BJP LED NDA COALITION
Congress hits back at PM Modi, says people told his govt in polls 'tumse na ho payega'
Congress president Kharge criticized PM Modi's governance, highlighting the disillusionment of various demographics with the BJP's promises and slogans, urging respect for democracy and the people's sentiment.
Lok Sabha Speaker poll: Om Birla vs K Suresh; key points
The Speaker election in the Indian Parliament showcases a dynamic interplay of political strategies and alliances. With the BJP-led NDA government holding a numerical advantage, the Opposition's attempts to rally support for their candidates underscore the competitive nature of the electoral process. Key figures like Rajnath Singh and Amit Shah are pivotal in shaping the unfolding events, while the support announcements from various parties add layers of complexity to the proceedings.
Consensus on speaker only if govt agrees to deputy post for Opposition
The Opposition stand comes in the wake of it planning to pull out its three representatives, earlier named by the government to assist the protem Speaker in administering oath to the newly elected members of the Lok Sabha, as a protest against the ruling side overlooking seniormost MP Kodikunnil Suresh (Congress) for the post.
Andhra Pradesh assembly session begins, first after TDP-led coalition comes to power
The maiden session of the 13th Andhra Pradesh Legislative Assembly began with newly-elected MLAs taking oath. The session was presided over by Pro-tem Speaker TDP MLA G Butchaiah Chowdary. CM N Chandrababu Naidu attended after over two years, marking Pawan Kalyan's debut; upcoming elections for Speaker and Deputy Speaker, with TDP's C Ayyannapatrudu favored for Speaker. Naidu and Kalyan took oath, with Naidu exchanging pleasantries as the NDA alliance secured a majority in the elections.
Modi-led NDA govt must tackle unemployment problem, especially in unorganised sector: Rajiv Kumar
Former NITI Aayog Vice Chairman Rajiv Kumar emphasized that the Modi government's third term must address unemployment, particularly in the unorganized sector and SMEs. He highlighted the need to finalize the delayed four labor codes and recognized the K-shaped economic recovery post-COVID. Large corporations and highly skilled individuals have prospered, while lower-end workers and SMEs struggle.
From being twice CM to now union minister, Kumaraswamy demonstrates political acumen again
JD(S) leader H D Kumaraswamy, a two-time chief minister and five-time MLA, secured a seat in the union council of ministers, showcasing his political acumen.
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Former Bihar CM Jitan Ram Manjhi expresses confidence in stability of BJP-led NDA govt
In an interview with ANI, the former CM of Bihar said, "One who treads on the difficult path has a speciality to reach his destination, not the one who treads on an easier path. This scenario matches exactly with the third term of Narendra Modi Ji. Initially, it was Prime Minister Jawahar Lal Nehru, who reigned for the third consecutive term as Prime Minister. After 62 years, this day has come again for Prime Minister Narendra Modi and he will complete his full term."
India to scale 'new heights' of progress under PM Modi's leadership, say NDA partners
President Droupadi Murmu appointed NDA Parliamentary Party leader Narendra Modi as prime minister-designate. Modi received congratulations from BJP and coalition leaders predicting progress under his leadership over the next five years. Telugu Desam Party MP Kinjarapu Ram Mohan Naidu confirmed support for the NDA, emphasising their commitment to nation-building and regional aspirations. Various leaders expressed confidence in Modi's leadership and the NDA government's ability to advance the country's development.
Budget to indicate policy priorities of coalition govt, says Moody's
Moody's Analytics highlighted that the upcoming Union Budget will set policy priorities for the coalition government, shaping the next five years' growth trajectory.
Mandate 2024 is about making economic governance the new govt's centrepiece
Even though India is experiencing an 8.2% growth rate, the real political question is whether the people feel this growth. Opinions will vary, but the essential takeaway is that much more needs to be done, as indicated by the mandate in Lok Sabha elections.
Coalition politics, weakened mandate could make passing legislations on ambitious reforms challenging: Fitch
Fitch Ratings predicts that the new government in India, led by Narendra Modi, will face challenges in passing legislation on ambitious reforms due to coalition politics and a weakened mandate. Major reforms to land and labour laws will remain on the agenda, but these have been contentious and the NDA's weaker mandate could complicate their passage further. 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 in 2014.
NDA government 3.0 hopes fuel Street rebound
India's equity indices surged over 3% on Wednesday following a 6% plunge due to election results. Stocks rebounded on expectations of NDA forming the government. Market volatility is expected until government formation, with limited upsides currently.
Coalitions, building economic agreement
India's economic reforms are not slowed down by re-entering coalition politics. The country has a history of tough decisions and reformist outcomes under coalition rule since the 1990s.
Ukraine President Zelenskyy hopes for India's presence at Swiss peace summit next week
Ukraine President Zelenskyy congratulated PM Modi on India's parliamentary election win and invited India to a peace summit in Switzerland regarding the Russia-Ukraine conflict.
NDA fared badly in final phase of Lok Sabha polls in Bihar
In the latest elections in Bihar, the NDA, led by BJP, saw a significant drop in Lok Sabha seats compared to previous years. The coalition, previously strong with ally JD(U) and Chief Minister Nitish Kumar, faced challenges without him.
BJP has more seats than the INDI bloc but here's why it still feels like a defeat
The 2024 Lok Sabha election results have ushered in a paradoxical sentiment for the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA). Despite securing a third consecutive term, the NDA's victory feels somewhat hollow in the wake of the opposition's impressive performance. Prime Minister Narendra Modi is set to return for a third term, but the BJP's reliance on allies underscores a shifting political landscape.
Brute majority or coalition pressure, India's growth to be perpetual theme
India's growth story may thrive under a coalition rule despite no party having an absolute majority. Past data suggests coalition governments have effectively boosted growth but struggled with inflation. Inflation rates varied under different regimes, with Narendra Modi's government seeing 5.4% inflation during its tenures.
Election Result 2024: Narendra Modi-led NDA wins world's largest elections, but there's a lot to brood over
Election Result 2024: The BJP-led National Democratic Alliance (NDA) is struggling to achieve the 400-seat target set by Prime Minister Narendra Modi in the 2024 Lok Sabha election. Falling short of the 272-seat majority mark, the BJP will need support from key allies like Chandrababu Naidu's TDP and Nitish Kumar's JD(U) to form the next government. Unemployment, inflation, inequality, farmers' protests, and concerns over a repressive government are major challenges for the new NDA coalition government.
Tejashwi Yadav drops a big hint over INDI govt formation at the Centre after flight with Nitish Kumar to Delhi
In response to reporters at the Delhi airport, RJD leader Tejashwi Yadav advised to "wait and watch" regarding the INDI alliance forming a government. His comments came before the INDI alliance meeting and after traveling with Bihar CM Nitish Kumar. This reflects the strategic maneuvers both NDA and INDI are undertaking post-election results.
Taking stock: When Street swings to the count of votes
Nifty saw its biggest fall in 20 years after the BJP fell short of a majority. The markets, expecting a BJP win, now face correction due to high valuations.
Abki Baar coalition Sarkar: India delivers a fractured mandate that will require the BJP to seek the help of NDA allies
The Lok Sabha 2024 elections saw the return of the coalition era with the ruling BJP falling short of the majority but forming the government with the National Democratic Alliance. Key allies like Chandrababu Naidu from the Telugu Desam Party and Bihar Chief Minister Nitish Kumar played crucial roles in securing stability.
How different will a Modi-led NDA government be from a Modi-led BJP government?
The Verdict 2024 reflects the electorate's support for Prime Minister Narendra Modi and his alliance, emphasizing the importance of collaborative governance and economic development. The upcoming Modi-led NDA government must focus on cooperative federalism, coalition politics, and leveraging parliamentary committees for effective policy implementation.
NDA to form government, big decisions will be made in third term: PM Modi in victory speech
PM Narendra Modi today said that the BJP-NDA alliance is set to form government for the third time. Speaking to party workers at the BJP headquarters in New Delhi, he said that after 1962 this is the first time that a govt is coming back for third term. The prime minister also highlighted that BJP is set to form government in Odisha for the first time.
From supremacy to coalition dharma: A new path for BJP
In the aftermath of the Lok Sabha election results, the BJP-led NDA appeared unlikely to reach the majority mark on its own, signaling a return to coalition politics. With allies like TDP and JD(U) in focus, intense negotiations are underway as the BJP navigates forming a government amidst unexpected outcomes. The transition from Modi's majority rule to coalition governance poses challenges and uncertainties for India's political landscape.
Lok Sabha Election Results 2024: From Dhruv Rathee to RCB, check out Hilarious memes that will make your day
As the numbers rolled in, social media exploded with memes and reactions. People across platforms like X (formerly known as Twitter) and Instagram were quick to comment on the BJP's unexpected performance. Memes about the "400 Paar" slogan not hitting the mark were everywhere, showcasing the internet’s knack for humour even in serious political moments.
SBI investors lose Rs 1 lakh crore as PSU bank tanks 13%
SBI shares plunged by 13%, wiping out Rs 1.07 lakh crore from market cap amid a broader sell-off in PSU bank stocks, impacted by lower-than-expected victory margins in the Lok Sabha elections. Expert views remain mixed, with bullishness on private banks.
PSU bank stocks tumble up to 20% as early counting trends lower than exit poll predictions
PSU bank stocks dropped up to 20% on BSE as BJP-led NDA led in early election trends, defying exit polls. Central Bank, Union Bank, Canara Bank, PNB, and others saw significant declines. Analysts favor private banks like ICICI and HDFC amid political uncertainty. Shares of the State Bank of India cracked 19%. Meanwhile, Punjab National Bank, Bank of Baroda, Canara Bank, and Bank of Maharashtra also shed between 17-20%.
If exit polls hold true, these stocks are set to surge under Modi 3.0
Modi stocks are companies or sectors that have benefited directly from government policies and initiatives under PM Narendra Modi, making them attractive to investors looking to capitalize on government-driven growth. CLSA has identified 54 such companies, perceived as direct beneficiaries, half of which are PSUs.
Haryana Exit Polls 2024 Live Updates: BJP to dominate Haryana with 6-8 seats, predicts multiple exit polls
Haryana2024 Exit Polls Live Updates: The state of Haryana, ranking 18th in India's Lok Sabha seat allocation, has ten seats. Out of these, nearly eight are unreserved, and two are reserved for SC candidates. The BJP had won all ten seats, building on their success from 2014 when they secured seven seats.
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