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New Delhi votes with PM Modi’s popularity on the line

Voting began for a crucial state election in India’s capital on Saturday with Prime Minister Narendra Modi’s Hindu nationalist party trying to regain power after a 22-year gap and major victories in a national vote.
Residents lined up in long queues across New Delhi neighborhoods, where a total of 14.6 million voters are registered to cast ballots. The results will be declared on Tuesday.
The polls pit Modi’s Bharatiya Janata Party against the incumbent Aam Aadmi Party, or “common man’s” party, whose pro-poor policies have focused on fixing state-run schools and providing free health care and bus fares for women during the five years in power.
The BJP campaign has reopened old wounds in the Hindu-Muslim divide and treats the election as a referendum on nearly two months of protests across India against a new citizenship law that excludes Muslims.
The law fast-tracks naturalization for non-Muslim migrants from neighboring Pakistan, Bangladesh, and Afghanistan who are living in the country illegally. Modi’s BJP also hopes to garner Hindu votes for ending semi-autonomy of Muslim-majority Kashmir last summer and turning the disputed region into two federally governed territories amid security lockdown.
Both of those actions have won him praise from supporters but the little reward at the polls. BJP lost two important state elections last year.
“They (BJP) must be given a jolt. We are poor, but we are also humans. They only talk about divisions,” said Shabnam Mukhtar, a housewife at Shaheen Bagh, a working-class neighborhood where Muslim women have staged a sit-in for two months to protest the citizenship law.
Ehtashamul Haque, a businessman, said the Aam Aadmi Party “only has development on their mind” in comparison to the BJP.
“People should vote for development,” he said.
Surveys by television news channels have predicted a clear victory for the Aam Admi Party in the 70-member state assembly.
The Congress, a distant third party, has run a lackluster campaign and is expected to fare poorly.
During the campaigning, BJP members called for violence against minority Muslims by invoking the specter of archenemy Pakistan. Critics have called the incendiary religious appeals a tactic by BJP to divert attention from the sluggish economy, which expanded at a 4.5 percent annual pace in the last quarter, its slowest rate since mid-2018.
A win would be hugely symbolic and likely to embolden Modi and his party to pursue a pro-Hindu agenda with vigor, while a loss could dent Modi’s charisma.
Modi’s BJP was voted out of power in New Delhi in 1998 by the Congress party, which had run the government for 15 years. In the 2015 elections, the Aam Admi Party won a landslide victory by capturing 67 of 70 seats. The BJP could win only three seats despite winning the 2014 national elections.
source: The Associated Press
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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