Kejriwal Resigns As Delhi CM, Atishi Stakes Claim To Form Government

Kejriwal Resigns As Delhi CM, Atishi Singh Stakes Claim To Form Government

by Hemanta Pande

Kejriwal Resigns As Delhi CM, Atishi Stakes Claim To Form Government

New Delhi, Sep 17: Aam Aadmi Party (AAP) national convenor Arvind Kejriwal resigned as Delhi Chief Minister on Tuesday and the party’s newly-elected legislative party leader Atishi has staked claim to form the new government.

Kejriwal tendered his resignation letter to Delhi LG Vinai Kumar Saxena.

Talking to reporters, AAP leader and Delhi minister Gopal Rai said that Kejriwal had stated after getting bail in the Delhi excise case that he will take the post of Chief Minister only after he gets a renewed mandate from the people of Delhi in the assembly poll.

“Accordingly he gave his resignation. AAP MLAs met in the morning and elected Atishi as their leader. We have conveyed this to the LG. Atishi has staked claim to form the government. We have requested that the date of swearing is decided at the earliest so that works related to the two crore residents of Delhi are taken forward,” he said.

Rai said the new government will work to protect the initiatives taken by Kejriwal for the people of Delhi.

Kejriwal was released from Tihar Jail in the national capital on September 13 after the apex court granted him bail the Delhi excise policy case.

The apex court also imposed certain conditions for Kejriwal's release, including that he must refrain from making public comments about the case and must attend all hearings before the trial court unless exempt.

The current term of the Delhi Assembly will end on February 11, 2025. The last assembly election in Delhi was held on February 8, 2020. AAP leaders have said that the assembly polls in Delhi should be held with those in Maharashtra and Jharkhand later this year. (ANI)

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Series Of Bomb Attacks Rock Bhubaneswar

by Utkalika Mohanty

Bhubaneswar, Sept 19: A series of blasts rocked Bhubaneswar late last night, leaving one youth injured.

According to reports, three blasts occurred in two locations under the Capital Police station limits.

A 15-year-old Rahul Nayak was seriously injured in the incident. Rahul has sustained injuries on his legs and back.

Preliminary investigations suggest that the blasts were triggered by two persons who came on a bike and threw bombs wrapped in bags.

CCTV footage has captured the suspects fleeing the scene after throwing bombs.

On being informed, police reached the spot and started an investigation into this matter.

Further details are awaited.

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India Becomes 6th Largest Market In Global MSCI IMI Index, Surpasses China

by Utkalika Mohanty

New Delhi, Sep 19: In yet another feat to India’s growing clout in the world economy, the country has become the sixth-largest market in the MSCI All Country World Investable Market Index (ACWI IMI), surpassing China.

The global index tracks capital market performance across the world. The index includes large- and mid-cap stocks and is a more inclusive version of the widely tracked MSCI ACWI Index.

India’s weight in the MSCI ACWI IMI stood at 2.35 per cent in August, 11 basis points higher than China’s 2.24 per cent. India trails France marginally, by just three basis points. China's weight has fallen by half since peaking in early 2021, while India’s weight has more than doubled during this period.

Earlier this month, strong fundamentals helped India pip China in the MSCI Emerging Market (EM) IMI to become the largest weight. The MSCI Emerging Markets IMI captures large, mid and small cap representation across 24 Emerging Markets (EM) countries.

India’s new position as the top emerging market in the MSCI EM IMI, along with the sixth-largest weight in the MSCI ACWI IMI, highlights the country’s growing prominence on the world investment map. There is financial stability and the growth momentum in the economy continues to be strong.

Other reasons include a high growth rate, stable government, reduction in inflation and financial discipline by the government.

As per a note by global brokerage Morgan Stanley, “India will continue to gain share due to market outperformance, new issuance, and liquidity improvements”.

Jonathan Garner, Chief Equity Strategist for Asia and Emerging Markets at Morgan Stanley, said that India’s nominal GDP growth rate is “currently in the low teens, more than three times higher than China’s”.

India remains its top preference in the EM region, and its second choice in the Asia-Pacific. However, the country's weight in the EM index could have some more distance to travel before it peaks.

As per market watchers, the Indian economy continues to do well and the macros are improving as indicated by the 47 per cent growth in foreign direct investment (FDI) in the April-June period in FY25.

--IANS

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Himesh Reshammiya's Father, Veteran Music Director, Vipin Reshammiya Passes Away

by Utkalika Mohanty

Mumbai, Sept 19: Vipin Reshammiya, veteran music director and father of singer Himesh Reshammiya, has passed away at the age of 87.

He breathed his last on Wednesday at 8:30 PM at Kokilaben Dhirubhai Ambani Hospital in Mumbai, where he had reportedly been admitted due to breathing difficulties and age-related health complications.

As per sources, his last rites will be conducted today in Juhu, where his mortal remains will first be brought home.

The music fraternity, alongside family and friends, is expected to gather to pay their final respects to the veteran composer.
Vipin Reshammiya's musical contributions are well-remembered, including his work on films that helped shape the careers of many artists in the industry.

(ANI)

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Kejriwal Resigns As Delhi CM, Atishi Stakes Claim To Form Government

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