Much debated India-US nuclear deal passed an important hurdle yesterday. Prime Minister Mr. Manmohan Singh put coalition government on stake for this deal. Political party “Left” had been threatening to withdraw the support from the government and finally withdrew the support. This forced government to face confidence vote in the Lok Sabha. During whole this confidence vote drama, some political party and politicians have come out as winners, while others failed miserably. Left comes out to be biggest loser and Samajwadi party (and arguably Ms. Mayawati) comes out to be biggest winner in this political game.
Though it is big win for Mr. Manmohan Singh, there are others who got a chance to enhance their political career. FM got a chance to speak strictly in terms of economies and comparing growth of India and China. It’s another thing that nobody listened to his speech in the Lok Sabha. Congress party’s prospective PM candidate for next general election Mr. Rahul Gandhi got a chance to make his first major speech in the Lok Sabha. Mr. Lalu got a chance to enlighten the atomsphere with his humor one more time. It was a nothing to lose kind of scenario for BJP. If government lose in confidence vote, it’s good to go for election and raise inflation point against government. If government wins, BJP is right there where it was before. No gain for Mr. Advani. The biggest winner of political drama is Samajwadi party. Mr. Mulayam Singh got government hands on his head and Mr. Amar Singh got recognition as architect of the whole process of collecting MPs for the support. By not supporting government, BSP should be at worse position but Ms. Mayawati turns out to be a winner. She managed to make a strategic alliance, Third Front, for next general election and became leader of that alliance. Looks like a good move towards next PM position.
The nuclear deal now should move at full pace. The India-US nuclear deal should provide a boost to already booming Indian economy and a good strategic partner to the USA both in terms of business prospects and competing against China. This deal still has a long journey to cover. The US congress and UN’s IAEA and NSG group has to approve the pact.
Indian markets welcome the news. BSE sensex was up 838.08 points (almost 6%).
Some good article to read on this news.
http://online.wsj.com/article/SB121672514943973317.html?mod=hps_us_pageone
http://online.wsj.com/article/SB121675052745674159.html?mod=PageOne_1
http://online.wsj.com/article/SB121672514943973317.html?mod=hps_us_pageone
http://online.wsj.com/article/SB121675052745674159.html?mod=PageOne_1
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