Mauritius holds election with cost of living on everyone’s minds

MAURITIUS-ELECTION/ (PIX):Mauritius holds election with cost of living on everyone's minds

Reuters
Published10 Nov 2024, 03:31 AM IST
Mauritius holds election with cost of living on everyone's minds
Mauritius holds election with cost of living on everyone’s minds

By Villen Anganan

PORT LOUIS, Nov 10 (Reuters) - Mauritius holds a parliamentary election on Sunday with incumbent Prime Minister Pravind Kumar Jugnauth and his main rivals all promising to tackle a cost of living crisis in the Indian Ocean archipelago.

The country of about 1.3 million people markets itself as a link between Africa and Asia, deriving most of its revenues from a flourishing offshore financial sector, tourism and textiles.

It has forecast 6.5% economic growth this year compared with 7.0% last year but many voters are not feeling the benefits.

Jugnauth's Alliance Lepep coalition has promised to raise minimum wages, increase pensions and reduce value added tax on some basic goods.

It says it will use payments from the UK under an October agreement for Britain to cede the Chagos Islands while retaining the US-UK Diego Garcia air base.

Mauritius also receives aid from China.

"The alliance led by the prime minister is selling the economic prosperity card, with promises of more money to different segments of the population," said political analyst Subash Gobine.

The opposition is also pledging to increase pensions as well as introduce free transport and internet services and reduce fuel prices.

It is dominated by the Alliance du Changement coalition led by Navin Ramgoolam and two other parties running in the Linion Reform alliance whose leaders, Nando Bodha and Roshi Bhadain, plan to alternate as prime minister if they win.

"It is the youths who will make the difference in these elections," voter David Stafford, 36, said in the capital Port Louis, explaining that people were looking for economic innovation and job opportunities as much as fiscal changes.

Just over a million people are expected to choose lawmakers for the islands' 62 seats in parliament for the next five years from a list of 68 parties and five political alliances.

Last week, Jugnauth's government blocked social media platforms until a day after the election, when results are expected, citing national security concerns after conversations between public figures were leaked. It lifted the ban a day later after opposition parties criticised the move.

Voting starts at 0300 GMT on Sunday and closes at 1400 GMT. Whichever party or coalition gets more than half the seats in parliament also wins the prime minister's post. (Reporting by Villen Anganan; Writing by George Obulutsa; Editing by Ammu Kannampilly and Philippa Fletcher)

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:10 Nov 2024, 03:31 AM IST
Business NewsCompaniesNewsMauritius holds election with cost of living on everyone’s minds

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Adani Power share price

    476.15
    03:58 PM | 21 NOV 2024
    -47.95 (-9.15%)

    Bank Of Baroda share price

    228.60
    03:57 PM | 21 NOV 2024
    -8.6 (-3.63%)

    Tata Steel share price

    140.25
    03:58 PM | 21 NOV 2024
    0.8 (0.57%)

    Indian Oil Corporation share price

    130.75
    03:57 PM | 21 NOV 2024
    -2.4 (-1.8%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Indian Hotels Company share price

    786.85
    03:59 PM | 21 NOV 2024
    33.45 (4.44%)

    National Aluminium Company share price

    248.10
    03:59 PM | 21 NOV 2024
    7.8 (3.25%)

    Federal Bank share price

    210.80
    03:41 PM | 21 NOV 2024
    4.1 (1.98%)

    Coforge share price

    8,216.55
    03:29 PM | 21 NOV 2024
    102.65 (1.27%)
    More from 52 Week High

    Honasa Consumer share price

    237.40
    03:29 PM | 21 NOV 2024
    -26.35 (-9.99%)

    ADANI WILMAR share price

    294.45
    03:59 PM | 21 NOV 2024
    -32.65 (-9.98%)

    Adani Power share price

    476.15
    03:58 PM | 21 NOV 2024
    -47.95 (-9.15%)

    ACC share price

    2,025.80
    03:54 PM | 21 NOV 2024
    -159.25 (-7.29%)
    More from Top Losers

    VIP Industries share price

    492.75
    03:43 PM | 21 NOV 2024
    32.8 (7.13%)

    NLC India share price

    253.10
    03:59 PM | 21 NOV 2024
    16.1 (6.79%)

    Sammaan Capital share price

    159.80
    03:58 PM | 21 NOV 2024
    9.3 (6.18%)

    CRISIL share price

    5,588.00
    03:29 PM | 21 NOV 2024
    317.5 (6.02%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      77,645.00550.00
      Chennai
      77,651.00550.00
      Delhi
      77,803.00550.00
      Kolkata
      77,655.00550.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.90/L0.10
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in Companies

        HomeMarketsloanPremiumMint Shorts