independent 392 (0.2%) Shailendra Sharma Independent 307 (0.16%) Amit Singhal Aam Aadmi Party 218 (0.11%) Smt Maya Verma Janata Congress 203 (0.1%) Ashok Mishra Sapaks Party 170 (0.09%)

Dr.ambedkar Nagar -mhow Constituency MP Election Result: What happened in 2013

In the Dr.ambedkar Nagar -mhow Assembly election of 2013, Antersingh Darbar, who was then with the Indian National Congress, was defeated by Kailash Vijayvargiya of the Bharatiya Janata Party by 12216 votes.

Kailash Vijayvargiya got 89848 votes while Antersingh Darbar got 77632 votes.

2013 Dr.ambedkar Nagar -mhow Assembly Constituency Election Result

Winning Candidate NameParty NameTotal VotesKailash VijayvargiyaBharatiya Janata Party89848

Candidate List Party Name Votes Gained (Vote %) Kailash Vijayvargiya Bharatiya Janata Party 89848 (51.85%) Antersingh Darbar Indian National Congress 77632 (44.8%) None Of The Above None Of The Above 2248 (1.3%) Arun Chauhan Communist Party Of India (marxist) 1092 (0.63%) Premchand Taank Bahujan Samaj Party 870 (0.5%) Onkar Singh Katare Independent 646 (0.37%) Ekrar Khan Independent 326 (0.19%) Nisar Patel Samajwadi Party 187 (0.11%) Ashok Mishra Independent 180 (0.1%) Adhir Paul Independent 143 (0.08%) Shaikh Sharafat Janata Dal (united) 107 (0.06%)