There is a bad news for PM Modi and BJP. The rising tensions between India-Pakistan following the recent Pulwama event can have a political impact depending on how the situation unfolds, Foreign brokerage CLSA said in a report.
Commenting on the political situation post-Pulwama attack, CLSA wrote in a note to clients that certain patriotic songs have become quite popular in rural UP through social media, and depending on how the geopolitical situation evolves, it might have a bearing on the elections.
CLSA’s team spent seven days on the road in Uttar Pradesh over the last two weeks and found that Modi remains quite popular on ground across different castes.
UP is politically important, as it accounts for 80 of the 543 Lok Sabha seats.
“While the SP-BSP combine is a formidable opposition to BJP, the entry of Priyanka Gandhi can take away some vote share from the SP-BSP. If not formal, at least, an informal alliance with the Congress will be required for the combine to work,” it said.
“Also, cow vigilantism has hurt farm incomes, as farmers now cannot sell their cattle and the excess cattle is, in turn, eating farm produce,” it said.
The brokerage said the SP-BSP combine might tie up with the Congress, at least informally, which could possibly limit the gains for BJP. In short, domestic flows will likely reflect these political uncertainties over the next three months, driving the markets lower, it said.
The February 14 attack on the CRPF convoy has changed the dynamics of militancy in the Kashmir Valley.
At least 44 CRPF jawans were killed and dozens injured in a terror attack in Jammu and Kashmir’s Pulwama district on the 14th of February.
A 22-year-old Jaish-e-Mohammed terrorist Adil Ahmad Dar was identified as the suicide bomber who carried out the attack. Accused of one of the deadliest terrorist attacks the state has ever witnessed, Dar lived just 10 kilometres away from the attack spot in Gundibagh. Also Read: Pulwama Attack: Shocking Story of ‘Suicide Bomber’ Adil Ahmad Dar
Lt Gen Kanwal Jeet Singh Dhillon, Corps Commander of the Srinagar-based 15 Corps, on Tuesday said Indian Army eliminated top Jaish-e-Mohammed commander Abdul Rasheed Ghazi, alias Kamran, along with multiple other terrorists in a 12-hour-long encounter on Monday. Also Read: Army Warns & Sends A Warning To The Misguided Kashmiri Youth
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