The one question we all want to know is whether a change of guard would mean that fiscal responsibility with respect to the government finances will be relaxed. If there is continuity, markets would be in for a ‘relief’ rally. Change or continuity? Will it make a difference to our investing strategies? How much will politics impact our investment decisions?Let us divide the problem in to two parts. And banks will be afraid to lend. One is the investment environment (bullish or bearish mood, FII perception of the markets etc) and the other is the earnings outlook.Whatever be the outcome, it is useful to have a strategy. Government spending money on infrastructure is rather limited as increased freebies leave little room for development expenditures.

One thing I have been noticing in these past few corrections is that ‘high quality’ does not China spring nuts Suppliers correct too much. He can be reached at balakrishnanr@gmail. With lesser and lesser government controls, the impact of politics on business is considerably less. Yes, some business houses will gain and some will lose, but by and large, there may not be too much impact. And if the broad indices show the fall, some investment in ETFs on the Sensex or the Nifty is worth considering.com). Businesses where the government is the customer tends to be impacted.(The writer is a veteran investment advisor. If we go in to the election manifestos of various parties, the battle seems to be more on freebies than on true economic development. A ripple through effect on mutual funds and lenders, means that non bank credit has to slow down. The policy risks, to my mind seem to be minimal. Irrespective of the party in power, business finds its friends.On the whole, the platform is clean. However, with the PSU bank clean up happening, a lot of businessmen have had to go for bankruptcy or shut shop.

I do not see the usual rush of pre-election result flows in, unless one treats the rally of Friday as something that will happen over the next week, before results are out. And in the list, against each name, put a price that you are happy to buy. Confidence to invest is still not visible and if there is continuity, new investments should happen. GST will at best be tinkered with, but structurally it is a solid concept.A change of guard would mean a ‘wait and watch’, leading to delay. It is best to keep away from it and wait for the Q2 results. At best there would be ‘’shuffling” of lines, some tokenism and so on. The investment environment will be immediately favourable if there is continuity. This gives a sense of comfort to big money that policies will not change. Whether it will be more of the same in the future, no one can say. It would be useful to keep a ‘buy’ list handy. It is best to keep away from that rally and wait for the June quarter results before considering fresh investments. Both of these reforms (irrespective of contradictory claims about the ownership on these two things) are big positives and in a sense limit the damage caused by freebies and there is some control on the flow. Do not get in to a reaction mode but in to a planned call based on outcomes.

Only the auto sector gave up some price thanks to slow down in the sales numbers. That way, you will avoid panic. Let us be clear.The investment environment will be immediately favourable if there is continuity.Hopefully, most invest-ors are holding cash now. So earnings growth would be subdued in any case.If there is a change in the government composition — then the markets could see an immediate correction. Valuations are not cheap (unless we anchor ourselves to 52 week highs) either. This is still ‘under repair’. A sharp correction can be useful to add to the portfolio of high quality stocks. Hopefully, those who invest in direct equities ‘know’ their sto-cks. More noise may happen outside the realm of economics. This week will see the outcome of the battle of the ballot.Today, the banks are far cleaner than an election ago.The other element is one of cronyism. Unless the next government totally changes either the GST structure or the pass through of subsidies by Direct Transfers.

My guess is no. Economic growth is a function of demand. More important is the tightness in liquidity that is being spread by the non-bank sector facing a crisis of confidence. If there is a change of guard, some fall out of favour and some come back to favour. The election results are unlikely to change earnings prospects.If there is continuity in the government, markets would be in for a ‘relief’ rally.Now, let me shift to corporate earnings.Thus, with muted prospects for immediate earnings triggers, market moves will be more based on perception of the election outcome. Every political party needs money and businesses tend to be ‘friendly’ with all parties

That led to people taking to stone pelting and torching vehicles on January 1.The complainant said that KKR members were already arrested for their links with CPI (M). Amrut Marathe, Police Inspector, Vishrambaug, said, “As per the FIR, Sudhir Dhawale, anchor of the programme, Jyoti Jagtap, Sagar Gorakhe, Ramesh Gaichor, Harshali Potdar and many others had sung songs and given speeches that incited violence.”Elgar parishad organisers booked forpromoting enmity and inciting violenceThe organisers of the Elgar Parishad, including members of the Kabir Kala Manch, have been booked for promoting enmity between various groups in Pune on Monday night.”

Mr Marathe said, “They have been booked under Indian Penal code 153A for creating hatred among society, 505 for availing literature inciting people to act against other communities, 117 for abetting commission of offence and 34 for working in groups. “They are just saying that investigation is on track and they would arrest the culprit soon. Even Girish Bapat, guardian minister of Pune district, just enquired and promised speedy justice..Tejas Dhawale, Fantangale’s cousin, said, “We want the police and the government to arrest those who are responsible for the death of Rahul and and for this violence as soon as possible. The state government on Tuesday handed over a cheque of Rs 10 lakh to his mother. We want Ujjwal Nikam be appointed as public prosecutor to represent government against those caused Rahul’s death and the violence,” he said.”Fact sheet Pune businessman, Tushar Ramesh Damgude, filed an FIR against the organisers.The Maratha Kranti Morcha members expansion anchors Suppliers demanded that the government give a time frame within which it would complete the investigation and that compensation be given to those who suffered losses in the violence.”

The FIR claims that songs, speeches and street plays presented at Elgar Parishad by organisers were inflammatory in nature and incited communal differences.The state government on Tuesday handed over a cheque of Rs 10 lakh to his mother. A businessman from Pune, Tushar Ramesh Damgude (37), had lodged an FIR against the organisers at Vishrambaug police station. The Elgar Parishad held in Pune on January 1 Pune: Relatives of Rahul Fantangale (28), the youth who died in the violence that broke out at Bhima-Koregoan in Pune on January 1 on the 200 anniversary of the Bhima-Koregaon battle, have asked for the appointment of Ujjwal Nikam as the public prosecutor for trial. They allegedly said that fight against New Peshwas has begun and they need to fight. Hence KKM members should be booked. He also said, “We are organising a prayer meet on Wednesday to mark the tenth day of Rahul’s death at our village Kanhur Mesai, and we invite all of you to come for the meet. Fantangale’s relatives, along with the members of the Maratha Kranti Morcha, interacted with the media, demanding speedy justice for those who suffered losses in the violence..

There were many book stalls selling literature, which was also inflammatory in nature.The songs and speeches presented at the event were inflammatory in nature and led to stone pelting and torching vehicles on Jan 1. Hence, they presented inflammatory songs and talks with the express intention of creating trouble. “It was the CPI(M)’s strategy to incite dalits to take the violent route instead of a constitutional one.” He also said the police were not saying anything about the case.”When asked if he or his family were associated with any organisations like the Maratha Kranto Morcha, Tejas said, “We would participate in social programmes like morchas held by Maratha Kranti Morcha demanding speedy justice to the girl in Kopardi who was raped and killed, reservation for Marathas in education and government jobs