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With the Congress winning the elections, the NRIs are now looking forward to nominate NRI members in Parliament.

The president of the Indian Overseas Congress of Britain Balwant kapoor now hopes the new government will accept the request to include two NRI representatives in the parliament. The representatives are meant for Europe and the other for United States.

Balwant kapoor was also an active participant in the recently held Lok Sabha election. He has also worked with the first health minister of India, Rajkumari Amrit Kaur, and continues to maintain close relations with the national leaders.

The NRIs are also looking forward for more benefits like fast track court for property litigations, voting rights etc. The NRIs have also played an important role in contributing for the development of India. Especially the British Indians, they have helped in building hospitals, schools, clinics throughout India.

Source: Times of India

100 days is the new magic mantra to turn the Indian economy around with large doses of honesty, transparency and a well thought of leadership coupled with sincere commitment. The main objective of the new union cabinet ministers, some of whom are serving a second straight term, is about establishing goals and achievable targets for various programs.

The former commerce minister Kamal Nath voiced his opinion that he would be happy handling any portfolio that the government would give him. Kapil Sibal who was responsible for the science and technology department in the outgoing cabinet expressed his strong view on the readiness of India to face the challenges faced by global warming. India is also taking sturdy steps to frame extremely sound regulatory environmental policies at the national and local level.

Ambika Soni who headed the Cultural department previously said that the first 100 days of the congress and the UPA is a sound platform to form and implement new policies. The Manmohan Singh government had fulfilled all promises in its first five year term and they look forward to bearing the torch of excellence in ethics and sound governance in the second term as well.

Source:  Economic Times

After months of uncertainty NRIs are relieved now that India has voted for stability. The results have seen Indian voters having a sense of clarity.

The NRIs played an active role in the elections as well as the nuclear deal. They also believe that Man Mohan Singh will prove to be an ideal head. ”The people of India could not have made a better choice than to strengthen the hands of Prime Minister Manmohan Singh during these uncertain and difficult economic times,” said Ashok Mago, Chairman of the US India Forum.

The results of the elections were also watched with great interest. The fortunes of two NRIs were also being watched closely. NRI candidate Janardhan swamy from the BJP party won the elections while Krishna Byre Gowda from the congress lost. The white house also saw the Indian elections as strengthening of true democracy.

It is also hoped that the NRIs will continue to play an active role in the tasks undertaken by the government.

Source: Times OF India

As the new government comes in power the Indian corporate world is looking forward for economic reforms.  UPA getting elected back to power is seen as India getting stability. The current circumstances will also see the government incorporating major policy changes.

The results of these elections have also brought a ray of hope. Indian Inc is hoping reforms to take place in sectors like Pensions, insurance, banking, divestment, labour, private participation in defence and retail. The exports market which had also been affected and the industrial output which had seen a decline will have to be revived to improve the economy.

Making the budget which addresses the problem will be the top priority. Tax sops, are on top of corporate India’s priority list to tide over the ongoing economic crisis. The export sector is also expecting some tax exemption.The gems and jewellery sector will be also looking forward for improvement. The sector had seen major job cuts due to the slowdown.

Let’s see whether the new government will be able to meet the expectations of the corporate world.

Source: Yahoo News

With Congress returning to power it has been good news from the stock markets. The coming back of the government brings back stability. The UPA government took a lead of 262 seats in the elections. Prime Minister Manmohan Singh is all set for a 2nd term.

It was expected that the  elections will have a positive impact on the markets. With UPA coming back the Sensex rose to 13,000. The rise was seen after October 2008. NIFTY also saw the rise to 4000. The Indian rupee was trading at 4-month high of 48.40 a US dollar.

Earlier the markets were facing difficult times, but looking at today’s results it seems markets will see an upward curve. Dinesh Thakkar, CMD, Angel Broking said, “The election results have come as a positive surprise and are expected to go down well with the markets considering that markets like continuity of government policies, mindsets and ideologies.

Let’s wait and watch what new policies are being formed. Let’s hope the government lives up to the expectations.

Source: Moneycontrol, Economic Times

The recently concluded elections saw around 714 million voters eligible to cast their ballots at more than 828,000 polling stations. The major political parties in these elections were the Congress, the BJP and Third Front: An alliance of communists, socialists, regional parties and caste-based parties. . The polls started on April 16th and ended on 14th may o9.

It was expected that the voter turnout would be more than the previous years but the average was same. In the first phase of voting which took place on April 16th the turnout was 60% out of the 143 million eligible voters. In the 2nd phase the voter turnout was 55 percent out of 19.4 million eligible voters. The third phase of the polls saw the voter turnout as 52 percent out of the 144 million eligible voters. The 4 phase of the polls the voter turnout was 57 percent out of the 9.46 million eligible voters. The 5th phase saw the voter turnout at 62% out of the 108 million eligible voters.

The major issues which were to be addressed during these elections were the security of the country, recession. The political parties did not seem to have any central issues which made the voters confused. The campaigning revolved around the same old promises of jobs and prosperity. The post poll alliances suggested India could be heading for a weak coalition government, with the ruling Congress-led alliance and its rivals falling short of an outright majority.

The elections are also going to play a pivotal role in the economic growth as the major concern is recession. The economists are also of the opinion that whichever government comes it should be stable. It is also believed that the government which is formed will not bring much respite. The financial experts also say that the fiscal indiscipline will remain and, the manifestos have populist measures. The bringing down of the fiscal deficit from more than 10 percent to 5 percent is going to be a challenge even if it is a single party.

The results of the polls are expected to come out by May 16th. We will have to wait and watch to see what policies are going to be formed by the new government to overcome various issues.

Source: Reuters , Economic Times