Don't let coalition be a constraint for growth
Indian conditions favour coalitions
Besides special status and cabinet positions, TDP is also seeking more funds for irrigation projects in Andhra Pradesh and to complete the building of its new capital, Amaravati
As the NDA is all set to form the government, Fitch Ratings on Thursday said coalition politics and a weakened mandate could make it challenging to pass legislations on ambitious reforms. "We believe major reforms to land and labour laws will remain on the new government's agenda as it seeks to enhance India's manufacturing sector, but these have long been contentious and the NDA's weaker mandate will complicate their passage further. This could reduce the potential upside to India's medium-term growth prospects," Fitch said in a statement. The BJP fell short of a single-party majority in the 543-seat lower house of parliament for the first time since its latest period in government that began in 2014. But Fitch expects it to secure enough support from allied parties in the National Democratic Alliance (NDA) to form a government with Narendra Modi remaining Prime Minister. The outcome should support broad policy continuity, with the government continuing to prioritise infrastructur
The bond market anticipates that the Reserve Bank of India (RBI) will continue conducting buyback auctions to manage the government's surplus cash
Leaders of the BJP-led National Democratic Alliance unanimously elected Prime Minister Narendra Modi as the ruling bloc's leader on Wednesday, passing a resolution to underscore the government's commitment to serving the poor, women, youths, farmers and deprived sections of society. They met at Modi's residence here a day after the NDA won a majority of seats in the Lok Sabha election, paving the way for him to take the oath for a third consecutive term, a first for any ruling alliance since 1962. TDP leader N Chandrababu Naidu, Bihar Chief Minister Nitish Kumar, Maharashtra Chief Minister Eknath Shinde, LJP(R) leader Chirag Paswan and NCP leader Praful Patel were among those who attended the meeting. The resolution said the NDA government will continue working to lift people's living standards for the country's all-round development while conserving its heritage. "We are all proud that the NDA fought the 2024 Lok Sabha polls unitedly under the leadership of Prime Minister Narendra
As the NDA is set to form government for a third term, tech initiatives are expected to maintain pace, with IT Secretary S Krishnan on Wednesday saying that Meity will take up a slew of new initiatives as planned, while building on the legacy of past successes and outcomes. Krishnan, speaking on the sidelines of a Software Technology Park of India (STPI) event, said the ministry has a "number of initiatives which have been planned and are in the works" and those will be taken up once the new government is in place. To a question on whether the work on Digital Personal Data Protection (DPDP) rules and shaping Digital India legislation framework will continue at speed, he said, "the legacy in terms of what we have in the organisation in terms of...institutional memory continues." Asked in particular about the status of the proposed Digital India legislation -- which would provide guardrails and define regulatory approach on new age technologies like AI - he said, "We will see how we .
Chirag Paswan, president of the Lok Janshakti Party (Ram Vilas), on Tuesday afternoon asserted that he was "firmly" with Prime Minister Narendra Modi. While Paswan was leading from the Hajipur seat, candidates of his party were ahead of their rivals in four other constituencies in Bihar, according to the Election Commission. "Once again- Modi Government! I and my party Lok Janshakti Party (Ram Vilas) stand firmly in support of the country's successful Prime Minister, respected Shri @narendramodi ji," he posted on X. "NDA is going to form the government with full majority under the leadership of Prime Minister ji. The country is going to get a strong and powerful government for the third time again," he added.
The yield on the benchmark 10-year government bond settled at 6.98 per cent on Friday, while the rupee settled at Rs 83.47 against the dollar
Prominent political analysts offer differing forecasts for the 2024 Lok Sabha elections, highlighting potential outcomes for BJP and the Congress
However, the most likely outcome is BJP crossing 300 seats, predict brokerages
India saves Rs 4.8 trillion on logistics cost every year, said Sitharaman
A day after the BJP released its election manifesto with a slew of a promises, Prime Minister Narendra Modi said on Monday that what was witnessed in the last decade of NDA rule was merely a trailer, asserting more was yet to be done for Kerala and the nation's progress and solicited the support of the southern state for the BJP-led alliance in the Lok Sabha polls. Addressing an election meeting organised by the NDA at nearby Kunnamkulam, Modi also attacked Rahul Gandhi, who is presently in Kerala to campaign for the Lok Sabha polls, accusing the Congress leader of being unable to protect his family's seat in Uttar Pradesh and being silent on the Karuvannur bank scam. "What happened in the last 10 years was only a trailer; there is more to be done for Kerala and India," Modi said. He said it will be a year of progress in Kerala and referred to the various promises and development programmes mentioned in the BJP's manifesto -- called 'Modi ki Guarantee' -- that was released on ...
Prime Minister Narendra Modi has said that the BJP used its majority in Lok Sabha for two consecutive terms to strengthen the country while the Congress used its decades-long majority to strengthen its "family", asserting that even the opposition believes that his government will retain power for a third term. In an interview to Hindi daily Hindustan, Modi underlined his commitment to taking strict action against the corrupt amid criticism by opposition parties that probe agencies were used by his government to target their leaders. Steps against corruption are being taken even in states where the BJP is in power, he said, adding that the narrative that only political corruption is being targeted is being circulated by people who are under the sword of investigative agencies. He said, "Of the corruption cases probed by the Enforcement Directorate, only three per cent have people associated with politics. The remaining 97 per cent cases are linked to officials and criminals. Those wh
PM Modi is banking on strong economic progress and Hindu nationalist policies to return to power for a record third term
JD(U) chief and Bihar Chief Minister Nitish Kumar expressed confidence that he would win the trust vote in state Assembly today
Three reasons why 2024 is not like 2004
Within hours of Prime Minister Narendra Modi praising his predecessor Manmohan Singh in the Rajya Sabha, the White Paper criticised almost all aspects of the UPA rule under Singh
Cites transparent allocation of public resources as a catalyst for public welfare
JD(U) president Nitish Kumar, who took oath as Chief Minister of Bihar for a record ninth time on Sunday after a dramatic volte-face, asserted that there is now no question of him going anywhere else, leaving the NDA-fold. Kumar was sworn in by Bihar Governor Rajendra Arlekar at Raj Bhavan here, hours after he resigned from the post, saying "things were not working well" for him in the Grand Alliance and the opposition bloc INDIA. "I was with them (NDA) earlier, too. We went on different paths, but now we are together and will remain so... I came back to where I was (NDA), and now there is no question of going anywhere else, the 72-year-old leader told reporters after taking oath as the CM. He said a total of eight people took oath on Sunday as ministers, and names of the remaining ones will be decided soon. BJP leaders - Samrat Choudhary and former Speaker Vijay Kumar Sinha - will be the deputy chief ministers, Kumar said. Kumar also said he was committed to the development of Bi