Mixing cricket with politics: Market players ready to cash in on excitement

Prime Minister Narendra Modi takes oath of office and secrecy for the second consecutive term, at the swearing-in ceremony at forecourt of Rashtrapati Bhavan in New Delhi
As Prime Minister Narendra Modi (pictured) pads up to form a new government and the ICC Cricket World Cup 2019 gets underway, Indian market players are ready to cash in on the excitement. A domestic brokerage on Thursday came up with a list of 11 stocks, terming it the “dream team” for the World Cup. “The mood is upbeat in the Indian markets, with ‘captain’ PM Modi ardently padded up for his second innings. And so, we take a shot at selecting a team of world beater stocks, not only for the month-long tournament but perhaps till the next elections (read: World Cup)!” the brokerage said in a note to its clients.

Mamata versus Mamata?

The ruling party in West Bengal, Trinamool Congress, led by Chief Minister Mamata Banerjee, sat on a dharna in front of the Naihati municipality building near Kolkata to protest the post-poll violence in the state that had allegedly left several TMC workers "homeless". The Opposition in the state lapped up the opportunity to take a dig at Banerjee, saying she was leading a dharna against her own administration. Sujan Chakraborty, Communist Party of India (Marxist) member of the state Assembly, said there couldn't be anything "more funny and absurd than this". The Opposition also wondered if Banerjee would next demand the resignation of the state home minister — a post held by Banerjee herself.

In a fix

The Madhya Pradesh government, led by the Congress, is busy preparing its Budget for 2019-20. The process hasn't turned out to be as smooth as it was expected to be. Insiders say the state government is tearing its hair out over organising resources to fund the farm loan waiver scheme, announced before the Assembly elections late last year. By some estimates, the government needs about ~50,000 crore to put in motion the promised waiver. On the other hand, the Opposition is waiting with bated breath, hoping it would falter. As an observer said, “Kamal [Chief Minister Kamal Nath (pictured)] is stuck between a rock and a hard place”.


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