The Kerala Assembly unanimously passed a resolution against holding simultaneous elections in the country. The resolution described that the proposal was ‘undemocratic and unconstitutional’.
In the resolution, the House urged the Central government to roll back its decision to approve the proposal for 'one nation, one election' recommended by the high-level committee led by former President Ramnath Kovind. The resolution was moved by Kerala Parliamentary Affairs Minister MB Rajesh on behalf of Chief Minister Pinarayi Vijayan. The minister also accepted certain amendments suggested by UDF MLAs in the resolution and subsequently, the resolution was passed unanimously by the House.
Minister MB Rajesh said that proposal would weaken the country's federal system and sabotage the diverse nature of India's parliamentary democracy. He said that it would also lead to cutting short of the term of various state assemblies and local self-governments in the country.
Rajesh further said that this decision amounted to a violation of the people's mandate, a challenge to their democratic rights and usurping of a state's power to hold elections and taking over of the federal system of the country. He criticised that the committee was viewing Lok Sabha, state assembly and local body polls as an expense and doing so was ‘undemocratic’. Rajesh condemned the proposal as unnecessary, stating that there were simpler ways to reduce election costs and improve governance. He further claimed that the proposal was unconstitutional, went against constitutional values, and was part of the agenda of the RSS and BJP.
A bill to implement simultaneous elections is likely to be introduced in the upcoming winter session of Parliament. This initiative aims to synchronise Parliamentary and Assembly elections, which has been a part of the Modi government’s 100-day agenda.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
