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Thursday, May 15, 2014

TRS All Smiles in Telangana!

It was thought that there would be neck and neck situation between the trs and the Congress party in Telangana state in general elections. However, the trs party has swept all the way across the Telangana. As per the latest trends the trs is leading in 65 assembly constituencies and 12 Lok Sabha constituencies. The congress leads in just 20 assembly constituencies while the TDP and BJP alliance leads in 20+ constituencies. The voters seem to have believed KCR was the man behind the formation of Telangana but not the congress party. KCR is going to get the rare honour of becoming the first chief minister of the new Telangana state.

TDP's Lead in Assembly Polls

According to the latest trends, the tdp leads in AP Assembly polls. The party is leading in 90+ assembly constituencies while the YSRCP which is giving a tough fight to the tdp got the leading in 70+ assembly constituencies. Since the magic mark to get the full majority is 88, the tdp is likely to form the government if it continues its leading till the last round of the counting. On the other hand, the tug of war situation is being continued between the tdp and the YSRCP in Lok Sabha polls. The YSRCP has reportedly got the lead in 13 Lok Sabha constituencies while the tdp gets the lead in 11 MP constituencies.

Congress' Disaster @ Nation, Telangana n AP!

From Kashmir to Kanyakumari the congress party has shown disastrous performance in general elections, 2014. The Congress led UPA government could succeed in getting the majority in just 60+ Lok Sabha constituencies so far. It has been bigger shock to the party in Telangana. The party in fact claimed the credit of the formation of the Telangana state. Even then, the people seem to have not believed the words of the party. According to the trends, the party is likely to win around 20 assembly constituencies, which is very lesser number than the expected. The party is leading in just two MP constituencies in Telangana.

The Seemandhra results were predictable. The party has managed to got the lead in one MP constituency and one assembly constituency.

Sensex up 1,400 Points Above 25,000 as NDA Leads in Over 300 Seats

The BSE Sensex surged over 1,400 points to a new record high as the BJP-led National Democratic Alliance headed for a win in the 16th Lok Sabha elections. The Sensex crossed the psychological 25,000 for the first time.

The 50-share Nifty surged over 400 points to an all-time high of 7,553.90. Meanwhile, the Indian rupee traded at a 10-month high of 58.63 per dollar.

According to latest trends, Narendra Modi-led NDA is leading in 325 seats, wining 184 more seats as compared to 2009 elections. The BJP is likely to get a majority on its own as the opposition party is leading in 272 seats. The Congress-led United Progressive Alliance was leading in 69 seats, down 165 seats from last elections.

"This is the best thing that could have happened for the market, we couldn't have asked for anything better than this. I think this is the beginning of a new growth cycle of India, this is the beginning of new bull market," Pankaj Murarka of Axis Asset Management told Reuters.

Indian stock markets have been on a roll on hopes that a stable government post elections in May would pull out all stops to bring the country's sluggish economy on track. Analysts expect a revival in investment cycle and fast-tracking of reforms under the new regime.

The rally in markets has come on the back of strong buying by overseas investors. Foreigners betting on a BJP victory have poured more than $16 billion into Indian stocks and bonds in the past six months and now hold over 22 per cent of Mumbai-listed equities - a stake estimated by Morgan Stanley at almost $280 billion.

Banking stocks led the bull charge on the Dalal Street, up around 10 per cent. Energy, auto, consumer durable and capital goods stocks traded with over 5 per cent gains.

On the Nifty, 43 of the 50 stocks traded higher. Private lender ICICI Bank surged nearly 12 per cent and was the top Nifty gainer followed by two-wheeler major Hero MotoCorp. State-run Punjab National Bank was up 11 per cent.

However, IT stocks fell sharply after the rupee gained over 1 per cent against the dollar.

Gujarat-based companies saw strong buying as BJP headed for victory in elections. Adani Enterprises was up 9 per cent, Adani Ports traded 3.5 per cent higher, while Adani Ports traded with 5.3 per cent gains

Thursday, May 8, 2014

Biography of Dr. N. Janardhana Reddy

Nedurumalli Janardhana Reddy

Preceded by M. V. V. S. Murthy(TDP)

Succeeded by Daggubati Purandeswari
Constituency Visakhapatnam

12thChief Minister of Andhra Pradesh
Preceded by Marri Chenna Reddy
Succeeded by Kotla Vijaya Bhaskara Reddy

Personal details
Born     20 February 1935
Vakadu, Madras Presidency, British India
Died     9 May 2014 (aged 79)
Hyderabad
Political party     Indian National Congress
Spouse(s)     Nedurumalli Rajyalakshmi
Children     4
Residence     Hyderabad
As of 12 May, 2006

Nedurumalli Janardhana Reddy (20 February 1935 - 09 May2014) was a member of the 12th, 13th and 14th Lok Sabha of India. He represents the Visakhapatnam constituency of Andhra Pradesh and is a member of the Indian National Congress. He was also a Chief Minister of Andhra Pradesh from 1990 to 1992. His wife, Nedurumalli Rajyalakshmi, has been a minister in the Andhra Pradesh government since 2004.

In September 2007, Reddy escaped an assassination attempt near Nellore by naxal groups. Janardhana Reddy and his wife both escaped the event unhurt.[citation needed]

Political history

This section requires expansion. (October 2012)

    1972–1978: Rajya sabha,
    1978–1984: MLC,
    1978–1983: Andhra Pradesh Cabinet Minister (Revenue, Industries, Power and Agriculture),
    1988–1989: P.C.C. President,
    1989–1994: MLA,
    1989–1990: Andhra Pradesh Cabinet Minister (Agriculture, Forests and Higher Education),
    1990–1992: Chief Minister of Andhra Pradesh,
    1998–1999: MP (Bapatla – 12th Lok Sabha),
    1999–2004: MP (Narasaraopet – 13th Lok Sabha – 2nd term),
    2004–2009: MP (Visakhapatnam – 14th Lok Sabha – 3rd term),
    2009: Elected to Rajya Sabha,
    2010: Re-elected to Rajya Sabha

Nedurumalli passed away

Former chief minister Nedurumalli Janardhana Reddy (80) passed away. He has been undergoing treatment for Kidney issues in NIMS since few months.

Nedurumalli is one among the very few Politicians who served as Chief Minister, Minister, MP and also as Rajya Sabha Member. In 2007, He even escaped from Naxal attack.

He is survived by wife Rajyalakshmi (former minister) and 4 Sons - Ram Kumar Reddy, Ashok Kumar Reddy and Gautham Reddy and Bharath Kumar Reddy.

Date of Birth: 1935, February 20th.

Political Entry: 1972

As Chief Minister: 1990 to 1992

1978-83: Minister for Revenue, Electricity, Agriculture and Industries.

1989-90: Minister for Agriculture, Forest and Higher Education.

1998-99: Elected as MP (Bapatla) for the first time.

1999: Elected as Narsaraopet MP.

2004: Elected as Visakha MP.

2009: Elected to Rajya Sabha

Ex-CM Nedurumalli Janardhana Reddy passes away

Former Andhra Pradesh Ex-CM Nedurumalli Janardhana Reddy passes away

Hyderabad: Former Andhra Pradesh chief minister Nedurumalli Janardhana Reddy died here on Friday morning.

Reddy had been undergoing treatment for neurology-related problems and the end came at 5 am.

The senior Congress leader was admitted to Nizam's Institute of Medical Sciences (NIMS). His body has reportedly been shifted to his house in Somajiguda.

Born on February 20, 1935 in Nellore district, Reddy is survived by his wife and four sons.

Reddy, a sitting Rajya Sabha member from Andhra Pradesh, served as chief minister from December, 1990 to October, 1992.

He served as state minister and legislator in his long political career spanning several decades.

On September 08, 2007, Reddy, and his wife, N Rajyalakshmi, had escaped a landmine attack at Vidyanagar, near Nellore, suspected to be triggered by Maoists.

Several senior leaders including TDP chief N Chandrababau Naidu condoled the death of Janaradhan Reddy.

Ziddu