#thebluemoonDiplomacy:India Election Impact

The Bharatiya Janata Party (BJP) has largely succeeded in shifting the electorate’s focus from rising prices, unemployment, and hunger to the timely inauguration of the Ram Temple in Ayodhya, strategically planned before the 2024 Lok Sabha polls. This well-thought-out strategy poses a risk to the opposition, which may falter in addressing this cultural juggernaut and fail to redirect public focus to pressing issues. Opposition leaders, conspicuously absent from the program, are making efforts to emphasize their religious inclinations.

Ayodhya has become a melting pot, exposing the stark contrast between the Congress’s historic identity and the present electoral arithmetic. The Machiavellian tactics of BJP leaders have left a narrow path for Congress leaders like Rahul Gandhi to find space for their victory. As the saffron party basks in the afterglow of a hard-fought victory, the Congress stands at a crossroads, gazing at the uncharted map of its future.

Ayodhya’s echoes expose deep fissures within the Congress — North versus South, pragmatism versus principle. This is not a strategic dance, but a party adrift in a labyrinth of its own making. The time for silence is over. The Congress must choose: will it surrender to the cacophony of internal dissension or find its voice and forge a path forward?

Ayodhya may fade, but the echoes will resonate long after the saffron garlands have withered. The absence of the Congress speaks volumes, not of dissent but of a party at war with its ideology. For decades, the Congress has trumpeted a secular tune, yet in this defining moment, the notes falter, leaving behind a discordant silence. This is not merely a political mistake; it’s a stark revelation of a deeper conflict.

Can the Congress reconcile its age-old secular mantle with the contemporary realities of a faith-driven electorate? The Congress’s silence, while deafening, holds within it a chance for introspection. Can secularism be reframed as a tapestry woven from diverse threads of faith?

Ayodhya may be bathed in saffron light, but the Congress still has a choice to make. The nation watches, not for their presence but for their clarity. The Congress cannot stay silent any more.

The Congress’s decision to stay absent at the Ayodhya event is not merely a refusal of an invitation; it is a manifestation of the deep-seated dilemmas and divisions within the party. The Congress is walking a tightrope between regional considerations, ideological dilemmas, and electoral pragmatism. The Congress must navigate these treacherous waters with strategic acumen, clarity of vision, and a coherent ideological stance to remain a relevant political force in the country.

                                                     ---------by Amit Mittal

Multispecialty hospital chain Jupiter Life Line Hospitals expects to fetch Rs 851.28 crore and Rs 869.08 crore at the lower and upper price bands of Rs 695-735 a share, respectively.

The initial share sale for its Rs 869-crore initial public offering (IPO) will begin 6 - 8 September, and the bidding for anchor investors will open on 5 September, the company said.

The initial share sale C, the company said. The IPO comprises a fresh issue of equity shares worth Rs 542 crore and an offer for sale (OFS) of 44.5 lakh equity shares by promoter group entities and other shareholders.

Jupiter Hospital mobilised Rs 123 crore from institutional investors in the pre-IPO round last month thereby reducing fresh issue size. Proceeds of the fresh issue will be utilised to retire debt. Besides, funds will be used for general corporate purposes. 

The hospital chain operates in Thane, Pune, and Indore under the “Jupiter” brand with a total bed capacity of 1,194 as of December 2022.

Jupiter Hospital is developing a multispecialty hospital in Dombivli, Maharashtra, which is designed to accommodate over 500 beds. 

The construction of the hospital began in April this year.  

by Amit Mittal

Here’s the proofread and diplomatically corrected version of your text:

In October, India’s unemployment rate rose to its highest level in over two years, with an increase in joblessness particularly noticeable in rural areas. This information comes from the Centre for Monitoring Indian Economy Ltd. (CMIE), a private research firm.

The overall rate increased from 7.09% in September to 10.05% last month, according to data from the CMIE. This is the highest rate since May 2021.

Unemployment in rural areas saw a significant jump from 6.2% to 10.82%, while the urban rate saw a slight decrease to 8.44%.

The weakest monsoon rains in five years have had an impact on farming output in India, the world’s second-largest producer of rice, wheat, and sugar. However, economic activity in urban areas has remained relatively strong, with both manufacturing and consumption sectors expanding.

The government releases a nationwide unemployment rate annually and an urban rate every quarter. The most recent official report, released in October, stated the unemployment rate for the country at 3.2% for 2022-2023.

Economists have come to rely on CMIE data for a more accurate assessment of the labor market. These figures are based on monthly surveys of more than 170,000 households.

While India’s economy is expected to grow more than 6% this year and next, one of the fastest rates in the world, it’s still not quick enough to create jobs for the millions who need them. CMIE data shows that nearly 10 million people entered the job market in October, hoping to find work.

Last month, Indian tech-services outsourcing firms, including Infosys Ltd. and Wipro Ltd., announced plans to halt the hiring of college graduates. This could potentially leave thousands of fresh engineering students without jobs, which could lead to dissatisfaction among the country’s youth and pose challenges for Prime Minister Narendra Modi as he seeks a third term in office.

The International Labour Organization (ILO) has projected a global unemployment rate of 5.2% in 2024, slightly higher than the 5.1% in 2023. The World Employment and Social Outlook Trends: 2024 report notes that working poverty will persist and income inequality will widen.