Elections Begin In India

India’s nine-phase elections have begun. The mood in the country is strongly in favor of change, and the majority of opinion polls place the main opposition, the Bharatiya Janata Party (BJP), ahead of the Indian National Congress (INC).

New Licenses in India’s Banking Sector

On April 2, the Reserve Bank of India (RBI) granted approval in principle to two of the twenty-five applicants for the first new banking licenses issued in over a decade.

Aadhaar: India’s Identification System

As many as 50 million Indians hold a passport, close to 100 million hold a Permanent Account Number (PAN) tax card, as many as 200 million have a driving license and around 700 million have an Elector Photo Identity

News Wrap: Elections and the Economy

With the first phase of voting in India’s impending national elections scheduled to begin on April 7, a number of financial services firms and ratings agencies have weighed in on the likely economic impact of the el

India Gears Up for Election Season

India will go to the polls to choose a new government in less than a month in what might be the country’s most important election in a generation. India’s challenge is twofold.

Changing political landscape in the run-up to the general elections

With an electorate of 814 million, India is readying itself for polls starting April 7 until May 12, 2014. The sheer size of the electorate, which is larger than all of Europe’s population, makes this election the largest the world has ever seen.

Regulating Virtual Currencies in India

The media is abuzz with stories about Bitcoin, one of several virtual currencies. Though the Reserve Bank of India has taken a conservative approach so far, a recent statement suggests that the RBI may be reconsidering its stance.

The Interim Budget 2014

On February 17, Finance Minister P. Chidambaram presented the interim Union Budget in Parliament to cover expenditure until a new government is formed after elections in April-May 2014.

News wrap: DefExpo 2014

The 2014 DefExpo, which took place February 6-9 in New Delhi, gave foreign vendors the opportunity to showcase new technology for the Indian market, but observers were quick to note the lack of major deals announced at the event.