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Stock impact report

Modi's Top Coalition Ally Seeks More Than $12 Billion Handout [BNN Bloomberg (Canada)]

S&P Global Inc. (SPGI) 
Last s&p global inc. earnings: 4/28 07:10 am Check Earnings Report
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Company Research Source: BNN Bloomberg
N Chandrababu Naidu, head of the Telugu Desam Party and also chief minister of Andhra Pradesh state, met Modi Thursday to request an aid package to build the capital city in the state and fund other projects. Naidu has requested a substantial portion of the support to be paid from this year's national budget, the people said, asking not to be identified because they're not authorized to speak publicly about the matter. Modi's Bharatiya Janata Party failed to win an outright majority for the first time in a decade in recently held national elections, and is reliant on Naidu's TDP and another coalition party — Janata Dal (United) — to run the government. Local media reported that JDU, which is led by Nitish Kumar, is also seeking a special financial aid package for the eastern state of Bihar, which he governs. Modi's government is expected to announce its national budget later in July. Modi has agreed in principle to providing the financial support to Naidu, the people said. The TD Show less Read more
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