From investment to Social Sector reform, Modi’s government has transformed the country’s political landscape after two years in power
THE National Democratic Alliance (NDA) gov- ernment, led by prime minister Narendra Mo- di, has completed its two years in office.
It is normal for any government which enters the middle of its tenure to consolidate its road map for the future. For the Modi government, the first two years have been like the slog overs [to use a cricketing term]
The government was formed in a peculiar environment. The (previous coalition govern- ment, the United Progressive Alliance) UPA had abandoned policy formulation. It was dubbed as an era of ‘policy paralysis’. Both global and do- mestic investors had started disregarding India. India was off their radar. The credibility of gov- ernance was marred with scams and scandals. The Prime Minister’s office (PMo) was no long- er the repository of the last word.
The 2014 election verdict was aspirational. The decisive majority in the Lok Sabha (lower house of parliament) made decision-making easier for the new government. The prime min- ister, by instinct, is decisive, so the character of governance has changed.
Prime minister Modi and his team have pre- sented India with a changed political and gov- ernance culture. That India can have a clean government at the centre where files move on their own, middlemen are unemployed, discre- tions are eliminated, is a reality being presented before the country today. From ‘policy paralysis’, India has transformed into the fastest-growing global economy for two years in a row.
Federalism has been respected as never before. The prime minister, with his hands-on ap- proach, has given India a government that projects itself as different from its predecessor. India needed investment – it is the starting point of all economic activity. Both the banks and the private sector had overstretched them- selves during the UPA government. Thus, a bulk of investment in the past two years came by way of enhanced public expenditure and Foreign direct Investment (FdI).
The emphasis of the investment has been In- dia’s infrastructure, rural sector and social sec- tor. The highways sector is booming all over again. The expenditure this year on India’s rural roads will be three times what it was earlier. Twenty-five more regional airports will be added. The railways are being strengthened. With the re-development of 400 major railways stations, the face of Indian railways will be changed.
There is more power available than India needs. The port capacity is being strengthened with ad- ditional investments. Game-changing initiatives in the oil and gas sector have been undertaken. electrification of all un-electrified villages, ex- pansion of rural roads, rural sanitation, housing for all, enhanced expenditure on irrigation, more money for the rural employment Guaran- tee Scheme, more money for interest subvention to make cheaper capital available for the farmer, are all instrumentalities of funding rural India.
The social sector schemes have been path- breaking. The Pradhan Mantri Jan dhan Yojana is the largest-ever financial inclusion scheme in the world. every Indian today has the facility of being connected to a bank account. Subsidies are being rationalised so as they are targeted only to the poor and needy.
The direct Benefit Transfer is saving a lot of money so that it can be preserved for the more deserving. The cheap insurance schemes, the employment generating Mudra Yojana, land- mark crop insurance schemes and the proposed health insurance for the weaker sections of soci- ety are a part of the larger social security pack- age that the government has rolled out.
For the first time in India’s history, coal and mineral spectrums are available only through online auctions. The mining sector today has been opened up for investment. The non-dis- criminatory system of allotment is in sharp contrast to the scam culture of the past.
Taxation in India was perceived as extra ag- gressive. Today, 94 per cent of assessees file their returns online, all taxpayers get their refunds digitally and only one per cent have to physi- cally interact with the department for their as- sessments. The direct taxes are being rational- ised so as to incentivise manufacturing and in- crease investment.
The GST [Goods and Services Tax], once im- plemented, will prove to be one of the biggest tax reforms since independence. It will allow a nationwide transfer of goods and services with- out any stoppage. It will reduce evasion, yield higher tax and increase India’s GdP
The banking sector has been considerably expanded. Small banks, payment banks, which are now available through licenses on taps, have provided more options to the consumer. The Bankruptcy and Insolvency Code, coupled with amendments to the Sarfaesi Act and strengthen- ing of the debt recovery Tribunals will go a long way in empowering the banking system to re- cover dues.
The 14th Finance Commission has enhanced the share of the states in the central tax pool from 32 per cent to 42 per cent. This has empow- ered the states to spend more on development
In the past two years, the NdA broadened its footprint all over the country. After the Lok Sab- ha elections, the NdA won in the states of Ma- harashtra, haryana, Jharkhand, Jammu and Kashmir and Assam. We lost in delhi and Bihar. The Congress, meanwhile, lost every state post 2014. The NdA today, besides ruling the centre, is in power in 15 states in the country.
The next year will witness many more important legislations and directional steps in policy formulation. Under prime minister Modi, our effort will be to grow and grow faster. We have shown the world a government with a difference. We will continue to strive in that direction.
INDIAN-AMERICAN entrepreneur Baiju Bhatt, co-founder of the commission-free trading platform Robinhood, has been named among the 10 youngest billionaires in the United States in the 2025 Forbes 400 list.
At 40, Bhatt is the only person of Indian origin in this group, which includes figures such as Meta’s Mark Zuckerberg. Forbes estimates his net worth at around USD 6–7 billion (£4.4–5.1 billion), primarily from his roughly 6 per cent ownership in Robinhood.
Bhatt was born in 1984 in Poquoson, Virginia, to immigrant parents from Gujarat, India. His father, an aerospace engineer, worked at NASA. He grew up in a household where English was a second language and money was limited. He later attended Stanford University, where he studied physics and earned a master’s degree in mathematics.
In 2013, Bhatt co-founded Robinhood with Vlad Tenev, a fellow Stanford graduate. The platform introduced commission-free stock trading to retail investors in the United States and later expanded into retirement accounts and high-yield savings products. The company gained widespread attention during the Covid-19 pandemic, when trading activity surged around so-called meme stocks.
Robinhood went public in 2021 at the height of the retail investing boom. Bhatt served as co-CEO with Tenev until 2020, when he moved into the role of chief creative officer. In 2024, he stepped down from his executive position but continues to serve on Robinhood’s board of directors while retaining his 6 per cent stake.
Robinhood’s stock has seen significant gains over the past year, rising by about 400 per cent. The increase has been linked to a boost in cryptocurrency-related sales, new products such as individual retirement accounts and high-yield savings, and a strong performance in 2024, when the company reported USD 3 billion (£2.2 billion) in revenue.
Bhatt’s recognition in the Forbes 400 list underscores the continuing influence of technology entrepreneurs in the American financial sector. His career reflects the trajectory of several Indian-origin leaders in the United States, who have made a mark in technology and finance in recent years.
Forbes’ annual ranking of the 400 wealthiest Americans is based on estimates of net worth, which include publicly disclosed stakes in companies, real estate holdings, and other assets. Bhatt joins the ranks of young billionaires who have built fortunes through technology-driven ventures.
In addition to his role with Robinhood, Bhatt has been noted for his early life influences. Growing up in Virginia, he was exposed to science and technology through his father’s aerospace career. His academic path at Stanford provided the foundation to pursue entrepreneurial opportunities in financial technology.
Robinhood, under the leadership of Bhatt and Tenev, has changed how millions of Americans approach investing by lowering barriers to entry. While Bhatt is no longer in an executive role, his continued stake in the company keeps him closely tied to its growth and future direction.
Bhatt’s inclusion in the 2025 Forbes 400 as one of the youngest billionaires highlights his role in shaping retail investing and signals the growing presence of Indian-origin entrepreneurs in the US technology and finance industries.
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Starmer dismissed Mandelson on Thursday after reading emails published by Bloomberg in which Mandelson defended Jeffrey Epstein following his 2008 conviction. (Photo: Getty Images)
A CABINET minister has said Peter Mandelson should not have been made UK ambassador to the US, as criticism mounted over prime minister Keir Starmer’s judgment in appointing him.
Douglas Alexander, the Scotland secretary, told the BBC that Mandelson’s appointment was seen as “high-risk, high-reward” but that newly revealed emails changed the situation.
“If Keir knew then what we know now, he would not have made that appointment,” he later told LBC.
Starmer dismissed Mandelson on Thursday after reading emails published by Bloomberg in which Mandelson defended Jeffrey Epstein following his 2008 conviction. Mandelson wrote to Epstein: “I think the world of you and I feel hopeless and furious about what has happened … Your friends stay with you and love you.”
Stephen Doughty, the Foreign Office minister, told MPs the messages showed Mandelson’s relationship with Epstein was “materially different from that known at the time of his appointment.”
Mandelson, who admitted during vetting that he had maintained links with Epstein and regretted doing so, is said to feel ill-treated.
Labour MPs criticised the handling of the affair. Paula Barker said the delay in removing Mandelson had “eroded trust,” Charlotte Nichols said he should “never have been appointed,” and Sadik Al-Hassan questioned the vetting process.
The episode has drawn wider scrutiny of Starmer’s decision-making. It comes after deputy prime minister Angela Rayner resigned last week over unpaid stamp duty. Some MPs turned attention to Morgan McSweeney, Starmer’s chief of staff, who played a role in Mandelson’s appointment.
In a letter to staff, Mandelson said being ambassador was “the privilege of my life” and he regretted the circumstances of his departure. James Roscoe, his deputy, will serve as acting ambassador.
The Financial Times reported that Global Counsel, the lobbying firm co-founded by Mandelson, is preparing to cut ties with him.
TWO Conservative MPs have launched a petition to stop Leicester City Council cutting back this year's Diwali celebrations.
Shivani Raja, MP for Leicester East, and Neil O'Brien, who represents nearby Harborough, Oadby and Wigston, started the Change.org petition on Wednesday (10) after the council announced plans to remove key elements from the October 20 event.
Safety experts have decided to cut the stage show, Diwali Village and fireworks from this year's celebrations on Belgrave Road, known as Leicester's Golden Mile. The changes follow concerns about crowd safety after 55,000 people attended last year's event.
Under the new plans, the festival will keep its lights display of more than 6,000 bulbs and the Wheel of Light. However, there will be no fireworks, Diwali Village at Cossington Park, food stalls, cultural performances, rides or activities.
The council will still close Belgrave Road so people can visit restaurants and shops safely.
"Let's not allow this festival to become a shadow of its former self," the petition said. The MPs want the council to bring back the full Diwali experience and work with community leaders and the Belgrave Business Association to create a safe plan that keeps the traditions.
A Safety Advisory Group made up of police and emergency services said the extra activities "compromise public safety".
Leicester City mayor Sir Peter Soulsby said last week: "I completely understand and share the great desire to make Leicester's Diwali celebrations as good as can be. I thought that some of the suggestions put forward by the local community were achievable, but the Safety Advisory Group has rejected them all. I'm disappointed that as a result there won't be any additional activities, and I hope this is something the SAG will review next year."
The council said it needs to prevent "potentially dangerous crowd massing" seen in the past two years. The MPs had earlier written to Leicestershire Police asking them to reconsider the restrictions, arguing that the decision "will undermine the unique atmosphere that makes these celebrations so special and could damage Leicester's reputation as a centre for multicultural celebration".
They suggested police should provide more officers instead of cutting the festival.
Graham Callister, the council's head of festivals, events and cultural policy, said scaling back would create "additional space needed – and more importantly, less congestion – to safely welcome the crowds".
Councillor Vi Dempster explained: "Unfortunately, Leicester's annual Diwali festival has become a victim of its own success. We're being strongly advised by our emergency service partners and crowd control experts that it cannot continue safely in its current format due to the unrestricted and growing crowd numbers that it attracts, and that's a warning we must take extremely seriously."
The Leicester Diwali celebration is often described as one of the biggest outside India and has run on the Golden Mile for over 40 years.
(PTI)
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Chandra Nagamallaiah (R) was stabbed and beheaded on duty; Yordanis Cobos-Martinez was arrested and charged for the killing.
A STAFF MEMBER at Downtown Suites Dallas, US, was killed on Wednesday (10) morning. Chandra Nagamallaiah, 50, was stabbed and beheaded on duty in front of his wife and son, according to reports.
Yordanis Cobos-Martinez, 37, was arrested and charged in the killing, which reportedly stemmed from an argument over a broken washing machine, media reports said, citing the Dallas Police Department.
Police responded to a stabbing at Downtown Suites around 9am and the officers found Cobos-Martinez covered in blood and armed with a machete, the report said. He allegedly struck Nagamallaiah multiple times with a bladed weapon and beheaded him. Dallas Fire-Rescue found the victim dead at the scene.
Cobos-Martinez was charged with capital murder and allegedly admitted in a recorded interview to killing Nagamallaiah with a machete, according to the affidavit cited by NBC 5.
A witness told police she and Cobos-Martinez were cleaning a room when Nagamallaiah told him not to use a broken washing machine, according to the affidavit.
Cobos-Martinez allegedly grew angry that Nagamallaiah asked the witness to translate instead of speaking to him directly, the affidavit stated. Surveillance video also showed Cobos-Martinez leaving the room, returning with a machete and attacking Nagamallaiah.
The victim’s wife and son tried to fight off Cobos-Martinez, who was allegedly searching Nagamallaiah’s pockets during the attack. Nagamallaiah tried to escape but fell, said witness Stephanie Elliott.
“He just kept hitting him until he decapitated him,” Elliott said. “I could not believe anybody would do another human being that way.”
"Our hearts are absolutely broken for the victim's family, who witnessed this unimaginable act of violence," said Kamalesh “KP” Patel, AAHOA chairman. "Hotels are not just workplaces for our members and their teams – they are homes, businesses and community spaces. The brutality of this crime is beyond comprehension and our thoughts and prayers are with the loved ones, the property owners, and all staff who are grieving this senseless loss."
AAHOA president and CEO Laura Lee Blake called it one of the most horrific crimes to impact a hotel workplace in recent memory.
“Our hotelier community is devastated and we stand united with our members and their teams during this incredibly painful time,” Blake said. “No one should ever face such violence while simply doing their job.”
The association is providing resources to help hoteliers and staff manage difficult situations, including guidance on handling confrontational guests, de-escalating conflicts and strengthening hotel security.
"We are committed to advocating for enhanced security measures and the implementation of comprehensive safety protocols to protect members of our community," Patel said. "We encourage AAHOA members and the industry to reach out for support or resources you may need during this time. AAHOA is dedicated to creating a platform where concerns can be raised and solutions collaboratively developed. Let us use this moment to reinforce our commitment to each other's safety and well-being, continuing to foster a professional environment that preserves and upholds the integrity and resilience of our industry."
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Residents sit in a rescue boat as they evacuate following monsoon rains and rising water levels in the Chenab River, in Basti Khan Bela, on the outskirts of Jalalpur Pirwala, Punjab province, Pakistan, September 10, 2025. REUTERS/Quratulain Asim
OVER two million people have been forced to leave their homes as devastating floods continue to sweep across Pakistan's eastern regions, authorities announced.
The worst-hit area is Punjab province, where more than two million residents have been evacuated. An additional 150,000 people have fled Sindh province, according to national disaster management chief Inam Haider Malik, who warned that the "number may rise over the coming days".
The flooding has claimed at least 946 lives across Pakistan since late June, with monsoon rains and swollen rivers wreaking havoc throughout the country. Punjab province alone has recorded 97 deaths.
The emergency response has faced tragic setbacks. On Thursday (11), nine people died when a rescue boat capsized near the historic city of Multan whilst carrying flood victims to safety. The boat had successfully rescued 24 people from flooded villages before it overturned, though the remaining 15 passengers were pulled from the water alive.
This follows another boat accident earlier this week, when five people died in a similar incident on the outskirts of Jalalpur Pirwala city.
Rescue teams are going door-to-door to relocate villagers and their livestock using small boats, but these vessels must navigate dangerous strong currents. Officials say the rescue work is "tough because people are not cooperating", as many residents refuse to leave without their animals - often their main source of income.
The floods have submerged over 4,500 villages in Punjab province alone, affecting more than 4.4 million people since late August. Punjab, home to half of Pakistan's 240 million population, is considered the country's breadbasket, making the agricultural damage particularly severe.
Many families initially chose to stay at home to protect their property despite the flood risks. However, with large areas of farmland and houses destroyed, the human cost continues to mount in a country where 40 per cent of residents live below the poverty line.
The international community has begun responding to the crisis. This week, the United Nations allocated $5 million to support Pakistan's flood response, whilst the US State Department approved funding and deployed disaster response personnel.
Pakistan's National Disaster Management Authority has delivered tonnes of relief supplies, including blankets, tents and water filtration devices to flood-affected areas in Punjab.
Facing the scale of the disaster, Pakistani authorities declared a climate emergency this week. Prime minister Shehbaz Sharif has ordered officials to develop a 300-day plan to address the challenges posed by climate change.
Pakistan's geography makes it extremely vulnerable to climate change impacts, with the country facing both extreme heat and torrential rains. Melting glaciers have also created new lakes at risk of dangerous outbursts.
Malik said it would take weeks for floodwaters to recede before "rehabilitation work" could begin on thousands of damaged villages and fields.
The current floods echo Pakistan's 2022 disaster, when months of heavy rain killed more than 1,700 people and affected over 30 million in one of the deadliest flood events in history.