In India's capital city, preparations are on for Prime Minister Narendra Modi's second term in office.Exit polls, which were allowed to be published only after the last vote in the nation's seven-phase elections had been cast on Sunday, have heralded a comfortable victory for Mr Modi's Hindu nationalist Bharatiya Janata Party (BJP). Please subscribe or log in to continue reading the full article. Learn more about ST PREMIUM. Enjoy unlimited access to ST's best work Exclusive stories and features on multiple devicesIn-depth analyses and opinion piecesePaper and award-winning multimedia content Subscribe Now … [Read more...] about India elections: Nation poised for critical watershed moment
Second phase exit poll
SIX DEAD, 200 INJURED IN ELECTION PROTESTS After a day of relative calm yesterday as the long-awaited election results were finally announced, there was an outbreak of violence in the Indonesian capital today. A group of some 300 clashed with police on Wednesday morning. The Inspector-General told reporters that 14 vehicles, including three belonging to the police, were set on fire and some 58 “provocateurs” had been arrested. Jakarta Governor Anies Baswedan meanwhile said that six people had died and 200 others were injured. The big picture: Indonesia, Jakarta especially, has been tense since the April 17 election that featured a rematch between President Joko Widodo and former general Prabowo Subianto. Fears of violence and terror attacks surrounding the official release of the results had prompted foreign missions like the US embassy to issue warnings of a “heightened risk of terrorism”, with the Indonesian government mobilising 32,000 troops to keep … [Read more...] about Asian Insider May 22: In Indonesia, unrest “by design”?
NEW DELHI (REUTERS, AFP) - Indian shares surged on Monday (May 20), a day after exit polls showed Prime Minister Narendra Modi would retain power with a bigger majority in the parliament, with financials leading the charge. Exits polls, following the mammoth seven-phase voting, showed Modi's National Democratic Alliance (NDA) projected to win between 339 and 365 seats in the 545-member lower house of parliament. Despite facing criticism for weak job growth and farm prices, Modi turned the campaign into a fight for national security after tensions with Pakistan escalated earlier this year. "I expect another 2-3 per cent rally in the market in the next 3-4 days based on the cue," said Samrat Dasgupta, a fund manager at Esquire Capital Investment Advisors. "But once the results are out on Thursday, even if it is as expected, I don't see much upside to the market." "The economy is passing through a rough patch because a lot of data indicators are showing a slowdown, so people will wait for … [Read more...] about Indian shares surge after exit polls show Modi victory