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India’s Modi prevails over allies in cabinet line-up

June 11, 2024
General

NEW DELHI, June 11 (Reuters): Indian Prime Minister Narendra Modi has retained all key cabinet ministers in their portfolios in the new government, signalling that he still calls the shots despite having to rely on coalition allies for a majority in parliament. Modi’s Bharatiya Janata Party (BJP) fell well short of the majority mark on its own in the election that ended this month, but the government announced there will be no change in personnel at the four senior-most ministries – finance, home affairs, defence and foreign affairs. The party also retained other key ministries like commerce and agriculture. Delhi

Modi’s alliance unanimously elects him to lead as PM for third term

June 7, 2024
General
Narendra Modi gestures as he arrives at BJP headquarters in New Delhi

NEW DELHI, June 7 (Reuters): India’s Narendra Modi was formally elected on Friday by lawmakers of his National Democratic Alliance (NDA) to be prime minister for a historic third consecutive term, as the world’s most populous nation returns to government by coalition. Modi will next meet President Droupadi Murmu later in the day and present his claim to form a new government, with a spokesperson for one of his allies saying his swearing-in was set for Sunday evening. It is the first time in a decade that Modi’s Bharatiya Janata Party (BJP) has needed the support of regional parties to

Ex-IAS officer calls for ED probe into June 4 Stock Market crash

June 6, 2024
General

This was further aggravated by the recent stock market crash on June 4 and has sparked off a lot of debate and hence there is a call by the enforcement directorate for investigation. The most prominent figure demanding a special investigation has been the former IAS officer Dr. Rajesh Sharma who has been demanding that a detailed investigation should be carried out so as to establish what led to the market to crash within a short span. Explaining the factors for the June 4 stock market crash This paper will examine the occurrence of stock market crash that happened in

BJP loses majority: How it’s impacts Modi’s economic reforms

June 5, 2024
General
How India’s economy has fared under ten years of Narendra Modi

There have been discussions around the world recently over the new turn in electoral politics in India with reference to how the BJP has lost its absolute majority in the Lok Sabha. This shift in political situation is very important for economic and fiscal changes initiated by Prime Minister Narendra Modi for which concern from the side of leading global rating agencies is expressed. BJP and Coalition Formation It must however be noted that the BJP won 240 parliamentary seats in the just concluded 2019 Lok Sabha polls but failed to achieve a clear majority. Therefore, the party plans to

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