What a difference a month makes. When India’s general election got under way on April 19, the popular assumption was that the Bharatiya Janata Party was primed for a third consecutive term in office.
The dominant narrative was that the BJP’s stated target of winning 400 of the 543 seats in the Lok Sabha, as the lower house of Parliament is called, was more than a slogan. Having won 282 and 303 seats in the 2014 and 2019 general elections respectively, Mission 400, as it was called, was daunting but quite possible.
However, with the election having now crossed the halfway mark, the question on the minds of many analysts has changed from “what will the BJP’s margin of victory be?” to “could the BJP actually lose?” This has prompted heated discussions and sweeping predictions on social media as well as some volatility in the stock markets.
It appears the aura of invincibility that once enveloped the governing party has faded in this election, but does that mean the BJP will finish second? Even if nothing can be taken for granted in a democracy, few serious students of politics would go so far as to suggest such an outcome.
That said, the BJP is facing serious headwinds that merit consideration.
One is the lower-than-anticipated turnout in the first four phases of voting. At 66.45 per cent, it is at least two percentage points lower than in 2019’s contest. This may not sound like much, but it translates to a few million fewer votes cast this time around. Lower turnouts usually bode well for governing parties as it suggests a lack of enthusiasm for removing the incumbent. However, BJP insiders are clearly worried that this is a trend that has taken root in several of their strongholds across northern and western India.
Rising temperatures at this time of year have reportedly been another factor behind this low turnout. That said, the weather has played a role in voter turnout since 2004, which was the year India began to hold general elections during the summer months. Another credible theory being discussed is voter apathy. This usually comes into play when the electorate is either unhappy about the leadership contest driving the election or unexcited by it.
Prime Minister Narendra Modi is still hugely popular, but he has been in power for a full decade – a period during which the average Indian has faced myriad economic challenges, ranging from price rises to unemployment. Yet in the eyes of many, the lack of a credible alternative to Mr Modi has been frustrating.
The BJP won’t admit this, but its own election campaign could partly be responsible for some of this apathy. Mission 400, according to some observers, appears to have lulled a sizable chunk of the party’s traditional voters into staying home on the assumption that the result is a foregone conclusion. But to take this proposition further, is it possible that the campaign has scared many swing voters into backing the opposition?
The “India” alliance, a group of 26 parties with the Congress at its core, has fumbled along the way ever since it came together last summer. However, one of its narratives – that has found traction among large sections of the electorate – is that the BJP would change the country’s constitution if it secured a supermajority.
This new constitution, according to Ashutosh, a prominent journalist and political activist, would be framed by those who “believe that affirmative action like reservations will be removed from the constitution if the BJP is back”. With most of India’s population belonging to marginalised sections of society, including “lower caste” and tribal groups, opposition leaders have been driving home this point, with many of them seen holding a copy of the constitution while doing so.
It appears the aura of invincibility that once enveloped the governing party has faded in this election, but does that mean the BJP will finish second?
One of the primary reasons the BJP won big in the previous two general elections was that it found a national theme – such as the economy in 2014 and national security in 2019 – to sway even non-traditional voters, with Mr Modi featuring strongly in its programmes. This year, however, there has not been an overarching selling point for the BJP. In this absence, the India alliance has managed to localise the election, drawing voters’ attention to local candidates and issues, thereby diminishing Mr Modi’s prominence.
All this has forced the BJP to change tack. Instead of making the election a referendum on its own performance over the past decade, it is attempting to shift the focus to the opposition parties by, among other things, targeting their manifestos. In its bid to consolidate the Hindu vote, some leaders in the party have made fiery speeches against the country’s Muslim population. Police in the state of Karnataka opened a case against senior BJP leaders over a social media post that opposition leaders said “demonises Muslims”.
A recurring theme of some of this content is that the India alliance would create policies favouring religious minorities at the expense of the majority. Whether such tactics serve the BJP well is open to question, but it is amply clear that there is concern among its top ranks. And yet those who believe that defeat could be staring the party in the face should consider some hard numbers.
The opposition’s success in this year’s election rests on its ability to breach the BJP’s strongholds, especially in the north and west of India. What makes these constituencies particularly difficult to win is that in 2019, the BJP secured more than 50 per cent of the vote in more than 200 of them.
In other words, the India alliance has a lot of ground to cover for it to win any of these seats, without which it cannot come to power. It is also important to remember that 2019 was not a one-off success for the BJP; it was an improvement on its performance in 2014.
For the India alliance to win, then, it’s not enough for it to slow the BJP’s momentum, it must turn the tables in its favour. For this to happen, there needs to be significant pessimism about the government among the people. Whether this is the case right now is debatable.
None of this is to suggest that the opposition has zero chances of forming the next government. The challenge is not for it to win more seats than the BJP. Rather, it is whether it can limit Mr Modi’s party to fewer than the 272 seats required to form a government on its own.
Depending on how much the BJP’s seat share drops below 272 – if it does at all – the India alliance could have a chance to stake its claim to power by drawing in parties outside its coalition, including those currently allied with the BJP. It is this possibility, however faint it seems right now, that will give BJP strategists sleepless nights until June 4.
Spider-Man%202
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TWISTERS
Director: Lee Isaac Chung
Starring: Glen Powell, Daisy Edgar-Jones, Anthony Ramos
Rating: 2.5/5
Bawaal%20
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TECH%20SPECS%3A%20APPLE%20WATCH%20SERIES%209
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EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."
The%20Little%20Mermaid%20
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Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
CREW
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Monster
Directed by: Anthony Mandler
Starring: Kelvin Harrison Jr., John David Washington
3/5
Company%20profile
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Coming soon
Torno Subito by Massimo Bottura
When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.
Akira Back Dubai
Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as, “an innovative Japanese cuisine prepared with a Korean accent”.
Dinner by Heston Blumenthal
The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems.
Glossary of a stock market revolution
Reddit
A discussion website
Redditor
The users of Reddit
Robinhood
A smartphone app for buying and selling shares
Short seller
Selling a stock today in the belief its price will fall in the future
Short squeeze
Traders forced to buy a stock they are shorting
Naked short
An illegal practice
UAE currency: the story behind the money in your pockets
SPECS
%3Cp%3EEngine%3A%20Supercharged%203.5-litre%20V6%0D%3Cbr%3EPower%3A%20400hp%0D%3Cbr%3ETorque%3A%20430Nm%0D%3Cbr%3EOn%20sale%3A%20Now%0D%3Cbr%3EPrice%3A%20From%20Dh450%2C000%0D%3Cbr%3E%3C%2Fp%3E%0A
How%20to%20avoid%20getting%20scammed
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Scoreline
UAE 2-1 Saudi Arabia
UAE Mabkhout 21’, Khalil 59’
Saudi Al Abed (pen) 20’
Man of the match Ahmed Khalil (UAE)
Company info
Company name: Entrupy
Co-founders: Vidyuth Srinivasan, co-founder/chief executive, Ashlesh Sharma, co-founder/chief technology officer, Lakshmi Subramanian, co-founder/chief scientist
Based: New York, New York
Sector/About: Entrupy is a hardware-enabled SaaS company whose mission is to protect businesses, borders and consumers from transactions involving counterfeit goods.
Initial investment/Investors: Entrupy secured a $2.6m Series A funding round in 2017. The round was led by Tokyo-based Digital Garage and Daiwa Securities Group's jointly established venture arm, DG Lab Fund I Investment Limited Partnership, along with Zach Coelius.
Total customers: Entrupy’s customers include hundreds of secondary resellers, marketplaces and other retail organisations around the world. They are also testing with shipping companies as well as customs agencies to stop fake items from reaching the market in the first place.
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Conservative MPs who have publicly revealed sending letters of no confidence
- Steve Baker
- Peter Bone
- Ben Bradley
- Andrew Bridgen
- Maria Caulfield
- Simon Clarke
- Philip Davies
- Nadine Dorries
- James Duddridge
- Mark Francois
- Chris Green
- Adam Holloway
- Andrea Jenkyns
- Anne-Marie Morris
- Sheryll Murray
- Jacob Rees-Mogg
- Laurence Robertson
- Lee Rowley
- Henry Smith
- Martin Vickers
- John Whittingdale