• Bharatiya Janata Party supporters celebrate outside party headquarters in New Delhi as early election results suggest another term for BJP Prime Minister Narendra Modi. Reuters
    Bharatiya Janata Party supporters celebrate outside party headquarters in New Delhi as early election results suggest another term for BJP Prime Minister Narendra Modi. Reuters
  • Nationalist Congress leader Sharad Pawar, whose party is part of the India National Developmental Inclusive Alliance (India), at a press conference in Mumbai as election results are calculated. AP Photo
    Nationalist Congress leader Sharad Pawar, whose party is part of the India National Developmental Inclusive Alliance (India), at a press conference in Mumbai as election results are calculated. AP Photo
  • Kolkata shopkeepers watch election results on their mobile phones inside their shop. Reuters
    Kolkata shopkeepers watch election results on their mobile phones inside their shop. Reuters
  • In Lucknow, Uttar Pradesh, Samajwadi Party supporters celebrate their party's performance in India's national election. AP Photo
    In Lucknow, Uttar Pradesh, Samajwadi Party supporters celebrate their party's performance in India's national election. AP Photo
  • Horses outside Bharatiya Janata Party headquarters in New Delhi on general election results day. Reuters
    Horses outside Bharatiya Janata Party headquarters in New Delhi on general election results day. Reuters
  • Jammu & Kashmir National Conference candidate Aga Syed Ruhullah Mehdi greets supporters outside a vote counting centre in Srinagar, Indian controlled Kashmir. AP
    Jammu & Kashmir National Conference candidate Aga Syed Ruhullah Mehdi greets supporters outside a vote counting centre in Srinagar, Indian controlled Kashmir. AP
  • Bharatiya Janata Party supporters celebrate at BJP headquarters in Bengaluru, southern Karnataka state. EPA
    Bharatiya Janata Party supporters celebrate at BJP headquarters in Bengaluru, southern Karnataka state. EPA
  • Supporters of the Trinamool Congress Party make the victory sign as they celebrate general election results outside the Chief Minister's residence in Kolkata, West Bengal. AFP
    Supporters of the Trinamool Congress Party make the victory sign as they celebrate general election results outside the Chief Minister's residence in Kolkata, West Bengal. AFP
  • Supporters of Trinamool Congress Party with party flags in Kolkata. AP Photo
    Supporters of Trinamool Congress Party with party flags in Kolkata. AP Photo
  • In Bengaluru, supporters of the Bharatiya Janata Party celebrate as election results appear on a big screen. AFP
    In Bengaluru, supporters of the Bharatiya Janata Party celebrate as election results appear on a big screen. AFP
  • Electoral officers hold sealed electronic voting machines inside a vote-counting centre in Mumbai. Reuters
    Electoral officers hold sealed electronic voting machines inside a vote-counting centre in Mumbai. Reuters
  • Congress party supporters cheer as they watch votes being counted on television at their party headquarters in New Delhi. AP
    Congress party supporters cheer as they watch votes being counted on television at their party headquarters in New Delhi. AP
  • An Indian soldier stands guard on the shores of Dal lake outside a vote-counting station in Srinagar. AFP
    An Indian soldier stands guard on the shores of Dal lake outside a vote-counting station in Srinagar. AFP
  • An election official displays an electronic voting machine after unsealing it to count votes in Lucknow. AP
    An election official displays an electronic voting machine after unsealing it to count votes in Lucknow. AP
  • A supporter of Prime Minister Narendra Modi performs rituals next to a cut-out of the BJP leader outside the party's headquarters in New Delhi. AFP
    A supporter of Prime Minister Narendra Modi performs rituals next to a cut-out of the BJP leader outside the party's headquarters in New Delhi. AFP
  • Congress supporters watch the live broadcast of vote counting at the party's headquarters in New Delhi. AP
    Congress supporters watch the live broadcast of vote counting at the party's headquarters in New Delhi. AP
  • A lorry carries speakers that will be set up at the BJP's headquarters on the day of the election results are announced. Reuters
    A lorry carries speakers that will be set up at the BJP's headquarters on the day of the election results are announced. Reuters

Lok Sabha results 2024: Modi claims victory for NDA alliance but his BJP party falls short


Taniya Dutta
  • English
  • Arabic

Indian Prime Minister Narendra Modi claimed victory for his electoral alliance and is on track to form a government, despite his ruling Bharatiya Janata Party being set to fall short of winning a majority itself, as the shock results from India's elections came in on Tuesday.

Counting was still under way on Tuesday evening, with final results expected late in the night or early on Wednesday.

Mr Modi claimed victory for his BJP-led National Democratic Alliance in a speech to party workers in a speech on Tuesday night.

“The people of the country have expressed their trust in the NDA for the third consecutive time. This is an unprecedented moment in the history of India. This is the first time since 1962 that a government got a successive victory for third time," Mr Modi said at the party headquarters in the capital, New Delhi.

“I assure the countrymen that to fulfil their aspirations, we will move forward with new energy, new enthusiasm and new resolves," he said, as party workers chanted his name.

Mr Modi had predicted a victory by landslide before the election and was aiming for a super-majority of 400 seats in the 543-seat lower house of Parliament, the Lok Sabha, for the NDA.

But as results came in from across the world's largest democracy, he appeared to have fallen well short of that goal.

The NDA, consisting of the BJP and other smaller parties, was set to win more than the 272 seats needed to form a government, and therefore provide Mr Modi with a third term as prime minister.

But the main opposition INDIA alliance, led by the Congress party, was performing better than expected. It was ahead in about 235 seats, with smaller parties and independent candidates leading in 18 seats.

Indian Prime Minister Narendra Modi is garlanded by senior Bharatiya Janata Party leaders Rajnath Singh, left, party president J P Nadda, right, and Amit Shah, at the party headquarters in New Delhi, on Tuesday. AP
Indian Prime Minister Narendra Modi is garlanded by senior Bharatiya Janata Party leaders Rajnath Singh, left, party president J P Nadda, right, and Amit Shah, at the party headquarters in New Delhi, on Tuesday. AP

The ruling party, which enjoyed a huge mandate in the past two elections, faced a jolt from opposition parties that slashed its seats in key constituencies, particularly the BJP’s stronghold Uttar Pradesh.

The bellwether state, ruled locally by the BJP, sends 80 representatives to the Lok Sabha.

But with counting ongoing, the NDA was leading in only 36 seats in the state, compared to 43 seats for the INDIA bloc.

The NDA won 64 seats in Uttar Pradesh in 2019, with the BJP alone winning 62.

This year, the Samajwadi Party, a Socialist party popular in the state, was leading in 37 seats in the state.

Smriti Irani, the firebrand BJP leader and Minister of Women and Children Development, lost to Congress’s Kishori Lal Sharma in the state’s Amethi constituency.

Ms Irani defeated Congress leader Rahul Gandhi, who is seen as Mr Modi’s main opponent, in the same constituency in 2014.

In the southern state of Andhra Pradesh, the Telugu Desam Party swept the polls as part of NDA. It is expected to be a crucial player in the formation of a BJP-led government.

The TDP was also leading in the state legislature election, held simultaneously with the parliamentary vote, against the incumbent YSR Congress party.

The BJP achieved its maiden victory in Kerala, the southern Communist-ruled state where actor-turned-politician Suresh Gopi defeated communist candidate V S Sunilkumar in the Thrissur constituency by more than 74,000 votes.

Kerala, which is India’s most developed states and has the highest literacy in the country, has traditionally swung between the left and the Congress.

However, the BJP failed to win a single seat in neighbouring Tamil Nadu, a crucial state with 39 seats.

Mr Modi had made ten trips to the southern coastal state. The BJP has struggled to make inroads in the state that has rejected the party’s hardline Hindu politics. It won only one seat in 2014 but drew a blank in 2019.

Congress Party leader Rahul Gandhi, centre, greets a supporter as he leaves the party headquarters with his sister and party leader Priyanka Gandhi Vadra, in New Delhi. AP
Congress Party leader Rahul Gandhi, centre, greets a supporter as he leaves the party headquarters with his sister and party leader Priyanka Gandhi Vadra, in New Delhi. AP

Congress leader Mr Gandhi, who was contesting in Wayanad in Kerala, won by more than 364,000 votes while defeating Dinesh Pratap Singh from BJP in their bastion of Rai Bareli in Uttar Pradesh.

Mr Gandhi thanked the voters for "saving the country’s constitution”.

He has accused Mr Modi and the BJP of undermining India’s democratic system, damaging law enforcement and the judiciary while targeting journalists and dissenters in a widespread crackdown.

"The country has unanimously told Narendra Modi and Amit Shah that we don't want you running this country," Mr Gandhi told reporters.

The latest results and trends have bolstered the Congress party, which was almost written off by political pundits against the Modi juggernaut that many commentators had claimed was almost invincible under the strongman.

“This is a well fought battle by a combined opposition. This is the first time the opposition came together with the right kind of spirit and the chemistry showed and people realised there was something serious at stake,” Prof Apoorvanand, a Delhi-based political commentator, who goes by one name, told The National.

“It is encouraging to see the return of the idea of Congress which is expansive and accommodative, where all voices can find their place. Rahul Gandhi has encouraged this idea by introducing the element of social justice and economic equality,” he said.

Political analysts have attributed unemployment, inflation and the BJP’s divisive politics and aggressive push for the agenda of Hindu supremacy as the reasons for its dismal performance.

Hinduism forms the majority religious group in India, with about 80 per cent of the population following the faith, but the country has significant numbers of Muslims, Christians and Sikhs.

But since first coming to power a decade ago, Mr Modi’s government has been increasingly pushing the plank of Hindutva – the Hindu hegemony agenda propagated by the right-wing ideology.

Supporters of India's Prime Minister Narendra Modi celebrate election results, in Bengaluru. AFP
Supporters of India's Prime Minister Narendra Modi celebrate election results, in Bengaluru. AFP

The Hindu nationalist leader often invoked majoritarian identity during his poll campaigns where he called Indian Muslims “infiltrators” and “baby producers”, stoking sectarian divides for political gain.

“This is a firm rejection of the BJP to turn Indian democracy into majoritarian, totalitarian state, firm rejection of the anti-Muslim platform that Modi has used to seek mandate for himself and the party,” Prof Apoorvanand said.

“What do we seek from our governance? To manage our economy, to create jobs, opportunities and enhance the wealth of the nation and wellbeing of people. It is a message to do a job expected to do and not engage in cultural renaissance or utopia of Hindu Rashtra,” he said.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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Fund-raising tips for start-ups

Develop an innovative business concept

Have the ability to differentiate yourself from competitors

Put in place a business continuity plan after Covid-19

Prepare for the worst-case scenario (further lockdowns, long wait for a vaccine, etc.) 

Have enough cash to stay afloat for the next 12 to 18 months

Be creative and innovative to reduce expenses

Be prepared to use Covid-19 as an opportunity for your business

* Tips from Jassim Al Marzooqi and Walid Hanna

The biog

Born: High Wycombe, England

Favourite vehicle: One with solid axels

Favourite camping spot: Anywhere I can get to.

Favourite road trip: My first trip to Kazakhstan-Kyrgyzstan. The desert they have over there is different and the language made it a bit more challenging.

Favourite spot in the UAE: Al Dhafra. It’s unique, natural, inaccessible, unspoilt.

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%3Cp%3E%3Cstrong%3ECreator%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%3C%2Fstrong%3E%20Ramez%20Galal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStreaming%20on%3A%20%3C%2Fstrong%3EMBC%20Shahid%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E2.5%2F5%3C%2Fp%3E%0A
The biog

Favourite car: Ferrari

Likes the colour: Black

Best movie: Avatar

Academic qualifications: Bachelor’s degree in media production from the Higher Colleges of Technology and diploma in production from the New York Film Academy

UAE currency: the story behind the money in your pockets
The specs: 2018 Mercedes-AMG C63 S Cabriolet

Price, base: Dh429,090

Engine 4.0-litre twin-turbo V8

Transmission Seven-speed automatic

Power 510hp @ 5,500rpm

Torque 700Nm @ 1,750rpm

Fuel economy, combined 9.2L / 100km

Updated: June 04, 2024, 5:36 PM