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

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

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

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

Modi set to take oath for the third time on June 8 as allies pledge support

Narendra Modi gestures as he arrives at BJP headquarters in New Delhi

HYDERABAD/NEW DELHI, June 5 (Reuters): Indian Prime Minister Narendra Modi’s National Democratic Alliance formally named him on Wednesday to lead a new coalition government for a third straight term, a day after it regained power with a surprisingly slim majority. Modi, a populist who has dominated Indian politics since 2014, will for the first time head a government dependent on the support of regional allies whose loyalties have wavered over time, which could complicate the new cabinet’s reform agenda. A day after the humbling election outcome for his Bharatiya Janata Party (BJP) became clear, Modi submitted his resignation to President

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