In his maiden budget, Railway Minister Sadananda Gowda said the bulk of future railway projects will be financed through public-private partnerships and his ministry would seek cabinet approval for allowing foreign direct investment in the state-owned network, excluding passenger services.
Indian stock markets rallied to record highs in May with the benchmark BSE Sensex breaching the 25,000 mark for the first time after Narendra Modi won a clear mandate to govern Asia’s third-largest economy.
India’s diversified equity funds outperformed the broader markets in May and recorded their best monthly performance in five years, as stocks rallied on hopes of an economic revival after the Narendra Modi-led Bharatiya Janata Party (BJP) won a decisive election mandate.
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By Shyamantha Asokan
Nitin Gadkari is a top leader of India’s Hindu nationalist opposition party, which is forecast to emerge as the front-runner in the country’s mammoth general election. A series of opinion polls this year say that the Bharatiya Janata Party (BJP), led by prime ministerial candidate Narendra Modi, will win the biggest chunk of the 543 parliamentary seats up for grabs. Results are due on May 16.
As far as Vinod Hegde is concerned, Indian prime minister candidate Narendra Modi bears no responsibility for the 2002 Gujarat riots. More to the point, Hegde doesn’t care.
Many people see Anurag Thakur, 39, as the youthful face of the Bharatiya Janata Party, the main opposition to the Congress party-led government and the party of prime ministerial hopeful Narendra Modi. He is the son of the former chief minister of Himachal Pradesh, and was named one of the World Economic Forum’s global young leaders this year.
Anyone who keeps a radio turned on in India’s National Capital Region knows that election fever has settled on Delhi ahead of the Dec. 4 state polls. The ruling Congress party, main opposition Bharatiya Janata Party (BJP) and newcomer Aam Aadmi Party (AAP) are betting big on radio campaigning — a medium that reaches millions of people across economic classes and backgrounds.
By Frank Jack Daniel, Jo Winterbottom and Mayank Bhardwaj
Jairam Ramesh, the rural development minister in the Congress-led government, told Reuters on Tuesday that Narendra Modi’s career reminded him of the rise of the Third Reich, the strongest comments yet by a minister of his rank on the Bharatiya Janata Party leader.