COALITION BUILDING
Budget 2024: A coalition budget may require Modi to bow down to states' demand
Budget 2024: The Indian government's coalition government, led by Narendra Modi, may face challenges in achieving a 'Viksit Bharat' due to the recent meeting between Telugu Desam Party (TDP) supremo Nara Chandrababu Naidu and BJP's top-brass. Naidu has listed state-specific demands for Andhra Pradesh in the forthcoming Budget 2024, with PM Modi agreeing in principle to provide financial support.
Modi’s top coalition ally Chandrababu Naidu seeks more than Rs 1 lakh crore handout
Key allies in Modi's coalition government, N Chandrababu Naidu and Nitish Kumar, are seeking substantial financial support for their states. The demands include funds for building a new capital and infrastructure projects. This puts pressure on the national budget and raises concerns about increasing debt.
Nepali Congress & CPN-UML strike deal to oust PM 'Prachanda'; to form new alliance
Nepali Congress President Sher Bahadur Deuba and Communist Party of Nepal-Unified Marxist Leninist (CPN-UML) chairman and former prime minister K P Sharma Oli reached an understanding on forming a new coalition on Monday midnight, according to former foreign minister Narayan Prakash Saud.
Fiscal discipline key to India's growth prospects: Sanjay Nayar
So, we will have to also think about how we channel the energies towards more advanced and more modern techniques and technology, because that is what we need right now.
Cyril Ramaphosa swears in for second term as South African president
Cyril Ramaphosa was sworn in for a second term as South Africa's president in Pretoria. He formed a coalition government after his party lost its parliamentary majority. The inauguration ceremony included various dignitaries and marked the beginning of a challenging final term for Ramaphosa, who will lead the first coalition government in South Africa's democratic history.
South African President Cyril Ramaphosa seems set for reelection after key party says it will back him
South Africa's Democratic Alliance (DA) has formally signed a coalition agreement with Cyril Ramaphosa's African National Congress, ensuring he will be reelected in Parliament for a second term. The DA, once the ANC's biggest political foe, will now support Ramaphosa and continue the ANC's three-decade hold on the presidency. The DA, the second largest party in Parliament, has a potentially decisive number of lawmakers.
Manufacturing sector looks for policy continuity, fresh PLIs
Narendra Modi-led NDA govt's third term brings hopes for manufacturing sector with policy continuity, new PLI schemes, and TDP's Chandrababu Naidu joining alliance for reform and innovation.
Industry expects growth-oriented policies; doesn't see coalition as speedbreaker: Anish Shah
Mahindra Group CEO and MD Anish Shah expressed optimism about the continuation of growth-oriented policies in the third term of Prime Minister Narendra Modi-led government. He emphasized that coalition politics will not hinder progress. The industry expects the government to focus on manufacturing for the world, women-led development, farm-led prosperity, and sustainability.
Swearing-in ceremony of a coalition government
It was the fifth oath-taking ceremony at the Rashtrapati Bhavan forecourt and was the largest. Besides Prime Minister Narendra Modi, leaders of regional parties, including Chirag Paswan and Ram Mohan Naidu, received the loudest cheer.
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.
Transgender community members, sanitation workers, labourers to attend Modi's oath ceremony
Transgender community, labourers, and sanitation workers who contributed to the new parliament building are invited to PM-designate Narendra Modi's swearing-in ceremony. BJP MPs felicitated them as part of PM Modi's inclusivity message. This is the first formal invitation to the transgender community for such an event.
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.
Decades-old NDA a natural alliance: Modi
Prime Minister Narendra Modi emphasised at the first NDA parliamentary party meeting of the 18th Lok Sabha that the alliance's longevity of over three decades is due to its organic nature focused on nation-building, highlighting the importance of consensus over majority, good governance, and collaboration among partners for the country's growth, while also taking jibes at the Opposition over the EVM controversy during the elections.
Hindalco, HUL, GAIL among 24 stock recommendations by Yes Securities
Yes Securities has mentioned 24 stocks across 8 sectors, including Hindalco, HUL, GAIL, in its conviction list, stating that the markets tend to perform well after the election results.
Valuations in PSU capital goods, infra & defence remain expensive: Pratik Gupta
The macro environment is extremely stable, whether it is the fiscal deficit, the current account deficit, inflation, forex reserves, so that is really one of the big attractions for both global as well as domestic investors.
Modi's coalition government will be beneficial for India, says Eurasia Group
Eurasia Group President Ian Bremmer considers India’s new coalition government under Prime Minister Narendra Modi the best outcome for the country. The divided power structure necessitates consensus-building, benefiting Indian democracy. Modi’s need for allies to govern will drive economic reform but may slow contentious agendas like Hindu nationalism.
Is it prudent to chase FMCG stocks or wait for correction? Gurmeet Chadha answers
The tougher reforms I think might take a bit of a backseat or probably would require more manoeuvring but the normal policy reforms like the price to be given for defence or power solar panels or auto and in general the economic reforms which are more BAU and not really needs coalition dharma will continue.
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.
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.
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