The Great Debate (India)
Mamata Banerjee’s Trinamool Congress, the biggest ally in Manmohan Singh’s UPA government, pulled out of the ruling coalition on Tuesday, escalating a political firestorm over big-ticket reform measures launched last week.
The Dravida Munnetra Kazhagam (DMK) put off its plan to resign ministerial posts until Tuesday, offering respite to the Congress-led government fighting to win back public trust after a raft of corruption scandals.
The DMK, which gives Prime Minister Manmohan Singh’s coalition vital support in parliament, had said its six ministers would quit the coalition on Monday because of a row over seats to be contested in the Tamil Nadu election next month.
The task before the finance minister is tricky as the Congress-led government gears up to present the annual budget for 2009-10 on July 6.
Reuters India asks its readers to don the FM’s cap and tell us what shape they would give to the budget to keep a country of over 1 billion people happy.