COALITION PARTNERS
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.
Modi 3.0 takes shape: List of ministers who will likely be part of NDA Cabinet
On Sunday, Bharatiya Janata Party leader Narendra Modi is set to begin his third term, with the National Democratic Alliance playing a significant role. Around 30 ministers will be sworn in at the presidential palace, with their identities yet to be revealed but speculated upon by insiders. In the 2024 elections, Modi's BJP fell short, prompting negotiations with the 15-member coalition, the NDA, to secure parliamentary majority.
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.
NDA elects Modi as PM, head of coalition and Leader of the House in Lok Sabha
President Droupadi Murmu appointed Narendra Modi as the next Prime Minister of India after the National Democratic Alliance (NDA) submitted letters of support. The appointment was confirmed by Rashtrapati Bhavan, stating that Modi will lead the 18th Lok Sabha. The swearing-in ceremony is scheduled for June 9.
Ahead of D-Day, Amit Shah, JP Nadda and Rajnath Singh may coordinate with allies
The Bharatiya Janata Party (BJP) is intensifying efforts to form the government swiftly, with top party leaders engaging in discussions on Thursday to outline the government's structure. Senior BJP leaders, including Amit Shah, Rajnath Singh, and general secretary BL Santosh, held a crucial meeting at the residence of BJP chief JP Nadda. Additionally, separate meetings were conducted with senior Rashtriya Swayamsevak Sangh (RSS) functionaries to gather insights and perspectives.
Job market recovery may slow, for now
The absence of a decisive mandate in the 2024 elections may impact job market recovery temporarily. Coalition partners will have a stronger voice in policy decisions, affecting investor sentiment. Experts anticipate a short-term slowdown in job creation.
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.
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.
Turbulence ahead? Nitish Kumar, Tejashwi Yadav leave for Delhi on same flight
Following the contested Lok Sabha elections, India's political landscape is heating up, with both the National Democratic Alliance (NDA) and the INDIA bloc preparing for crucial meetings in Delhi. Bihar Chief Minister Nitish Kumar and his opponent, Tejashwi Yadav of the Rashtriya Janata Dal (RJD), departed together to Delhi.
With BJP falling short of majority, Nitish Kumar and Chandrababu Naidu return as kingmakers
After 27 years, as the election results poured in on Tuesday, it became clear that Naidu, now 74, is back in his old avatar – of being the kingmaker. TDP has emerged the second-largest party in the NDA with 16 LS seats and cornered 134 of 175 assembly seats in Andhra Pradesh. Result: BJP needs Naidu’s support at the Centre, but he does not need them in the state. He is a kingmaker now.
Should market worry about whether policy continuity is here to stay or not? Swaminathan Aiyar explains
And I would say managing the coalition again becomes much easier if you stick to continuity. If you want to have sudden changes of policy, various people can have objections because any sudden change of policy creates losers and politicians hate to have the losers, even if there are going to be winners later on.
After sales of over Rs 12,000-crore in a day, FPIs could wait & watch
Analysts anticipate pressure on the new government to balance coalition demands with economic policies. U R Bhat expects policy continuity despite BJP's lower seat count.
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.
The ANC party that freed South Africa from apartheid loses its 30-year majority
With nearly 99% of votes counted, the once-dominant ANC had received just over 40% in the election on Wednesday, well short of the majority it had held since the famed all-race vote of 1994 that ended apartheid and brought it to power under Nelson Mandela. The final results are still to be formally declared by the independent electoral commission that ran the election.
Full majority, just majority, hung parliament: S&P Global Market Intelligence analyses scenarios and road ahead for India
S&P Global Market Intelligence anticipates continued policy emphasis on strategic sectors post the Lok Sabha election, regardless of outcomes. Factors influencing voter choices include economic growth, inflation, employment, and foreign policy. The analysis explores three election result scenarios, projecting implications on sectors and foreign policy strategies.
INDIA bloc to pick PM within 48 hours, party with maximum seats 'natural claimant' to leadership: Jairam Ramesh
Congress leader Jairam Ramesh discusses the potential inclusion of NDA allies like JD(U) chief Nitish Kumar and TDP president N Chandrababu Naidu in the INDIA bloc post Lok Sabha polls.
Congress' Shashi Tharoor defends Kejriwal's remarks on PM Modi's age, calls it right to point out "contradiction"
Tharoor supports Kejriwal's stance on Modi's age, foresees a PM change by June 2024, criticizes Amit Shah's contradictions, and emphasizes the ongoing elections' significance, highlighting the prospect of a coalition government in Maharashtra.
INDIA bloc PM will be first among equals, all oppn parties will join hands after polls: Shashi Tharoor
Tharoor envisions a collaborative INDIA bloc coalition government post-elections, emphasizing the importance of consensus and diverse perspectives in governance. He advocates for a prime minister who values unity and effective management, contrasting autocratic tendencies.
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