The BJP-led National Democratic Alliance's (NDA) slim majority in Lok Sabha may delay more far-reaching economic and fiscal reforms that could impede progress on fiscal consolidation, Moody's Ratings said on Wednesday. NDA securing a majority in the general elections will give a historic third term for Narendra Modi as Prime Minister of India. "We expect policy continuity, especially with regards to budgetary emphasis on infrastructure spending and boosting domestic manufacturing, to support robust economic growth.
Among the 30 Sensex companies, Power Grid, Axis Bank, State Bank of India, Bajaj Finserv, Reliance Industries and NTPC were the biggest gainers. Tech Mahindra, Infosys, Wipro, HCL Technologies and Titan were among the laggards.
Among the 30 Sensex companies, Tech Mahindra, HCL Technologies, State Bank of India, NTPC, Infosys, Larsen & Toubro, Tata Consultancy Services and Wipro emerged as the biggest gainers. Hindustan Unilever, Asian Paints, Mahindra & Mahindra, Nestle, IndusInd Bank and Sun Pharma were among the laggards.
While the coalition will not be unstable because of pressures, the effort from partners will be to constantly remind the central government and the BJP how much it is dependent on them.
Although the Bihar CM is mum over his next move, speculations of a rift between Mahagathbandhan and JD-U leader Nitish Kumar joining the NDA, have been soaring high.
Convert the Haryana result into a blessing in disguise; make the calamity into an opportunity. Maharashtra was always the big ticket game in town; MVA must win it. The Congress should shift headquarters to Mumbai for the entire month. Show urgency and a hunger to win, asserts Sanjay Jha.
With 12 MPs, the JD-U is the second biggest Bharatiya Janata Party ally after the TDP's 16, and leaders of the saffron party are in touch with allies over ministerial berths and other issues.
The crime investigation department booked Prajwal, grandson of former prime minister HD Deve Gowda, after a JD-S worker from Hassan lodged a complaint against him.
'If the NDA comes to power with 320-330 plus seats, then we could see some correction. We could possibly see a level of 19,500 to 20,000.' 'If the NDA comes to power with a majority of 400-plus, we could see the markets going to about 23,500-24,000 levels.' 'And from there we could see some correction because markets are expensive at this point of time and a correction is overdue.'
The first session will commence in the third week of June with the oath-taking by the newly elected candidates as members of the House, the sources said, adding the oath-taking is likely to continue for two days, following which a new Speaker will be elected.
The article had criticised the BJP for forming an alliance with the NCP.
Modi also alleged the opposition grouping will end the reservation given to SC, ST, OBC and give all of it to Muslims.
Shiv Sena-Uddhav Balasaheb Thackeray leader Priyanka Chaturvedi on Wednesday took potshots at the rival Shiv Sena over its minister not finding a place in the reconstituted NITI Aayog.
'We want to strengthen hands of Modiji and sure that LJP (Ram Vilas) will contest polls as an ally of NDA.'
On the Opposition's poll promise of statehood restoration, Shah said, "I want to ask Farooq Abdullah and Rahul Gandhi, who is going to restore the statehood. You cannot give it back. Why are you misleading the public?"
Nepalese Prime Minister Pushpa Kamal Dahal 'Prachanda', Bhutanese Prime Minister Tshering Tobgay and Prime Minister of Mauritius Pravind Jugnauth are set to be invited to Modi's swearing-in ceremony.
As Modi's government embarks on its third term, apart from ensuring these schemes boost India's green mobility, addressing bottlenecks like battery swapping and meeting PLI deadlines are likely to be the government's major tasks.
Rashtriya Janata Dal leader Tejashwi Yadav on Thursday asserted that 'something major' will take place, after Lok Sabha results are out, in Bihar where Chief Minister Nitish Kumar seemed to be 'not going along well' with ally Bharatiya Janata Party.
Ending the more than a month long suspense over cabinet formation, five ministers, including two from the Bharatiya Janata Party, were inducted in the Chief Minister N Rangasamy-led National Democratic Alliance cabinet.
Sharif was the only prime minister from India's neighbourhood who wasn't invited to the swearing-in ceremony in New Delhi.
A multi-layer security arrangement involving five companies of paramilitary personnel, NSG commandoes and snipers have already been deployed around the Rashtrapati Bhawan. Drone cameras have also been put into service.
Uncertainty shadows the composition of the two main political alliances in Bihar with several parties still exploring their choices as the Election Commission on Friday announced the schedule for the assembly polls.
Sources said Paswan's party may contest on five of the 40 Lok Sabha seats in Bihar.
From putting up a decent performance in the last Lok Sabha polls in Uttar Pradesh winning 10 seats stitching an alliance with arch rival Samajwadi Party, Mayawati-led Bahujan Samaj Party drew a blank in the current general elections, dealing a severe blow to its reputation of representing the voice of Dalits in the state.
Prime Minister Narendra Modi will move the motion today in the Lok Sabha to choose Om Birla as the Speaker of the lower house amid a tussle for the post with the opposition's Indian National Developmental Inclusive Alliance (INDIA).
The RJD polled the highest vote share in Bihar, but it was not reflected in the number of seats it won.
National Democratic Alliance nominee Om Birla was elected as Lok Sabha speaker on Wednesday after a motion moved by Prime Minister Narendra Modi was adopted through voice vote, capping intense debate on the issue with the opposition in a rare move proposing its own candidate.
"People ask me why I am now criticising Nitish Kumar, having worked with him in the past. He was a different man back then. His conscience had not been put up for sale," said Kishor, who had managed the JD-U president's election campaign in 2015 and formally joined the party two years later.
'Amit A Shah has assured us that the BJP will follow 'alliance dharma'.' 'If they follow it, the alliance will be intact.'
Asked how many seats INDIA bloc will get, Gandhi said, "Have you heard Sidhu Moose Wala's song '295'? So 295 (seats)."
The SBSP has six MLAs in the Uttar Pradesh legislative assembly.
Prime Minister Narendra Modi Wednesday took the Congress to the cleaners over making the 2024 general elections about the protection of the Constitution, saying Indians voted on the plank only once when they threw out the Indira Gandhi government in 1977 after the Emergency.
'The BJP will use Samrat Choudhary and Vijay Kumar Sinha to check Nitish Kumar.' 'They will not allow him to function freely as before.'
As many as six who hold law degrees include cabinet ministers Nitin Gadkari, J P Nadda, Piyush Goyal, Sarbananda Sonowal, Bhupender Yadav and Kiren Rijiju.
Shekhawat, the BJP's poll in-charge for Punjab, said to finalise the seat sharing agreement, a joint committee will be formed comprising two leaders from each party.
The BJP's strategy seem to be to wean away allies from the Congress, in Dravidian Tamil Nadu, and maybe later in UP, Bihar and elsewhere, though in slow doses, but without wooing them into a new alliance. The idea seems to be only to weaken the INDIA bloc from within -- and leaving it at that, notes N Sathiya Moorthy.
'Was an NDA meeting held to decide if the Shiv Sena has to be removed from the NDA?'
The Bharatiya Janata Party and its allies on Tuesday welcomed the Union Budget and said it focussed on youth, farmers, women, and has 'substantial allocations' for Maharashtra, but the opposition slammed the annual financial statement, claiming it neglected the western state and only seeks to please the saffron outfit's partners in Bihar and Andhra Pradesh.
'You can attack and conspire to weaken us, but you cannot destroy the Congress permanently.'
He was administered the oath of office by Governor Rajendra Arlekar at the Raj Bhavan in Patna.
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