THREE PARTY COALITION GOVERNMENT
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.
German government averts crisis with budget agreement for Europe's largest economy
The German government, led by Chancellor Olaf Scholz, reached an agreement on Friday regarding the 2025 budget and a stimulus package for the country's economy. This resolution concluded a prolonged dispute within Scholz's center-left coalition involving the Social Democrats, Free Democrats, and Greens. The budget plan, finalized after extensive negotiations, involves repurposing 60 billion euros in unused COVID-19 emergency funds, despite earlier legal challenges against such actions.
Puducherry: Ruling coalition MLAs knock at Delhi's doors against AINRC-BJP govt
A political crisis is brewing in the union territory of the ruling AINRC-BJP coalition in Tamil Nadu, with saffron party MLAs expressing dissatisfaction with the government over issues such as corruption. They have called on the national leadership to set things right before they worsen. The local BJP unit is also facing tensions, with calls for replacing the incumbent UT head due to the party nominee's loss in the recent Lok Sabha elections.
Nepali Congress discuss government formation & future course of action
The Nepali Congress key committee met to discuss the country's political situation and future strategy following a power-sharing deal with CPN-UML to form a new government. The agreement includes a rotation for the prime ministerial position, with Oli leading first and Deuba for the remaining term. Prachanda, the current PM, faces a vote of confidence amid calls for his resignation.
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.
"Did a lot of work," says Maharashtra CM Shinde on completion of 2 years of Mahayuti government
Maharashtra Chief Minister Eknath Shinde praised the Mahayuti coalition government for its achievements over the past two years, particularly in infrastructure projects. He commended Prime Minister Narendra Modi's development efforts, asserting that Modi's decade of work surpasses what Congress achieved in 50-60 years. Shinde emphasized Maharashtra's support for Modi's vision, expressing confidence that India will become a global economic power during Modi's third term, aiming for a $500 trillion economy and continued global influence.
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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.
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.
Seven former CMs part of new council of ministers
While five of these former chief ministers are from the Bharatiya Janata Party (BJP), Kumaraswamy and Manjhi represent two of the BJP's allies -- JD(S) and Hindustani Awam Morcha, respectively.
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.
Economists expect big-bang reforms to continue under Modi 3.0
Modi is set to be sworn in for third term as India's Prime Minister in coalition government with key partners Telugu Desam Party and Janata Dal (United). Economists anticipate focus on economic reforms to achieve goal of Vikshit Bharat by 2047. Budget to prioritize infrastructure, manufacturing, and welfare schemes amid global economic challenges.
Investment returns during coalition govt: Modi 3.0 might be good for stock market, mutual fund investors, show trends during previous govts
How will be Modi 3.0 for investments? The stock market experienced a sharp decline following the Lok Sabha elections 2024, causing concern among young investors. They are worried about their investments as a coalition National Democratic Alliance (NDA) government prepares to take oath on June 9, 2024. Will the volatility in the stock market continue? How will NDA-3.0 be for your hard-earned money? Is there a bad government for your investments? Should the incoming government worry debt investors? Should you invest in equities, mutual funds or debt instruments? Questions such as these are worrying investors. So here are some answers that should give an idea of what is in store for you in the next five years.
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.
Time will tell if Modi can run a stable government, says P Chidambaram
Chidambaram questions the stability of PM Narendra Modi's coalition government and discusses the challenges of forming alliances with regional parties. He emphasizes the Congress' focus on electoral transparency and improvement, rejecting comparisons between Modi and Nehru and criticizing misleading exit polls.
Lok Sabha results won't force India's budget to make significant policy shifts: Fitch
Fitch Ratings anticipates minimal policy shifts in India post-election losses. The upcoming July budget will detail economic reform plans and fiscal goals for the next five years, crucial for addressing fiscal metrics, reducing debt, potential deviations from capital expenditure commitments, the risk of heightened social spending, progress in judicial reforms at the state level, and reforms in the manufacturing sector.
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.
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.
Expect some degree of volatility till the Budget: Sunil Subramaniam
But I now expect consumption to redress the balance and you will get a far more broad-based recovery, that is number one. Number two is I think that now with the lessons of what happened in this election, we expect the BJP itself to take necessary corrective action since it has got power for the next five years so that the very next election they will be in a position.
After two Lok Sabha iterations, multiplayer politics on the national level gets its mojo back
We, along with Modi, are entering uncharted waters now. Uncharted not for India, of course - which has had plenty of trysts with coalition governments since the time pre-millennials can remember - but for the PM on his third gig unfamiliar with power-sharing, and for us, not knowing how he'll handle anything more than his own set of demands.
Not to mention political consensus
The Lok Sabha election results revealed the strategic importance of coalitions beyond their tactical value in contests, emphasizing that 'coalitioning' and going alone are means to an end in governance terms.
A humbled Modi needs allies, and answers to India's unemployment, inflation
Indian Prime Minister Narendra Modi is set to win a rare third term in office, but with a smaller-than-expected mandate. He will have to rely more on allies to form government. Populism and welfare policies will "gain currency" as Modi will have to depend on regional leaders, said an analyst.
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.
From Street darlings to sell-off targets, PSUs feel the heat
PSUs tanked in trading post BJP's election setback. Concerns arise over govt's focus on reviving state-owned companies. Stocks plunge, eroding market cap by ₹10.62 lakh crore.
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.
A tale of two INDIAs: One springs a surprise, the other keeps BJP below halfway mark
The opposition INDIA bloc, led by Congress, achieved a significant poll performance in key states, including Uttar Pradesh, preventing the BJP from securing a majority in the Lok Sabha. Rahul Gandhi emphasized the rejection of Narendra Modi and Amit Shah, triggering a stock market plunge.
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.
Pakistan's ruling coalition of PML-N and PPP invite Imran Khan's party to 'meaningful' talks
The ruling coalition of PML-N and PPP has invited Imran Khan's PTI party to abandon street protests and engage in dialogue with the government, as reported by The Express Tribune on Monday.
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