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By-Poll Results: Jayalalithaa shines in TN, BJP in MP

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By Keshav Chhabra

On 27th June, the voter turnout saw a rise in five states, going as high as 80 per cent for some seats in Tripura and Meghalaya. As the by-poll results of the five states (Madhya Pradesh, Tamil Nadu, Kerala, Meghalaya and Tripura) were announced today, NewsGram brings you a brief summary of the election results with major highlights.

Tamil Nadu: J Jayalalithaa has done it again in Tamil Nadu. The party offices of AIADMK were full of cheer and celebration with the chief minister winning in RK Nagar by-poll by a margin of more than 1.5 lakh votes; the closest candidate being C. Mahendran of the CPI.

F2 J Jayalalithaa

Kerala: For the assembly seat of Aruvikara, the Congress candidate K.A. Sabarinathan led the party to victory by a margin of around 10,000 votes. His nearest rival was CPI candidate M. Vijayakumar who got 46,320 votes while the BJP candidate, standing third in the race could manage 34,145 votes.

Madhya Pradesh: Though BJP struggled in Kerela, the party candidate Chandar Singh Sisodia registered a comfortable win with 81,449 votes, winning by a margin of around 13,000 votes over his nearest rival of the Congress party in Garoth assembly constituency by-poll.

f2 BJP

Tripura: The Bhartiya Janata Party had to meet disappointment in the state, where CPI-M won two assembly seats with a record margin, the nearest rival being BJP candidates.

Meghalaya: The state brought good news for the ruling Congress party where Bluebell Sangma registered a victory over National People Party’s candidate Phillipole D. Marak by 2,550 votes.

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A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month

Programme enables person who joins to complete every process online

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A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month
A Chit Fund Scheme By KSFE Will Be Inaugurated By CM In UAE Next Month, flickr

The Kerala government’s dream programme to raise money from its diaspora through “chitties”, or a chit fund scheme launched by state-run Kerala State Financial Enterprise (KSFE), will be inaugurated by Chief Minister Pinarayi Vijayan in UAE next month, Finance Minister Thomas Issac said on Monday.

In an interaction with editors of the Kerala media, he said all the requisite permissions have been obtained from all authorities.

“This programme was initiated by the previous UDF government and the permission to go ahead came at its fag end. After we came to power, we took this forward and all permissions and sanctions are ready and all those diaspora who wish to participate in it can join,” said Issac.

“On June 12, Vijayan will launch the registration process and all those who wish to enter the scheme can register in the KSFE site. Once Vijayan launches the programme in UAE, next month, the chitty scheme will be open,” he added.

Coins
Coins, Pixabay

KSFE Chairman Philipose Thomas said to start with, those who wish to participate can contribute monthly as low as Rs 3,000 to a high of Rs 25,000.

“The duration of the chitty given the nature of the job scenario in the Middle East is kept from a minimum of 30 months to a maximum of 60 months. Once a diaspora member joins he can pay the monthly contribution through his non-resident ordinary account and at the end of the chitty term, the payment will be made to his non-resident ordinary account,” he said.

“The programme enables each person who joins the chitty to complete every process online, which includes even bidding, and at the end of the period, the money will be credited into their bank account. Every aspect of the online process has been tested,” said Unni Krishnan who heads the technology division of the chitty scheme.

The entire programme is being handled by the Kerala Infrastructure Investment Fund Board, a government-owned financial institution meant to mobilize funds for infrastructure development outside state revenue.

Its Chief Executive K.M. Abraham, who is a former state Chief Secretary, said that no one needs to donate anything, but only to join a chitty where the money collected will be deposited in bonds and used for the state’s development needs.

“At the end of the chitty, it’s a win-win situation for both the person who joined the chitty and for the state government,” he added.

Kerala CM, Pinarayi Vijayan with PM Narendra Modi
Kerala CM, Pinarayi Vijayan with PM Narendra Modi, flickr

Also read: Reliance home finance celebrates 46 growth in income

According to the latest study report on the diaspora, 90 per cent of 23.63 lakh Keralites aboard are in the various Middle East countries, of which UAE accounts for 38.7 per cent, followed by Saudi Arabia with 25.2 per cent. (IANS)