Bad news for the UPA government
The presidential election in India was thrown into disarray yesterday when two key Congress allies, the All India Trinamool Congress (AITMC) of West Bengal Chief Minister, Mamata Banerjee and the Samajwadi Party of India (SP) led by Mulayam Singh indicated that they would be supporting A.P.J. Adul Kalam as their preferred candidate.
A.P.J. Adul Kalam was the president of India between 2002 and 2007, is an Independent but has received support from the main opposition party Bharatiya Janata Party (BJP) in opposition to the Indian National Congress (INC) party preferred candidate and current Finance Minister, Pranab Mukherjee.
The AITMC are members of the Congress led United Progressive Alliance (UPA) government and were expected to support the finance minister. The SP are a supporting party of the UPA government. The news would make A.P.J. Adul Kalam the leading contender in the presidential election due to take place on 19th July and would create huge embarrassment to the UPA government.
The UPA received more bad news yesterday when latest wholesale price inflation figures rose from 7.23% to 7.55% in May whilst exports fell 4.16% in the same month.