General Affairs
SAARC Summit Postponed After India's Boycott: Nepalese Media
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KATHMANDU: The next SAARC Summit, which was scheduled to be hosted by Pakistan in November, has been postponed after India pulled out of the event "in the prevailing circumstances", Nepalese media reported today.
"The 19th SAARC Summit has been postponed after India yesterday announced its inability to take part in it "in the prevailing circumstances"," the Kathmandu Post reported.
Reports emanating from Nepalese media are significant as Nepal is the Chair of the eight-member grouping. India has already communicated its decision to Nepal.
The summit is automatically postponed or cancelled even if one member country skips the event.
Tensions between India and Pakistan are growing after militants stormed an Indian Army base in Uri on September 18, killing 18 soldiers.
Besides India, three other SAARC members - Bangladesh, Bhutan and Afghanistan - have pulled out of the summit, indirectly blaming Pakistan for "creating an environment which is not right for the successful holding" of the meet.
Founded in 1985, South Asian Association for Regional Cooperation (SAARC) currently has Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka as its members.
KATHMANDU: The next SAARC Summit, which was scheduled to be hosted by Pakistan in November, has been postponed after India pulled out of the event "in the prevailing circumstances", Nepalese media reported today."The 19th SAARC Summit has been postponed after India yesterday announced its inability to take part in it "in the prevailing circumstances"," the Kathmandu Post reported.
The summit is automatically postponed or cancelled even if one member country skips the event.
Tensions between India and Pakistan are growing after militants stormed an Indian Army base in Uri on September 18, killing 18 soldiers.
Besides India, three other SAARC members - Bangladesh, Bhutan and Afghanistan - have pulled out of the summit, indirectly blaming Pakistan for "creating an environment which is not right for the successful holding" of the meet.
Founded in 1985, South Asian Association for Regional Cooperation (SAARC) currently has Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka as its members.
Uproot Samajwadi Party, Bahujan Samaj Party For UP's Development: Amit Shah
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MATHURA: Slamming UP's ruling Samajwadi Party for establishing a "goonda raj", BJP chief Amit Shah today said the "chacha-bhatija" government had failed to usher in development and asked the electorate to vote BJP to power in the state while ensuring complete rout of Samajwadi Party and Bahujan Samaj Party.
He said Uttar Pradesh had seen little development in the last 15 years of alternate rules of Samajwadi Party and Bahujan Samaj Party while many other states progressed. He promised a BJP government will be committed to the development of the poor.
"It is not only I or my party workers but everybody is saying that this government of chacha-bhatija cannot develop UP," he told a public meeting at the birth place of Jan Sangh ideologue Deen Dayal Upadhyay, while taking potshots at the feud between Chief Minister Akhilesh Yadav and his uncle Shivpal Yadav, a minister in his nephew's cabinet.
"In 15 years, SP and BSP have made UP, which is endowed with so much resources, a most backward state while the rest of the country has marched ahead... How long will you tolerate the corrupt government of Mayawati and goonda raj of Samajwadi Party? You must root them out and give BJP a chance," he said.
The state he comes from, Mr Shah said referring to Gujarat, has water 1,200 feet below the ground while UP, which has been blessed with rivers like Ganga and Yamuna, remained backward.
"When SP comes to power, goondas (ruffians) rule the state and when Mayawati comes, there is a lot of corruption," he alleged, adding there was anger among people who wanted change.
Seeking mandate for BJP, he said its government will follow the path shown by Deen Dayal Upadhyay and work for the development of people of all castes and religions. If UP develops, the country's GDP growth can cross 10 per cent, he said.
"We will work for the development of the last man in queue," he said.
The BJP governments at the centre and in states are observing the birth centenary year of Deen Dayal Upadhyay as 'garib kalyan varsh' (the year of welfare of the poor) and decided to publicise a number of schemes of the Modi government to underline its "pro-poor" credentials.
MATHURA: Slamming UP's ruling Samajwadi Party for establishing a "goonda raj", BJP chief Amit Shah today said the "chacha-bhatija" government had failed to usher in development and asked the electorate to vote BJP to power in the state while ensuring complete rout of Samajwadi Party and Bahujan Samaj Party.He said Uttar Pradesh had seen little development in the last 15 years of alternate rules of Samajwadi Party and Bahujan Samaj Party while many other states progressed. He promised a BJP government will be committed to the development of the poor.
"In 15 years, SP and BSP have made UP, which is endowed with so much resources, a most backward state while the rest of the country has marched ahead... How long will you tolerate the corrupt government of Mayawati and goonda raj of Samajwadi Party? You must root them out and give BJP a chance," he said.
The state he comes from, Mr Shah said referring to Gujarat, has water 1,200 feet below the ground while UP, which has been blessed with rivers like Ganga and Yamuna, remained backward.
"When SP comes to power, goondas (ruffians) rule the state and when Mayawati comes, there is a lot of corruption," he alleged, adding there was anger among people who wanted change.
Seeking mandate for BJP, he said its government will follow the path shown by Deen Dayal Upadhyay and work for the development of people of all castes and religions. If UP develops, the country's GDP growth can cross 10 per cent, he said.
"We will work for the development of the last man in queue," he said.
The BJP governments at the centre and in states are observing the birth centenary year of Deen Dayal Upadhyay as 'garib kalyan varsh' (the year of welfare of the poor) and decided to publicise a number of schemes of the Modi government to underline its "pro-poor" credentials.
Congress Can Pull Nation Out Of Grip Of Communalism, Poverty: Rahul Gandhi
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RAMPUR: Congress Vice President Rahul Gandhi today said his party has all the capabilities and competency to pull the nation out of the grip of communalism, poverty, lawlessness and free the farmers from their debt burden.
Mr Gandhi, who is undertaking Deoria to Delhi Yatra, reached Rampur for 'Khaat Sabha' after addressing public gatherings at Bilaspur, Kameri and Chamrawa villages in the district.
"Congress party has all the capabilities and competency to pull the nation out of the grip of communalism, poverty, lawlessness," he said at the rally.
Taking a jibe at BJP for criticising Congress over charpoys being taken away by the people soon after his 'Khaat Sabha' was over in Deoria, he said "They (the BJP), remained tight lipped when business tycoon Vijay Mallya managed to flee without repaying his debts."
Mr Gandhi said farm loans will be waived of within 10 days of Congress coming to power.
"Our assurances will be different from those of Prime Minister Narendra Modi's. This government is a dispensation of capitalists, but Congress' government would be of farmers," he claimed.
Terming India as a "mismanaged" country, he said, but this would change if Congress comes to power. "People will see and appreciate our government because of our ability to delivery and our competency to ensure good governance".
Attacking Bahujan Samaj Party chief Mayawati and Samajawadi Party chief Mulayam Singh Yadav, he said, "Why do they not cry against the mismanagement of the present government in the Lok Sabha."
RAMPUR: Congress Vice President Rahul Gandhi today said his party has all the capabilities and competency to pull the nation out of the grip of communalism, poverty, lawlessness and free the farmers from their debt burden.Mr Gandhi, who is undertaking Deoria to Delhi Yatra, reached Rampur for 'Khaat Sabha' after addressing public gatherings at Bilaspur, Kameri and Chamrawa villages in the district.
Taking a jibe at BJP for criticising Congress over charpoys being taken away by the people soon after his 'Khaat Sabha' was over in Deoria, he said "They (the BJP), remained tight lipped when business tycoon Vijay Mallya managed to flee without repaying his debts."
Mr Gandhi said farm loans will be waived of within 10 days of Congress coming to power.
"Our assurances will be different from those of Prime Minister Narendra Modi's. This government is a dispensation of capitalists, but Congress' government would be of farmers," he claimed.
Terming India as a "mismanaged" country, he said, but this would change if Congress comes to power. "People will see and appreciate our government because of our ability to delivery and our competency to ensure good governance".
Attacking Bahujan Samaj Party chief Mayawati and Samajawadi Party chief Mulayam Singh Yadav, he said, "Why do they not cry against the mismanagement of the present government in the Lok Sabha."
Centre Approves Ratification Of Paris Climate Agreement
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NEW DELHI: Paving the way for bringing the historic Paris agreement into force, the government today approved its ratification which will be formalised on October 2, the birth anniversary of Mahatma Gandhi.
The nod by the Union Cabinet comes days after Prime Minister Narendra Modi had announced the move which is expected to give momentum to implementation of measures at international level to control global warming.
Union Minister Prakash Javadekar said that with this India will be one of the key countries instrumental in bringing the historic Paris agreement into force.
"Today the Union Cabinet approved the ratification of Paris agreement which is a historic decision. With the ratification, India will be one of the key countries instrumental in bringing the Paris agreement into force," Mr Javadekar told reporters.
The decision will further underline India's responsive leadership, committed to global cause of environment protection and climate justice.
Mr Javadekar said that there were two conditions for the Paris deal to come into force.
The pact will come into force after it is ratified by at least 55 countries that account for 55 per cent of global greenhouse gas emissions, he said.
He said that although 61 countries have ratified the agreement till now, India's move to ratify it will bring the total emissions to 51.89 per cent.
"Because of India's push, now the world will ratify the deal soon. It will become irreversible course of action for humankind. It is a common resolve to keep temperature rise below two degrees Celsius. Now that target is achievable," Mr Javadekar said.
Noting that the four-year period between 2016-2020 is also important, Mr Javadekar said India has played its part and now will remind the world community that their pre-2020 actions are also important.
During the recent BJP's National Council meet in Kozhikode, Prime Minister Narendra Modi had said," There is one work left in the CoP21 (Conference of Parties).
"Ratification is yet to be done and India too is yet to do it. Today on the birth anniversary of Deen Dayal Upadhyay, I announce that India will ratify the decisions on October 2, the birth anniversary of Mahatma Gandhi."
China and the US - responsible for around 40 per cent of the world's carbon emissions - have already jointly ratified the Paris climate change deal that aims to significantly reduce global emissions, giving hopes that the landmark accord may come into effect by the end of this year.
NEW DELHI: Paving the way for bringing the historic Paris agreement into force, the government today approved its ratification which will be formalised on October 2, the birth anniversary of Mahatma Gandhi.The nod by the Union Cabinet comes days after Prime Minister Narendra Modi had announced the move which is expected to give momentum to implementation of measures at international level to control global warming.
Union Minister Prakash Javadekar said that with this India will be one of the key countries instrumental in bringing the historic Paris agreement into force.
"Today the Union Cabinet approved the ratification of Paris agreement which is a historic decision. With the ratification, India will be one of the key countries instrumental in bringing the Paris agreement into force," Mr Javadekar told reporters.
The decision will further underline India's responsive leadership, committed to global cause of environment protection and climate justice.
Mr Javadekar said that there were two conditions for the Paris deal to come into force.
The pact will come into force after it is ratified by at least 55 countries that account for 55 per cent of global greenhouse gas emissions, he said.
He said that although 61 countries have ratified the agreement till now, India's move to ratify it will bring the total emissions to 51.89 per cent.
"Because of India's push, now the world will ratify the deal soon. It will become irreversible course of action for humankind. It is a common resolve to keep temperature rise below two degrees Celsius. Now that target is achievable," Mr Javadekar said.
Noting that the four-year period between 2016-2020 is also important, Mr Javadekar said India has played its part and now will remind the world community that their pre-2020 actions are also important.
During the recent BJP's National Council meet in Kozhikode, Prime Minister Narendra Modi had said," There is one work left in the CoP21 (Conference of Parties).
"Ratification is yet to be done and India too is yet to do it. Today on the birth anniversary of Deen Dayal Upadhyay, I announce that India will ratify the decisions on October 2, the birth anniversary of Mahatma Gandhi."
China and the US - responsible for around 40 per cent of the world's carbon emissions - have already jointly ratified the Paris climate change deal that aims to significantly reduce global emissions, giving hopes that the landmark accord may come into effect by the end of this year.
"Today the Union Cabinet approved the ratification of Paris agreement which is a historic decision. With the ratification, India will be one of the key countries instrumental in bringing the Paris agreement into force," Mr Javadekar told reporters.
The decision will further underline India's responsive leadership, committed to global cause of environment protection and climate justice.
Mr Javadekar said that there were two conditions for the Paris deal to come into force.
The pact will come into force after it is ratified by at least 55 countries that account for 55 per cent of global greenhouse gas emissions, he said.
He said that although 61 countries have ratified the agreement till now, India's move to ratify it will bring the total emissions to 51.89 per cent.
"Because of India's push, now the world will ratify the deal soon. It will become irreversible course of action for humankind. It is a common resolve to keep temperature rise below two degrees Celsius. Now that target is achievable," Mr Javadekar said.
Noting that the four-year period between 2016-2020 is also important, Mr Javadekar said India has played its part and now will remind the world community that their pre-2020 actions are also important.
During the recent BJP's National Council meet in Kozhikode, Prime Minister Narendra Modi had said," There is one work left in the CoP21 (Conference of Parties).
"Ratification is yet to be done and India too is yet to do it. Today on the birth anniversary of Deen Dayal Upadhyay, I announce that India will ratify the decisions on October 2, the birth anniversary of Mahatma Gandhi."
China and the US - responsible for around 40 per cent of the world's carbon emissions - have already jointly ratified the Paris climate change deal that aims to significantly reduce global emissions, giving hopes that the landmark accord may come into effect by the end of this year.
India Up 16 Places In Competitiveness Index, Pak Ranks Last In South Asia
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NEW DELHI: On the back of improved monetary policy and recent reforms towards opening up the economy, India has jumped 16 places in the Global Competitiveness Index (GCI) to 39th spot, the World Economic Forum (WEF) has said.
"India climbs, for the second year in a row, to 39th. Its 16-place improvement is the largest this year, thanks to improved monetary and fiscal policies as well as lower oil prices," the WEF said in its Global Competitiveness Report 2016-17 published on Wednesday.
The Indian economy has stabilised and now boasts of the highest growth among the G-20 countries, the report underlined.
"Recent reform efforts have concentrated on improving public institutions, opening the economy to foreign investors and international trade, and increasing transparency in the financial system," it stated.
Pakistan has been ranked at 122, last amongst its South Asian neighbours.
The report also highlighted that India happens to be the second-most competitive economy among the BRICS (Brazil, Russia, India, China and South Africa) countries, with China ahead at 28th spot.
Switzerland, Singapore and the United States remained the world's most competitive economies in the report that assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity.
The report emphasised that updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets.
Crediting Prime Minister Narendra Modi's government for undertaking reforms, the report said, "India's competitiveness score stagnated between 2007 and 2014, and the economy slipped down the GCI rankings. Since the new government took office in 2014, India climbed up the rankings to 39th in this edition of the report."
Improvement in infrastructure was small and faltering, but picked up after 2014, when the government increased public investment and sped up approval procedures to attract private resources, it said.
"The institutional environment deteriorated until 2014, as mounting governance scandals and seemingly unmanageable inefficiencies saw businesses lose trust in government and public administration, but this trend was also reversed after 2014," it added.
But still a lot needs to be done in the manufacturing sector, which has millions of unprotected and informal workers, the report stated.
NEW DELHI: On the back of improved monetary policy and recent reforms towards opening up the economy, India has jumped 16 places in the Global Competitiveness Index (GCI) to 39th spot, the World Economic Forum (WEF) has said."India climbs, for the second year in a row, to 39th. Its 16-place improvement is the largest this year, thanks to improved monetary and fiscal policies as well as lower oil prices," the WEF said in its Global Competitiveness Report 2016-17 published on Wednesday.
"Recent reform efforts have concentrated on improving public institutions, opening the economy to foreign investors and international trade, and increasing transparency in the financial system," it stated.
Pakistan has been ranked at 122, last amongst its South Asian neighbours.
The report also highlighted that India happens to be the second-most competitive economy among the BRICS (Brazil, Russia, India, China and South Africa) countries, with China ahead at 28th spot.
Switzerland, Singapore and the United States remained the world's most competitive economies in the report that assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity.
The report emphasised that updated business practices and investment in innovation are now as important as infrastructure, skills and efficient markets.
Crediting Prime Minister Narendra Modi's government for undertaking reforms, the report said, "India's competitiveness score stagnated between 2007 and 2014, and the economy slipped down the GCI rankings. Since the new government took office in 2014, India climbed up the rankings to 39th in this edition of the report."
Improvement in infrastructure was small and faltering, but picked up after 2014, when the government increased public investment and sped up approval procedures to attract private resources, it said.
"The institutional environment deteriorated until 2014, as mounting governance scandals and seemingly unmanageable inefficiencies saw businesses lose trust in government and public administration, but this trend was also reversed after 2014," it added.
But still a lot needs to be done in the manufacturing sector, which has millions of unprotected and informal workers, the report stated.
Business Affairs
Govt panel proposes Resolution Corp for banks, financial firms
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A Finance Ministry-appointed committee today proposed to set up a Resolution Corporation to expeditiously deal with issues concerning insolvency of financial institutions, including banks and insurers.
The suggestion to set up a Resolution Corporation, which will also be responsible for providing deposit insurance, was made by Finance Ministry's committee set up to draft a Code on Resolution of Financial Firms.
The draft code proposes to consolidate the existing laws relating to resolution of certain categories of financial institutions, including banks, insurance companies, financial market infrastructures, payment systems, and other financial service providers into a single legislation, and provide for additional tools of resolution to enable the Resolution Corporation to maintain the systemic stability in the country.
While the Insolvency and Bankruptcy Code enacted by Parliament in 2016 provides for resolution and liquidation of non-financial firms, the proposed code aims to deal with insolvency issues of financial firms in line with international best practices, the committee said.
"Recent experience and research have shown that resolution of financial institutions requires a special regime that is faster than any traditional insolvency procedure, where rights of the creditors and other stakeholders can be overridden in the interest of the financial system (including the consumers) and the economy," it added.
The proposed Resolution Corporation will contribute to the stability and resilience of the financial system by carrying out speedy and efficient resolution of financial firms in distress, providing deposit insurance to consumers of certain categories of financial services and monitoring the systemically important financial institutions.
It will also protect consumers of financial institutions and public funds to the extent possible. After enactment of the Financial Resolution and Deposit Insurance Bill, 2016, the Deposit Insurance and Credit Guarantee Corporation will be dissolved and all its functions will be carried out by the Resolution Corporation.
As proposed in the code, the general direction and management of the body will be conferred on the Board of the Resolution Corporation
"This Board will comprise of representatives from financial sector regulators like RBI, SEBI, IRDAI and PFRDA; representatives of the Central Government as well as two independent members," the Committee said.
After the enactment of the Bill, the Deposit Insurance and Credit Guarantee Corporation shall be dissolved and all its functions will be carried out by the Resolution Corporation.
"Thereafter, the Resolution Corporation will be the authority responsible for providing deposit insurance in the country," the committee noted.
The Corporation, in consultation with the appropriate regulator, will specify objective criteria for the classification of covered service providers into five categories, namely, low, moderate, material, imminent and critical, taking into account several features of the covered service providers, including adequacy of capital, asset quality, leverage ratio, liquidity and capability of management.
The code proposes to give power to the Resolution Corporation to transfer the whole or part of the assets and liabilities of the covered service provider to another person, on terms agreed between the Corporation and such person, creating a bridge service provider, merger or amalgamation of the covered service provider, acquisition of the covered service provider and liquidation.
The powers of the Corporation as a liquidator include, amongst others, the power to verify claims of all the creditors, take into custody all the assets, property and actionable claims of the covered service provider, sell property, access information, consolidate and verify claims, admit or reject claims and payments of deposit insurance.
"The Central Government and the Resolution Corporation, with the prior approval of the Central Government, can enter into memorandums of understanding with the governments and their regulators of other countries and exchange information with them to give full effect to the provisions of this Act," the committee stated.
It further said resolution has to be completed within two years, with the provision for an extension of one additional year, except in the case of liquidation.
The Resolution Corporation shall have three types of funds -- the Corporation Insurance Fund for payment of deposit insurance, the Corporation Resolution Fund for covering resolution fees and a Corporation General Fund for meeting the administrative expenses of the Corporation. The covered service providers shall also be required to pay fees, as specified by the Corporation.
A Finance Ministry-appointed committee today proposed to set up a Resolution Corporation to expeditiously deal with issues concerning insolvency of financial institutions, including banks and insurers.
The suggestion to set up a Resolution Corporation, which will also be responsible for providing deposit insurance, was made by Finance Ministry's committee set up to draft a Code on Resolution of Financial Firms.
The draft code proposes to consolidate the existing laws relating to resolution of certain categories of financial institutions, including banks, insurance companies, financial market infrastructures, payment systems, and other financial service providers into a single legislation, and provide for additional tools of resolution to enable the Resolution Corporation to maintain the systemic stability in the country.
While the Insolvency and Bankruptcy Code enacted by Parliament in 2016 provides for resolution and liquidation of non-financial firms, the proposed code aims to deal with insolvency issues of financial firms in line with international best practices, the committee said.
"Recent experience and research have shown that resolution of financial institutions requires a special regime that is faster than any traditional insolvency procedure, where rights of the creditors and other stakeholders can be overridden in the interest of the financial system (including the consumers) and the economy," it added.
The proposed Resolution Corporation will contribute to the stability and resilience of the financial system by carrying out speedy and efficient resolution of financial firms in distress, providing deposit insurance to consumers of certain categories of financial services and monitoring the systemically important financial institutions.
It will also protect consumers of financial institutions and public funds to the extent possible. After enactment of the Financial Resolution and Deposit Insurance Bill, 2016, the Deposit Insurance and Credit Guarantee Corporation will be dissolved and all its functions will be carried out by the Resolution Corporation.
As proposed in the code, the general direction and management of the body will be conferred on the Board of the Resolution Corporation
"This Board will comprise of representatives from financial sector regulators like RBI, SEBI, IRDAI and PFRDA; representatives of the Central Government as well as two independent members," the Committee said.
After the enactment of the Bill, the Deposit Insurance and Credit Guarantee Corporation shall be dissolved and all its functions will be carried out by the Resolution Corporation.
"Thereafter, the Resolution Corporation will be the authority responsible for providing deposit insurance in the country," the committee noted.
The Corporation, in consultation with the appropriate regulator, will specify objective criteria for the classification of covered service providers into five categories, namely, low, moderate, material, imminent and critical, taking into account several features of the covered service providers, including adequacy of capital, asset quality, leverage ratio, liquidity and capability of management.
The code proposes to give power to the Resolution Corporation to transfer the whole or part of the assets and liabilities of the covered service provider to another person, on terms agreed between the Corporation and such person, creating a bridge service provider, merger or amalgamation of the covered service provider, acquisition of the covered service provider and liquidation.
The powers of the Corporation as a liquidator include, amongst others, the power to verify claims of all the creditors, take into custody all the assets, property and actionable claims of the covered service provider, sell property, access information, consolidate and verify claims, admit or reject claims and payments of deposit insurance.
"The Central Government and the Resolution Corporation, with the prior approval of the Central Government, can enter into memorandums of understanding with the governments and their regulators of other countries and exchange information with them to give full effect to the provisions of this Act," the committee stated.
It further said resolution has to be completed within two years, with the provision for an extension of one additional year, except in the case of liquidation.
The Resolution Corporation shall have three types of funds -- the Corporation Insurance Fund for payment of deposit insurance, the Corporation Resolution Fund for covering resolution fees and a Corporation General Fund for meeting the administrative expenses of the Corporation. The covered service providers shall also be required to pay fees, as specified by the Corporation.
Why India's ranking in Global Competitiveness Index has improved
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The recently released Global Competitiveness Index report by World Economic Forum gave a thumbs up to the Narendra Modi led BJP government's economic reforms agenda with India climbing 16 places on the Global Competitiveness Index.
The report said India's GDP per capita in PPP terms almost doubled between 2007 and 2016, from $3,587 to $6,599. The country's competitiveness score was sluggish between 2007 and 2014. Ever since the Modi led BJP government took office in 2014, India climbed back up the rankings to 39th in this edition of the report, from 48th in 2007-2008.
Here's what the report said:
- India's health and basic education improved throughout the decade. Improvement in infrastructure, by contrast, was small and faltering during most of the period, but picked up after 2014 when the government increased public investment and sped up approval procedures to attract private resources.
- The institutional environment deteriorated until 2014, as mounting governance scandals and seemingly unmanageable inefficiencies saw businesses lose trust in government and public administration, but this trend was also reversed after 2014.
- Macroeconomic conditions followed a similar path, as India managed only in recent years-thanks also to the drop in commodity prices-to keep inflation below the target of 5 percent while rebalancing its current account and decreasing public deficit.
- Financial market development has also improved since 2014, but-unlike the case of institutions and the macroeconomic environment-not enough to recover to 2007 levels.
- Thanks to the 2015 and 2016 rebound, India's overall competitiveness score in this period increased by 0.19 points. The two most significant improvements are in infrastructure and in health and primary education: for example, India almost halved its rate of infant mortality (62 per 1,000 in the 2007-2008 edition of the GCI versus 37.9 today).
- Life expectancy increased to 68, up from 62 10 years ago, while primary education has become almost universal (up to 93.1 percent from 88.8 percent). Macroeconomic environment is another basic requirement where India's performance has improved significantly (+0.34).
- Financial market development is the pillar most dragging down India's competitiveness compared to 10 years ago. Here the efforts of the Reserve Bank of India have increased transparency in the financial market and shed light on the large amounts of non-performing loans, previously not reported on the balance sheets of Indian banks. Banks have not yet found a way to sell these assets, and some need large recapitalizations.
- The efficiency of the goods market has also deteriorated, resulting from India's failure to address long-running problems such as varying goods and services tax (GST) levels within the country (this is set to finally change as of 2017 if the Central GST and Integrated GST Bills currently in Parliament are fully implemented).
- The country's biggest relative weakness today is in technological readiness, where initiatives such as Digital India could lead to significant improvements in the next years.
- India outperforms countries in the same stage of development, mostly those in sub-Saharan Africa, in all pillars except labor market efficiency.
The recently released Global Competitiveness Index report by World Economic Forum gave a thumbs up to the Narendra Modi led BJP government's economic reforms agenda with India climbing 16 places on the Global Competitiveness Index.
The report said India's GDP per capita in PPP terms almost doubled between 2007 and 2016, from $3,587 to $6,599. The country's competitiveness score was sluggish between 2007 and 2014. Ever since the Modi led BJP government took office in 2014, India climbed back up the rankings to 39th in this edition of the report, from 48th in 2007-2008.
Here's what the report said:
- India's health and basic education improved throughout the decade. Improvement in infrastructure, by contrast, was small and faltering during most of the period, but picked up after 2014 when the government increased public investment and sped up approval procedures to attract private resources.
- The institutional environment deteriorated until 2014, as mounting governance scandals and seemingly unmanageable inefficiencies saw businesses lose trust in government and public administration, but this trend was also reversed after 2014.
- Macroeconomic conditions followed a similar path, as India managed only in recent years-thanks also to the drop in commodity prices-to keep inflation below the target of 5 percent while rebalancing its current account and decreasing public deficit.
- Financial market development has also improved since 2014, but-unlike the case of institutions and the macroeconomic environment-not enough to recover to 2007 levels.
- Thanks to the 2015 and 2016 rebound, India's overall competitiveness score in this period increased by 0.19 points. The two most significant improvements are in infrastructure and in health and primary education: for example, India almost halved its rate of infant mortality (62 per 1,000 in the 2007-2008 edition of the GCI versus 37.9 today).
- Life expectancy increased to 68, up from 62 10 years ago, while primary education has become almost universal (up to 93.1 percent from 88.8 percent). Macroeconomic environment is another basic requirement where India's performance has improved significantly (+0.34).
- Financial market development is the pillar most dragging down India's competitiveness compared to 10 years ago. Here the efforts of the Reserve Bank of India have increased transparency in the financial market and shed light on the large amounts of non-performing loans, previously not reported on the balance sheets of Indian banks. Banks have not yet found a way to sell these assets, and some need large recapitalizations.
- The efficiency of the goods market has also deteriorated, resulting from India's failure to address long-running problems such as varying goods and services tax (GST) levels within the country (this is set to finally change as of 2017 if the Central GST and Integrated GST Bills currently in Parliament are fully implemented).
- The country's biggest relative weakness today is in technological readiness, where initiatives such as Digital India could lead to significant improvements in the next years.
- India outperforms countries in the same stage of development, mostly those in sub-Saharan Africa, in all pillars except labor market efficiency.
Supreme Court extends Subrata Roy's parole till October 24
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The Supreme Court on Wednesday extended Sahara Group chief Subrata Roy's interim parole till October 24 on payment of Rs 200 crore.
The Group has been asked to submit a roadmap for payment of Rs 12,000 crore due from it.
On Friday, the court said Sahara Chief Subrata Roy and two other group directors will have to surrender to custody within a week, after terminating the "interim arrangements" of granting parole to them.
The apex court was infuriated due to some alleged intemperate remarks of Sahara counsel and senior advocate Rajeev Dhawan, and had cancelled "all interim arrangements" granting parole to Roy and Sahara directors Ashok Roy Choudhary and Ravi Shankar Dubey, and ordered that they be taken into custody.
However later, the apex court granted a week to embattled Roy, whose other senior counsel Kapil Sibal rushed to the court for damage control.
The Supreme Court on Wednesday extended Sahara Group chief Subrata Roy's interim parole till October 24 on payment of Rs 200 crore.
The Group has been asked to submit a roadmap for payment of Rs 12,000 crore due from it.
On Friday, the court said Sahara Chief Subrata Roy and two other group directors will have to surrender to custody within a week, after terminating the "interim arrangements" of granting parole to them.
The apex court was infuriated due to some alleged intemperate remarks of Sahara counsel and senior advocate Rajeev Dhawan, and had cancelled "all interim arrangements" granting parole to Roy and Sahara directors Ashok Roy Choudhary and Ravi Shankar Dubey, and ordered that they be taken into custody.
However later, the apex court granted a week to embattled Roy, whose other senior counsel Kapil Sibal rushed to the court for damage control.
A part of GST software to be operational by October
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The software application for migration of existing VAT, service tax and central sales tax assessees to the new GST network the would be ready by October-end, according to a source at GST Network (GSTN), the agency entrusted with the responsibility of building the (front-end) IT infrastructure for GST.
"This is the first instalment of the first phase of the application development and is being called R0. The first instalment of the application, which would be ready by October-end, would be used for migration of exiting VAT, CST and service tax assesses to the GST network," said the source.
The other three instalments of the of the first phase include development of application for registration of new taxpayers, filing of returns and payment. The source mentioned above said that application for three functions would be ready by February and operational by 1 April 2017.
The second phase (the first being development of the front-end of the IT infrastructure) of the software development--building the back-end for the states and Union Territories --would be ready by February next year and the same would be operational by 1 April 2017.
The back-end of the IT infrastructure is the interface that the states and the Central Board of Excise and Customs (CBEC) has to build to fetch information from the system that GSTN is building.
The third and final phase of the software would be analytics, which would be ready once the system has enough data. This the source from GSTN said would only be ready by end of next year.
On the preparation of the back-end of the IT infrastructure that the states are developing, the source at the GSTN said that "we have taken stock of the preparations and we are sure all states would be with their systems on time."
He said that the most of rules of GST would be finalised by 30 September and the states would be able to prepare their software as per the new rules by February 2017.
The software application for migration of existing VAT, service tax and central sales tax assessees to the new GST network the would be ready by October-end, according to a source at GST Network (GSTN), the agency entrusted with the responsibility of building the (front-end) IT infrastructure for GST.
"This is the first instalment of the first phase of the application development and is being called R0. The first instalment of the application, which would be ready by October-end, would be used for migration of exiting VAT, CST and service tax assesses to the GST network," said the source.
The other three instalments of the of the first phase include development of application for registration of new taxpayers, filing of returns and payment. The source mentioned above said that application for three functions would be ready by February and operational by 1 April 2017.
The second phase (the first being development of the front-end of the IT infrastructure) of the software development--building the back-end for the states and Union Territories --would be ready by February next year and the same would be operational by 1 April 2017.
The back-end of the IT infrastructure is the interface that the states and the Central Board of Excise and Customs (CBEC) has to build to fetch information from the system that GSTN is building.
The third and final phase of the software would be analytics, which would be ready once the system has enough data. This the source from GSTN said would only be ready by end of next year.
The third and final phase of the software would be analytics, which would be ready once the system has enough data. This the source from GSTN said would only be ready by end of next year.
On the preparation of the back-end of the IT infrastructure that the states are developing, the source at the GSTN said that "we have taken stock of the preparations and we are sure all states would be with their systems on time."
He said that the most of rules of GST would be finalised by 30 September and the states would be able to prepare their software as per the new rules by February 2017.
Fight for Survival
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The recent merger between the Anil Ambani-led Reliance Communications (RCom) and Aircel has kicked off the much-anticipated consolidation process in the telecom sector. For the past several years, both RCom and Aircel were struggling. RCom's consolidated revenues and net profits have shrunk by 0.9 per cent and 38 per cent, respectively, between 2013/14 and 2015/16. Aircel, on the other hand, reported net losses in 2013/14 and 2014/15. The entity, with equal shareholding from Aircel and RCom, has to fight even harder to survive.
The merged entity will also have to depend heavily on Reliance Jio to survive in a market that's changing fast. Recent developments only make it evident. Reportedly, Reliance Jio 4G services was going to be launched on August 15. Two days later was RCom's date with big-ticket announcements around its own 4G services. But as it turned out, Jio was launched on September 1. In response, RCom kept everything low-key. "Jio was supposed to launch first. We could not have jeopardised their plans. There is an agreement between us," says an RCom official, who did not wish to be identified.
Jio, for now, is writing the rules of the game - dictating tariff rates that are difficult for competitors to match, including the RCom-Aircel combine. In fact, the new entity will start of with a debt of Rs 28,000 crore - Rs 14,000 crore from each - which will limit its ability to bring down the tariffs further, or buy additional spectrum.
Analysts are sceptical of the merger, too. An IDFC Securities report said the sub-optimal quality of subscribers, with an average revenue per user of Rs 100, skewed operations, complexities of a three-way merger and establishment of a new brand, along with debt burden, would make it difficult for the new entity.
Despite the challenges, the deal has two upsides - spectrum and subscriber numbers. The RCom-Aircel entity has 448MHz spectrum across 850, 900, 1,800 and 2,100 MHz bands, which is about 17 per cent of the total spectrum among telcos - making it the third largest in terms of spectrum share. The entity's subscriber base will be 155.5 million - fourth-largest after Airtel, Vodafone and Idea.
But what does the future hold for the new entity? Well, it might eventually lose out to bigger players such as Jio and Airtel. On September 15, RCom had said that it has plans to raise about $1 billion in equity from external investors for expansion and to pay for spectrum. The other possibility is a takeover by Jio.
The affinity between Reliance Industries' Chairman Mukesh Ambani and RCom Chairman Anil Ambani has grown in recent years. RCom already has a tie-up with Jio for sharing passive infrastructure and spectrum. Last year, while addressing shareholders at RCom's annual general meeting, Anil Ambani had said that "strategic cooperation and partnership between RJio and RCom is a virtual consolidation in the telecom sector". Therefore, most likely, Jio will determine the future of the new entity.
The recent merger between the Anil Ambani-led Reliance Communications (RCom) and Aircel has kicked off the much-anticipated consolidation process in the telecom sector. For the past several years, both RCom and Aircel were struggling. RCom's consolidated revenues and net profits have shrunk by 0.9 per cent and 38 per cent, respectively, between 2013/14 and 2015/16. Aircel, on the other hand, reported net losses in 2013/14 and 2014/15. The entity, with equal shareholding from Aircel and RCom, has to fight even harder to survive.
The merged entity will also have to depend heavily on Reliance Jio to survive in a market that's changing fast. Recent developments only make it evident. Reportedly, Reliance Jio 4G services was going to be launched on August 15. Two days later was RCom's date with big-ticket announcements around its own 4G services. But as it turned out, Jio was launched on September 1. In response, RCom kept everything low-key. "Jio was supposed to launch first. We could not have jeopardised their plans. There is an agreement between us," says an RCom official, who did not wish to be identified.
Jio, for now, is writing the rules of the game - dictating tariff rates that are difficult for competitors to match, including the RCom-Aircel combine. In fact, the new entity will start of with a debt of Rs 28,000 crore - Rs 14,000 crore from each - which will limit its ability to bring down the tariffs further, or buy additional spectrum.
Analysts are sceptical of the merger, too. An IDFC Securities report said the sub-optimal quality of subscribers, with an average revenue per user of Rs 100, skewed operations, complexities of a three-way merger and establishment of a new brand, along with debt burden, would make it difficult for the new entity.
Despite the challenges, the deal has two upsides - spectrum and subscriber numbers. The RCom-Aircel entity has 448MHz spectrum across 850, 900, 1,800 and 2,100 MHz bands, which is about 17 per cent of the total spectrum among telcos - making it the third largest in terms of spectrum share. The entity's subscriber base will be 155.5 million - fourth-largest after Airtel, Vodafone and Idea.
But what does the future hold for the new entity? Well, it might eventually lose out to bigger players such as Jio and Airtel. On September 15, RCom had said that it has plans to raise about $1 billion in equity from external investors for expansion and to pay for spectrum. The other possibility is a takeover by Jio.
The affinity between Reliance Industries' Chairman Mukesh Ambani and RCom Chairman Anil Ambani has grown in recent years. RCom already has a tie-up with Jio for sharing passive infrastructure and spectrum. Last year, while addressing shareholders at RCom's annual general meeting, Anil Ambani had said that "strategic cooperation and partnership between RJio and RCom is a virtual consolidation in the telecom sector". Therefore, most likely, Jio will determine the future of the new entity.
General Awareness
Political Parties (National and State) and their Current Leaders – Updated on September 2016
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India has a multi-party system with recognition accorded to national and state level parties. The status is reviewed periodically by the Election Commission of India. Other political parties that wish to contest local, state or national elections are required to be registered by the Election Commission of India (ECI). Registered parties are upgraded as recognized national or state level parties based upon objective criteria.
We have provided you List of Political Parties (National and State) and their Current Leaders Name for competitive exams.
NATIONAL PARTIES
No. Name Abbreviation Symbol Foundation
year Current leader(s) 1 Bharatiya Janata Party BJP Lotus 1980 Amit Shah 2 Indian National Congress INC Hand 1885 Sonia Gandhi 3 Communist Party of India (Marxist) CPI-M Hammer,
sickle and star 1964 Sitaram Yechury 4 Communist Party of India CPI Ears of corn
and sickle 1925 Suravaram Sudhakar Reddy 5 Bahujan Samaj Party BSP Elephant 1984 Mayawati 6 Nationalist Congress Party NCP Clock 1999 Sharad Pawar 7 All India Trinamool Congress AITC Flowers and Grass 1998 Mamata Banerjee
STATE PARTIES
No. Name Abbre
viation Foundation
Year Current
leader(s) States/UT 1 Aam Aadmi Party AAP 2012 Arvind Kejriwal Delhi, Punjab 2 All India
Anna Dravida Munnetra Kazhagam AIADMK 1972 Jayalalithaa Puducherry, Tamil Nadu 3 All India
Forward Bloc AIFB 1939 Debabrata Biswas West Bengal 4 All India
Majlis-e-Ittehadul Muslimeen AIMIM 1927 Asaduddin Owaisi Telangana 5 All India N.R. Congress AINRC 2011 N. Rangasamy Puducherry 6 All India
United Democratic
Front AIUDF 2004 Badruddin Ajmal Assam 7 All
Jharkhand Students
Union AJSU 1986 Sudesh Mahto Jharkhand 8 Asom Gana Parishad AGP 1985 Prafulla Kumar Mahanta Assam 9 Biju Janata
Dal BJD 1997 Naveen Patnaik Odisha 10 Bodoland People’s
Front BPF 1985 Hagrama Mohilary Assam 11 Desiya Murpokku Dravidar Kazhagam DMDK 2005 Vijayakanth Tamil Nadu 12 Dravida Munnetra Kazhagam DMK 1949 M. Karunanidhi Tamil Nadu, Puducherry 13 Haryana
Janhit
Congress (BL) HJC(BL) 2007 Kuldeep Bishnoi Haryana 14 Hill State People’s Democratic
Party HSPDP 1968 H.S. Lyngdoh Meghalaya 15 Indian
National Lok
Dal INLD 1999 Om Prakash Chautala Haryana 16 Indian Union Muslim League IUML 1948 E. Ahamed Kerala 17 Jammu & Kashmir National Conference JKNC 1932 Omar Abdullah Jammu & Kashmir 18 Jammu & Kashmir National Panthers Party JKNPP 1982 Bhim Singh Jammu & Kashmir 19 Jammu and Kashmir People’s Democratic Party JKPDP 1998 Mehbooba Mufti Jammu & Kashmir 20 Janata Dal (Secular) JD(S) 1999 H.D. Deve Gowda Karnataka, Kerala 21 Janata Dal (United) JD(U) 1999 Nitish Kumar Bihar 22 Jharkhand Mukti Morcha JMM 1972 Shibu Soren Jharkhand 23 Jharkhand Vikas Morcha (Prajatantrik) JVM(P) 2006 Babu Lal Marandi Jharkhand 24 Kerala Congress (M) KC(M) 1979 C.F. Thomas Kerala 25 Lok Janshakti Party LJP 2000 Ram Vilas Paswan Bihar 26 Maharashtra Navnirman Sena MNS 2006 Raj Thackeray Maharashtra 27 Maharashtrawadi Gomantak Party MGP 1963 Shashikala Kakodkar Goa 28 Manipur State Congress Party MSCP 1997 Wahengbam Nipamacha Manipur 29 Mizo National Front MNF 1959 Lalduhawma Mizoram 30 Mizoram People’s Conference MPC 1972 Pu Lalhmingthanga Mizoram 31 Naga People’s Front NPF 2002 Neiphiu Rio Manipur, Nagaland 32 National People’s Party NPP 2013 P.A. Sangma Meghalaya 33 Pattali Makkal Katchi PMK 1989 G. K. Mani Puducherry 34 People’s Party of Arunachal PPA 1987 Tomo Riba Arunachal Pradesh 35 Rashtriya Janata Dal RJD 1997 Lalu Prasad Yadav Bihar, Jharkhand 36 Rashtriya Lok Dal RLD 1996 Ajit Singh Uttar Pradesh 37 Rashtriya Lok Samta Party RLSP 2013 Upendra Kushwaha Bihar 38 Revolutionary Socialist Party RSP 1940 T. J. Chandra
-choodan Kerala, West Bengal 39 Samajwadi Party SP 1992 Mulayam Singh Yadav Uttar Pradesh 40 Samajwadi Janata Party (Rashtriya) SJP 1990 Chandra Shekhar Uttar Pradesh 41 Shiromani Akali Dal SAD 1920 Parkash Singh Badal Punjab 42 Shiv Sena SS 1966 Uddhav Thackeray Maharashtra 43 Sikkim Democratic Front SDF 1993 Pawan Kumar Chamling Sikkim 44 Sikkim Krantikari Morcha SKM 2013 Prem Singh Tamang Sikkim 45 Telangana Rashtra Samithi TRS 2001 Kalvakuntla Chandrashekar Rao Telangana 46 Telugu Desam Party TDP 1982 N. Chandra Babu Naidu Andhra Pradesh, Telangana 47 United Democratic Party UDP 1972 Donkupar Roy Meghalaya 48 YSR Congress Party YSRCP 2009 Y. S. Jaganmohan Reddy Andhra Pradesh, Telangana
India has a multi-party system with recognition accorded to national and state level parties. The status is reviewed periodically by the Election Commission of India. Other political parties that wish to contest local, state or national elections are required to be registered by the Election Commission of India (ECI). Registered parties are upgraded as recognized national or state level parties based upon objective criteria.
We have provided you List of Political Parties (National and State) and their Current Leaders Name for competitive exams.
NATIONAL PARTIES
| No. | Name | Abbreviation | Symbol | Foundation year | Current leader(s) |
| 1 | Bharatiya Janata Party | BJP | Lotus | 1980 | Amit Shah |
| 2 | Indian National Congress | INC | Hand | 1885 | Sonia Gandhi |
| 3 | Communist Party of India (Marxist) | CPI-M | Hammer, sickle and star | 1964 | Sitaram Yechury |
| 4 | Communist Party of India | CPI | Ears of corn and sickle | 1925 | Suravaram Sudhakar Reddy |
| 5 | Bahujan Samaj Party | BSP | Elephant | 1984 | Mayawati |
| 6 | Nationalist Congress Party | NCP | Clock | 1999 | Sharad Pawar |
| 7 | All India Trinamool Congress | AITC | Flowers and Grass | 1998 | Mamata Banerjee |
STATE PARTIES
| No. | Name | Abbre viation | Foundation Year | Current leader(s) | States/UT |
| 1 | Aam Aadmi Party | AAP | 2012 | Arvind Kejriwal | Delhi, Punjab |
| 2 | All India Anna Dravida Munnetra Kazhagam | AIADMK | 1972 | Jayalalithaa | Puducherry, Tamil Nadu |
| 3 | All India Forward Bloc | AIFB | 1939 | Debabrata Biswas | West Bengal |
| 4 | All India Majlis-e-Ittehadul Muslimeen | AIMIM | 1927 | Asaduddin Owaisi | Telangana |
| 5 | All India N.R. Congress | AINRC | 2011 | N. Rangasamy | Puducherry |
| 6 | All India United Democratic Front | AIUDF | 2004 | Badruddin Ajmal | Assam |
| 7 | All Jharkhand Students Union | AJSU | 1986 | Sudesh Mahto | Jharkhand |
| 8 | Asom Gana Parishad | AGP | 1985 | Prafulla Kumar Mahanta | Assam |
| 9 | Biju Janata Dal | BJD | 1997 | Naveen Patnaik | Odisha |
| 10 | Bodoland People’s Front | BPF | 1985 | Hagrama Mohilary | Assam |
| 11 | Desiya Murpokku Dravidar Kazhagam | DMDK | 2005 | Vijayakanth | Tamil Nadu |
| 12 | Dravida Munnetra Kazhagam | DMK | 1949 | M. Karunanidhi | Tamil Nadu, Puducherry |
| 13 | Haryana Janhit Congress (BL) | HJC(BL) | 2007 | Kuldeep Bishnoi | Haryana |
| 14 | Hill State People’s Democratic Party | HSPDP | 1968 | H.S. Lyngdoh | Meghalaya |
| 15 | Indian National Lok Dal | INLD | 1999 | Om Prakash Chautala | Haryana |
| 16 | Indian Union Muslim League | IUML | 1948 | E. Ahamed | Kerala |
| 17 | Jammu & Kashmir National Conference | JKNC | 1932 | Omar Abdullah | Jammu & Kashmir |
| 18 | Jammu & Kashmir National Panthers Party | JKNPP | 1982 | Bhim Singh | Jammu & Kashmir |
| 19 | Jammu and Kashmir People’s Democratic Party | JKPDP | 1998 | Mehbooba Mufti | Jammu & Kashmir |
| 20 | Janata Dal (Secular) | JD(S) | 1999 | H.D. Deve Gowda | Karnataka, Kerala |
| 21 | Janata Dal (United) | JD(U) | 1999 | Nitish Kumar | Bihar |
| 22 | Jharkhand Mukti Morcha | JMM | 1972 | Shibu Soren | Jharkhand |
| 23 | Jharkhand Vikas Morcha (Prajatantrik) | JVM(P) | 2006 | Babu Lal Marandi | Jharkhand |
| 24 | Kerala Congress (M) | KC(M) | 1979 | C.F. Thomas | Kerala |
| 25 | Lok Janshakti Party | LJP | 2000 | Ram Vilas Paswan | Bihar |
| 26 | Maharashtra Navnirman Sena | MNS | 2006 | Raj Thackeray | Maharashtra |
| 27 | Maharashtrawadi Gomantak Party | MGP | 1963 | Shashikala Kakodkar | Goa |
| 28 | Manipur State Congress Party | MSCP | 1997 | Wahengbam Nipamacha | Manipur |
| 29 | Mizo National Front | MNF | 1959 | Lalduhawma | Mizoram |
| 30 | Mizoram People’s Conference | MPC | 1972 | Pu Lalhmingthanga | Mizoram |
| 31 | Naga People’s Front | NPF | 2002 | Neiphiu Rio | Manipur, Nagaland |
| 32 | National People’s Party | NPP | 2013 | P.A. Sangma | Meghalaya |
| 33 | Pattali Makkal Katchi | PMK | 1989 | G. K. Mani | Puducherry |
| 34 | People’s Party of Arunachal | PPA | 1987 | Tomo Riba | Arunachal Pradesh |
| 35 | Rashtriya Janata Dal | RJD | 1997 | Lalu Prasad Yadav | Bihar, Jharkhand |
| 36 | Rashtriya Lok Dal | RLD | 1996 | Ajit Singh | Uttar Pradesh |
| 37 | Rashtriya Lok Samta Party | RLSP | 2013 | Upendra Kushwaha | Bihar |
| 38 | Revolutionary Socialist Party | RSP | 1940 | T. J. Chandra -choodan | Kerala, West Bengal |
| 39 | Samajwadi Party | SP | 1992 | Mulayam Singh Yadav | Uttar Pradesh |
| 40 | Samajwadi Janata Party (Rashtriya) | SJP | 1990 | Chandra Shekhar | Uttar Pradesh |
| 41 | Shiromani Akali Dal | SAD | 1920 | Parkash Singh Badal | Punjab |
| 42 | Shiv Sena | SS | 1966 | Uddhav Thackeray | Maharashtra |
| 43 | Sikkim Democratic Front | SDF | 1993 | Pawan Kumar Chamling | Sikkim |
| 44 | Sikkim Krantikari Morcha | SKM | 2013 | Prem Singh Tamang | Sikkim |
| 45 | Telangana Rashtra Samithi | TRS | 2001 | Kalvakuntla Chandrashekar Rao | Telangana |
| 46 | Telugu Desam Party | TDP | 1982 | N. Chandra Babu Naidu | Andhra Pradesh, Telangana |
| 47 | United Democratic Party | UDP | 1972 | Donkupar Roy | Meghalaya |
| 48 | YSR Congress Party | YSRCP | 2009 | Y. S. Jaganmohan Reddy | Andhra Pradesh, Telangana |
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