The Hindu Business Line : Friday, May 14, 2004

POLITICS
Shell-shocked NDA coalition bows out — Congress emerges as single largest party; to elect leader today
IN an unexpected reversal of fortunes, the Congress and its allies and the Left parties on Thursday handed out a severe drubbing to the BJP-led NDA coalition at the Centre. Proving all the exit polls and the political pundits wrong by a large ... More

LDF makes a clean sweep — Double blow for Karunakaran camp
THE ruling United Democratic Front in Kerala, led by the Congress, suffered a rout in the elections to the Lok Sabha, the results of which were announced on Thursday. The misery of the UDF camp was complete with the defeat of Mr K. ... More

Naveen Jindal wins Kurukshetra for Cong
THE man who fought and won for every Indian citizen the right to fly the national flag, is flying high today. Mr Naveen Jindal, Vice-Chairman and Managing Director of Jindal Steel & Power Ltd (JSPL), has won the Lok Sabha seat from Kurukshetra, . More

Young brigade leads charge
GENERATIONEXT has rocked the vote. Most of the new generation politicians have crossed the Rubicon and won a coveted seat to the Lok Sabha. Leading the exclusive club has been the son of the First Family of the Congress, Mr Rahul Gandhi, who ... More

`Congress keen on reforms'
THE reforms party would go on merrily, no matter which parties join hand with the Congress to form the new Government. Even the Left Front might not be able to be party-spoilers. Or so the Congress feels. "We do not see any problem (with the ... More

Moods of jubilation & despondency
IT was a mood of contrasts at the headquarters of the two main contenders for power at the Centre. While the smell of success was evident early at 24, Akbar Road, the headquarters of the Indian National Congress (INC), a short distance away it ... More

Original reformer set to manage economy
IF basic minimum needs are the barometers to decide the fortunes of a political party in the fiercely competitive game of capturing power, the day of glory has arrived to the original reformer Congress and the working class symbol Communists who ... More

A houseful for star performers
THE glitter of tinsel town has caught the fancy of the electorate. Voters not only came in huge numbers to see their favourite stars from the cinema or television world, but also converted their presence at the rallies into ballots by voting them ... More

Market puts behind its fears
A SENSE of pent up energy waiting to be unleashed permeated the dealing room. Fidgety fingers hovered over terminals as dealers and brokers, phones held close, waited for the zero hour. Number crunching began early in the morning as figures were ... More

What went wrong with NDA-BJP's calculations?
BY afternoon on May 13, it was all over for the BJP-led NDA coalition at the Centre, barring the formality. That formality too was complied with in the evening, with the Prime Minister, Mr Atal Bihari Vajpayee, meeting the President to hand over ... More

DMK-led front sweeps polls in TN, Pondy
THE DMK-led Democratic Progressive Alliance on Thursday swept the Lok Sabha elections in Tamil Nadu and Pondicherry, winning all the 40 seats, riding on the back of a strong double anti-incumbency - against the State Government and the ... More

DMK to decide on joining Govt tomorrow
THE Dravida Munnetra Kazhagam (DMK) will decide on Saturday whether it will participate in the Congress-led Government in the Centre, according to its President, Mr M Karunanidhi. He was addressing a press conference here this evening after the ... More

`Local problems were the deciding factor in TN'
"RELIANCE is up." The stock scroll on TV captures the market reaction. But it is not a businessman tracking the market movement. It is Mr L. Ganesan, the BJP General Secretary, sitting in his party office in the business heartland of T. Nagar in ... More

BJP makes inroads into DK, Udupi districts
THE Bharatiya Janata Party, which managed to win Mangalore and Udupi Parliamentary seats in the elections conducted on April 26, has won a majority of Assembly seats in Dakshina Kannada, Udupi and Kodagu districts. Three ministers in the ... More

Krishna owns responsibility for defeat
SENSING the trend, which became clear from the early hours of the counting, the incumbent Chief Minister, Mr S.M. Krishna, this afternoon submitted his resignation to the Governor, Mr T.N. Chaturvedi. Mr Krishna, who led the Congress (I) ... More

India Inc looks for stability
INDIA Inc does not seem to be perturbed by the change of guard at the Centre, as `stability' of the Government seems to be the buzzword. "Since the mandate is clear, we expect stability in the Government. This would lead to the reforms process ... More

A walk though Dalal Street
THE tone of the day was set at 9:15 a.m. by Mohammed Afiz, taxi driver from Amethi, who said, "Madam jo bhi ho, Congress hi aayega. Amethi ki party hai." (No matter what, the Congress will win, It's Amethi's party.) As Mr Afiz made his ... More

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Film industry unfazed by political changes
"FILM is the cheapest form of entertainment. Film buffs of our country are going to flock to cinema irrespective of the fact whether the Congress makes it or the BJP exists," a comment from an official at Balaji Telefilms sums up the strength of ... More

Will Left be right for reforms, corporatedom asks
THE fine print of Thursday's election results amazed corporate officials on the extent to which the Congress and its allies gained ground. "It's a bit of a surprise," Mr Rahul Bajaj, Chairman, Bajaj Auto Ltd (BAL), said. By noon, the ... More

BJP, Sena lose urban votes but pick a rural flavour
THE poll results from Maharashtra more or less run counter to the trends in rest of the country, with the BJP-Sena, two of the oldest partners, standing the ground effectively though they and the Congress (I)-NCP lost big-ticket candidates like ... More

Veteran done in by Virar ka chokra
IN a major setback to the Bharatiya Janata Party (BJP), one of its senior party members and Union Petroleum Minister, Mr Ram Naik, lost to Congress (I) candidate and Bollywood star Govinda in the Mumbai North Lok Sabha constituency. Mr Naik, a ... More

Krishna's exit unlikely to hit IT growth, say captains
THE exit of the Chief Minister, Mr S.M. Krishna, is unlikely to have any adverse impact on the growth of the industry in the State. "In the wake of the defeat of the Congress in Karnataka, we do not foresee any adverse impact on the IT ... More

Industry in AP relieved by poll verdict
THE industry has heaved a sigh of relief that it won't be a hung Parliament, which could throw the reform process out of gear. For trade and industry bodies in the State, the success of the Congress-led alliance is a windfall as the party has ... More

Dimming the limelight on messiah of small investors
NEITHER the tens of thousands of e-mails, SMSs and recorded telephone messages sent to his voters, nor his 10-member temporary call centre at his election office could save the Mumbai North-East seat for BJP candidate and sitting member of ... More

Boston beats Bhuleshwar in Mumbai South
MUMBAI South sitting MP and Union Minister for Power, Mrs Jaywantiben Mehta, of the BJP has lost to first time contestant, Mr Milind Deora of the Congress (I). Mrs Mehta, the 65-year-old veteran politician, polled 46.55 per cent of the votes ... More

Not a vote against reforms

No setback to liberalisation

E-GOVERNANCE
Kerala Govt call centre to give out information
THE State Government is in the process of setting up a call centre to provide the public with general information on the State Government and its various departments, rules, procedures and so on. The call centre, to be located in ... More

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Looking back
May. 2-May. 8
`MGR regime was considered a golden era'