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The Week That Was:

From: Vartaa Editorial Team on Nov 8, 2015

Bihar Elections: Grand Alliance Triumphs, Big Loss for BJP

The BJP suffered a major defeat in the Bihar Assembly elections in what was seen as a verdict on PM Modi's governance on the national stage. The Nitish-Lalu Grand Alliance won 178 seats while the BJP managed a paltry 58 in the bitterly fought contest. Leading news channel NDTV got faced embarassment as it wrongly called the election for the BJP as early as an hour into the official count around 9 am. It had to back-pedal on its earlier statement exposing Indian pollsters. The defeat will make governance harder for the BJG given its minority status in the upper house whose members are appointed by state assemblies such as Bihar.

Special package for J&K

PM Modi will be announcing a INR 75,000 crore (almost $1.2 billion) package on Saturday 7, November amidst tight security during his visit to Jammu & Kashmir. The package comes on the back of another one announced for Bihar (1.35 lakh crore) in August. The package will be split into 5 segments: humanitarian relief, disaster management, social infrastructure, physical infrastructure, and development spending.

Future Group launches Big Bazaar Gen Next

Kishore Buyani launched Big Bazaar Gen Next in the the Mumbai suburb of Malad in the hopes of attracting consumers with higher disposable incomes. He also prophesied the demise of all online grocers citing weaknesses in their operating model.

India Beat South Africa in 1st Test

Thanks to the fantastic performance of the spinner troika of Jadeja, Aswhin, and Mishra who amongst themselves captured 19 wickets in the 2 innings, India comprehensively beat South Africa by 108 runs in the 1st of the 4 game Test Series at home. Patient knocks from Murali Vijay and Cheteshwar Pujara helped India coast home in the low scoring affair.

Opinions you must read:

  • The government announced a Swacch Bharat Cess which will take the service tax levied on all services to 14.5% from the current 14%. Read Vivek Paul's opinion blasting the new tax here.