Voting in UP, Punjab assembly polls to grade Modi on demonetisation

by Dramelin 4:00 AM 0 comments

A BJP loss in the all-important state could result in several long-term consequences. To boost its chances, Modi`s administration was expected to unveil voter-friendly policies in its annual budget on Wednesday, which strategically preceded the polls. "The mere potential of voter backlash raised the prospects of a populist budget," said Zalewski. For the 2017-2018 fiscal year, finance minister Arun Jaitley did announce a number of populist measures, including more investment on rural development and infrastructure. BofAML however offered a more pessimistic take on the BJP`s chances in Uttar Pradesh, noting that the race was split three-ways with the SP and BSP.