News Gist .News

Articles | Politics | Finance | Stocks | Crypto | AI | Technology | Science | Gaming | PC Hardware | Laptops | Smartphones | Archive

India Opposition Unites Against Modi's Plan to Redefine Constituencies

The southern states' protest highlights the ongoing tensions between central government control and regional autonomy in India, with M.K. Stalin's proposal aiming to maintain a status quo that favors representation of densely populated northern states over less populous southern regions. The Modi government's plan is seen as an attempt to undermine regional interests and create a north-south divide. By supporting the 1971 boundaries until 2056, southern states aim to ensure equal representation in parliament despite population growth.

See Also

India's North-South Divide Over Modi's Plan to Redraw Constituencies Δ1.93

India's southern states are protesting against Prime Minister Narendra Modi's plan to redraw parliamentary constituencies, fearing it will diminish their representation in favor of the more populous northern states. The controversy is fueled by concerns that the proposed changes, which hinge on population metrics, penalize southern states for their successful population control measures. Opposition leaders are uniting to demand a census before any redistricting occurs, claiming the current representation disparities must be addressed to ensure fair political representation.

India’s Economy Recovers, Providing Relief to Policymakers Δ1.74

India's economy rebounded with a 6.2% growth rate in the fourth quarter, outpacing expectations and offering some respite to Prime Minister Narendra Modi's ambitious growth plans. The GDP figure was in line with the median forecast in a Bloomberg survey of economists and higher than a revised reading of 5.6% expansion in the previous quarter. However, concerns persist about the country's growth prospects for the next year, with exports and government spending expected to play a crucial role in sustaining momentum.

India's Modi to Back Mauritius Sovereignty over Chagos, Upgrade Security Ties Δ1.74

Modi will reiterate Mauritius sovereign rights over Chagos, Trump has indicated support to UK-Mauritius deal over islands. India, Mauritius to sign agreement to enhance maritime security. The move reflects a shift in regional dynamics, as India seeks to bolster its strategic partnerships with island nations against the growing influence of China.

India's Economic Growth Picked up on Rising Government, Consumer Spending Δ1.72

India's economy expanded by 6.2% in October-December, picking up on increased government and consumer spending, official data showed on Friday, and the government said it expected a further acceleration in the current quarter. The stronger rural economy also bolstered the world's fifth-largest economy in the final quarter of 2024, but manufacturing growth remained subdued. India is still the world's fastest-growing major economy, but it faces uncertainties over its trade with the United States.

Portugal PM Calls Confidence Vote He'll Likely Lose, Election Looms Δ1.71

The proposal for a confidence vote comes as the prime minister's minority government faces intense opposition from main parties, with a third early election since 2022 on the cards. If the motion fails, Montenegro risks losing his position, and President Marcelo Rebelo de Sousa will decide whether to dissolve parliament and call fresh elections, which many analysts consider likely. The president stated he would meet with the ruling parties and consultative Council of State after the vote to make a decision on the election calendar.

India Inflation Likely Eased Below 4% in February for the First Time in Six Months Δ1.71

India's consumer inflation is projected to have fallen below the Reserve Bank of India's target of 4.0% in February, driven by a slowdown in food price increases as fresh produce became more available. Economists suggest that this easing of inflation may prompt the central bank to consider interest rate cuts to support economic growth, especially following a previous reduction in February. However, concerns remain about potential future inflation spikes due to the looming summer heatwaves and their impact on crop yields.

Indian Markets Sensitive to Global Economic Tures Δ1.71

Indian stock markets and the rupee have been reacting sharply to recent global economic developments, with investors taking a cautious view ahead of key earnings reports from major Indian companies. The value of the rupee has also been impacted by changes in oil prices and interest rates. The impact of these factors on India's economy is expected to be significant, with experts warning that the country may face a period of slow growth.

Germany's Greens May Refuse to Back Merz in Threat to Massive Debt Plans Δ1.71

Germany's Greens are signaling potential refusal to support Friedrich Merz's plans for a significant increase in state borrowing, with concerns rising over the approval process as negotiations progress. The proposed reforms include a special 500 billion euro infrastructure fund aimed at revitalizing the economy, but the Greens demand more climate protection measures to be integrated into the plans. As the political landscape shifts with an incoming parliament, the dynamics between Merz, the Greens, and other coalition partners could complicate the path to passing these crucial measures.

India Struggles to Shake Off Pessimism After $1.3 Trillion Stock Rout Δ1.71

Global fund managers are in no rush to load up on Indian stocks even after an unprecedented losing streak has lowered equity valuations, as the market is still grappling with challenges posed by an economic slowdown, profit downgrades, and potential US tariffs. Overseas investors have pulled almost $15 billion from local shares so far this year, putting outflows on track to surpass the record $17 billion registered in 2022. The selloff has wiped out $1.3 trillion from India’s market value.

South Sudan Detains Oil Minister and Military Officials in Threat to Peace Deal Δ1.71

The detentions of the petroleum minister and senior military officials follow intense fighting in Nasir, a strategic northern town, jeopardizing a peace deal that ended a five-year civil war. South Sudanese forces have deployed troops around Machar's residence, despite his ability to travel to his office on Wednesday morning. The arrests are likely to further destabilize the fragile peace that has maintained a delicate balance among competing armed leaders since 2018.

Elements of German Parties' Coalition Paper Δ1.70

Friedrich Merz's conservatives and the Social Democrats (SPD) have concluded preliminary discussions aimed at forming a coalition government, outlining a comprehensive 11-page position paper on key policy areas. The proposed measures include stricter border controls, a reformed welfare system, energy price reductions, and targeted economic growth strategies, alongside support for industries deemed strategic. The coalition's success hinges on legislative approval of significant financial measures, including a 500-billion-euro infrastructure fund, which faces opposition from various political factions.

Portugal's Politics Teeters on Brink as Parliament Votes on Confidence Motion Δ1.70

Portugal's cabinet has decided to proceed with a motion of confidence in the centre-right government, despite opposition from main parties, and a parliamentary vote is expected next Tuesday. The proposed vote, which Prime Minister Luis Montenegro announced on Wednesday, risks his own dismissal and an early election. A rejection by lawmakers would lead to the government's fall, triggering a caretaker period before President Marcelo Rebelo de Sousa decides on dissolving parliament and calling fresh elections.

Germany's Merz and SPD Clear First Hurdle to Forming Coalition Δ1.70

Friedrich Merz's conservatives and the Social Democrats (SPD) have successfully concluded preliminary coalition talks, emphasizing a commitment to stricter measures on illegal migration and economic growth. Merz aims for Germany to achieve 1-2% growth after two years of contraction while increasing military spending and state borrowing to revive the economy. The next phase involves negotiations with the Green party, which will be crucial for passing proposed fiscal measures.

German Far-Right Challenges Attempt to Put Spending Plans to Old Parliament Δ1.70

The Alternative for Germany (AfD) party has submitted urgent legal motions to the constitutional court, seeking to block a planned convening of the outgoing German parliament to consider a significant half-trillion-euro spending package. The proposed changes aim to expand defense and infrastructure spending, sparking concerns about potential constitutional implications. However, the far-right party is challenging this move due to concerns over its legitimacy.

Myanmar Junta Announces Election Timeline Δ1.70

Myanmar's military government will hold a general election in December 2025 or January 2026, according to the junta chief, marking a significant milestone in the country's turbulent transition. The election promises to be a crucial test of the junta's legitimacy and ability to restore order in Myanmar, which has been plagued by turmoil since a military coup in early 2021. The announcement has raised hopes among opposition groups, who have long called for free and fair elections.

India's Nifty Posts Longest Losing Run on Escalating Global Trade Conflict Δ1.70

India's Nifty 50 index has recorded its longest losing streak in three decades, driven by escalating global trade tensions following the implementation of tariffs by U.S. President Donald Trump. The index has fallen approximately 4% over the last ten sessions, reflecting broader concerns about potential harm to global growth and increased inflation in the U.S. The ongoing situation has created significant uncertainty in Indian markets, particularly affecting sectors reliant on exports.

Britain, Philippines Committed to Rules-Based Order, UK's Lammy Says Δ1.70

British foreign minister David Lammy reaffirmed Britain's commitment to a rules-based international order, highlighting the importance of cooperation with like-minded partners such as the Philippines. Both countries have stood together in supporting Ukraine and advocating for a free and open Indo-Pacific region. The signing of a joint framework agreement enhances collaboration on defence, regional security, and climate action.

Italy Calls for Summit Between U.s. and Europeans, Says Divisions Make West Weaker Δ1.70

Italy's Prime Minister Giorgia Meloni has proposed an immediate summit involving the United States and European nations to discuss how to address global challenges, starting with Ukraine, amid rising tensions within the Western alliance. The summit aims to bring together leaders from both sides to find common ground and strengthen cooperation. This move seeks to revitalize a sense of unity among West's nations.

Austrian Liberals Hold Party Vote Crucial to Future Coalition Government Δ1.70

Beate Meinl-Reisinger, leader of Austria's small, liberal Neos party, called on party members to make history on Sunday and support what she sees as a move supporting liberal democracy as they voted on whether to join a proposed coalition government. Three centrist parties announced coalition deal last week; Neos members must approve the deal to join next government if they do not, two-party coalition has one-seat majority. Government to be sworn in on Monday after historic wait.

Gaza Reconstruction Plan Ready, Pushes Efforts for Ceasefire's Second Phase Δ1.70

Egypt's Gaza reconstruction plan is ready and will be presented at an emergency Arab summit in Cairo on Tuesday, ensuring Palestinians remain in their land. Egyptian Foreign Minister Badr Abdelatty said the plan, which has international backing and funding, aims to counter a U.S. proposal that has sparked anger among Palestinians and Arab nations. The fragile ceasefire agreement's first phase has expired, with Israel blocking aid trucks into Gaza as tensions escalate.

German Lawmakers Set Timetable in Race for Borrowing Bonanza Δ1.70

German lawmakers are set to debate a 500-billion-euro infrastructure fund and significant changes to state borrowing rules aimed at boosting defense spending and economic growth, with votes scheduled before the formation of a new parliament. The proposed reforms reflect a dramatic shift from Germany's traditional fiscal conservatism, driven by increasing geopolitical tensions and a perceived need for improved national security. However, these measures face potential roadblocks from far-right and radical-left factions that may gain more influence in the newly elected parliament.

RBI’s Pivot Drives Investors to Bet on Gain in Indian Bonds Δ1.70

Indian investors are positioning for a rally in government bonds as the central bank is expected to deliver further interest-rate cuts this year, driven by bets on an economic slowdown and a decline in inflation. The Reserve Bank of India's (RBI) pivot towards monetary easing may lead to a decrease in the benchmark 10-year yield to 6.4% by June, according to SBM Bank (India) Ltd. The yield was at 6.69% on Friday, with bond traders forecasting an extended rally in 2025.

India's Benchmark Reverses Early Gains as Global Trade Concerns Erode Sentiment Δ1.69

India's benchmark indexes reversed early gains on Monday, as global trade concerns kept investor sentiment on edge, while index heavyweight Reliance Industries fell the most in five months. The Nifty 50 and BSE Sensex indexes lost ground after data showed a slower-than-expected economic growth rate for the October-December quarter. Investor caution was fueled by U.S. tariff uncertainty and cautious commentary from analysts.

South Sudan Situation Deteriorating at Alarming Pace, UN Rights Body Says Δ1.69

The United Nations Commission on Human Rights in South Sudan has expressed grave concerns over the escalating violence and political tensions in the country, which threaten to undermine the fragile peace process. Increased arrests of officials allied to Vice President Riek Machar have raised fears about the stability of a 2018 peace deal that ended a devastating civil war. The situation is now witnessing an alarming regression that could erase years of hard-won progress.