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India: Women’s Reservation Debate and Market Recovery

In India, the government confirmed extra parliamentary sittings to debate amendments to the Women’s Reservation Act of 2023. Congress accused the ruling party of “maintaining unnecessary secrecy,” alleging the amendments are being timed for electoral advantage in the middle of campaign season. Tamil Nadu’s upcoming state elections are also heating up, with The Hindu canvassing voters in Chennai’s high-profile Sriperumbudur constituency.

On the economic front, the Sensex rose 185 points as the Nifty reclaimed the 22,700 mark, buoyed by a sharp rupee rebound after the Reserve Bank of India intervened to restrict banks from onshore forward markets — a sign of the central bank’s willingness to act decisively amid global turbulence.

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