Asia e Pacifico | India: (REUTERS) India’s Modi set to win historic third term but with surprisingly slim majority - Indian Prime Minister Narendra Modi looked set on Tuesday to retain power at the head of a ruling coalition but his Hindu nationalist party lost its outright majority for the first time in a decade as voters defied predictions of another landslide.
- The outcome unnerved investors, with stocks falling steeply as emerging results showed that Modi would, for the first time since sweeping to power in 2014, depend on at least three disparate regional parties whose political loyalties have wavered over the years.
- This, analysts say, could introduce some uncertainty into policymaking in the world's most populous democracy after a decade in which Modi has ruled with a strong hand.
- Modi's Bharatiya Janata Party (BJP) won a majority on its own in 2014, ending India's era of unstable coalition governments, and repeated the feat in 2019.
- Modi said people had placed their faith in the BJP-led coalition for a third time and it was historic, in his first comments since counting of votes began.
- Promising to work harder and take "big decisions", Modi listed electronics, semiconductors and defence manufacturing, renewables and the farm sectors as areas of special focus in his third term, without elaborating.
Corea del Sud: (Associated Press) South Korea is suspending a military deal with North Korea after tensions over trash balloons - South Korea on Tuesday took steps to suspend a contentious military agreement with North Korea and resume frontline military activities, as tensions between the rivals are rising over the North’s recent launch of trash-carrying balloons.
- North Korea didn’t immediately respond, but South Korea’s resumption of firing exercises or propaganda loudspeaker broadcasts will likely prompt North Korea to take similar or stronger steps along the rivals’ tense border.
- In the past week, North Korea has used balloons to drop manure, cigarette butts, scraps of cloth and waste paper on South Korea, prompting Seoul to vow “unbearable” retaliation. On Sunday, North Korea said it would halt its balloon campaign.
- On Tuesday, South Korea’s Cabinet Council and President Yoon Suk Yeol approved a proposal to suspend the 2018 inter-Korean agreement on lowering frontline military tensions. It will take effect once Seoul formally notifies the North.
- South Korean officials said the suspension of the 2018 deal would allow it to stage frontline military drills but didn’t publicly elaborate on other steps. Observers say South Korea was considering restarting frontline propaganda loudspeaker broadcasts, a Cold War-style psychological campaign that experts say has stung in rigidly controlled North Korea, whose 26 million people are mostly not allowed access to foreign news.The 2018 deal was already in limbo after the two Koreas took some steps in breach of it amid tensions over North Korea’s spy satellite launch last November.
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