Saturday, November 16, 2024

NDA meet over cabinet posts today as Modi accused of stock market manipulation

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Indian opposition leader Sanjay Singh on why voters are unhappy with Modi

India’s opposition leader Rahul Gandhi has called for a parliamentary investigation into Narendra Modi and his right-hand-man for alleged stock market manipulation in the wake of the election results.

Gandhi said Modi and home minister Amit Shah gave misleading advice to the public after exit polls incorrectly suggested the ruling BJP would win another landslide.

Modi and Shah had urged people to “buy (stocks) before June 4, they will shoot up”. When the election results were finally released on Tuesday, however, Indian stocks suffered their biggest crash in four years.

Meanwhile, Modi continues talks to form a coalition government, amid reports that the BJP’s minor allies are making big demands regarding policy changes.

Plans are being made for Modi to be inaugurated for his third term on Sunday, but he is being forced to negotiate on Cabinet roles with alliance members after his BJP unexpectedly failed to win a majority in the country’s election.

Modi’s alliance partners like the Janata Dal (United) party have already said publicly that they will push the BJP to reverse some of its recent flagship policies, and there is said to be disagreement over the seniority of cabinet roles being offered to JD(U) and another coalition party.

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Kashmiri MP-elect requests bail to take oath

A Kashmiri politician who won the election in his constituency despite being in jail on charges of funding terrorism has requested bail to attend the oath-taking ceremony.

Sheikh Abdul Rashid, widely known as Engineer Rashid for his past as a construction engineer, was elected as the MP from Jammu and Kashmir’s Baramulla constituency.

He beat the well-known former chief minister of the state, Omar Abdullah, by over 200,000 votes.

Rashid entered a bail plea on 4 June. Judge Chander Jit Singh has requested a response from National Investigative Agency in the case and the matter is expected to be heard today.

Rashid is currently lodged in Delhi’s Tihar Jail under anti-terror laws, and has been held since 2019.

He has not been allowed to talk to his family over the phone since January this year, a family member told the Frontline magazine.

Congratulating Rashid, Omar Abdullah posted on X: “I don’t believe his victory will hasten his release from prison nor will the people of North Kashmir get the representation they have a right to but the voters have spoken and in a democracy that’s all that matters.”

Namita Singh7 June 2024 08:19

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Rahul Gandhi granted bail in defamation case

A special court in the southern Indian state of Karnataka has granted bail to Congress leader Rahul Gandhi in a defamation case filed by a local politician from Narendra Modi’s Bharatiya Janata Party.

The case filed by Keshav Prasad alleged that Congress engaged in propaganda by publishing full-page advertisements accusing the previous BJP government in the state of charging a 40 per cent commission for providing government projects.

Rahul Gandhi, a senior leader of Congress party, arrives at the party headquarters in New Delhi
Rahul Gandhi, a senior leader of Congress party, arrives at the party headquarters in New Delhi (Reuters)

Earlier, two other Congress party members – chief minister of state Siddaramaiah and deputy chief minister DK Shivakumar – were granted bail on 1 June.

They also sought exemption from personal appearance.

Gandhi skipped that hearing, and the court set the next date for today, directing that he should appear in person.

Namita Singh7 June 2024 07:56

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Modi to take oath as PM for third time, says BJP

Narendra Modi will take oath as Prime Minister for the third time on 9 June , Sunday, at 6pm, said BJP spokesperson Prahlad Joshi at the parliamentary meeting.

Earlier, members of BJP-led National Democratic Alliance met in the parliament to elect the Mr Modi as the bloc’s leader and prime ministerial face.

Mr Modi is for the first time forced to rely on his alliance partners after his party fell way short of majority mark of 272 seats, winning 240 seats, while NDA crossed the mark getting a total of 292 seats.

In this photo shared by Prime Minister’s Office, Indian prime minister Narendra Modi, center, poses for a photograph with senior leaders of the Bharatiya Janata Party (BJP) and to his left, Telugu Desam Party leader N Chandrababu Naidu, and Janata Dal (United) leader Nitish Kumar, during a meeting at his residence in New Delhi, India, Wednesday, 5 June 2024
In this photo shared by Prime Minister’s Office, Indian prime minister Narendra Modi, center, poses for a photograph with senior leaders of the Bharatiya Janata Party (BJP) and to his left, Telugu Desam Party leader N Chandrababu Naidu, and Janata Dal (United) leader Nitish Kumar, during a meeting at his residence in New Delhi, India, Wednesday, 5 June 2024 (AP)

Namita Singh7 June 2024 07:33

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Elected representatives of Modi-led alliance arrive at parliament

Newly elected parliamentarians of the BJP led National Democratic Alliance arrived in parliament to elect Narendra Modi as the leader, paving the way for his third term, ahead of his slated meeting with president Draupadi Murmu.

“We are very happy. It is a matter of great joy,” says BJP MP, Hema Malini.

“This is just a formality to choose the PM as the leader [of NDA],” says Lok Janshakti Party chief Chirag Paswan. “We contested the election under his leadership. Under his leadership, we have the capability that NDA is forming the government for the third consecutive time with a thumping majority.”

Namita Singh7 June 2024 07:30

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Modi to claim he can form new coalition government today – report

Prime minister Narendra Modi is expected to meet president Droupadi Murmu to formally claim he has the numbers to form the new government later today, reported NDTV, citing sources.

Modi’s BJP has been meeting for the past two days with its key alliance partners, who are critical to prop up a third administration for Modi after his BJP failed to cross the majority mark of 272 seats in its own right.

In this screen grab taken from a video uploaded on the official YouTube channel of Indian prime minister Narendra Modi, the prime minister, left, is sitting next to Telugu Desam Party leader N Chandrababu Naidu, center, and Janata Dal (United) leader Nitish Kumar during a meeting at the prime minister’s residence in New Delhi, India, Wednesday, 5 June 2024
In this screen grab taken from a video uploaded on the official YouTube channel of Indian prime minister Narendra Modi, the prime minister, left, is sitting next to Telugu Desam Party leader N Chandrababu Naidu, center, and Janata Dal (United) leader Nitish Kumar during a meeting at the prime minister’s residence in New Delhi, India, Wednesday, 5 June 2024 (AP)

All eyes are on the Hindu nationalist party’s balancing act, as they work to accommodate the demands of the Telugu Desam Party’s Chandrababu Naidu and Janata Dal (United) chief, Nitish Kumar.

Plans are being made for Modi to give his oath as prime minister in a ceremony on Sunday evening.

Namita Singh7 June 2024 07:10

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Rahul Gandhi to appear before state court in defamation case

Opposition leader Rahul Gandhi is set to appear for a defamation case before a court in southern Indian state of Karnataka.

The case filed by Keshav Prasad, a local politician from Narendra Modi’s Bharatiya Janata Party alleged that Congress engaged in propaganda by publishing full-page advertisements accusing the previous BJP government in the state of charging a 40 per cent commission for providing government projects.

Congress party leader Rahul Gandhi addresses a press conference on stock market movements prior to the poll results in New Delhi, India
Congress party leader Rahul Gandhi addresses a press conference on stock market movements prior to the poll results in New Delhi, India (AP)

Earlier, two other Congress party members – chief minister of state Siddaramaiah and deputy chief minister DK Shivakumar – were granted bail on 1 June. They also sought exemption from personal appearance.

Gandhi, however, skipped the hearing, as the court set the next date of hearing for 7 June, directing his personal appearance,

Namita Singh7 June 2024 06:26

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West Bengal high court pulls up state authorities over post-poll violence

The Calcutta High Court has criticised the West Bengal state authorities over post-poll violence, saying it may ask the Central Armed Police Forces (CAPF) to stay deployed in the state for the next five years if the state fails to control violence.

“We want to ensure security of the people of the state at any cost,” said two-judge bench Justice Kausik Chanda and Justice Apurba Sinha Ray as it directed the state to allow people affected by violence to submit complaints to the Director General of Police via email.

“We want to ensure security of the people of the state at any cost,” the Bench said.

Supporters of Trinamool Congress (TMC) party cheer during an election campaign
Supporters of Trinamool Congress (TMC) party cheer during an election campaign (AFP via Getty Images)

A petitioner named Rastrabadi Ainjeebi, through their lawyer, told the court that 11 people have died since the conclusion of the election.

Justice Koushik Chanda said: “Every day, we are watching in the media about post-poll violence. What happened after the last Assembly election, the same thing is happening this time also. You (State) should be ashamed.”

“If the state fails to control this violence, we have to make a decision that in the next five years, the Central forces will stay in this state.”

Namita Singh7 June 2024 06:07

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Congress politician on why Modi shouldn’t form government

Senior Congress politician Sachin Pilot says Narendra Modi should not be allowed to form the next government, arguing that he does not have a mandate to do so based on the election results.

“The BJP should introspect,” he said during a media interaction.

“When the 1989 election happened, Rajiv Gandhi got around 200 seats. He was asked to form the government, but he refused saying he had not got the mandate,” he said, referring to a former Indian prime minister for the Congress party.

“Then, the next largest party was asked to form the government.”

Mr Modi’s ruling BJP fell way short of the halfway mark of 272 seats, winning 240 seats, and he must now rely on minor partners in his National Democratic Alliance to make up a majority in parliament. The NDA as a whole won a total of 292 seats.“People didn’t accept BJP’s campaign of ‘Mandir Masjid’, Hindu-Muslim issues, and ‘Mangalsutra’,” he said referring to divisive remarks made by the prime minister during the campaign.

“The central government adopted an attitude, especially against the opposition, targeting them, imprisoning elected chief ministers, and misusing (central probe) agencies like the [Enforcement Directorate] and [Central Bureau of Investigation]. All these actions have been rejected by the people,” Mr Pilot said.

Namita Singh7 June 2024 05:41

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BJP accuses opposition alliance of misleading market investors

The BJP accused Congress of misleading market investers after opposition leader Rahul Gandhi held a press conference alleging a connection between the Hindu nationalist party, “exit pollsters and dubious foreign investors”.

“Rahul Gandhi has still not overcome the loss in the Lok Sabha Elections. Now, he is conspiring to mislead the market investors,” said union commerce minister Piyush Goyal.

“Today, India has become the fifth-largest economy.”

Alleging that Mr Gandhi wants to instill “fear in the minds of both the domestic and global investors, so that they do not invest,” he said: “We all know equity markets react to various estimates and predictions during any elections, or for that matter any forecasts by banks and institutions. Ups and downs are normal even during a non-event.”

Congress party leader Rahul Gandhi shows a stock market movement chart during a press conference in New Delhi, India, Thursday, 6 June 2024
Congress party leader Rahul Gandhi shows a stock market movement chart during a press conference in New Delhi, India, Thursday, 6 June 2024 (AP)

Namita Singh7 June 2024 05:11

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China objects after Taiwan congratulates Modi on third term

China has launched a formal protest over an exchange between Taiwan’s president Lai Ching-te and Indian prime minister Narendra Modi following the election results.

Mr Lai, in a post on X, congratulated Mr Modi on winning a third term, saying: “My sincere congratulations to Prime Minister @narendramodi on his election victory. We look forward to enhancing the fast-growing #Taiwan-#India partnership, expanding our collaboration on trade, technology & other sectors to contribute to peace & prosperity in the #IndoPacific.”

“Thank you @ChingteLai for your warm message,” responded Mr Modi. “I look forward to closer ties as we work towards mutually beneficial economic and technological partnership.”

File: Indian prime minister Narendra Modi, left, talks with Chinese president Xi Jinping at a signing ceremony by foreign ministers during the BRICS summit in Goa, India, 16 October 2016
File: Indian prime minister Narendra Modi, left, talks with Chinese president Xi Jinping at a signing ceremony by foreign ministers during the BRICS summit in Goa, India, 16 October 2016 (AP)

Objecting to the exchange, China’s foreign ministry spokesperson Mao Ning said: “First of all, there is no such thing as ‘president’ of the Taiwan region.”

“As for your question, China opposes all forms of official interactions between the Taiwan authorities and countries having diplomatic relations with China. There is but one China in the world. Taiwan is an inalienable part of the territory of the People’s Republic of China,” she said.

“The one-China principle is a universally recognised norm in international relations and a prevailing consensus in the international community,” Ms Mao said, adding, “India has made serious political commitments on this and is supposed to recognise, be alarmed about and resist the Taiwan authorities’ political calculations. China has protested to India about this.”India “has diplomatic relations with China.

“China opposes all forms of official interactions between the Taiwan authorities and countries having diplomatic relations with China. This position is very clear and India knows this well,” she said.

Namita Singh7 June 2024 04:51

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