Certain uncertainty: the BJP government pledges to continue economic reforms. But even if it survives a May 31 vote of confidence, investors aren't sure it will be able to keep its promises
Article Abstract:
India's Bharatiya Janata Party (BJP) announced on May, 15, 1996, that A.B. Vajpayee would become prime minister, but that appointment will only come to fruition if the party survives a vote of confidence planned for May 31, 1996. The BJP also announced that Jaswant Singh would be appointed finance minister, a choice favored by Indian and foreign investors. The survival of the BJP government is in question, and the National Front-Left Front alliance and P.V. Narasimha Rao may be next in line for control of the government.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Up from under; low-caste, regional parties shake up political order
Article Abstract:
India's general election, scheduled to begin on Apr 27, 1996, will undoubtedly be influenced by the rising power of splintered political groups that are based on region, caste and religion. These groups are giving more political voice to India's lowest social strata, the Dalits, who were once referred to as the 'untouchables'. The growth of these new political parties has hastened the demise of Congress as the country's dominant national political party.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
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Hear him roar
Article Abstract:
Shiv Sena party leader Bal Thackeray holds no official post in the new government of Maharashtra state, India, but remains powerful behind the scenes, perhaps in effective control. He insists that changing Bombay's name and that of various districts is important, a way to reflect independence from foreign aggressors, and says Shiv Sena must remain militant to prevent further violence instigated by outsiders, perhaps Muslims.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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