Tag Archives: Manipur

Election Commission announces dates of assembly polls of five states

Over 16 crore people will vote in this year's assembly elections in five states – Uttar Pradesh, Punjab, Uttrakhand, Manipur and Goa, the Election Commission said while announcing the poll dates by Sanjeev Nanda

NEW DELHI: Over 16 crore people will vote in this year’s assembly elections in five states – Uttar Pradesh, Punjab, Uttrakhand, Manipur and Goa – the Election Commission said while announcing the poll dates.

Here’s how it stacks up:-
a) Goa to go on polls on February 4
b) Punjab to face vote on February 4
c) Uttarakhand February 15
d) Manipur (2 phases) March 4 and 8
e) Uttar Pradesh (7 phases) 1st phase Feb 11, 2nd phase Feb 15, 3rd phase Feb 19

Irom Sharmila ends 16-year fast

After being on fast for nearly 16 years in protest against the Armed Forces (Special Powers) Act, Irom Sharmila is ending her hunger strike today.

As it happened:

4:42 pm: She tastes honey to symbolically end the fast.

United Spirits, Radico Khaitan shares fall on Bihar alcohol ban

Share price of liquor manufacturers majors United Spirits and Radico Khaitan plunged on Thursday after reports that Bihar has banned sale of alcohol in the state with effect from April 1, 2016. Bihar has a population of around 100 million, more than Germany’s.

United Spirits slid 4.73 per cent to Rs 3211.45 on BSE, while the share price of Radico Khaitan declined 6.92 per cent to Rs 114.25.

Investors speculate that more states may follow Bihar’s move. Consumption of alcohol is already prohibited in the states of Gujarat, Kerala, Manipur, and Nagaland.

Bihar chief minister made the announcement — a part of his election pledge — at an official function to mark Prohibition Day. The move can cost Bihar Rs 3400 crore in tax revenue.

Nitish Kumar had earlier promised voters to restrict opening of liquor shops in villages. According to annual report of United Spirits, the company has a plant at Hathidah in Bihar.

“More than the obvious financial impact, this is a directional negative if rest of the state governments emulate Bihar and Kerala, in our view,” analysts at brokerage house Motilal Oswal said.

The report comes at a time when India is now a hotly contested market for global drinks makers like Diageo and Pernod Ricard.

The benchmark BSE Sensex on Thursday closed 183 points up at over two-week high of 25,958.63 as investors lapped up realty, auto and metal stocks amid hopes of a breakthrough on GST Bill in Parliament and mixed cues from global markets.

Read full article: Financial Express