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Mamata calls it off, pulls out of UPA II. Cong shocked !!!

, September 19, 2012, 0 Comments

Trinamool Congress supremo and West Bengal chief minister Mamata Banerjee decided to pulls out from the UPA government on account of being constantly ignored by Congress.

Addressing media after a three hour long meeting being held with its leaders she announced that being second largest party in coalition at center, her party never got kind of attention and ignored while deciding key initiative such as FDI in multi brand retail, Fuel price hike and cap on LPG for household.

Reacting very cautiously Congress on the other hand maintained that she was and will be valuable member of UPA II. There is still window of opportunities as ministers of TMC will hand over resignation on Friday afternoon.  Next two day will be very crucial for government in resolving ongoing crisis.

After TMC’s exclusion from UPA II, as expected focus has shifted to parties such as SP and BSP whose support would prove as make or break for Government. Mamata’s decision attarcted mixed reaction among political parties. Principal opposition party i.e. BJP termed her decision as “Nation Saver” where as NCP termed it as “decision taken in haste”.

Tomorrow markets are closed on account of “Ganesh Chaturthy”, but this evenings development has changed the political landscape. Market will certainly react to this development on Thursday.

It is still to be seen that how much road Congress is willing to travel in order to fix the situation. Some rollback in last weeks decision is expected but will they be sufficient to keep UPA under one roof needs to be seen.

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