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"Real victory will be in 5 years," says Macron camp after election win

Paris, Jun 19 (Reuters) President Emmanuel Macron's government today promised to reshape France's political landscape after winning a commanding parliamentary majority to push through far-reaching pro-growth reforms.
Macron's centrist Republic on the Move (LREM) party and its centre-right Modem ally won 350 out of 577 lower house seats in yesterday's election, which marked a record low turnout for a parliamentary ballot in the postwar Fifth Republic.
Government spokesman Christophe Castaner said the high abstention rate - more than 50 per cent of voters stayed at home - was a failure for the governing class and highlighted the need for a new politics.
"The real victory wasn't last night, it will be in five years' time when we have really changed things," Castaner told RTL radio.
He also said dissent would not be tolerated among the dozens elected on the Macron party ticket, including many newcomers such as 24-year-old law school graduate Typhanie Degois.
"Being a member of parliament for Republic on the Move is a commitment to Emmanuel Macron's presidential programme. It's about loyalty," he said, adding that the previous Socialist government was dogged by dissenters pursuing personal goals.
Though lower than forecast by pollsters, Macron's majority swept aside France's main traditional parties, humiliating the Socialists and conservative The Republicans party that had alternated in power for decades.
FERRAND SIDELINED
Prime Minister Edouard Philippe and his government resigned later in the day amid preparations for a reshuffle on Wednesday. Spokesman Castaner said he believed Philippe would remain as its leader.
One person who will definitely be out of the cabinet was Richard Ferrand, the minister for territorial planning who has been fighting accusations of financial impropriety since he took office a few weeks ago.
A source close to the president said Ferrand, who was an early defector to Macron from the Socialist party and ran his presidential campaign, would instead lead the LREM parliamentary group.
Investors welcomed Macron's win, with the gap between French and German bond yields holding near its tightest level in seven months.
"After the reforms, which we expect Macron to implement, France could turn into the strongest of all major economies in Europe in the next decade, outclassing a Germany that is resting on its laurels and a UK that (through Brexit) is impairing its long-term growth prospects," said Holger Schmieding, chief economist at German bank Berenberg.
BUDGET CONSTRAINTS
Macron wants to move quickly on relaxing labour regulations before overhauling France's unwieldy pension system next year.
During the presidential campaign he also promised to cut corporate tax to 25 per cent from 33 per cent and make a 50 billion public investment in energy, vocational training and transport infrastructure.
But he will need to be mindful of a budget deficit that the Bank of France forecasts will once again breach the EU cap of 3 per cent of national income this year.
"It is in France's interests, its political credibility, its economic credibility, to conform with its obligations," Pierre Moscovici, the EU's French commissioner for economic and financial affairs told TV channel Public Senat.
Yesterday's high abstention rate means Macron will also have to tread carefully with reforms in a country with muscular trade unions and a history of street protests that have forced many a government to dilute new legislation.
But with his wins in last month's presidential election and yesterday's parliament vote, he has routed the old political class.
France's youngest leader since Napoleon and having never before held elected office, Macron has seized on the growing resentment towards a political elite perceived as out of touch, and on public frustration at its failure to create jobs and spur stronger growth.
In winning the presidency in May, he filled a political vacuum created by disarray within the Socialist Party and the Republicans, with Sunday night capping a sequence of events that looked improbable a year ago.
The Republicans and their conservative allies will form the largest opposition bloc in parliament with 131 seats, while the far-right National Front won eight. The Socialist Party and allies won just 44, their lowest in decades.
"The collapse of the Socialist Party is beyond doubt. The president of the Republic has all the powers," Jean-Christophe Cambadelis said late on Sunday after announcing he would step down as party chief.
National Front leader Marine Le Pen promised her party would remain a source of strong opposition alongside other bigger parties, saying: "Don't write us off so fast."
Yesterday's election saw a record number of women - 223 versus a previous high of 155 - voted into parliament, due largely to Macron's decision to field a gender-balanced candidate list.
REUTERS RSD 0130
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Prez Trump "gladly accepts" Modi's invite for India visit

Washington, Jun 27 (UNI) The US President Donald Trump would be visiting India soon as Mr Trump today gladly accepted Prime Minister Narendra Modi’s invitation to visit India.

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27 Jun 2017 | 8:35 AM
US endorses India on Pak's proxy war, Trump insists on 'rapid' actions on Korea

US endorses India on Pak's proxy war, Trump insists on 'rapid' actions on Korea

Washington, Jun 27 (UNI) In a major diplomatic development, the United States today in a clear manner vindicated India's well known stand vis-a-vis proxy war by Pakistan and in a strong message urged Islamabad to "expeditiously" bring to justice the perpetrators of the 26/11 Mumbai and Pathankot attacks.

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27 Jun 2017 | 8:35 AM
India, US in joint statement ask Pakistan to act against terror perpetrators

India, US in joint statement ask Pakistan to act against terror perpetrators

Washington, Jun 27 (UNI) In a clear message and in quite a diplomatic setback to Islamabad, India and the United States today vowed to strike at the Islamic terrorism and the "safe heavens" and also urged Pakistan to expeditiously bring to justice perpetrators of terror attacks like 26/11 and Pathankot.

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27 Jun 2017 | 8:34 AM
Pakistan violates ceasefire along LoC in Rajouri dist

Pakistan violates ceasefire along LoC in Rajouri dist

Jammu, Jun 26 (UNI) Pakistani Army today again violated ceasefire agreement by firing unprovoked on the Line of Control in Rajouri district of Jammu and Kashmir.

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26 Jun 2017 | 11:56 PM
Burn victims overwhelm Pakistani hospitals after tanker fire kills 146

Burn victims overwhelm Pakistani hospitals after tanker fire kills 146

By Mubasher Bukhari

LAHORE, Pakistan, Jun 26 (Reuters) Pakistani hospitals today struggled to treat scores of severely burned victims of a fuel tanker explosion that killed at least 146 people, as Prime Minister Nawaz Sharif flew back from an overseas trip to visit the injured.

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26 Jun 2017 | 10:39 PM
All eyes on PM Modi & US President Trump meeting, delegation level talks

All eyes on PM Modi & US President Trump meeting, delegation level talks

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26 Jun 2017 | 7:35 PM
GST, 'Transformed India' to help US businesses, says Modi

GST, 'Transformed India' to help US businesses, says Modi

Washington, Jun 26 (UNI) Hours before his first meeting with US President Donald Trump, Prime Minister Narendra Modi today said a "transformed" India presents abundant opportunities for the American businesses.

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26 Jun 2017 | 3:01 PM

UNI NEWS DIGEST AT 2000 HRS FOR JUNE 26, 2017

26 Jun 2017 | 8:05 PM

New Delhi :Jaitley urges Mufti to introduce GST from July 1 (DI 12) Washington :GST, 'Transformed India' to help US businesses, says Modi (DF 1) :All eyes on PM Modi & US President Trump meeting, delegation level talks (DF 2) Patna :Fireworks at its full blaze between JD(U)-RJD over Prez polls (CA 29) New Delhi :Scientist Kasturirangan to head Panel on National Education Policy (DI 11) :Markets closed today on account of Eid-uk-Fitr (DC 1) Chandugarh:Haryana CM says police arrested one accused involved in Junaid killing case (DR 22) Guwahati :Ambubachi Mela ends, CM, others pay obeisance (CA 20) Chennai :Frequent abduction of fishermen show Lanka's intolerant attitude, EPS writes to PM again (MS 13) Vijayawada :Mercury poured on Sabarimala temple mast with devotion: MLA (MS 27) Begaluru :BJP on strong footing to return to power in Karnataka: Yeddyurappa (MS 18) Panaji :2 women booked for hurling abuses at Goa Health Minister, insulting tri-colour (BY 12) Mumbai :55 college students rescued in Raigad (BY 8) Guatape :Search continues for missing after Colombia tourist boat accident (FN 75) New Delhi :Kohli second most followed Indian on Facebook after PM Modi (SPD 11) UNI AKC SHK 2005.

Unemployment looms for Australia's cricketers - union

27 Jun 2017 | 8:14 AM

MELBOURNE, Jun 27 (REUTERS) More than 200 of Australia's top cricketers face unemployment within days, with a bitter pay dispute "extremely" unlikely to be resolved by a deadline on Friday, players' union boss Greg Dyer has said.

MARKET-GUJ-SUGAR

26 Jun 2017 | 7:36 PM

Ahmedabad, Jun 26 (UNI) The Ahmedabad Sugar market showed an easy trend here today.

JPCC celebrates 26th death anniversary of former Prime Minister Rajiv Gandhi

21 May 2017 | 6:22 PM

Ranchi, May 21 (UNI) The Jharkhand Pradesh Congress Committee today paid floral tributes to former Prime Minister Bharat Ratna late Rajiv Gandhi on his 26th death anniversary which was celebrated by the party as ‘Shahdat Diwas’.

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