The political landscape in India is heating up as the Bharatiya Janata Party (BJP) makes strategic moves for upcoming state elections. They have appointed key politicians, including Union Ministers and Chief Ministers, as election in-charges for Maharashtra, Haryana, Jharkhand, and Jammu and Kashmir. This comes shortly after their victory in the Lok Sabha elections, although with a slim majority.
Meanwhile, a tragic incident occurred on Monday in Darjeeling, West Bengal, where a goods train collided with the Kanchanjunga Express, leaving 15 dead and at least 60 injured. The collision took place on a busy route connecting Kolkata to Siliguri. Experts are investigating potential contributing factors, including a faulty signal system and the absence of the Kavach safety system.
Turning to the economic front, investors are keeping a close eye on various factors as we approach the Budget 2024 in July. Axis recommends a diverse multi-asset portfolio, including equities, fixed income, and gold, for effective risk management in this dynamic environment.
The stock market is buzzing with speculation surrounding a potential Goods and Services Tax (GST) cut. Delta Corp’s share price has been on the rise, with experts attributing this to the anticipation of a GST reduction that could boost the company’s profitability.
The India Meteorological Department (IMD) has forecast heavy rainfall for Maharashtra and Karnataka, with monsoon expected to arrive in other states by June 27-30. The IMD is monitoring the progress of the monsoon closely.
Finally, former Indian cricketer Virender Sehwag has expressed strong criticism of Pakistan captain Babar Azam’s performance in the ICC Men’s T20 World Cup 2024, questioning his place in the team. The Pakistan team failed to qualify for the Super Eight stage of the tournament.
