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☆ 'Internal battle' in Modi's BJP on whether India needs Chinese investments, Natixis chief Asia economist says
▼ + stars: | 2024-08-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +5 min

Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi's swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty ImagesThere is an "internal battle" happening within India's ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia's manufacturing powerhouse, Alicia Garcia-Herrero, chief Asia Pacific economist at Natixis said. This proposal was shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" on allowing Chinese investments into India, Reuters reported. Experts told CNBC that Chinese investments are needed in India's solar panel and battery manufacturing sectors — two areas that a report, citing Indian government sources last week, mentioned could see easing restrictions on Chinese investments. India increased scrutiny on Chinese investments into the country, and also blocked several Chinese mobile apps including TikTok following the incident.

Persons: Narendra Modi's, Alicia Garcia, Herrero, Natixis, V Anantha, Piyush Goyal, Modi, Garcia, Rajesh Kumar Singh, Harsh, Pant, Tauseef Mustafa, Jaishankar, Punit Paranjpe Organizations: Bharatiya Janata Party, BJP, Asia, Trade, Reuters, CNBC, Department, Promotion of Industry, Internal, Bloomberg, ICT, Communication Technologies, New Delhi's Observer Research Foundation, Afp, Getty, India's Foreign, Adani Locations: Asia Pacific, China, India, Europe, loggerheads, Eastern Ladakh, Tokyo, U.S, Mundra

☆ Modi is sworn in for a rare third term as India’s prime minister
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +3 min

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. NEW DELHI — Narendra Modi was sworn in Sunday for a rare third consecutive term as India's prime minister, relying on his coalition partners after his party failed to win a parliamentary majority in a surprise outcome. The 73-year-old popular but polarizing leader is only the second Indian prime minister after Jawaharlal Nehru to retain power for a third five-year term. An avowed Hindu nationalist, the prime minister is considered a champion of the country's Hindu majority, who make up 80% of India's 1.4 billion population. Several South Asian leaders attended the swearing-in ceremony Sunday, including Bangladesh Prime Minister Sheikh Hasina, Sri Lankan President Ranil Wickremesinghe, Nepalese Prime Minister Pushpa Kamal Dahal and Maldives President Mohamed Muizzu.

Persons: Narendra Modi, Modi, Droupadi Murmu, Jawaharlal Nehru, he's, Sheikh Hasina, Ranil Wickremesinghe, Pushpa Kamal Dahal, Mohamed Muizzu, Muizzu Organizations: Indian, Bharatiya Janata Party, BJP, NEW, Modi's National Democratic Alliance, Modi's BJP, Telugu Desam Party, Janata Dal, INDIA, Bangladesh Locations: New Delhi, India, Andhra Pradesh, Bihar, Sri, Maldives, China

India's Prime Minister Narendra Modi flashes victory sign at the Bharatiya Janata Party (BJP) headquarters to celebrate the party's win in country's general election, in New Delhi on June 4, 2024. Completed vote counts by the Election Commission of India showed that Modi's BJP won just 240 seats. India's Parliament has 543 seats, and the party or coalition that wins at least 272 forms the government. Modi's decade-long ruleUnder Modi, India, home to 1.4 billion people, has witnessed robust economic growth. While India has seen robust economic growth under Modi, observers and critics have warned about the country's "democratic decline."

Persons: Narendra Modi, Money Sharma, Modi, Aiyar, CNBC's, Shilan Shah, Shah, Kranthi, Sensex, Samir Kapadia, that's, Malcolm Dorson Organizations: India's, Bharatiya Janata Party, BJP, Afp, Getty, Indian, Modi's BJP, National Democratic Alliance, Developmental Inclusive Alliance, Indian National Congress, Policy Research, Centre, Monitoring, Capital Economics, BSE, WealthMills Securities, Adani, Adani Enterprises, State Bank of India, ICICI Bank, Monetary Fund, India Index, Vogel, Dem, Global, Vogel Group, IMF Locations: New Delhi, India, INDIA, China, Sweden

☆ Modi's BJP-led alliance projected to win parliamentary majority in India's election, exit polls show
▼ + stars: | 2024-06-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

India's Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on Saturday suggested his Bharatiya Janata Party-led alliance will clinch a parliamentary majority. According to an exit poll summary by local news channel NDTV, the BJP-led National Democratic Alliance is expected to secure around 365 out of the 543 seats in the lower house of parliament. The party or coalition that wins at least 272 votes will form the government. Final results, expected on Tuesday, can diverge from exit poll projections. If the exit polls, which have a patchy record, are confirmed, Modi will serve for another five years as the country's prime minister — a position he has held since 2014.

Persons: Narendra Modi, Modi, —, Hajra, Anand Rathi Organizations: India's, Bharatiya Janata Party, NDTV, BJP, National Democratic Alliance, Monetary Fund, Brokers, CNBC Locations: India

☆ CNBC's Inside India newsletter: Could markets sink even if Modi wins?
▼ + stars: | 2024-05-30 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Separately, the stock market will also deliver its verdict when markets open on Monday. Nervousness among investors over the results has meant that the India VIX index, the market's so-called fear gauge, has shot up by more than 135% since its April lows. However, some equity strategists point out that even a landslide victory for Modi's BJP could potentially sour the stock market. Meanwhile, Gautam Chhaochharia, head of global markets for India at UBS, said foreign investors are in a "wait and watch mode" ahead of India's election results despite economic fundamentals looking "very, very strong."

Persons: Narendra Modi's, Modi, Bradley Saunders, Saunders, Venugopal Garre, —, Garre, Fitch, SRH, Mark Mobius, Gautam Chhaochharia Organizations: Bloomberg, Getty, BJP, Traders, " Bank of America, Capital Economics, Modi's BJP, —, Reuters, Kolkata Knight Riders, IPL, Sunrisers, Knight Riders, CNBC, UBS Locations: Delhi, India, Kolkata, Sunrisers Hyderabad

☆ Modi's strongman rule raises questions about India's 'democratic decline' as he seeks a third term
▼ + stars: | 2024-05-17 | by ( Sumathi Bala | ) www.cnbc.com time to read: +8 min

Narendra Modi, India's prime minister, center, during a campaign rally in Agra, Uttar Pradesh, India, on Thursday, April 25, 2024. Photographer: Prakash Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty ImagesA decade into power, India's Prime Minister Narendra Modi appears set to secure a rare third term, with the general elections now underway. Opposition 'witch hunt'Ahead of the elections, India's main opposition — the National Congress party — accused the Modi government of freezing its bank accounts. "This is a criminal action on the Congress party done by the prime minister and the home minister," said Congress leader Rahul Gandhi in a fiery attack. "During Manmohan Singh's time, India was also growing very fast," he added, referring to the economic reforms under the former prime minister in the 1990s.

Persons: Narendra Modi, India's, Modi, Prakash Singh, Asim Ali, Ali, Milan, Modi's, —, Rahul Gandhi, Chietigj Bajpaee, Arvind Kejriwal, consecrating, Ronojoy Sen, Neelanjan Sircar, Manmohan Singh's, Sircar Organizations: Bloomberg, Getty Images Bloomberg, Getty, India's, East, CNBC, Dem, Freedom House, Carnegie Endowment, International Peace, Newsweek, Bharatiya Janata Party, National Congress, South Asia, Chatham House, Aam Aadmi Party, Modi's BJP, BJP, Institute of South Asian Studies, Centre for Policy Research Locations: Agra, Uttar Pradesh, India, East Asia, New Delhi, Sweden, U.S, Milan Vaishnav, South Asia, Gujarat, Ali, Delhi, Lok, Ayodhya, Ayodhya —, BJP

☆ CNBC's Inside India newsletter: A disconnected stock market
▼ + stars: | 2024-05-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

CNBCThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. For local investors, Indian stocks would have underperformed the U.S. benchmark by more than 45 percentage points since Buffett's 2008 bet. It appears that India's near 8% GDP growth isn't transforming into stock market returns. But that has also meant significant competition for the incumbents, many of which are listed on the stock market. This year has also been particularly unlucky for Indian stock market investors thanks to the uncertainty added by politics.

Persons: Warren Buffett, it's, Jonathan Pines, Federated Hermes, Rajeev Agrawal, Agrawal, Narendra Modi's, Kevin Carter, Buffett, Carter, Modi, Narendra Modi, Amit Shah, Virat Kohli, Rajat Patidar Organizations: Berkshire, CNBC, BSE, Federated, DoorDarshi Advisors, Narendra Modi's BJP, India, Ecommerce, One97 Communications, Ujjivan Financial, BJP, Russia, Indian, Ukraine, India's Central Bureau of Investigation, Indian Premier League, Wednesday, Royal Challengers Bengaluru Locations: Omaha , Nebraska, Omaha, BSE India, India, United States, Gandhinagar Lok Sabha, Russia, Mumbai, Punjab Kings

☆ India’s farmers are up in arms again. Will it hurt Modi’s reelection campaign?
▼ + stars: | 2024-04-26 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +5 min

Narinder Nanu | AFP | Getty ImagesNEW DELHI — Farmers in India's Punjab state are raising the pitch of their ongoing protests, as the second phase of India's general elections starts Friday. Thousands of farmers continue to drum up support for their demands, foremost being a legal guarantee for minimum support prices for their produce. A Lokniti-CSDS survey earlier this month showed 59% of the respondents found the farmers' demands "genuine," while 16% deemed the protests a "conspiracy" against the government. CNBC did not immediately receive a response from India's Agriculture Ministry on queries pertaining to the farmers' demands. What India's farmers want

Persons: Narinder Nanu, Narendra Modi, Modi, Yogendra Yadav, Sanjay Kumar, Modi's, Kumar, it's, Jagjit Singh, Ayyakannu, Dallewal Organizations: AFP, Getty, DELHI — Farmers, Bharatiya Janata Party, BJP, Modi's BJP, CNBC, India's Agriculture, Tamil Nadu, Morcha Locations: Amritsar, DELHI, India's Punjab, Punjab, Khanauri, Haryana, India, New Delhi, Delhi, Tamil, Varanasi, Tamil Nadu, Varansai, Uttar Pradesh, Samyukta

☆ India's high unemployment is a 'ticking bomb,' opposition says as election battle with Modi's BJP heats up
▼ + stars: | 2024-04-23 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +4 min

India's unorganized sector, which is made up of millions of small businesses that are privately owned, make up about 93% of the country's total workforce. As many as 32% of the respondents said increasing unemployment was the key reason why they would not elect the BJP again. India's Labour Ministry did not immediately respond to CNBC's queries pertaining to the country's unemployment situation. Rajan, who was speaking about how to make India an advanced economy at the George Washington University, said: "Unemployment numbers are high, disguised unemployment is even higher. A slowdown in hiring in India's huge information technology sector is also to blame for the lack of well-paying, white-collar jobs.

Persons: Rahul Gandhi, Narendra Modi, Modi, Gandhi, —, Manmohan Singh, Arun Kumar, Lokniti, joblessness, Kumar, Raghuram Rajan, Rajan Organizations: DELHI, International Labour Organisation, Institute of Human, Goods, Services Tax, Jawahar Lal Nehru, CNBC, ILO, Bharatiya Janata Party, Indian National Congress, BJP, Modi, India's Labour Ministry, Former Reserve Bank of India, George Washington University, Labor Locations: India, Bihar, New Delhi

☆ Modi’s BJP is set to majorly boost its vote share in opposition-ruled Tamil Nadu as India goes to polls
▼ + stars: | 2024-04-19 | by ( Vinay Dwivedi | ) www.cnbc.com time to read: +6 min

More than 62.2 million voters will choose among 950 contestants in Tamil Nadu. The DMK won the Tamil Nadu state elections in 2021, defeating the incumbent AIADMK. Prominent poll strategist Prashant Kishor reportedly said he expects the BJP to get "double digit" vote share in Tamil Nadu. Though the jump in vote share in Tamil Nadu will be substantial compared with 2019, BJP might just win one or two constituencies, Kumar said. Seated opposite from him was Geetha, a Modi supporter, who said: "Modi is superman, but DMK will sweep Tamil Nadu.

Persons: Narendra Modi, Abhishek Chinnappa, Bharatiya Janata Party —, India Anna Dravida, Narendra Modi's, Jayalalithaa, Karunanidhi, Modi, Narayanan Thirupathy, Thirupathy, Prashant Kishor, Kishor, Sanjay Kumar, Kumar, Sarvanan, Nagar, Geetha, DMK's Sarvanan Organizations: Getty, Getty Images, India's, Nationwide, Indian National Congress, Bharatiya Janata Party, Dravida Munnetra Kazhagam, DMK, India Anna Dravida Munnetra Kazhagam, AIADMK, BJP, CNBC, Narendra Modi's BJP, Tamil, Political, NDTV, Wednesday, Developmental Inclusive Alliance, India Locations: INDIA, Mysuru, India, Getty Images CHENNAI, Tamil Nadu, Dravida, Tamil, BJP, Telangana, New Delhi

☆ India kicks off the world's largest elections this week. Here’s what you need to know
▼ + stars: | 2024-04-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +7 min

A worker fixes a flag of the ruling Bharatiya Janata Party on a hoarding of their leader and India's Prime Minister Narendra Modi on April 15, 2024. The 2024 general elections will pan out in seven phases over the next six weeks, starting April 19. India's meteoric riseUnder Modi's rule, India's economy has scaled to new heights. It is now the world's fifth-largest economy with a GDP of $3.7 trillion and has set its sight on becoming the world's third largest economy by 2027. Home to 1.4 billion people, the world's most populous country is the fastest growing economy in the world.

Persons: Narendra Modi, Idrees Mohammed, Hong Kong's, Modi, Suyash Rai, Joe Biden, Chietigj Bajpaee, Biden, Bajpaee, Rahul Gandhi, Rajiv Gandhi, Indira Gandhi, Jawaharlal Nehru, Amitendu Palit, Modi's, R.satish Babu Organizations: Bharatiya Janata Party, India's, Afp, Getty, Voters, Monetary Fund, Carnegie India, CNBC, White, Bloomberg, India, South Asia, Chatham House, BJP, National Democratic Alliance, Indian, Developmental Inclusive, Indian National Congress, Institute of South Asian Studies, National University of Singapore, NDA, Centre, of Foreign Relations, Reuters Locations: Lok Sabha, Lok, Hong, Washington, U.S, India, China, Raipur, Coimbatore

☆ How Modi's BJP seeks Muslim vote in India's 2024 election
▼ + stars: | 2023-11-10 | by ( Yp Rajesh | ) www.reuters.com time to read: +9 min

Specifics of the BJP's Muslim outreach strategy, such as the messaging it is using to target voters in these seats, have not been previously reported. The campaign is part of a larger push to woo India's 200 million Muslims, with whom the BJP and Modi have a long and fraught history. ECONOMY-FIRST AND MUSLIM VOTERSThe BJP's website states that secularism in India has become "minority appeasement ... at the cost of majority". They shared details of internal party strategy on condition of anonymity. BJP leaders such as Islam, a former India head of Deutsche bank, said the opposition has taken Muslim votes for granted and neglected their welfare.

Persons: Narendra Modi, Modi, Nafis Ansari, Ansari, Jamal Siddiqui, Modi Mitrs, Syed Zafar Islam, Siddiqui, doesn't, Hilal Ahmed, Yasser Jilani, Ujir Hossain, Mohammed, Hossain, Hossain Dada, Qasim, Amana Begam Ansari, Critics, Ahmed, Ghanshyam Tiwari, Tiwari, Rupam Jain, Katerina Ang Organizations: Bharatiya Janata Party, BJP, Rivals, Analysts, Indian, Reuters, Centre, Congress, Deutsche, Samajwadi Party, Thomson Locations: Balasinore, Indian, Ahmedabad, Madhya Pradesh, India, Delhi, West Bengal, BJP

Although some analysts said the meeting showed few concrete results, his Bharatiya Janata Party (BJP) is now cashing in on Modi's enhanced image ahead of a series of state elections and national elections due by May 2024. In the run-up to the summit, Modi's face was plastered on G20 hoardings across the country. The BJP plans to highlight the "success of the summit" during fortnight-long celebrations of Modi’s birthday starting on Sunday, a party official said. Modi's contribution to India's rising global stature will be a key theme of a special five-day parliament session beginning next week, the official said. NATIONAL PRIDE"It’s really a fact that India's image has transformed under Prime Minister Modi," BJP vice president Baijayant Jay Panda told Reuters.

Persons: Narendra Modi, Anushree, Modi, Joe Biden, India's, Sanjay Kumar, psephologist, Baijayant Jay Panda, Yashwant Deshmukh, Jairam Ramesh, Ramesh, Manmohan Singh, Raju Gopalakrishnan Organizations: International Media Centre, REUTERS, BJP, Bharatiya Janata Party, New Delhi's, NATIONAL, Reuters, India Today, Thomson Locations: New Delhi, India, DELHI, Manipur

The Dharavi slum, about three-quarters the size of New York's Central Park, featured in Danny Boyle's Oscar-winning 2008 movie "Slumdog Millionaire". Only those who already lived in Dharavi before 2000, mostly ground-floor residents, will get free homes within the redevelopment. In interviews with Reuters, some Dharavi residents cited the billionaire's financial troubles as contributing to their concerns. Last month, a Mumbai court allowed SecLink to add Adani to its lawsuit, forcing the conglomerate to defend its position before judges. In early August, about 300 opposition supporters and residents gathered in Dharavi to object to Adani's involvement.

Persons: Adani, Gautam Adani's, Narendra Modi's, Danny Boyle's Oscar, SecLink, Eknath Shinde, Modi, Maharashtra's, Sandeep Shastri, Rajendra Korde, Radha Pawar, Srinivas, Mohammad Hasmat Ullah, Ullah, Dhwani Pandya, Aditya Kalra, Arpan Chaturvedi, Francis Mascarenhas, David Crawshaw Organizations: Adani, Consultancy, Reuters, SecLink Technologies Corporation, The, Modi's Bharatiya Janata Party, BJP, Modi's BJP, India's, Trust, Reuters ., Dharavi, Committee, Authority, Dhwani, Thomson Locations: Dubai, MUMBAI, rehouse, Dharavi, Maharashtra, The Dubai, Mumbai, Gujarat, snowballing

REUTERS/Rupam Jain/File PhotoGURUGRAM, India, Aug 10 (Reuters) - Over 3,000 poor Muslims have fled a business hub outside New Delhi this month, fearing for their lives after Hindu-Muslim clashes and sporadic attacks targeting them, residents, police and a community group said. The Gurugram president of Jamiat-Ulema-e-Hind (Council of Indian Muslim Theologians) Mufti Mohammed Salim estimated that more than 3,000 Muslims had left the district after the violence. "Many Muslims decided it's best to leave for a while," said Sheikh, adding that some Hindu owners of shops rented out to Muslims wanted them to vacate. "No one is asking them to leave and we are providing full security in all communally sensitive areas," he told Reuters. Reporting by Rupam Jain and Sakshi Dayal; Editing by YP Rajesh and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

Persons: Rupam, Raufullah Javed, Mufti Mohammed Salim, Shahid Sheikh, it's, Narendra Modi's, Ernst &, Anil Vij, Rupam Jain, Sakshi Dayal, YP Rajesh, Angus MacSwan Organizations: REUTERS, Reuters, Bharatiya Janata Party, BJP, Police, Fortune, American Express, Dell, Samsung, Ernst, Ernst & Young, Deloitte, YP, Thomson Locations: Gurugram, New Delhi, India, Nuh, Haryana, Bihar, Tigra, India's, Gurgaon

☆ Modi says no-confidence vote 'defames India', appeals for Manipur peace
▼ + stars: | 2023-08-10 | by ( Yp Rajesh | ) www.reuters.com time to read: +4 min

The no-confidence vote, moved by a new, Congress-led opposition alliance called "INDIA", was easily defeated as expected, with opposition lawmakers walking out of the legislature in protest even before the motion was put to vote. "They love to defame India, they have no faith in the people of India, in the abilities of India," Modi said in his 130-minute speech which was laced with nationalism and rhetorical flourishes. "They have tried in vain to break the self-confidence of Indians with this no-confidence vote," he said, speaking in Hindi. BJP lawmakers thumped their desks in approval and often cheered him by shouting "Modi, Modi". Opposition lawmakers frequently shouted "Manipur, Manipur" as Modi spoke on Thursday, seeking to get him to talk about it.

Persons: Narendra Modi, Emmanuel Macron, Aurelien, Modi, Critics, Rahul Gandhi, Gandhi, Amit Shah, Gilles Verniers, ”, YP Rajesh, Conor Humphries Organizations: Indian, French, Bharatiya Janata Party, BJP, Modi's BJP, INDIA, Wednesday, New Delhi’s, Policy Research, YP, Thomson Locations: Paris, France, Manipur, DELHI, India, MANIPUR, Myanmar

☆ Hindu-Muslim riots expose risk at major Indian business hub
▼ + stars: | 2023-08-03 | by ( Rupam Jain | ) www.reuters.com time to read: +4 min

Seven people were killed and over 70 injured in rioting in Nuh and Gurugram districts of Haryana state after a Hindu religious procession was targeted and a mosque attacked in retaliation. Gurugram, formerly known as Gurgaon, is a city of over 1.5 million people that shares a border with New Delhi. "Muslim men attacked the Hindu procession and killed many of our people," said Praveen Babbar, a leader of Hindu Yuva Vahini (Hindu Youth Force). Haryana Police, however, said they acted swiftly and prevented riots from spreading, and that two of its men were killed in the violence. Reporting by Rupam Jain, Additional reporting by Sakshi Dayal; Editing by YP Rajesh and Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Adnan Abidi, Anil Vij, Vij, Ernst &, Gurugram, Narendra Modi's, Praveen Babbar, Aftab Ahmed, Tara Kartha, Rupam Jain, Sakshi Dayal, YP Rajesh, Raju Gopalakrishnan Organizations: REUTERS, Bharatiya Janata Party, BJP, nab, Reuters, Fortune, American Express, Dell, Samsung, Ernst, Ernst & Young, Deloitte, Hindu, Force, Haryana Police, Analysts, of Peace, YP, Thomson Locations: Nuh district, Haryana, India, Delhi, Nuh, Gurugram, Gurgaon, New Delhi, Suzuki's, India's, Nuh's

☆ India's Gandhi to appeal against defamation conviction on "multiple grounds"
▼ + stars: | 2023-04-03 | by ( Sumit Khanna | ) www.reuters.com time to read: +2 min

SURAT, India, April 3 (Reuters) - Indian opposition leader Rahul Gandhi will on Monday lodge an appeal against his conviction for defamation, his lawyer said, hoping to overturn a judgement that resulted in his expulsion from parliament a year before a general election is due. Gandhi, the scion of a dynasty that has given India three prime ministers, was granted bail and a two-year jail sentence was suspended for 30 days allowing him to appeal in a higher court. "Gandhi will challenge the conviction order on multiple grounds," his lawyer, Kirit Panwala, told Reuters in Surat city in the western state of Gujarat where the appeal will be heard. He said the appeal would also highlight what he called procedural lapses in the trial. Writing by Rupam Jain in New Delhi; Editing by YP Rajesh, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

☆ Powerful Indian Hindu group backs government's opposition to same-sex marriage recognition
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI, March 14 (Reuters) - The ideological parent of India's ruling Hindu nationalist Bharatiya Janata Party (BJP) has backed the government position against recognising same-sex marriage, months after raising hopes with supportive comments on gay rights. Prime Minister Narendra Modi's BJP government has opposed recognising same-sex marriage and urged the Supreme Court to reject challenges to the current legal framework lodged by LGBT couples. "Marriage can only take place between persons of opposite genders, we agree with the government's stance on same-sex marriage," the Press Trust of India news agency quoted Dattatreya Hosabale, a top official of the Rashtriya Swayamsevak Sangh (RSS), as saying. Although Bhagwat had not referred specifically to same-sex marriage, his comments could force the government to reassess its opposition, a junior minister in the federal government and a senior BJP leader had said at the time. The RSS, established in 1925, is a powerful Hindu group estimated to have millions of active members across India and overseas.

☆ Indian govt to borrow a record 16 trillion rupees in fiscal 2023/24 - Reuters poll
▼ + stars: | 2023-01-23 | by ( Vivek Mishra | ) www.reuters.com time to read: +4 min

Gross borrowing next fiscal year is expected to hit 16.0 trillion rupees, up from an estimated 14.2 trillion rupees in 2022/23, according to the median forecast of 43 economists. Predictions were in a narrow range of 14.8 trillion to 17.2 trillion rupees. Even if it is at the lower end of the range, 2023/2024 gross borrowing would easily be the highest on record. Nim estimated repayments for 2023/24 at about 4.4 trillion rupees. India's government will cut food and fertiliser subsidies to 3.7 trillion rupees, more than 25% below the level of around 5 trillion rupees budgeted for 2022/23, the poll found.

The four gay couples want a Supreme Court ruling that modifies or interprets laws in a way that allows same-gender marriages, the court filings show. The United States this month approved legislation that provides federal recognition to same-sex marriages in a bid to further safeguard gay rights. The law ministry has opposed same-sex marriages in the past and said courts should stay away from the law-making process that falls under parliament's purview. The Supreme Court has given the government until Jan. 6 to submit its responses. "A decision on same-sex marriage in the near future is inevitable.

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