Last Monday, the Government of Maldives (B2 stable) declared a 15-day state of emergency, which will prevent the release of nine imprisoned opposition figures. This development is credit negative for the sovereign because it undermines the rule of law by overriding for apparent political considerations a decision by the judiciary. Heightened political tensions will reduce tourist arrivals, a key driver of the economy. A prolonged crisis will reduce investment inflows and impede the running of fiscal policy, exacerbating both fiscal and external pressures.
The great Indian election yatra is passing through the North East where two longest-serving chief ministers are guarding their turfs from a new resurgent BJP while in the third a former chief minister has joined hands with the national party to return to power.
Pakistan has developed short-range nuclear weapons to counter the ‘Cold Start’ doctrine of the Indian Army, country’s Prime Minister Shahid Khaqan Abbasi said on Thursday. Abbasi was addressing a gathering at the Council on Foreign Relations, a top American think-tank, on his maiden visit to the US after taking over his new office. On Tuesday, he met with US Vice-President Mike Pence. He will address the annual UN General Assembly session on Thursday.
Leaders like Narendra Modi and Donald Trump are being elected all over the world as the people are in pain due to unemployment, Congress vice president Rahul Gandhi said on Wednesday, but stressed that even the prime minister was not doing enough to solve the key problem facing India. Gandhi was interacting with students at the prestigious Princeton University during his two-week-long tour US tour.
BJP president Amit Shah completes three years in office today, a period that has seen his party rapidly expand base through some deft political manoeuvres. A master strategist, the BJP chief is Prime Minister Modi’s alter ego, and the two have together given the saffron party political sinews it couldn’t imagine before 2014. A blend of Modi’s mass appeal and Shah’s organisational skills and sagacity has resulted in BJP having 13 states under its belt and is in power in five more with alliance partners.
Ram Nath Kovind took over as India’s 14th President on Tuesday in a ceremony marked with pomp and tradition. In acceptance speech after taking oath of office in the historical Central Hall of Parliament.
Finance Minister Arun Jaitley today described the outgoing President Pranab Mukherjee a guardian of the Constitution who always upheld its propriety.
Ram Nath Kovind was elected as India’s 14 President as an overwhelming 65.65 per cent of the elected representatives voted in his favour making him a clear winner against opposition’s nominee Meira Kumar who got support of 34.35 percent voters.
Prime Minister Narendra Modi on Sunday asked all political parties to collectively fight “hooliganism” in the name of cow protection and said the state governments should take stringent action against anti-social elements indulging in violence on the issue.
The presence of two leaders in Germany at a time when the border tension had escalated into war mongering by the media on either side provided an opportunity to find an amicable settlement. But China on Thursday cited that the “atmosphere” was “not right” for a bilateral meeting between president Xi and PM Modi.