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A supporter of BJP waves the party flag during celebrations after learning of initial poll results outside the party headquarters in New Delhi

Five Challenges for Modi's New Government

A landslide election victory for Narendra Modi's Bharatiya Janata Party (BJP) has created euphoria in India's financial markets, driving shares to life-time highs and the rupee to its strongest level against the dollar in 11 months. May 17, 2014
bjp-leaders-rejoice-over-thumping-majority-humbled-by-voters-generosity

RBI, finance ministry talk contingency plan for May 16

Shimla, May 16 (ANI): RBI Chief Raghuram Rajan has stated that it is prepared to deal with any excessive volatility from election results to be unveiled on Friday. The RBI will also be ready to deal with any volatility in the rupee, Rajan said this during a news briefing in Shimla after discussing the contingency plans with the finance ministry and the stock market regulator. On inflation, Rajan said food prices were still a concern. May 16, 2014
Asian Shares Bounce from 4-week low

Asian Shares Tread Water, Bonds Supported

Asian shares pared early losses on Thursday but held below the previous session's one-month highs, while expectations of credit easing by the European Central Bank knocked yields on U.S. and European bonds. May 15, 2014
Labourers carry EVMs at an election material distribution centre on the eve of the final phase of general election in Kolkata

New Government Set to Inherit Wobbly Economy

India is on the cusp of political change that is widely expected to infuse a new life into an economy that is struggling to break away from a tale of weak growth and high inflation. May 12, 2014
A butcher cuts up portions of beef for sale in an abattoir at a wholesale market in Mumbai (Reuters)

Election Front-Runner BJP Could Curb Beef Exports

The Bharatiya Janata Party (BJP) says it plans to clamp down on beef exports if it takes power after general elections that end on Monday, threatening supplies from one of the world's biggest shippers of the meat. May 11, 2014
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