Moneycontrol
Last Updated : May 17, 2016 11:24 AM IST | Source: Moneycontrol.com

Whatever poll results, BJP to need consensus for reforms: Nomura

Overall, if the exit polls are accurate, then the state election results could marginally improve the BJP‘s seat tally in the Upper House, but the government will need to continue to build a consensus to push through legislative reforms in the Upper House, says Nomura

Moneycontrol Bureau

Will the BJP’s ability to push through legislative reforms improve after state elections in Assam, Kerala, West Bengal and Tamil Nadu?

Brokerage house Nomura tries to answer the question.

Excerpts from a Nomura report authored by Sonal Varma and Neha Saraf:

Currently, the NDA (BJP+) has 68 out of 243 seats in the Upper House (plus five nominated seats). Together these five states account for 51 seats in the Upper House, of which six will come up for re-election in 2016 (all in Tamil Nadu), six in 2017 (all in West Bengal) and eight in 2018 (West Bengal and Kerala).

The BJP’s victory in Assam will not help, as none of the seats (seven in the Upper House) are up for re-election until 2019. However, its improved tally in West Bengal and Kerala should help (although it depends on BJP’s final share of seats). Overall, if the exit polls are accurate, then the state election results could marginally improve the BJP’s seat tally in the Upper House, but the government will need to continue to build a consensus to push through legislative reforms in the Upper House (since its seat share remains under 50 percent )"
First Published on May 17, 2016 09:05 am
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