However, the NDA's slim margin of victory and the BJP's loss of an outright majority in parliament may slow down more extensive economic and fiscal reforms, potentially impeding fiscal consolidation efforts.
The market capitalization of the National Stock Exchange (NSE) experienced a significant decline, post-parliamentary election results giving a weaker majority for PM Modi led NDA alliance.
Despite the political stability that the NDA's majority provides, the UBS report suggests a potential shift towards a more populist economic policy in Modi's third term, targeting the lower-income strata.
According to a statement released by BSAC, government and non-government literacy reports depict an alarming picture, with Balochistan's literacy rate hovering between a mere 26 to 30 per cent, and female literacy virtually nonexistent.
The Department of Administrative Reforms and Public Grievances (DARPG) and IBM Center for The Business of Government, an independent business think tank that focuses on management issues in the U.S. Federal government a discussed ways to bridge the gap between citizens and government on June
India is currently enjoying a robust economic phase, often referred to as a "mini-Goldilocks moment," characterized by a combination of strong macroeconomic indicators.
In an about-turn from the economic liberalisation days of 1991 when India shipped out gold and pledged it overseas to avert a looming financial crisis, the country has now shipped in a little over 100 tonnes of its gold reserves held in the UK.
Citing the success of the IBC, she mentioned that World Bank, in its 2019 report, noted that India's 2016 insolvency regime reform increased creditor recovery rates from 26.5 to 71.6 cents on the dollar, making India 'by far the best performer in South Asia' and surpassing even the averag
S&P Global Ratings on Wednesday revised its rating outlook on India to positive from stable, and added that it expects continuity in economic reforms and fiscal policies regardless of the Lok Sabha election outcome.
Calling for reforms in the United Nations Security Council, Kazakhstan President Kassym-Jomart Tokayev has said that it is the need of the hour to update the multilateral institutions to rebuild their credibility.
Amid the ongoing reforms of the Defence Research and Development Organisation (DRDO), the Centre on Monday granted a one-year service extension to the research agency's chief, Dr Samir V Kamat.
Ahead of Indian freedom fighter and reformer Vinayak Damodar Savarkar's 141st birth anniversary, actor Randeep Hooda visited the Cellular Jail in the Andaman and Nicobar Islands, where Savarkar was sentenced to life terms of imprisonment totaling fifty years.