Narendra Modi displays the victory symbol after his party sweeps majority in Lok Sabha elections 2019
Narendra Modi displays the victory symbol after his party sweeps majority in Lok Sabha elections 2019

A $1.4 trillion India spending push tops Modi 2.0 agenda

  • BJP’s manifesto targets 100 trillion of capital investment in infrastructure by 2024
  • Fitch Ratings said improving the India’s weak government finances will be crucial for the new administration

In early trade, Sensex rose over 400 points but could not hold on to gains (PTI)
In early trade, Sensex rose over 400 points but could not hold on to gains (PTI)
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Markets Live: Sensex off highs after rising 400 points

  • Oil prices have seen a sharp fall as trade tensions dampened the demand outlook
  • Bank of Baroda, Yes Bank and PNB led the gains among banking stocks

People look at the screen on BSE building as the sensex soars on the vote counting day for the 2019 Lok Sabha polls, in Mumbai.  (PTI )
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Election Results 2019

Total Seats:
Counted Till Now:
  1. Party
  2. Wins + Leads
  3. 2014
* Lok Sabha has 543 seats, Voting in Vellore postponed.
The BJP always knew that the Bengal campaign would be tough and that Mamata Banerjee, chief minister of Bengal, would not cede ground so easily
The BJP always knew that the Bengal campaign would be tough and that Mamata Banerjee, chief minister of Bengal, would not cede ground so easily

Operation Bengal pays off for BJP

Riding on a latent anti-incumbency, the BJP devised a unique campaign strategy to take on Mamata Banerjee

BJP president Amit Shah and Prime Minister Narendra Modi at the party headquarters in New Delhi
BJP president Amit Shah and Prime Minister Narendra Modi at the party headquarters in New Delhi

10 reasons why the BJP swept the polls

  • Modi made people believe in themselves and in him
  • Modi’s nationalism brought down the traditional hurdles of caste and, in some areas, religion, too

Thane: BJP supporters celebrate the party's lead during the counting of votes for Lok Sabha elections 2019, at BJP office in Thane.  (PTI )
Thane: BJP supporters celebrate the party's lead during the counting of votes for Lok Sabha elections 2019, at BJP office in Thane. (PTI )

Ten charts that explain the 2019 Lok Sabha verdict

India seems to be witnessing the rise of a new political order, with a broad-based Hindu alliance driving the growth of the Bharatiya Janata Party

Under Ujjwala scheme, 70 million underprivileged households benefited in the last three years.ht
Indian National Congress Party president Rahul Gandhi looks on during a press conference, in New Delhi on May 23, 2019. - Rahul Gandhi, leader of India's main opposition Congress party, conceded on May 23 he had lost his seat in the famous family's long-held home constituency. (Photo by SAJJAD HUSSAIN / AFP)
Indian National Congress Party president Rahul Gandhi looks on during a press conference, in New Delhi on May 23, 2019. - Rahul Gandhi, leader of India's main opposition Congress party, conceded on May 23 he had lost his seat in the famous family's long-held home constituency. (Photo by SAJJAD HUSSAIN / AFP)

Congress stares at erosion of its political credibility

  • Results a poor reflection on Rahul Gandhi’s leadership capabilities and Congress’ poll strategy to take on the BJP
  • Congress' campaign did not find resonance with the people and only those candidates who were strong locally, ended up winning

Prime Minister Narendra Modi (HT file)
Prime Minister Narendra Modi (HT file)

Modi 2.0 muscles into new territories, retains Hindi bastion

  • The BJP has created history by becoming the first non-Congress government to return to power with a full majority
  • The saffron party has swept the Hindi heartland and Gujarat, and also managed to secure a strong foothold in West Bengal, Odisha, Tripura, Maharashtra, and Karnataka

Narendra Modi speaks after winning the Lok Sabha Elections at the Bhartiya Janata Party (BJP) headquarters in New Delhi. Photo: T. Narayan/Bloomberg
 (Photo: PTI)
The Sensex had surged over 1,000 points at day's high (Photo: Aniruddha Chowdhury/Mint)
The Sensex had surged over 1,000 points at day's high (Photo: Aniruddha Chowdhury/Mint)

Modi 2.0: Sensex @45,000 is Morgan Stanley’s new one-year target

  • Morgan Stanley expects the RBI to be more accommodative and the economy to come out of its soft patch
  • The ongoing trends suggest that there will be continuity in administration, says Morgan Stanley

Netflix is for the second straight year largely absent from Cannes. (Photo: Bloomberg)
Netflix is for the second straight year largely absent from Cannes. (Photo: Bloomberg)

Netflix isn't absent at Cannes. It's everywhere.

  • A study conducted by the Sorbonne captured just how vital Netflix has been to festival marketplaces
  • 39% of Cannes premieres since 2009 have gone on to stream on Netflix, although most first had theatrical runs

Rupee strengthened 0.3% to 69.80 a dollar while India's benchmark Sensex rose 0.68% to 39,076.26 points. (Reuters)
Rupee strengthened 0.3% to 69.80 a dollar while India's benchmark Sensex rose 0.68% to 39,076.26 points. (Reuters)

Bond prices rise for third straight day

  • The 10-year bond yield was at 7.219%, compared with Thursday's close of 7.236%
  • Since the start of May, bond yield has fallen nearly 20 basis points

BJP leader Smriti Irani (PTI )
BJP supporters \walk with a giant party flag during an election campaign rally in Kolkata (Photo: PTI)
Photo: PTI
Prime Minister Narendra Modi (L) and Amit Shah. (Photo: Pradeep Gaur/Mint)
BJP supporters celebrate their party's lead in the Lok Sabha elections, at BJP Headquarters in New Delhi, Thursday, May 23, 2019. (Photo: PTI)
BJP supporters celebrate their party's lead in the Lok Sabha elections, at BJP Headquarters in New Delhi, Thursday, May 23, 2019. (Photo: PTI)

Watsa sees trade tensions easing, India best place to put money

  • Watsa's companies have invested about $3.7 billion in India, including a stake in Catholic Syrian Bank last year
  • Watsa is especially bullish on India and sees increased privatization in the economy under Modi

Photo: PTI
Photo: PTI

Legwork, foot soldiers and focus on its social schemes behind BJP’s success

  • BJP managed to build a strong organizational network, which helped it take the NDA govt’s flagship schemes to the socially, financially weaker sections
  • This importance of the elections for the BJP president can be gauged from the fact that Amit Shah travelled nearly 160,000km, holding 161 public meetings, 18 road shows and more than 1,500 meetings with BJP leaders and workers

Photo: Mint
Photo: Mint

Opinion: Down south, both Left and Right are at crossroads of political history

Right-wing forces have been trying to win in Kerala since the 1984 elections

A digital broadcast shows an image of Indian Prime Minister Narendra Modi next to stock prices outside the Bombay Stock Exchange (BSE) in Mumbai. (AFP )
A digital broadcast shows an image of Indian Prime Minister Narendra Modi next to stock prices outside the Bombay Stock Exchange (BSE) in Mumbai. (AFP )

With clear mandate, the pressure is on NDA 2.0 to get radical with reforms

The bankruptcy code and GST need more teeth to make them breakthrough reforms

Photo: Mint
BJP supporters carry a cut-out of PM Narendra Modi while celebrating the party's lead in the 2019 Lok Sabha polls. Photo: PTI
BJP supporters carry a cut-out of PM Narendra Modi while celebrating the party's lead in the 2019 Lok Sabha polls. Photo: PTI

Five economic challenges staring at Modi 2.0

  • If the investment slowdown was not worrying enough, the recent consumption slump will add to the policy challenges for the new government
  • The government in its full Budget which is likely to be presented in July will be tempted to breach the fiscal discipline

A file photo of TMC supporters election campaign rally in Kolkata
Bihar CM Nitish Kumar with his deputy Sushil Kumar Modi flashing the victory sign after NDA's win in the Lok Sabha polls, in Patna, Thursday. (PTI)
Bihar CM Nitish Kumar with his deputy Sushil Kumar Modi flashing the victory sign after NDA's win in the Lok Sabha polls, in Patna, Thursday. (PTI)

Well-calibrated social and political engineering led to NDA’s win in Bihar

What worked for the NDA is that it received votes from almost every caste

Congress President Rahul Gandhi. (PTI)
 (Photo: PTI)
Indian Prime Minister Narendra Modi (L) flashes the victory sign as he celebrates his victory in India's general elections, Photo: Pradip Gaur/Mint (Photo: AFP)
Indian Prime Minister Narendra Modi (L) flashes the victory sign as he celebrates his victory in India's general elections, Photo: Pradip Gaur/Mint (Photo: AFP)

Modi 2.0 seen continuing with its zero tolerance approach towards terror

  • Government may focus on allocating more resources for the defence budget aiding modernization, fine-tune policies towards US, China and Pakistan
  • The government was successful in rallying countries in its support to ensure Maulana Masood Azhar was declared a terrorist by the UN

 (Mint file)
(Mint file)

Opinion | A tryst with Indian democracy on vacation in hospital

An unexpected vacation in hospital can throw the hardiest into the rough and tumble of Indian elections

 (Photo: Pradeep Gaur/Mint)
(Photo: Pradeep Gaur/Mint)

Opinion | The people supported the BJP’s politics of development and performance

People have risen above caste, region, and similar identity-related issues

A file photo of Sumalatha Amarnath. (Mint)
Prime Minister Narendra Modi addresses BJP workers at the party headquarters in New Delhi on Thursday. (Ramesh Pathania/Mint)
The Jan Dhan scheme was probably the largest undertaking which has provided access to banking to a large mass of people in the country (Pradeep Gaur/Mint)
Rahul Gandhi has lost comprehensively to Modi and the leadership battle has ended in a whimper (Bloomberg)
Rahul Gandhi has lost comprehensively to Modi and the leadership battle has ended in a whimper (Bloomberg)

In the leadership battle, the Modi wave sinks Rahul’s boat

  • Modi’s not only won the battle but also reached popularity levels enjoyed only by Jawaharlal Nehru, Indira Gandhi
  • Throughout the campaign, Modi, like in 2014, continued to set the agenda that the Congress chief followed and reacted to

A billboard with an image of Indian Prime Minister Narendra Modi is surrounded by Bharatiya Janata Party (BJP) flags as supporters gather to celebrate the election results outside the BJP headquarters in Mumbai.  (AFP )
A billboard with an image of Indian Prime Minister Narendra Modi is surrounded by Bharatiya Janata Party (BJP) flags as supporters gather to celebrate the election results outside the BJP headquarters in Mumbai. (AFP )

Opinion | Narendra Modi reigns supreme. Now India's economy awaits

  • The prime minister’s remarkable election victory offers a momentous chance to correct the missteps of his first term
  • Investors will want to know if Modi still has an appetite for arbitrary action, such as his overnight ban on 86% of the country’s cash

Indian Prime Minister Narendra Modi flashes the victory sign as he celebrates his victory in India's general elections, (Photo: AFP)
Indian Prime Minister Narendra Modi flashes the victory sign as he celebrates his victory in India's general elections, (Photo: AFP)

Opinion | Find, produce and consume in India will get a boost

Such is the scale of India’s needs that in times to come, all that we find in India will sell in India

Photo: Mint
YSR Congress supremo Jagan Mohan Reddy.
A file photo of Prime Minister Narendra Modi
A file photo of Prime Minister Narendra Modi

Opinion | TN’s aspirational urban middle class rejects Modi

The gains DMK has made in this poll is a result of its steady, resistance to BJP since 2016

Karnataka CM H.D.Kumaraswamy.
 (Pradeep Gaur/Mint )
Supporters of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party (BJP) celebrate the election results outside the BJP headquarters in Mumbai. (Photo by PUNIT PARANJPE / AFP)
Supporters of Indian Prime Minister Narendra Modi and his ruling Bharatiya Janata Party (BJP) celebrate the election results outside the BJP headquarters in Mumbai. (Photo by PUNIT PARANJPE / AFP)

Credit view on India hinges on policies of new govt: Moody's

  • Moody's expects the broad push towards fiscal consolidation to remain
  • As per the trend, BJP-led NDA will form the government at the Centre for the second successive term with absolute majority

Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income (iStock)
Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest income (iStock)

Form 15H amended, senior citizens to get higher TDS exemption on interest income

  • Senior citizens with a taxable income of up to 5 lakh can now submit in banks and post offices Form 15H to claim exemption from TDS on interest income on deposits
  • Earlier, the limit for seeking TDS exemption was 2.5 lakh

LTCG tax on mutual fund investments differs from one fund type to another—both the definition of the period that qualifies as long term as well as the tax rate that applies. Photo: iStock
LTCG tax on mutual fund investments differs from one fund type to another—both the definition of the period that qualifies as long term as well as the tax rate that applies. Photo: iStock

Election results 2019: Many hope NDA-II to roll back LTCG tax on equity

  • Sensex also hit 40,000 for the first time as the early leads suggested a clear BJP victory
  • The new government should definitely work something out in terms of taxation and remove the 10% LTCG tax, says financial advisor