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Resources » News/Announcements » Loksabha Election News »
Congress going great guns for support
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UPA won the election in a historic way, which shook all the parties and also world. Even Congress was not confident that it will won such a number of seats on its own. It was aiming at 180 and at the end of the counting go whopping number of 206.
Congress is now confident it will not require much of outside support from parties which have condition when they are willing to support such as Left, CPI and smaller parties. Congress with it allies got reached the half mark of 272 with just short of 12 seats, which can be reached by support of smaller parties.
The Corporate world also responded positively on the Congress wins. In the history of Indian Stock Exchange, on Monday, the market sprung to 20% circuit level in just 1 minute and 45 seconds which let BSE and NSE chief to think. This led to closure of market for the day. Everyone is happy as Left will not be in Government and now Congress can work on its terms and conditions. Mostly the Corporate and other countries which are looking out for diversified investment in India.
Congress has submitted their resignation and with panel of ministers, President has re-invited Congress to form the Government by showing the majority and ManMohan Singh will be the Prime Minister again. Congress without going out for support as received an whopping support for 315 and which has already been submitted to President of India.
Congress + allies were standing at 261. Samajwadi Party : Amar Singh with it 23 MPs offered support. JD(S) Kumaraswamy with it 3 MPs, support, RJD with it 4 members, BSP with its 21 members and Bodo People’s Front, Nagaland People Front, Sikkim Democratic Front with 1 each.
The figure reached to 315 with support for Congress + Allies. and they needed only 272. Now that the Congress has support numbers, it will now need to look out for the portfolio’s that it would like to keep with it and then other portfolio’s which need to given to their supporting parties.
Finance, Defence, Home, will be with the same ministers, and with Congress. However, the most important is Railways, which was with Lalu Prasad need to be decided who will get it. However, Lalu has offered support to the Congress, still he is not been considered for the post. Wait and watch.
DMK chief Karunanidhi, who is supporting Congress, is also looking out for a handful of berth in Cabinet for its family and friends.
We need to wait and watch how congress is going to handle the ministry portfolio’s with its allies.
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