Congress seeks to postpone panchayat election in Goa

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Panaji, May 17 | Citing lack of reservation of wards for OBC category, Leader of Opposition Michael Lobo on Tuesday demanded to postpone Panchayat elections in Goa by four months and reserve the wards as per data of OBC commission.

Congress leader Lobo addressed a press conference and said that the government should respect the judgment of the Supreme Court to decide reservation upon data submitted by OBC commission and not by Block Development Officer’s.

“Reservations should not take place as MLA’s (in power) want. It should be fair practice and OBC should get justice through the proper process,” he said adding OBC commission can assess correctness of data.

He said that if the government goes against the judgment of the Apex Court, then someone will go to court and bring it to the notice. Thus the process of election will be stopped.

“OBC should get its 27 per cent reservation. For this, the government should seek data from the commission and submit it to the election commission for further process. OBCs should not be deprived of their rights,” Lobo said.

He said the Congress party will write to the State Election Commission, Chief Minister and also to the Panchayat Minister to hold elections in October following the judgment of the court.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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