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India to witness ‘big-bang’ reforms in Modi’s second term: Government think tank

IN the first 100 days of Indian prime minister Narendra Modi’s second term, ‘big-bang’ economic reforms that should please foreign investors are likely to be pursued, according to a top official at the government’s main think tank. The reforms will include changes in labour laws, privatisation moves, and creation of land banks for new industrial […]

Indian businessmen in UAE rejoice Modi’s poll win

LEADING Indian businessmen in the United Arab Emirates (UAE) have expressed happiness over prime minister Narendra Modi’s thumping win in the elections, saying it would encourage big international companies to invest in India due to a clear mandate and simplified tax structures, according to a media report. Prime minister Modi on Thursday (23) led his […]

Foreign investors hope India dials back policy shocks after Modi win

FOREIGN companies in India have welcomed prime minister Narendra Modi’s election victory for the political stability it brings, but now they need to see him soften a protectionist stance adopted in the past year. Modi’s pro-business image and India’s youthful population have lured foreign investors, with the US firms such as Amazon.com, Walmart, and Mastercard […]

Arun Jaitley unlikely to remain as Indian finance minister

INDIA’S finance minister Arun Jaitley is unlikely to continue in his current role due to poor health as prime minister Narendra Modi begins his second term, according to four sources with knowledge of the matter. The sources said that Jaitley, 66, is unlikely to take up any offer to continue in the top job steering […]

Gandhi-Nehru brand tainted by new election humiliation

A SECOND straight landslide election defeat for opposition Congress leader Rahul Gandhi raised serious questions Friday (24) about his leadership and cast a damaging shadow over one of the world’s most prominent political dynasties. Gandhi, who even lost the family constituency seat to the Hindu nationalist Bharatiya Janata Party of arch-rival Narendra Modi, will have […]

Victory of ‘people’s hope and aspirations’, Modi says thanking supporters

INDIAN prime minister Narendra Modi on Thursday (23) promised to devote “every moment” of his time and “every fibre” of his being for the people of India and said the country will now have only two castes- the poor and those who want to alleviate poverty. In a rousing speech at the party headquarters here […]

Narendra Modi: India’s electoral Midas with golden touch of victory  

Narendra Damodardas Modi on Thursday emerged an electoral superman who stamped BJP’s massive win with his very own imprint, quite like a picture taken in portrait mode – where all else, including the party and its many leaders, recedes into fuzzy background. Towering over India’s political-scape, the RSS ‘pracharak’ who would be electoral king powered […]

Vote share: BJP crosses half-way mark in several states; Congress in single-digits in many

In its landslide victory, the BJP has seen its vote share soar past 50 per cent in at least 13 states and Union territories, a feat which the rival Congress could manage only in Puducherry. Besides, the main opposition party’s voting percentage has remained in single digits in politically important states like Uttar Pradesh, West […]

Four major challenges for India’s victorious Modi

WITH prime minister Narendra Modi and his party re-elected in a landslide, here is a look at the challenges facing his government over the coming five years. Jobs Modi in his first term fell short on creating jobs for the more than a million Indians entering the labour market every month, experts say. A leaked […]

Indian government needs to prioritise land, labour reforms: Analysts

PRIME MINISTER Narendra Modi should prioritise land and labour reforms in his second term, analysts said Thursday (23). The people’s verdict – which has the National Democratic Alliance (NDA) cruising to power such that the BJP will itself have a comfortable majority – will ensure in policy continuity, they said. Domestic rating agency Crisil said […]

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