Posts tagged ‘Indian National Congress’

06/03/2014

Stock Market Cheers Potential End of Congress Reign – India Real Time – WSJ

Here’s a recipe to make Indian stocks investors happy: tie the hands of the ruling Congress-led government and hint that the opposition Bharatiya Janata Party will be forming the next government.

India’s benchmark 30-share S&P BSE Sensex hit a record high Thursday of 21513.87 points, marking the third straight session of gains.

As India heads towards national elections, investors have been following the twists and turns of the political world more closely in recent months. The next election will likely have a big impact on whether, when and by how much Asia’s third largest economy will rebound.

The country announced this week that the national polls will begin April 7 and be done by May 16 which has some optimists hoping that uncertainty about who will be leading the world’s largest democracy will be over in a little more than two months.

Some investors have become frustrated by the ruling Congress party because they believe it has stalled reforms and delayed important investments in the close to ten years it has been in power. Instead, critics say, the Congress-party led coalition has focused on populist measures, including a bill to provide almost free food to around two thirds of the population.

One good thing about election season, investors say, is that Congress will not be able to announce any new perks for the poor. The Election Commission of India prohibits parties from launching welfare programs during the election process.

“The uncertainty is now over,” said Sharmila Joshi, an independent research analyst in Mumbai. “The market is (optimistic) that there won’t be any more populist measures.”

via Stock Market Cheers Potential End of Congress Reign – India Real Time – WSJ.

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05/03/2014

BBC News – India names general election dates

India’s general election will take place in nine phases in April and May, the Election Commission has announced.

A BJP rally in Assam, India

Polling to elect a new Lok Sabha, or lower house, will be held from 7 April to 12 May. Votes will be counted on 16 May.

With some 814 million eligible voters, India’s election will be the largest the world has seen.

The ruling Congress party and the main opposition Bharatiya Janata Party will be battling a host of smaller parties.

Leaders of 11 regional parties have formed a Third Front against the Congress and the BJP.

A new anti-corruption Aam Aadmi (Common Man’s) Party (AAP), which made a spectacular debut in recent polls in the capital Delhi, will also contest the elections.

Continue reading the main story

POLLING DAYS

7 April – 2 states, 6 constituencies

9 April – 5 states, 7 constituencies

10 April – 14 states, 92 constituencies

12 April – 3 states, 5 constituencies

17 April – 13 states, 142 constituencies

24 April – 12 states, 117 constituencies

30 April – 9 states, 89 constituencies

7 May – 7 states, 64 constituencies

12 May – 3 states, 41 constituencies

Counting of votes – 16 May

Election Commission of India

If no single party wins a clear majority, smaller parties could play a crucial role.

India’s lower house has 543 elected seats and any party or a coalition needs a minimum of 272 MPs to form a government.

via BBC News – India names general election dates.

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11/02/2014

Indian Election Not a ‘Game Changer’ – India Real Time – WSJ

A new Moody’s report argues that the biggest event on India’s political calendar this year will be neutral at best for the country’s creditworthiness—although, at worst, it could heighten existing risks.

India’s national election, due before the end of May, is dominating the country’s newsstands, and has put a freeze on many major policy and investment decisions. Perceptions that the Bharatiya Janata Party’s popular prime ministerial candidate, Narendra Modi, is pro-business have buoyed Indian stock markets even as corporate earnings have disappointed.

But the New York-based credit-ratings agency says the contest between the governing Congress party and the BJP will hardly be decisive for India’s economic prospects.

A strong showing by either of the two major parties “would not be a near-term game changer,” it says in the report. The correlation between economic performance and the party in power is historically quite weak, it notes. What could be a bigger influence is the state of the global economy. Factors such as the budding recovery in the U.S. and Europe, the shaky economic outlook in China, and the Federal Reserve’s withdrawal of monetary stimulus will continue to buffet India and many other big emerging markets.

via Indian Election Not a ‘Game Changer’ – India Real Time – WSJ.

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17/01/2014

Honeymoon threatens to be brief for India’s anti-graft party | Reuters

From a rally that nearly ended in a stampede, to a rebellious lawmaker and a minister openly duelling police over drug gangs, the honeymoon could be short-lived for an anti-corruption party that shook up India\’s politics last month.

Arvind Kejriwal and friends

Arvind Kejriwal and friends (Photo credit: vm2827)

The Common Man\’s Party (AAP) enjoyed a heady few weeks after its leader Arvind Kejriwal pulled off a political surprise by becoming Delhi chief minister in December elections.

He eschewed the usual displays of power beloved of many of India\’s VIPs, such as expensive official cars that routinely ran red lights, and promised voters cheap water and power.

With his party aiming to contest a general election due by May, both the ruling Congress Party and the main opposition Hindu nationalist Bharatiya Janata Party worry that Kejriwal could eat into their traditional voter support in the cities.

Kejriwal\’s party is still a force as it attracts supporters across the nation, ranging from intellectuals to journalists and rights activists. But a sinking feeling of inexperienced, out-of-their-depth politicians is increasingly manifesting itself.

via Honeymoon threatens to be brief for India’s anti-graft party | Reuters.

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29/12/2013

Delhi’s New Leader Vows to Halt Corruption – NYTimes.com

Standing before a crowd estimated in the tens of thousands, Delhi’s unlikely new leader, swept into office on an anticorruption campaign, was sworn in Saturday, and he vowed to arrest anyone in his government, from police officer to bureaucrat, who demanded a bribe.

“Within two days, I will announce a phone number, and if anybody asks for a bribe, please complain by that phone number and that person will be arrested red-handed,” Delhi’s youngest chief minister ever, Arvind Kejriwal, 45, said shortly after taking the oath of office.

Amid growing public anger over India’s widespread corruption, Mr. Kejriwal last year formed the Aam Aadmi, or Common Man, Party, which shocked India’s two largest and most solidly established parties this month by winning 28 of the 70 seats in Delhi’s state assembly. He became the state’s leader after the Indian National Congress Party, which won just eight seats, agreed to support him.

Mr. Kejriwal, a former tax commissioner, traveled to Saturday’s ceremony by subway, eschewing the vast motorcades of his predecessors. He has vowed to do away with Delhi’s culture of privileges for the powerful, which have been in place since the Mughal kings ruled India.

In contrast with past chief ministers whose swearing-in ceremonies were held at the state assembly among small, select audiences of the powerful, Mr. Kejriwal took the oath of office in Ramlila Maidan, an open area where he participated in mass anticorruption protests several years before. A spokesman for his party said the police had estimated the crowd at 100,000. Patriotic songs were played over loudspeakers, and many of those present carried signs reading “Today C.M. Tomorrow P.M.,” suggesting that Mr. Kejriwal would soon lead all of India.

Mr. Kejriwal announced last week that he would not travel in one of the cars with flashing lights that allow high-ranking officials to zip through Delhi’s oppressive traffic. He also said he would not accept a security detail or live in one of the sumptuous houses at New Delhi’s core that India’s elite have occupied since the British abandoned them in 1947.

Mr. Kejriwal was sworn in along with six of his ministers. All of them wore simple, white Gandhian caps bearing slogans like “I am the common man” and “I need self-rule.”

“We are here to serve the people, and we should not forget that,” he said in his remarks.

via Delhi’s New Leader Vows to Halt Corruption – NYTimes.com.

28/12/2013

Taking power in New Delhi, ‘common man’ leader talks of revolution | Reuters

There was no motorcade, and none of the traditional trappings of power: the leader of India\’s upstart \”common man party\” arrived on a crowded metro train on Saturday to be sworn in as chief minister of Delhi, India\’s capital.

Arvind Kejriwal, leader of Aam Aadmi (Common Man) Party (AAP), shouts slogans after taking the oath as the new chief minister of Delhi during a swearing-in ceremony at Ramlila grounds in New Delhi December 28, 2013. REUTERS-Anindito Mukherjee

Tens of thousands of jubilant supporters watched as Arvind Kejriwal, a mild-mannered former tax official, was anointed after a stunning electoral debut that has jolted the country\’s two main parties just months before a general election.

The emergence of Kejriwal\’s Aam Aadmi (Common Man) Party, or AAP, as a force to be reckoned with barely a year since it was created on the back of an anti-corruption movement could give it a springboard to challenge the mainstream parties in other urban areas in the election due by next May.

That could be a threat to the front-runner for prime minister, Narendra Modi of the Hindu nationalist Bharatiya Janata Party (BJP), who is counting on strong support from urban, middle-class voters.

\”Today, the common man has won,\” Kejriwal said in a triumphant speech at Delhi\’s Ramlila grounds, the very place were huge protests over corruption erupted in 2011, opening the way for the birth of the AAP.

\”This truly feels like a miracle. Two years ago, we couldn\’t have imagined such a revolution would happen in this country.\”

In a December 4 election to the legislative assembly of Delhi, a city of 16 million people, no party won the majority of seats required to rule on its own.

The impasse that ensued was broken after the AAP – in a display of citizenship politics – consulted the people of the city. It then agreed to lead the Delhi government with \”outside support\” from the Congress party, which heads the national ruling coalition.

Opinion polls show that Congress, the party of India\’s celebrated Nehru-Gandhi dynasty, will be punished in the general election because of disgust with a government whose two terms have brought corruption scandals and stubborn inflation.

via Taking power in New Delhi, ‘common man’ leader talks of revolution | Reuters.

18/12/2013

The rediscovery of India – excerpted from Reimagining India: McKinsey & Company

From: http://www.mckinsey.com/insights/asia-pacific/the_rediscovery_of_india

Is diversity an excuse for disunity? CNN’s Fareed Zakaria says Indians must embrace their common ambitions if the nation is to fulfill its tremendous potential.

November 2013 | byFareed Zakaria

Is India even a country? It’s not an outlandish question. “India is merely a geographical expression,” Winston Churchill said in exasperation. “It is no more a single country than the Equator.” The founder of Singapore, Lee Kuan Yew, recently echoed that sentiment, arguing that “India is not a real country. Instead it is thirty-two separate nations that happen to be arrayed along the British rail line.”

India gives diversity new meaning. The country contains at least 15 major languages, hundreds of dialects, several major religions, and thousands of tribes, castes, and subcastes. A Tamil-speaking Brahmin from the south shares little with a Sikh from Punjab; each has his own language, religion, ethnicity, tradition, and mode of life. Look at a picture of independent India’s first cabinet and you will see a collection of people, each dressed in regional or religious garb, each with a distinct title that applies only to members of his or her community (Pandit, Sardar, Maulana, Babu, Rajkumari).

Or look at Indian politics today. After every parliamentary election over the last two decades, commentators have searched in vain for a national trend or theme. In fact, local issues and personalities dominate from state to state. The majority of India’s states are now governed by regional parties—defined on linguistic or caste lines—that are strong in one state but have little draw in any other. The two national parties, the Indian National Congress and the BJP, are now largely confined in their appeal to about ten states each.

And yet, there are those who passionately believe that there is an essential “oneness” about India. Perhaps the most passionate and articulate of them was Jawaharlal Nehru, India’s first prime minister. During one of his many stints in jail, fighting for Indian independence, he wrote The Discovery of India, a personal interpretation of Indian history but one with a political agenda. In the book, Nehru details a basic continuity in India’s history, starting with the Indus Valley civilization of 4500 BCE, running through Ashoka’s kingdom in the third century BCE, through the Mughal era, and all the way to modern India. He describes an India that was always diverse and enriched by its varied influences, from Buddhism to Islam to Christianity.

Can the country live up to its potential? If so, it will happen only because of a bottom-up process of protest and politics that forces change in New Delhi. India will never be a China, a country where the population is homogeneous and where a ruling elite directs the nation’s economic and political development. In China, the great question is whether the new president, Xi Jinping, is a reformer—he will need to order change, top-down, for that country.

In India, the questions are different: Are Indians reformers? Can millions of people mobilize and petition and clamor for change? Can they persist in a way that makes reform inevitable? That is the only way change will come in a big, open, raucous democracy like India. And when that change comes, it is likely to be more integrated into the fabric of the country and thus more durable.

I remain optimistic. We are watching the birth of a new sense of nationhood in India, drawn from the aspiring middle classes in its cities and towns, who are linked together by commerce and technology. They have common aspirations and ambitions, a common Indian dream—rising standards of living, good government, and a celebration of India’s diversity. That might not be as romantic a basis for nationalism as in days of old, but it is a powerful and durable base for a modern country that seeks to make its mark on the world.

About the author

Fareed Zakaria is host of CNN’s Fareed Zakaria GPS, an editor-at-large for Time magazine, and author of The Post-American World (W. W. Norton & Company, April 2008). This essay is excerpted from Reimagining India: Unlocking the Potential of Asia’s Next Superpower. Copyright © 2013 by McKinsey & Company. Published by Simon & Schuster, Inc. Reprinted by permission. All rights reserved.

06/12/2013

Narendra Modi, a challenge to Cong: Manmohan – The Hindu

Prime Minister Manmohan Singh on Friday acknowledged that BJP’s prime ministerial candidate Narendra Modi did pose a challenge to the Congress and declared that “there is no room for complacency”.

Prime Minister Manmohan Singh addresses the media persons at the Parliament, in New Delhi. File photo

Taking questions from the audience during the Hindustan Time Leadership Summit here, Dr. Singh while responding to a query on which Mr. Modi was indeed a challenge that Congress party should take very seriously said: “As an organised political party we can not underestimate the power of opposition to unsettle the ship of the State. Therefore I am one of those who take very seriously our opposition, there is no room for complacency.”

The Congress, he said, “is going into the elections with a spirit of self confidence and that should not be mistaken whatever the may be the outcome of the Assembly elections.”

via Narendra Modi, a challenge to Cong: Manmohan – The Hindu.

03/12/2013

Confusion over Indian election symbols used for millions of illiterate voters | The Times

A curious contest is heating up among India’s political parties as the country prepares for the biggest democratic exercise in history when 714 million voters go to the polls in the spring.

Parties are fighting to secure the right to symbols they hope will appeal to hundreds of millions of India’s illiterate voters.

For decades, when Indians have entered the polling booth they have been presented not just with a list of parties and candidates, but also a variety of household items sketched on the ballot paper to help the 1 in 4 voters who cannot read.

For the ruling Congress Party it is an open palm. For India’s main opposition party, the BJP, it is a blossoming lotus flower.

Whistles, coconuts, walking sticks, nail clippers, cauliflowers and toothbrushes have all been used as political symbols upon which illiterate voters can press a thumb print to mark their choice of party.

The Rashtriya Ulama Council uses a kettle, while the Republican Party of India uses a refrigerator. The Aadarshwadi Congress Party uses a batsman at the crease.

However, in India’s vibrant and chaotic democracy, some popular symbols such as the elephant or clock are often claimed by several parties, leading to squabbles over which one has the right to use them.

A foretaste of the turmoil ahead was offered this week, when two parties in the Delhi assembly elections, due to be held tomorrow, clashed over the right to use the bicycle, a perennial favourite.

Only after intervention by election officials did the parties grudgingly agree to a compromise deal under which the Samajwadi Party (SP) will fight under the banner of the glass tumbler, while the Jammu and Kashmir Panthers Party (JKPP) will plump for the instant camera.

Adding to potential confusion among voters, in another nearby constituency, Ballimaran, the SP is fighting under the symbol of the cup-and-saucer while the JKPP is running under the ceiling fan.

via Confusion over Indian election symbols used for millions of illiterate voters | The Times.

01/11/2013

India’s top politicians Sonia Gandhi and Manmohan Singh have fallen out of the top 20 – Reuters

India’s top politicians Sonia Gandhi and Manmohan Singh have fallen out of the top 20 in Forbes’ annual list of the world’s most powerful people.

Gandhi, leader of India’s Congress party, was No. 21 on the 2013 list, down from 12 last year. Prime Minister Singh took the 28th spot in the list, also losing nine spots since 2012.

Gandhi was ranked third among nine women in the annual list of the world’s 72 most-powerful people — one for every 100 million people on Earth — which Forbes said is based on factors ranging from wealth to global influence.

via India Insight.

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