Arab Today, arab today india’s railway minister quits
Last Updated : GMT 08:17:24
Arab Today, arab today
Arab Today, arab today

India’s railway minister quits

Arab Today, arab today

Arab Today, arab today India’s railway minister quits

New Delhi - Arabstoday

India’s railway minister quit on Sunday after he raised fares on the vast but creaking network, underscoring the government’s inability to take unpopular policy steps and adding to speculation the unsteady ruling coalition will fall apart. Railway Minister Dinesh Trivedi’s decision to resign, and the fare rollback that is likely to come, follows a pattern in recent months of India’s leaders announcing economic reform but being too weak to enforce it. Trivedi announced the first increase in passenger fares in eight years on Wednesday, a move aimed at shoring up a network whose dysfunction has become a major drag on the economy. That news cheered investors but prompted a furious response from Trivedi’s own party, a powerful regional ally of the ruling Congress party that has stood in the way of economic reform in the past. “I’m a loyal soldier of the party,” Trivedi said, of his decision to resign. “I’m worried about (passenger)safety. I did what I did because of the safety.” Still smarting from defeat in regional elections last month, the government of Prime Minister Manmohan Singh is currently seeking to pass its 2012-13 budget in parliament and seems to be again bending to the wishes of ambitious coalition partner Mamata Banerjee. If Banerjee’s Trinamool Congress did not support the budget and withdrew from the ruling coalition, the government of Asia’s third largest economy would face a no-confidence motion and have to look to other parties to maintain the majority in parliament. In the unlikely scenario Congress failed to prove it had a majority, a snap general election would be called, two years before the government’s term is due to end in 2014. If the prime minister agrees to a rollback of the fare hike, it would feed the impression that his government - already reeling from graft scandals - is unable to implement policies needed to lift economic growth, which has slowed to its lowest in nearly three years. Last year, Singh attempted to allow foreign retailers such as Wal-Mart Stores Inc to invest in India’s supermarket sector, but his move was blocked by the Trinamool Congress. Earlier this month, a flip-flop over whether India would ban cotton exports plunged global markets for the commodity into uncertainty. Decades of low investment, a poor safety record and frequent delays mean India has fallen far behind China in building a network fit for Asia’s third-biggest economy. Many Indians see the railways as a service for the common man, left on the periphery of two decades of surging growth that has seen millions buy cars or travel by air for the first time.    

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india’s railway minister quits Arab Today, arab today india’s railway minister quits

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india’s railway minister quits Arab Today, arab today india’s railway minister quits

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today unveils Joon - the 'millenials' airline

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iran tests new medium-range missile

GMT 21:24 2017 Saturday ,23 September

Iran tests new medium-range missile
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 08:39 2017 Friday ,22 September

New Hurdles as Republicans Rush

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday